Message from the Chairman 

Entering its 11th year in the energy business, Sermsang Power Corporation Public Company Limited operates in an industry of global significance, serving both the industrial and household sectors and constituting a fundamental element of daily life. As a producer of renewable energy derived from natural resources, Sermsang recognizes this importance and upholds it as its core mission to generate and deliver electricity that meets all energy needs in a reliable and sustainable manner.

In 2025 , despite facing various internal and external challenges, including climate change and unforeseen events, every member of the Board of Directors continued to perform their duties with dedication. This ensured that the Company’s operations were conducted with integrity, in compliance with applicable regulations, and with due regard for the interests of all stakeholder groups. During the past year, the Company received a Corporate Governance Report (CGR) rating of 5 stars, or “Excellent,” for the second consecutive year, reflecting strong corporate governance practices. In addition, the Company was rated AA under the SET ESG Rating by the Stock Exchange of Thailand for the second consecutive year.

Furthermore, the Company received a corporate credit rating of “BBB+” with a “Stable” outlook from TRIS Rating for the fourth consecutive year. Despite volatility in financial and investment conditions, the Company’s strong cash flows combined with prudent investment planning have contributed to financial stability, demonstrating readiness to continue investing in the future.

On behalf of the Board of Directors, I would like to express sincere appreciation for the continued trust and confidence of our investors and all stakeholders. The Group remains committed to ensuring equitable access to information for all stakeholders, conducting business with transparency, strengthening corporate governance practices, and paying close attention to environmental and social responsibilities. These commitments will support the Company’s continued progress and sustainable growth in the years ahead.