Message From CEO
The year 2025 marked a period of surpassing limits and reinforcing leadership in the utilities and sustainable energy business of WHA Utilities and Power Public Company Limited. Amid challenges arising from global economic volatility, climate change, and multidimensional uncertainties, the Company has demonstrated the strength of its resilient business model and innovation-driven approach, enabling stable and continuous growth. We have sustained strong operating performance while laying tangible foundations for sustainability under our mission, “WHA: WE SHAPE THE FUTURE.”
The year 2025 marked a period of surpassing limits and reinforcing leadership in the utilities and sustainable energy business of WHA Utilities and Power Public Company Limited. Amid challenges arising from global economic volatility, climate change, and multidimensional uncertainties, the Company has demonstrated the strength of its resilient business model and innovation-driven approach, enabling stable and continuous growth. We have sustained strong operating performance while laying tangible foundations for sustainability under our mission, “WHA: WE SHAPE THE FUTURE.”
Guided by this mission, the Company operates with the firm belief that sustainable growth begins with a deep understanding of customers’ needs and long-term trusted partnerships. We are committed to elevating our utilities and energy services beyond basic provisions toward smart solutions that are not merely alternatives, but key drivers of efficiency enhancement, service reliability, and sustainability. These solutions strengthen the growth potential of our customers and stakeholders across all sectors.
In 2025, the Company’s utilities business recorded a total water sales and management volume of 160 million cubic meters, comprising 122 million cubic meters in Thailand and 38 million cubic meters in Vietnam. In addition, the Company signed industrial water supply and wastewater treatment contracts totaling over 28 million cubic meters per annum, representing additional future revenue of more than THB 700 million per year. These contracts will further strengthen the Company’s stable and recurring cash flow. We also expanded utilities infrastructure in alignment with the growth of WHA industrial estates to support new high-demand target industries, particularly the data center sector, which serves as a key growth driver in the years ahead.
The Company continues to expand investments in utilities and renewable energy businesses both within and outside WHA industrial estates, placing innovation and technology at the core of business development to meet rising utilities demand. We are also focused on developing value-added water products to create differentiation and deliver solutions that help reduce industrial water footprints, alongside responsible water resource management. Furthermore, we remain committed to delivering sustainability solutions while closely engaging stakeholders to create benefits across economic, social, and environmental dimensions.
In the energy business, the Company has established strategic partnerships to continuously expand its renewable energy portfolio and clean energy innovations. We have also implemented AI and data analytics technologies to enhance electricity forecasting and management, ensuring greater supply stability for customers. During the year, the Company signed 45 additional solar rooftop contracts, representing a total contracted capacity of 60 megawatts. As of the end of 2025, cumulative Private PPA contracted capacity reached 351 megawatts. The Company’s total power generation capacity, based on shareholding equity across all power plants, stood at 1,026 megawatts, comprising 715 megawatts in operation and 311 megawatts under construction and development.
Moreover, during the year, the Company signed Memorandums of Understanding (MOUs) with customer groups, including data center operators, to collaborate on the development and procurement of stable and sustainable electricity supply to accommodate significantly increasing energy demand. This cooperation covers the development of comprehensive energy solutions, particularly renewable and clean energy solutions that address stability, quality, and customers’ greenhouse gas reduction targets. This initiative serves as another key mechanism to unlock new business opportunities and drive the Company’s long-term growth.
Through our strong commitment to sustainable business practices, the Company received the Highly Commended Sustainable Awards 2025 from the Stock Exchange of Thailand. We were also awarded the highest “AAA” rating in the SET ESG Ratings for the third consecutive year and were selected as one of the ESG100 companies by the Thaipat Institute. These achievements reflect our business approach that integrates economic growth with environmental stewardship, social responsibility, and strong corporate governance (ESG) to deliver sustainable long-term returns.
On behalf of the management team, I would like to express my sincere appreciation to our shareholders, customers, business partners, and all stakeholders for your continued trust and support. The Company remains committed to investing in innovation, expanding our service capabilities, and advancing our utilities and energy solutions to deliver sustainable value and contribute to the long-term growth of Thailand’s economy, society, and environment.