Message from President
The world is currently facing ongoing challenges related to energy and the environment due to climate change and air pollution, especially fine particulate matter PM 2.5, which directly affects public health. These changes require the industrial sector, particularly the energy industry, to adapt and focus on sustainable development to create a future full of clean, environmentally friendly, and sustainable energy for the next generations.
Biofuel is an essential alternative for reducing greenhouse gas emissions, decreasing air pollution, and alleviating the PM 2.5 problem, as it is a clean energy source. It also contributes to energy security, reduces dependence on crude oil imports, and supports the domestic circular economy by maximizing the benefits of agricultural resources.
BBGI Public Company Limited, as a leader in biofuel production, has adjusted its production strategy for sustainability by focusing on improving operational efficiency through process enhancements to reduce environmental impacts, waste, greenhouse gas emissions, and pollutants causing PM 2.5. At the same time, we are enhancing the Company's competitive capabilities. We are committed to create balance for the economy, society, and environment to ensure stable and sustainable growth.
In the past year, the Company focused on an efficient biofuel production strategy, setting clear operational targets across all dimensions, leading to continuous sales growth. This was achieved through full utilization of factory production capacity and systematic risk management to prevent potential business impact. With this approach, the Company has been able to maintain growth in performance and generate returns for shareholders consistently. In 2024, the Company recorded total revenue of 22,192 million Baht, with an EBITDA of 911 million Baht, and net profit of 215 million Baht. Additionally, the Company increased its stake in BBGI Biodiesel Company Limited from 70 percent to 100 percent, reflecting its commitment to expanding the business and achieving stable growth by continuously enhancing competitive capabilities.
The Company recognizes the importance of business growth alongside sustainable operations and investments, focusing on the involvement of all stakeholders in dimensions of environment, society, and governance, or ESG. We believe that conducting business responsibly will benefit the community and support the Company’s stable and sustainable growth. In 2024, the Company received an upgraded corporate credit rating to “A” with a “Stable” outlook from TRIS Rating. Additionally, the Company was evaluated in the listed companies' corporate governance survey (CGR 2024) and received an “Excellent” rating, or 5 stars, for the second consecutive year. The Company also received an SET ESG RATINGS 2024 rating of “AA” and was selected as 1 of 19 securities in the ESG EMERGING group for 2024. Furthermore, the Company was included in the ESG100 list for the first time based on the evaluation by Thaipat Institute
In 2025, the Company remains committed to the sustainable production of biofuels, focusing on enhancing operational excellence alongside systematic waste management. Additionally, the Company emphasizes product innovation, including the development of high-value products from production waste, which is a key strategy to increase competitiveness in the market while prioritizing environmental considerations.
On behalf of the Company, I would like to thank all shareholders and stakeholders for their trust and confidence, as well as their continuous support of the Company. We are committed to driving continuous growth for our business, with a focus on transparent corporate governance and good corporate practices to ensure that the Company remains a sustainable organization capable of delivering strong returns to shareholders while creating value for all stakeholders. We will continue our commitment to developing sustainable business innovations, while maintaining a balance between economic growth and the care of the environment and society, principles we have always upheld. This is our commitment to creating a sustainable future for the world and a better future for everyone.
Mr. Patiparn Sukorndhaman
Chairman of the Board of Directors
December 31, 2024