Ratch Group (RAT), Thailand's major independent power producer, reported H1 2026 net profit of THB 2.63 billion and revenue of THB 26 billion (96% from power generation). The company is tracking two renewable energy plants under construction in the Philippines (71 MW solar) and Vietnam (5.55 MW hydro) with combined capacity of 76.6 MW—expected to reach commercial operation by end of 2026. Strong financial position: debt-to-equity 1.15x, ROE 10.56%, total assets THB 245.7 billion. Key for SME partners: growth trajectory in renewable energy and continued investment pipeline in Thailand, Indonesia, and beyond offer supply/service opportunities.