Interim report
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Delta Electronics (Thailand) Public Company Limited and its subsidiaries Review report and consolidated and separate financial information For the three-month and nine-month periods ended 30 September 2026
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Independent Auditor’s Report on Review of Interim Financial Information To the Shareholders of Delta Electronics (Thailand) Public Company Limited I have reviewed the accompanying consolidated financial information of Delta Electronics (Thailand) Public Company Limited and its subsidiaries (the Group), which comprises the consolidated statements of financial position as at 30 September 2026, the related consolidated statements of comprehensive income for the three-month and nine-month periods then ended, and the related consolidated statements of changes in shareholders’ equity and cash flows for the nine-month period then ended, as well as the condensed notes to the interim consolidated financial statements. I have also reviewed the separate financial information of Delta Electronics (Thailand) Public Company Limited for the same periods (collectively “the interim financial information”). Management is responsible for the preparation and presentation of this interim financial information in accordance with Thai Accounting Standard 34 Interim Financial Reporting. My responsibility is to express a conclusion on this interim financial information based on my review. Scope of review I conducted my review in accordance with Thai Standard on Review Engagements 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the standards as applicable to auditing issued by the Federation of Accounting Professions and consequently does not enable me to obtain assurance that I would become aware of all significant matters that might be identified in an audit. Accordingly, I do not express an audit opinion. Conclusion Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standard 34 Interim Financial Reporting. Chatchai Kasemsrithanawat Certified Public Accountant (Thailand) No. 5813 EY Office Limited Bangkok: 27 October 2026
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Delta Electronics (Thailand) Public Company Limited and its subsidiaries Statements of financial position As at 30 September 2026 (Unit: Thousand Baht) Note 30 September 2026 31 December 2025 30 September 2026 31 December 2025 (Unaudited (Audited) (Unaudited (Audited) but reviewed) (Restated) but reviewed) Assets Current assets Cash and cash equivalents 8,077,720 20,328,245 3,605,771 13,033,536 Trade and other current receivables 3 67,506,923 45,966,183 72,794,727 51,408,424 Short-term loans to related party 2 16,000 7,000 - - Inventories 4 68,950,432 34,731,293 51,097,219 23,748,507 Derivative assets 17.2 30,111 399,353 19,770 399,154 Other current assets 5 3,520,508 2,718,954 1,893,296 1,221,542 Total current assets 148,101,694 104,151,028 129,410,783 89,811,163 Non-current assets Restricted bank deposits 244,599 395,377 - - Investments in subsidiary companies 6 - - 23,432,805 22,461,224 Investments in associated companies 4,362 2,857 2,900 2,000 Investment properties 335,427 155,566 - - Property, plant and equipment 7 59,586,319 45,687,806 44,971,244 31,741,626 Advances to contractors and for acquisitions of assets 2,757,529 1,666,279 2,612,065 1,666,279 Right-of-use assets 556,015 471,410 81,575 79,470 Goodwill 214,731 418,194 - - Other intangible assets 87,248 106,546 33,656 37,945 Deferred tax assets 552,988 639,360 - - Other non-current assets 433,892 514,617 53,859 45,310 Total non-current assets 64,773,110 50,058,012 71,188,104 56,033,854 Total assets 212,874,804 154,209,040 200,598,887 145,845,017 The accompanying notes are an integral part of the interim financial statements. Separate financial statementsConsolidated financial statements
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Delta Electronics (Thailand) Public Company Limited and its subsidiaries Statements of financial position (continued) As at 30 September 2026 (Unit: Thousand Baht) Note 30 September 2026 31 December 2025 30 September 2026 31 December 2025 (Unaudited (Audited) (Unaudited (Audited) but reviewed) (Restated) but reviewed) Liabilities and shareholders' equity Current liabilities Short-term loans from financial institutions 265,000 140,000 - - Trade and other current payables 8 83,574,067 45,230,380 71,519,738 38,632,339 Current portion of long-term loans from financial institutions 99,631 171,255 - - Current portion of lease liabilities 135,607 117,203 48,903 31,854 Income tax payable 356,110 521,262 230,305 286,110 Provision for top-up tax 13 3,437,883 - 3,437,883 - Other current provisions 11 471,516 497,708 468,317 487,763 Derivative liabilities 17.2 252,160 26,107 251,633 25,258 Other current liabilities 9 2,228,009 2,129,083 1,694,402 1,650,190 Total current liabilities 90,819,983 48,832,998 77,651,181 41,113,514 Non-current liabilities Long-term loans from financial institutions, net of current portion 101,657 194,116 - - Long-term loans from related parties 2 456,245 706,246 - - Lease liabilities, net of current portion 208,345 136,933 32,212 46,742 Non-current provision for employee benefits 10 1,787,146 1,667,455 940,208 870,587 Provision for top-up tax 13 3,676,558 3,437,883 3,676,558 3,437,883 Other non-current provisions 11 1,887,291 1,502,107 1,568,060 1,248,945 Deferred tax liabilities 241,059 327,984 - - Other non-current liabilities 519,839 603,163 136,573 211,301 Total non-current liabilities 8,878,140 8,575,887 6,353,611 5,815,458 Total liabilities 99,698,123 57,408,885 84,004,792 46,928,972 The accompanying notes are an integral part of the interim financial statements. Separate financial statementsConsolidated financial statements
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Delta Electronics (Thailand) Public Company Limited and its subsidiaries Statements of financial position (continued) As at 30 September 2026 (Unit: Thousand Baht) Note 30 September 2026 31 December 2025 30 September 2026 31 December 2025 (Unaudited (Audited) (Unaudited (Audited) but reviewed) (Restated) but reviewed) Shareholders' equity Share capital Registered 12,590,000,000 ordinary shares of Baht 0.1 each 1,259,000 1,259,000 1,259,000 1,259,000 Issued and fully paid 12,473,816,140 ordinary shares of Baht 0.1 each 1,247,382 1,247,382 1,247,382 1,247,382 Share premium 1,491,912 1,491,912 1,491,912 1,491,912 Difference from business combination under common control (1,361,184) (1,339,694) - - Retained earnings Appropriated - Statutory reserve 125,900 125,900 125,900 125,900 Unappropriated 116,284,385 100,855,494 113,728,901 96,050,851 Other components of shareholders' equity (4,611,714) (5,654,087) - - Equity attributable to owners of the Company 113,176,681 96,726,907 116,594,095 98,916,045 Equity attributable to shareholders of subsidiary before business combination under common control 6.2.1 - 73,248 - - Total shareholders' equity 113,176,681 96,800,155 116,594,095 98,916,045 Total liabilities and shareholders' equity 212,874,804 154,209,040 200,598,887 145,845,017 - - - - The accompanying notes are an integral part of the interim financial statements. Directors Separate financial statementsConsolidated financial statements
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(Unaudited but reviewed) Delta Electronics (Thailand) Public Company Limited and its subsidiaries Statements of comprehensive income For the three-month period ended 30 September 2026 (Unit: Thousand Baht, except basic earnings per share expressed in Baht) Consolidated financial statements Separate financial statements Note 2026 2025 2026 2025 (Restated) Profit or loss: Sales 74,376,916 52,371,937 72,381,773 46,088,358 Service income 1,424,270 859,121 49,165 93,174 Cost of sales (53,936,722) (37,505,374) (52,008,972) (32,318,175) Cost of services (1,167,053) (643,016) (39,064) (92,194) Gross profit 20,697,411 15,082,668 20,382,902 13,771,163 Gain on exchange 502,622 164,585 597,998 180,114 Compensation for contract decommitment 275,053 999,721 271,302 979,272 Royalty income 2 378,311 94,984 378,311 94,984 Other income 321,671 166,732 254,792 126,427 Selling and distribution expenses 16.2.1 (9,325,093) (5,025,857) (8,261,181) (4,600,434) Administrative expenses (1,148,567) (900,984) (659,317) (477,326) Research and development expenses 16.2.2 (2,372,069) (1,656,582) (2,810,777) (1,639,933) Impairment loss on assets (89,166) (114,532) (89,166) - Other expenses (48,523) (125,455) (17,881) (75,309) Operating profit 9,191,650 8,685,280 10,046,983 8,358,958 Share of profit (loss) from investments in associates (240) 355 - - Finance income 68,137 46,663 30,428 18,661 Finance cost (9,459) (6,652) (923) (373) Profit before income tax expenses 9,250,088 8,725,646 10,076,488 8,377,246 Income tax expenses 13 (1,492,681) (1,289,044) (1,397,171) (1,187,119) Profit for the period 7,757,407 7,436,602 8,679,317 7,190,127 The accompanying notes are an integral part of the interim financial statements.
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(Unaudited but reviewed) Delta Electronics (Thailand) Public Company Limited and its subsidiaries Statements of comprehensive income (continued) For the three-month period ended 30 September 2026 (Unit: Thousand Baht, except basic earnings per share expressed in Baht) Consolidated financial statements Separate financial statements Note 2026 2025 2026 2025 (Restated) Other comprehensive income: Other comprehensive income to be reclassified to profit or loss in subsequent periods: Exchange differences on translation of financial statements in foreign currency 2,553 (682,093) - - Other comprehensive income to be reclassified to profit or loss in subsequent periods 2,553 (682,093) - - Other comprehensive income for the period 2,553 (682,093) - - Total comprehensive income for the period 7,759,960 6,754,509 8,679,317 7,190,127 Profit attributable to: Equity holders of the Company 7,757,407 7,441,375 8,679,317 7,190,127 Shareholders of subsidiary before business combination under common control 6.2.1 - (4,773) 7,757,407 7,436,602 Total comprehensive income attributable to: Equity holders of the Company 7,759,960 6,759,282 8,679,317 7,190,127 Shareholders of subsidiary before business combination under common control 6.2.1 - (4,773) 7,759,960 6,754,509 Earnings per share 14 Basic earnings per share Profit attributable to equity holders of the Company 0.62 0.60 0.70 0.58 The accompanying notes are an integral part of the interim financial statements.
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(Unaudited but reviewed) Delta Electronics (Thailand) Public Company Limited and its subsidiaries Statements of comprehensive income For the nine-month period ended 30 September 2026 (Unit: Thousand Baht, except basic earnings per share expressed in Baht) Consolidated financial statements Separate financial statements Note 2026 2025 2026 2025 (Restated) Profit or loss: Sales 198,793,264 137,890,779 188,981,462 122,713,454 Service income 3,585,534 2,591,230 186,080 175,024 Cost of sales (142,003,035) (101,408,746) (131,356,489) (88,144,477) Cost of services (2,744,126) (1,948,804) (156,890) (149,081) Gross profit 57,631,637 37,124,459 57,654,163 34,594,920 Gain on exchange 1,346,742 500,764 1,435,216 516,237 Compensation for contract decommitment 718,223 1,226,396 697,547 1,198,358 Royalty income 2 1,027,403 94,984 1,027,403 94,984 Other income 802,504 468,588 577,805 356,618 Selling and distribution expenses 16.2.1 (24,396,321) (11,935,612) (23,164,947) (10,692,184) Administrative expenses (3,100,979) (2,535,094) (1,617,339) (1,231,782) Research and development expenses 16.2.2 (6,477,815) (4,357,833) (7,200,327) (4,460,506) Impairment loss on assets (376,894) (114,532) (376,894) - Impairment loss on goodwill (207,213) - - - Other expenses (87,418) (236,811) (34,780) (98,675) Operating profit 26,879,869 20,235,309 28,997,847 20,277,970 Share of profit from investments in associates 606 626 - - Finance income 243,632 196,869 155,660 118,742 Finance cost (27,830) (37,635) (4,984) (581) Profit before income tax expenses 27,096,277 20,395,169 29,148,523 20,396,131 Income tax expenses 13 (4,183,096) (2,842,166) (3,986,183) (2,710,729) Profit for the period 22,913,181 17,553,003 25,162,340 17,685,402 The accompanying notes are an integral part of the interim financial statements.
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(Unaudited but reviewed) Delta Electronics (Thailand) Public Company Limited and its subsidiaries Statements of comprehensive income (continued) For the nine-month period ended 30 September 2026 (Unit: Thousand Baht, except basic earnings per share expressed in Baht) Consolidated financial statements Separate financial statements Note 2026 2025 2026 2025 (Restated) Other comprehensive income: Other comprehensive income to be reclassified to profit or loss in subsequent periods: Exchange differences on translation of financial statements in foreign currency 1,042,373 (987,818) - - Other comprehensive income to be reclassified to profit or loss in subsequent periods 1,042,373 (987,818) - - Other comprehensive income for the period 1,042,373 (987,818) - - Total comprehensive income for the period 23,955,554 16,565,185 25,162,340 17,685,402 Profit attributable to: Equity holders of the Company 22,913,181 17,558,557 25,162,340 17,685,402 Shareholders of subsidiary before business combination under common control 6.2.1 - (5,554) 22,913,181 17,553,003 Total comprehensive income attributable to: Equity holders of the Company 23,955,554 16,570,739 25,162,340 17,685,402 Shareholders of subsidiary before business combination under common control 6.2.1 - (5,554) 23,955,554 16,565,185 Earnings per share 14 Basic earnings per share Profit attributable to equity holders of the Company 1.84 1.41 2.02 1.42 The accompanying notes are an integral part of the interim financial statements.
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For the nine-month period ended 30 September 2026 (Unit: Thousand Baht) Equity attributable Other comprehensive income to shareholders of Exchange differences Total equity subsidiary before Issued and Difference from business on translation of Total other attributable to business Total fully paid combination under financial statements components of owners of combination under shareholders' Note share capital Share premium common control Appropriated Unappropriated in foreign currency shareholders' equity the Company common control equity Balance as at 1 January 2025 1,247,382 1,491,912 (1,339,694) 125,900 81,834,974 (3,418,661) (3,418,661) 79,941,813 - 79,941,813 Cumulative effect of business combination under common control 6.2.1 - - - - - - - - 76,375 76,375 Balance as at 1 January 2025 - as restated 1,247,382 1,491,912 (1,339,694) 125,900 81,834,974 (3,418,661) (3,418,661) 79,941,813 76,375 80,018,188 Profit for the period - restated - - - - 17,558,557 - - 17,558,557 (5,554) 17,553,003 Other comprehensive income for the period - restated - - - - - (987,818) (987,818) (987,818) - (987,818) Total comprehensive income for the period - restated - - - - 17,558,557 (987,818) (987,818) 16,570,739 (5,554) 16,565,185 Dividend paid 12 - - - - (5,737,955) - - (5,737,955) - (5,737,955) Balance as at 30 September 2025 - as restated 1,247,382 1,491,912 (1,339,694) 125,900 93,655,576 (4,406,479) (4,406,479) 90,774,597 70,821 90,845,418 The accompanying notes are an integral part of the interim financial statements. Other components of shareholders' equity Retained earnings Equity attributable to shareholders of the Company (Unaudited but reviewed) Delta Electronics (Thailand) Public Company Limited and its subsidiaries Statements of changes in shareholders' equity Consolidated financial statements
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For the nine-month period ended 30 September 2026 (Unit: Thousand Baht) Equity attributable Other comprehensive income to shareholders of Exchange differences Total equity subsidiary before Issued and Difference from business on translation of Total other attributable to business Total fully paid combination under financial statements components of owners of combination under shareholders' Note share capital Share premium common control Appropriated Unappropriated in foreign currency shareholders' equity the Company common control equity Balance as at 1 January 2026 1,247,382 1,491,912 (1,339,694) 125,900 100,855,494 (5,654,087) (5,654,087) 96,726,907 - 96,726,907 Cumulative effect of business combination under common control 6.2.1 - - - - - - - - 73,248 73,248 Balance as at 1 January 2026 - as restated 1,247,382 1,491,912 (1,339,694) 125,900 100,855,494 (5,654,087) (5,654,087) 96,726,907 73,248 96,800,155 Profit for the period - - - - 22,913,181 - - 22,913,181 - 22,913,181 Other comprehensive income for the period - - - - - 1,042,373 1,042,373 1,042,373 - 1,042,373 Total comprehensive income for the period - - - - 22,913,181 1,042,373 1,042,373 23,955,554 - 23,955,554 Acquisition cost of business combination under common control 6.2.1 - - (94,738) - - - - (94,738) - (94,738) Attributable net book value from business combination under common control 6.2.1 - - 73,248 - - - - 73,248 (73,248) - Dividend paid 12 - - - - (7,484,290) - - (7,484,290) - (7,484,290) Balance as at 30 September 2026 1,247,382 1,491,912 (1,361,184) 125,900 116,284,385 (4,611,714) (4,611,714) 113,176,681 - 113,176,681 - The accompanying notes are an integral part of the interim financial statements. Retained earnings (Unaudited but reviewed) Consolidated financial statements Other components of shareholders' equity Delta Electronics (Thailand) Public Company Limited and its subsidiaries Statements of changes in shareholders' equity (continued) Equity attributable to shareholders of the Company
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(Unaudited but reviewed) Delta Electronics (Thailand) Public Company Limited and its subsidiaries Statements of changes in shareholders' equity (continued) For the nine-month period ended 30 September 2026 (Unit: Thousand Baht) Issued and Total fully paid shareholders' Note share capital Share premium Appropriated Unappropriated equity Balance as at 1 January 2025 1,247,382 1,491,912 125,900 77,385,591 80,250,785 Profit for the period - - - 17,685,402 17,685,402 Other comprehensive income for the period - - - - - Total comprehensive income for the period - - - 17,685,402 17,685,402 Dividend paid 12 - - - (5,737,955) (5,737,955) Balance as at 30 September 2025 1,247,382 1,491,912 125,900 89,333,038 92,198,232 Balance as at 1 January 2026 1,247,382 1,491,912 125,900 96,050,851 98,916,045 Profit for the period - - - 25,162,340 25,162,340 Other comprehensive income for the period - - - - - Total comprehensive income for the period - - - 25,162,340 25,162,340 Dividend paid 12 - - - (7,484,290) (7,484,290) Balance as at 30 September 2026 1,247,382 1,491,912 125,900 113,728,901 116,594,095 - The accompanying notes are an integral part of the interim financial statements. Separate financial statements Retained earnings
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(Unaudited but reviewed) Delta Electronics (Thailand) Public Company Limited and its subsidiaries Cash flow statements For the nine-month period ended 30 September 2026 (Unit: Thousand Baht) Consolidated financial statements Separate financial statements 2026 2025 2026 2025 (Restated) Cash flows from operating activities: Profit before tax 27,096,277 20,395,169 29,148,523 20,396,131 Adjustments to reconcile profit before tax to net cash provided by (paid from) operating activities: Depreciation 7,719,228 5,813,462 6,441,953 4,742,576 Amortisation 44,550 51,306 7,891 8,105 Recording of allowance for expected credit losses (reversal) 176,509 82,520 84,461 (49,810) Reduction of inventory to net realisable value 3,664,180 766,550 1,863,540 576,405 Reversal of the reduction to net realisable value of the written-off damaged and obsolete inventories (859,035) (1,076,576) (410,735) (963,269) Provisions 708,150 467,664 569,708 391,548 Provision for employee benefits 177,667 114,918 81,477 68,586 (Gain) loss from disposal/write-off of property, plant and equipment 100 9,934 (1,229) 15,497 Impairment loss on assets 376,894 114,532 376,894 - Impairment loss on goodwill 207,213 - - - Share of profit from investments in associates (606) (626) - - Unrealised gain on exchange (657,482) (386,048) (631,954) (394,337) (Gain) loss on fair value valuation of derivative instruments 595,295 (250,364) 605,759 (251,177) Finance income (243,632) (196,869) (155,660) (118,742) Finance cost 27,830 37,635 4,984 581 Profit from operating activities before changes in operating assets and liabilities 39,033,138 25,943,207 37,985,612 24,422,094 Decrease (increase) in operating assets: Trade and other current receivables (19,922,098) (14,047,292) (19,510,851) (14,121,623) Inventories (37,047,619) (877,180) (28,801,516) 582,116 Other current assets (528,386) (714,545) (626,622) (589,043) Other non-current assets (20,786) (323,976) (8,549) (13,063) Increase (decrease) in operating liabilities: Trade and other current payables 34,884,445 6,033,464 30,044,685 5,204,055 Other current liabilities 33,819 310,032 10,761 49,431 Cash paid for provisions (353,637) (371,867) (285,967) (273,714) Cash paid for employee benefits (72,006) (57,855) (11,856) (19,425) Other non-current liabilities (83,001) 667,764 (74,729) 565,913 Cash flows from operating activities 15,923,869 16,561,752 18,720,968 15,806,741 Cash received from interest income 215,196 161,330 121,662 85,246 Cash paid for interest expenses (16,806) (20,765) (3,195) - Cash paid for corporate income tax (693,840) (567,462) (459,783) (310,675) Net cash flows from operating activities 15,428,419 16,134,855 18,379,652 15,581,312 The accompanying notes are an integral part of the interim financial statements.
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(Unaudited but reviewed) Delta Electronics (Thailand) Public Company Limited and its subsidiaries Cash flow statements (continued) For the nine-month period ended 30 September 2026 (Unit: Thousand Baht) Consolidated financial statements Separate financial statements 2026 2025 2026 2025 (Restated) Cash flows from investing activities: (Increase) decrease in restricted bank deposits 150,778 (395,342) - - Increase in short-term loans to related party (9,000) - - - Increase in investments in subsidiary - - (971,581) (2,177,321) Increase in investments in associated companies (900) (1,000) (900) (1,000) Net cash paid for purchase of investment in subsidiary under common control (54,568) - - - Increase in advances to contractors and for acquisitions of assets (1,091,250) (272,518) (945,786) (295,466) Acquisition of property, plant and equipment (16,576,259) (10,799,380) (15,426,763) (7,975,603) Cash paid to others payable for purchase of plant and equipment (3,151,774) (1,324,130) (2,884,181) (1,281,734) Proceeds from disposal of plant and equipment 88,307 88,046 2,465 - Acquisition of investment properties (74,710) (2,732) - - Acquisition of other intangible assets (23,491) (14,962) (3,603) (4,551) Net cash flows used in investing activities (20,742,867) (12,722,018) (20,230,349) (11,735,675) Cash flows from financing activities: Cash receipt from short-term loans from financial institutions 10,766,592 30,000 10,191,592 - Repayment of short-term loans from financial institutions (10,641,592) (97,200) (10,191,592) - Cash receipt from short-term loans from related party - 50,000 - - Repayment of short-term loans from related party - (50,000) - - Cash receipt from long-term loans from financial institutions - 396,643 - - Repayment of long-term loans from financial institutions (74,723) - - - Repayment of long-term loans from related party (266,143) - - - Repayment of liabilities under lease agreements (114,565) (96,246) (34,754) (24,984) Dividend paid (7,484,290) (5,737,955) (7,484,290) (5,737,955) Net cash flow used in financing activities (7,814,721) (5,504,758) (7,519,044) (5,762,939) Increase (decrease) in translation adjustments 925,512 (435,016) - - Net decrease in cash and cash equivalents before effect from currency translation (12,203,657) (2,526,937) (9,369,741) (1,917,302) Effect from currency translation of cash and cash equivalents (46,868) 191,601 (58,024) 121,701 Net decrease in cash and cash equivalents (12,250,525) (2,335,336) (9,427,765) (1,795,601) Cash and cash equivalents at beginning of period 20,328,245 15,784,568 13,033,536 9,790,790 Cash and cash equivalents at end of period 8,077,720 13,449,232 3,605,771 7,995,189 - - - - Supplemental disclosures of cash flows information Non-cash transaction Additions to right-of-use assets and lease liabilities 190,440 160,170 35,484 85,471 Increase in others payable from purchase of plant and equipment 5,444,676 2,242,994 4,589,558 2,096,878 Transfer from property and plant to investment properties 108,896 - - - The accompanying notes are an integral part of the interim financial statements.
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(Unaudited but reviewed) 1 Delta Electronics (Thailand) Public Company Limited and its subsidiaries Condensed notes to interim financial statements For the three-month and nine-month periods ended 30 September 2026 1. General information 1.1 Basis of preparation of interim financial statements These interim financial statements are prepared in accordance with Thai Accounting Standard No. 34 Interim Financial Reporting, with the Company present ing condensed interim financial statements. The Company has presented the statements of financial position, comprehensive income, changes in shareholders' equity, and cash flows in the same format as that used for the annual financial statements and has presented notes to the interim financial statements on a condensed basis. The interim financial statements are intended to provide information additional to that included in the latest annual financial statements. Accordingly, they focus on new activities, events and circumstances so as not to duplicate information previously reported. These interim financial statements should therefore be read in conjunct ion with the latest annual financial statements. The interim financial statements in Thai language are the official statutory financial statements of the Company. The interim financial statements in English language have been translated from the Thai language interim financial statements. 1.2 Basis of consolidation The interim consolidated financial statements include the financial statements of Delta Electronics (Thailand) Public Company Limited (“the Company”) and its subsidiar ies (“the subsidiaries”) (collectively as “the Group”) and have been prepared on the same basis as that applied for the consolidated financial statements for the year ended 31 December 2025. However, during the current period, there were changes in the composition of the Group as described in Note 6.2 to the financial statements. 1.3 Accounting policies The interim financial statements are prepared using the same accounting policies and methods of computation as those applied in the financial statements for the year ended 31 December 2025. The revised financial reporting standards that became effective for annual reporting periods beginning on or after 1 January 2026 do not have any significant impact on the Group’s financial statements.
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(Unaudited but reviewed) 2 In addition, the Federation of Accounting Professions has issued new and revised financial reporting standards which will become effective in the future. The standard involving changes to key principles is summarised below: TFRS 18 Presentation and Disclosure in Financial Statements TFRS 18 will become effective for annual reporting periods beginning on or after 1 January 2028 and supersedes TAS 1, Presentation of Financial Statements. The standard introduces new requirements for classifying income and expenses into categories and presenting subtotals in the statement of profit or loss. It also requires disclosures of management-defined performance measures and includes new requirements for the aggregation and disaggregation of financial information. The management of the Group is currently evaluating the impact of this standard on the financial statements in the year of initial adoption. 2. Related party transactions During the period, the Group had significant business transactions with related parties. Such transactions, which are summarised below, arose in the ordinary course of business. There were no significant changes in the transfer pricing policy of transactions with related parties during the current period. Summaries of significant business transactions with related parties are as follows. (Unit: Million Baht) For the three-month periods ended 30 September Consolidated financial statements Separate financial statements 2026 2025 2026 2025 Transactions with the parent company Sales of goods and raw materials 3,385 691 3,384 687 Purchase of goods and raw materials 1,095 1,113 200 638 Purchase of equipment 10 38 8 105 Royalty paid (Note 16.2.1) 5,614 2,784 5,614 2,784 Services paid 40 38 40 38 Transactions with subsidiary companies (eliminated from the consolidated financial statements) Sales of goods and raw materials - - 30,841 20,398 Purchase of goods and raw materials - - 384 988 Purchase of equipment - - 32 46 Commission paid - - 206 172 Design and engineering fee paid (Note 16.2.2) - - 1,070 599
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(Unaudited but reviewed) 3 (Unit: Million Baht) For the three-month periods ended 30 September Consolidated financial statements Separate financial statements 2026 2025 2026 2025 Transactions with associated companies Purchase of goods and raw materials 67 80 67 80 Transactions with related companies Sales of goods and raw materials 8,775 6,914 5,934 3,732 Purchase of goods and raw materials 5,954 5,515 4,314 4,388 Purchase of equipment 755 922 740 840 Commission received 146 138 - - Services income 70 49 - - Royalty income 378 95 378 95 Commission paid 491 299 478 293 Design and engineering fee paid (Note 16.2.2) 713 403 700 396 (Unit: Million Baht) For the nine-month periods ended 30 September Consolidated financial statements Separate financial statements 2026 2025 2026 2025 Transactions with the parent company Sales of goods and raw materials 4,509 1,675 4,504 1,663 Purchase of goods and raw materials 3,176 1,839 547 655 Purchase of equipment 292 300 181 262 Royalty paid (Note 16.2.1) 14,735 6,598 14,735 6,598 Services paid 124 102 124 102 Transactions with subsidiary companies (eliminated from the consolidated financial statements) Sales of goods and raw materials - - 81,849 48,050 Purchase of goods and raw materials - - 1,394 1,893 Purchase of equipment - - 176 180 Commission paid - - 449 530 Design and engineering fee paid (Note 16.2.2) - - 2,645 1,582 Transactions with associated companies Purchase of goods and raw materials 258 203 258 203
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(Unaudited but reviewed) 4 (Unit: Million Baht) For the nine-month periods ended 30 September Consolidated financial statements Separate financial statements 2026 2025 2026 2025 Transactions with related companies Sales of goods and raw materials 22,047 18,586 14,039 9,533 Purchase of goods and raw materials 14,543 12,550 10,565 9,123 Purchase of equipment 2,937 1,937 2,815 1,776 Commission received 407 299 - - Services income 155 178 - - Royalty income 1,027 95 1,027 95 Commission paid 1,391 835 1,365 812 Design and engineering fee paid (Note 16.2.2) 1,935 1,123 1,897 1,102 The balances of the accounts between the Group and those related companies are as follows: (Unit: Million Baht) Consolidated financial statements Separate financial statements 30 September 2026 31 December 2025 30 September 2026 31 December 2025 (Audited) (Audited) Trade receivables - related parties (Note 3) Parent company 3,318 1,075 3,309 1,053 Subsidiary companies - - 37,934 28,534 Related companies (common shareholders) 9,498 7,382 6,090 4,047 Total trade receivables - related parties 12,816 8,457 47,333 33,634 Other current receivables - related parties (Note 3) Subsidiary companies - - 7 11 Related companies (common shareholders) 176 272 174 260 Total other current receivables - related parties 176 272 181 271 Amounts due from related parties (Note 3) Subsidiary companies - - 1 1 Total amounts due from related parties - - 1 1
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(Unaudited but reviewed) 5 (Unit: Million Baht) Consolidated financial statements Separate financial statements 30 September 2026 31 December 2025 30 September 2026 31 December 2025 (Audited) (Audited) Trade payables - related parties (Note 8) Parent company 1,160 646 210 318 Subsidiary companies - - 399 405 Associated companies 14 31 14 31 Related companies (common shareholders) 6,755 3,123 4,650 1,570 Total trade payables - related parties 7,929 3,800 5,273 2,324 Other current payables - related parties (Note 8) Parent company 3,062 1,278 2,955 1,269 Subsidiary companies - - 756 442 Related companies (common shareholders) 1,484 1,722 1,440 1,722 Total other current payables - related parties 4,546 3,000 5,151 3,433 Accrued expenses - related parties (Note 8) Parent company 833 361 833 361 Related companies (common shareholders) 9 165 - 159 Total accrued expenses - related parties 842 526 833 520 Short-term loans to related party (Unit: Million Baht) Consolidated financial statements Short-term loans Balance as at 1 January 2026 Increase during the period Balance as at 30 September 2026 (Restated) Related company (common shareholders) - ACT Genomics (Thailand) Company Limited 7 9 16 Total short-term loan to related party 7 9 16 Short-term loan to ACT Genomics (Thailand) Company Limited, carries interest at a rate of 2.80 percent per annum, payable every three months. The principal amount is due for repayment within 1 year from the date the loan is granted.
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(Unaudited but reviewed) 6 Long-term loans from related parties (Unit: Million Baht) Consolidated financial statements Long-term loans Balance as at 1 January 2026 Repayment during the period Translation adjustment Balance as at 30 September 2026 Related company (common shareholders) - Eltek Norway AS (formerly known as “Eltek AS”) 334 (266) 8 76 - Delta International Holding Limited B.V. 372 - 8 380 Total long-term loans from related parties 706 (266) 16 456 Long-term loans from Eltek Norway AS (formerly known as “Eltek AS”), which are unsecured, carry interest at a rate of EURIBOR + 0.50 percent per annum, payable every three months. The principal amount of EUR 2 million, or approximately Baht 76 million, is due for repayment in October 2027. Long-term loan from Delta International Holding Limited B.V., which is unsecured, carries interest at a rate of 4.45 percent per annum, payable every three months. The principal amount of EUR 10 million, or approximately Baht 380 million, is due for repayment in August 2029. Directors and management’s benefits (Unit: Million Baht) For the three-month periods ended 30 September Consolidated financial statements Separate financial statements 2026 2025 2026 2025 Short-term employee benefits 53 40 35 35 Post-employment benefits 4 3 3 3 Total 57 43 38 38 (Unit: Million Baht) For the nine-month periods ended 30 September Consolidated financial statements Separate financial statements 2026 2025 2026 2025 Short-term employee benefits 177 142 114 94 Post-employment benefits 12 9 11 9 Total 189 151 125 103
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(Unaudited but reviewed) 7 3. Trade and other current receivables (Unit: Million Baht) Consolidated financial statements Separate financial statements 30 September 2026 31 December 2025 30 September 2026 31 December 2025 (Audited) (Audited) (Restated) Trade receivables, related parties (Note 2) Aged on the basis of due dates Not yet due 12,597 8,074 46,648 31,690 Past due Up to 3 months 194 366 651 1,923 3 - 6 months 17 8 17 10 6 - 12 months 6 8 16 10 Over 12 months 2 1 1 1 Total 12,816 8,457 47,333 33,634 Trade receivables, unrelated parties Aged on the basis of due dates Not yet due 45,290 31,206 22,300 14,470 Past due Up to 3 months 7,050 4,224 1,971 1,571 3 - 6 months 616 243 423 160 6 - 12 months 221 43 116 6 Over 12 months 17 42 - - Total 53,194 35,758 24,810 16,207 Total trade receivables 66,010 44,215 72,143 49,841 Less: Allowance for expected credit losses (468) (297) (263) (179) Total trade receivables - net 65,542 43,918 71,880 49,662 Other current receivables Amounts due from related parties (Note 2) - - 1 1 Other current receivables - related parties (Note 2) 176 272 181 271 Other current receivables - unrelated parties 1,751 1,775 699 1,474 Interest receivables - unrelated parties 38 1 34 - Total other current receivables 1,965 2,048 915 1,746 Trade and other current receivables - net 67,507 45,966 72,795 51,408
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(Unaudited but reviewed) 8 4. Inventories (Unit: Million Baht) Consolidated financial statements Separate financial statements 30 September 2026 31 December 2025 30 September 2026 31 December 2025 (Audited) (Audited) Inventories - cost 76,574 39,526 55,144 26,342 Reduce cost to net realisable value (7,624) (4,795) (4,047) (2,593) Inventories - net 68,950 34,731 51,097 23,749 Movements in the reduce cost to net realisable value of inventory account are summarised below. (Unit: Million Baht) Consolidated financial statements Separate financial statements Balance as at 1 January 2026 (4,795) (2,593) Increase during the period (3,747) (1,864) Reversal of the reduction to net realisable value of the written off damaged and obsolete inventories during the period 859 411 Reversal during the period 83 - Translation adjustment (24) - Balance as at 30 September 2026 (7,624) (4,047) 5. Other current assets (Unit: Million Baht) Consolidated financial statements Separate financial statements 30 September 2026 31 December 2025 30 September 2026 31 December 2025 (Audited) (Audited) (Restated) Input tax refundable 2,521 1,820 1,694 1,138 Advance payments 114 311 23 5 Prepaid expenses 634 481 67 58 Prepaid tax 237 75 100 6 Others 15 32 9 15 Total other current assets 3,521 2,719 1,893 1,222
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(Unaudited but reviewed) 9 6. Investments in subsidiaries 6.1 Details of investments in subsidiaries as presented in separate financial statements (Unit: Million Baht) Company’s name Paid-up capital Cost Foreign currency 30 September 2026 31 December 2025 30 September 2026 31 December 2025 (Million) (Million) (Audited) DET International Holding B.V. USD 288 288 10,249 10,249 Delta Green Industrial (Thailand) Company Limited THB 206 206 206 206 Delta Energy Systems (Singapore) Pte. Ltd. USD 374 345 12,530 11,560 Delta Electronics (Vietnam) Company Limited USD 0.1 0.1 3 3 Delta Electronics India Manufacturing Private Limited INR 4,153 4,153 1,739 1,739 PT Delta Electronics Indonesia IDR 10,000 10,000 21 21 Delta Electronics Philippines Inc. PHP 15 12 9 7 Subtotal 24,757 23,785 Less: Allowance for impairment loss of investments in subsidiaries (1,324) (1,324) Total investments in subsidiaries - net 23,433 22,461 No dividend was received from the above subsidiar ies during the three- month and nine-month periods ended 30 September 2026 and 2025. 6.2 Significant events during the current period 6.2.1 Subsidiaries directly owned by the Company a) Purchase of investment in the subsidiary On 1 January 2026, Delta Electronics Int’l (Singapore) Pte. Ltd. (the Company’s major shareholder) sold its 100% interest in Eltek Power Company Limited to two subsidiary companies: (1) 99.9975% to Delta Green Industrial (Thailand) Co., Ltd. and (2) 0.0025% to Delta Energy Systems (Singapore) Pte. Ltd. for a total consideration of approximately Baht 94.7 million. Both subsidiaries completed the payment for this investment on 22 January 2026.
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(Unaudited but reviewed) 10 The above purchase of investment in the subsidiary is considered to be a business combination under common control . The difference between the cost of this business combination under common control and the net book value of the assets of Eltek Power Company Limited, amounting to approximately Baht 21.5 million, was therefore recorded as “Difference from business combination under common control” and separately presented in the consolidated statements of changes in shareholders’ equity. The net book values of assets and liabilities as at 1 January 2026 (acquisition date) and the cash payment made to purchase the investment in Eltek Power Company Limited are as follows: (Unit: Million Baht) Consolidated financial statements Net book values of assets and liabilities as at the acquisition date Cash and cash equivalents 40.2 Trade and other current receivables 29.7 Short-term loans to related party 7.0 Other current assets 0.4 Other non-current assets 0.8 Trade and other current payables (1.9) Other current liabilities (0.2) Non-current provision for employee benefits (2.8) Total net assets 73.2 Plus: Difference from business combination under common control 21.5 Cash payment for purchase of investment in subsidiary 94.7 Less: Cash and cash equivalents of the subsidiary (40.2) Net cash paid for purchase of investment in subsidiary 54.5
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(Unaudited but reviewed) 11 As the acquisition of Eltek Power Company Limited is a business combination under common control, the Company has treated Eltek Power Company Limited as if it had been a subsidiary of the Company since it was established. Accordingly, the Company has restated the consolidated statements of financial position as at 31 December 2025, and the related consolidated statements of comprehensive income for the three- month and nine-month periods ended 30 September 2025, and the consolidated statements of changes in shareholders’ equity and cash flows for the nine-month period then ended for comparative purposes. The amounts of restatement affecting the consolidated statements of financial position as at 31 December 2025 were summarised below. (Unit: Million Baht) Consolidated financial statements Increase from restatement Assets Cash and cash equivalents 40.2 Trade and other current receivables 29.7 Short-term loans to related party 7.0 Other current assets 0.4 Other non-current assets 0.8 Liabilities Trade and other current payables 1.9 Other current liabilities 0.2 Non-current provision for employee benefits 2.8 Shareholders' equity Equity attributable to shareholders of subsidiary before business combination under common control 73.2
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(Unaudited but reviewed) 12 The amounts of restatement affecting the consolidated statement s of comprehensive income for the three-month and nine- month periods ended 30 September 2025 were summarised below. (Unit: Million Baht) Consolidated financial statements Increase (decrease) from restatement For the three- month period For the nine- month period Profit or loss: Sales 17.1 42.3 Cost of sales (19.4) (38.6) Gross profit (2.3) 3.7 Selling and distribution expenses (2.2) (7.9) Administrative expenses (0.7) (2.0) Finance income 0.3 0.7 Income tax 0.2 - Loss for the period (4.7) (5.5) Other comprehensive income: Other comprehensive income for the period - - Total comprehensive income for the period (4.7) (5.5) Loss attributable to: Shareholders of subsidiary before business combination under common control (4.7) (5.5) Total comprehensive income attributable to: Shareholders of subsidiary before business combination under common control (4.7) (5.5) The amounts of restatement affecting the consolidated statements of cash flows for the nine-month period ended 30 September 2025 were summarised below. (Unit: Million Baht) Consolidated financial statements Increase (decrease) from restatement Net cash flows from operating activities 28.5 Net cash flows from investing activities 0.5 Net cash flow used in financing activities (0.1)
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(Unaudited but reviewed) 13 b) Transfer of business from a subsidiary On 8 April 2026, the 2026 Annual General Meeting of the Company’s shareholders approved the Group’s restructuring plan, under which the Company will acquire Delta Green Industrial (Thailand) Company Limited, a wholly owned subsidiary. The consideration for the business transfer will be determined based on its fair value, as assessed by an independent valuer. The business transfer is expected to be completed within 2026. c) Additional investment in subsidiaries - On 27 April 2026, a meeting of the Company’s Board of Directors passed a resolution to increase the Company’s investment in Delta Energy Systems (Singapore) Pte. Ltd. by USD 29.5 million, or approximately Baht 970 million, to enable the latter to invest in Delta Electronics India Pvt. Ltd. to support the expansion of production and provide working capital for operations . The Company made this additional investment during the second quarter of the current year. - On 28 April 2026, a meeting of the Company’s Executive Committ ee passed a resolution to increase the Company’s investment in Delta Electronics Philippines Inc. by PHP 3.2 million, or approximately Baht 2 million, to support its operations and business expansion. The Company made this additional investment during the second quarter of the current year. The above additional investment had no impact on the investment structure of the Group. 6.2.2 Subsidiaries indirectly owned by the Company a) Dissolution of subsidiaries - Delta Energy Systems (India) Pvt. Ltd., a subsidiary indirectly held 100% by the Company, has registered its dissolution and completed the liquidation process. It is currently undergoing the final legal formalities required under Indian regulations. - Delta Electronics (Hungary) Kft., a subsidiary 100% indirectly held by the Company, registered its dissolution and completed the liquidation process in the first quarter during the current year. - Delta Energy Systems LLC , a subsidiary 100% indirectly held by the Company, registered its dissolution and completed the liquidation process in the current quarter. b) Additional investment in subsidiary company On 13 February 2026, a meeting of the Company’s Board of Directors approved an additional investment by Delta Energy Systems (Germany) GmbH, a subsidiary indirectly held by the Company, in Delta Energy Systems Mobility (Germany) GmbH by EUR 15.5 million, or approximately Baht 583 million, for the purpose of supporting capital expenditures and providing working capital for business operations. The subsidiary made this additional investment in the first quarter of the current year. The above additional investment had no impact on the investment structure of the Group.
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(Unaudited but reviewed) 14 7. Property, plant and equipment Movements of the property, plant and equipment account are summarised below. (Unit: Million Baht) Consolidated financial statements Separate financial statements Net book value as at 1 January 2026 45,688 31,742 Acquisitions during period - cost 22,021 20,016 Transfers to investment properties - net book value (88) - Disposals/write-off during period - net book value at disposal/write-off date (109) - Depreciation for the period (7,604) (6,410) Impairment loss during the period (377) (377) Translation adjustment 55 - Net book value as at 30 September 2026 59,586 44,971 8. Trade and other current payables (Unit: Million Baht) Consolidated financial statements Separate financial statements 30 September 2026 31 December 2025 30 September 2026 31 December 2025 (Audited) (Audited) (Restated) Trade payables - related parties (Note 2) 7,929 3,800 5,273 2,324 Trade payables - unrelated parties 48,308 27,916 45,273 25,600 Other current payables - related parties (Note 2) 4,546 3,000 5,151 3,433 Other current payables - unrelated parties 6,837 3,282 6,502 2,467 Accrued expenses - related parties (Note 2) 842 526 833 520 Accrued expenses - unrelated parties 7,786 4,231 6,172 3,084 Advance received - unrelated parties 7,326 2,475 2,316 1,204 Total trade and other current payables 83,574 45,230 71,520 38,632
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(Unaudited but reviewed) 15 9. Other current liabilities (Unit: Million Baht) Consolidated financial statements Separate financial statements 30 September 2026 31 December 2025 30 September 2026 31 December 2025 (Audited) (Audited) (Restated) Withholding tax payable 281 493 231 432 Value added tax payable 712 186 349 30 Advance received from compensation for contract decommitment 429 339 429 339 Construction retention 642 794 642 794 Others 164 317 43 55 Total other current liabilities 2,228 2,129 1,694 1,650 10. Non-current provision for employee benefits Movements of the non-current provision for employee benefits account are summarised below. (Unit: Million Baht) Consolidated financial statements Separate financial statements Balance as at 1 January 2026 - as restated (1,667) (871) Recognition during the period (178) (81) Paid during the period 72 12 Translation adjustment (14) - Balance as at 30 September 2026 (1,787) (940)
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(Unaudited but reviewed) 16 11. Provisions (Unit: Million Baht) Consolidated financial statements Separate financial statements Other Warranty provisions Total Warranty Total Balance as at 1 January 2026 1,991 9 2,000 1,737 1,737 Recognition during the period 841 22 863 583 583 Paid during the period (336) (18) (354) (286) (286) Reversal during the period (146) (9) (155) (13) (13) Translation adjustment/unrealised loss on exchange rate 5 - 5 15 15 Balance as at 30 September 2026 2,355 4 2,359 2,036 2,036 Other current provisions 489 9 498 488 488 Other non-current provisions 1,502 - 1,502 1,249 1,249 Balance as at 31 December 2025 (Audited) 1,991 9 2,000 1,737 1,737 Other current provisions 468 4 472 468 468 Other non-current provisions 1,887 - 1,887 1,568 1,568 Balance as at 30 September 2026 2,355 4 2,359 2,036 2,036 Warranty The Group recognised a provision for the expected warranty claims on products based on past experience of the level of repairs and returns with current sales for each type of products under current warranty.
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(Unaudited but reviewed) 17 12. Dividends Dividends declared in 2026 and 2025 consisted of the following: Dividends Approved by Total dividends Dividend per share (Million Baht) (Baht) Final dividend for year 2025 Annual General Meeting of the shareholders on 8 April 2026 7,484 0.60 Final dividend for year 2024 Annual General Meeting of the shareholders on 2 April 2025 5,738 0.46 13. Income tax Interim corporate income tax was calculated on profit before income tax for the period, using the estimated effective tax rate for the year. Income tax expenses for the three-month and nine-month periods ended 30 September 2026 and 2025 are made up as follows: (Unit: Million Baht) For the three-month periods ended 30 September Consolidated financial statements Separate financial statements 2026 2025 2026 2025 (Restated) Current income tax: Interim corporate income tax charge (291) (261) (141) (154) Adjustment in respect of income tax of previous year 107 - 107 - Top-up tax (1,363) (1,033) (1,363) (1,033) Deferred tax: Relating to origination and reversal of temporary differences 54 14 - - Translation adjustment - (9) - - Income tax expense reported in profit or loss (1,493) (1,289) (1,397) (1,187)
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(Unaudited but reviewed) 18 (Unit: Million Baht) For the nine-month periods ended 30 September Consolidated financial statements Separate financial statements 2026 2025 2026 2025 (Restated) Current income tax: Current income tax charge (653) (677) (416) (290) Adjustment in respect of income tax of previous year 146 108 107 - Top-up tax (3,677) (2,421) (3,677) (2,421) Deferred tax: Relating to origination and reversal of temporary differences 2 147 - - Translation adjustment (1) 1 - - Income tax expense reported in profit or loss (4,183) (2,842) (3,986) (2,711) The Group is within the scope of the Pillar Two model rules published by the Organisation for Economic Co- operation and Development (OECD). The Group operates in several countries where Pillar Two legislation has been enacted and is currently effective. The estimated top- up tax expense related to Pillar Two income taxes arises from the operation in Thailand. 14. Earnings per share Basic earnings per share is calculated by dividing profit for the period attributable to equity holders of the Company (excluding other comprehensive income) by the weighted average number of ordinary shares in issue during the period.
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(Unaudited but reviewed) 19 15. Segment information The Group is organised into business units based on their products and services. During the current period, the Group has not changed the organisation of its reportable segments from the last annual financial statements. The following tables present revenue and profit (loss) information regarding the Group’s operating segments for the three-month and nine-month periods ended 30 September 2026 and 2025. (Unit: Million Baht) For the three-month periods ended 30 September Power electronics segment Mobility segment Infrastructure segment Automation segment Others Consolidated financial statements 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 (Restated) (Restated) Revenue Sales from external customers 53,720 34,704 5,876 7,524 13,087 8,803 1,670 1,166 24 175 74,377 52,372 Service income from external customers 290 112 199 - 813 487 71 137 51 123 1,424 859 Total revenue 54,010 34,816 6,075 7,524 13,900 9,290 1,741 1,303 75 298 75,801 53,231 Segment profit (loss) 7,421 6,499 (184) 496 1,386 719 60 (38) (832) (177) 7,851 7,499 Unallocated income (expenses): Gain on exchange rate 503 165 Compensation for contract decommitment 275 1,000 Royalty income 378 95 Other income 322 167 Impairment loss on assets (89) (115) Other expenses (49) (125) Finance income 68 47 Finance cost (9) (7) Profit before income tax expenses 9,250 8,726 Income tax expenses (1,493) (1,289) Profit for the period 7,757 7,437
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(Unaudited but reviewed) 20 (Unit: Million Baht) For the nine-month periods ended 30 September Power electronics segment Mobility segment Infrastructure segment Automation segment Others Consolidated financial statements 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 (Restated) (Restated) Revenue Sales from external customers 144,499 84,547 16,956 27,232 32,887 22,589 4,405 3,338 46 185 198,793 137,891 Service income from external customers 981 174 318 48 1,558 1,829 286 295 443 245 3,586 2,591 Total revenue 145,480 84,721 17,274 27,280 34,445 24,418 4,691 3,633 489 430 202,379 140,482 Segment profit (loss) 24,349 17,361 (898) 657 2,056 1,259 45 20 (1,897) (1,001) 23,655 18,296 Unallocated income (expenses): Gain on exchange rate 1,347 501 Compensation for contract decommitment 718 1,226 Royalty income 1,027 95 Other income 803 469 Impairment loss on assets (377) (115) Impairment loss on goodwill (207) - Other expenses (87) (237) Share of profit from investments in associates 1 1 Finance income 244 197 Finance cost (28) (38) Profit before income tax expenses 27,096 20,395 Income tax expenses (4,183) (2,842) Profit for the period 22,913 17,553
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(Unaudited but reviewed) 21 16. Commitments and contingent liabilities 16.1 Significant capital commitments As at 30 September 2026, the Group had significant capital commitments amounting to Baht 31,653 million, EUR 16 million or approximately Baht 627 million, and INR 3,918 million or approximately Baht 1,366 million in respect of the building construction, purchase of machinery and equipment (the Company only: Baht 31,653 million). 16.2 Significant long-term service commitments 16.2.1 Intellectual Property & Technology License commitments The Company entered into the Intellectual Property & Technology License Agreement with Delta Electronics Inc. (“Licensor”), whereby the Licensor granted the Company the right to manufacture and sell products that apply the Licensor’s patents and technology , including improvements thereof. In consideration for the rights, the Company agrees to pay a royalty to the Licensor at a percentage of revenue from sales of products manufactured under the licenses, with that percentage determined on an arm’s length basis. The percentage is to be amicably reviewed by the parties annually before each anniversary of the effective date, which was 1 January 2018. The agreement matures annually and renews continuously for further periods of one year until terminated by either party. The Company has recorded the related expense as “Royalty expenses”, which are presented under the caption of “Selling and distribution expenses” in the statements of comprehensive income. 16.2.2 Research and development service commitments The Company entered into the research and development service agreements with the subsidiary companies and related companies. Under these agreements , the subsidiary companies and related companies provide research and development services (design and engineering) to the Company and charge fees equal to the local operational costs incurred on product research and development plus a margin, on an arm’s length basis. These agreements mature annually. The Company has recorded the design and engineering fees as “Research and development expenses” in the statements of comprehensive income.
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(Unaudited but reviewed) 22 16.3 Guarantee obligations As at 30 September 2026, the Group had the following significant outstanding letters of guarantee required in the ordinary course of its businesses: 16.3.1 Outstanding letters of guarantee totaling approximately Baht 86 million have been issued by banks to meet requirements of the Company. 16.3.2 Outstanding letters of guarantee for totals of approximately Baht 97 million, INR 1,942 million or approximately Baht 677 million, USD 3 million or approximately Baht 91 million and AUD 3 million or approximately Baht 68 million have been issued by banks to meet requirements of the subsidiaries. 16.4 Tax assessment The Indian tax authorities assessed corporate income tax of approximately INR 538 million or approximately Baht 187 million, covering the years 2007 - 2023, and sales tax and excise duties of approximately INR 1,750 million or approximately Baht 610 million, covering the years 2014 - 2026, against the subsidiar y in India. The subsidiar y has appealed the assessments. The management of the subsidiary believes that the outcome of the cases will be favorable to the subsidiary and therefore no provision for these contingent liabilities has been made in the accounts. 17. Financial instruments 17.1 Fair value of financial instruments Since the majority of the Group’s financial instruments are short -term in nature or carrying interest at rates close to the market interest rates, its fair value is not expected to be materially different from the amounts presented in the statement of financial position. 17.2 Fair value hierarchy As at 30 September 2026, the Group had the financial assets and financial liabilities that were measured at fair value using different levels of inputs as follows: (Unit: Million Baht) Consolidated financial statements Level 1 Level 2 Level 3 Total Assets measured at fair value Derivatives Foreign currency forward contracts - 30 - 30 Liabilities measured at fair value Derivatives Foreign currency forward contracts - 252 - 252
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(Unaudited but reviewed) 23 (Unit: Million Baht) Separate financial statements Level 1 Level 2 Level 3 Total Assets measured at fair value Derivatives Foreign currency forward contracts - 20 - 20 Liabilities measured at fair value Derivatives Foreign currency forward contracts - 252 - 252 During the current period, there were no changes in the methods and the assumptions used to estimate the fair value of financial instruments and there were no transfers between the levels of the fair value hierarchy. 18. Foreign currency risk and financial derivatives As at 30 September 2026, the significant outstanding balances of the Group’s financial assets and financial liabilities denominated in foreign currencies are as follows: (Unit: Million foreign currency unit) Foreign Consolidated financial statements Separate financial statements currency Financial assets Financial liabilities Financial assets Financial liabilities US dollar 2,364 1,784 2,241 1,554 Euro 20 27 12 26 Japanese yen 183 4,190 183 4,163 (Unit: Baht per 1 foreign currency unit) Foreign currency Average exchange rate as at 30 September 2026 US dollar 33.5541 Euro 38.0210 Japanese yen 0.2138
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(Unaudited but reviewed) 24 The Group manages its exposure to foreign currency risk by using derivatives when considered appropriate. As at 30 September 2026, the outstanding derivatives for managing the exposure to foreign currency risk are as follows: Consolidated financial statements Amount Forward rate Maturity date Forward contracts to “Sell” USD/THB USD 692 million 32.2000 - 33.5200 THB/USD October 2026 - January 2027 EUR/USD EUR 7 million 1.1696 USD/EUR October 2026 Forward contracts to “Buy” USD/INR USD 11 million 94.8300 - 96.3100 INR/USD October 2026 EUR/THB EUR 4 million 38.3300 - 38.4500 THB/EUR October - November 2026 JPY/THB JPY 3,200 million 0.2079 - 0.2166 THB/JPY October - November 2026 Separate financial statements Amount Forward rate Maturity date Forward contracts to “Sell” USD/THB USD 692 million 32.2000 - 33.5200 THB/USD October 2026 - January 2027 Forward contracts to “Buy” EUR/THB EUR 4 million 38.3300 - 38.4500 THB/EUR October - November 2026 JPY/THB JPY 3,200 million 0.2079 - 0.2166 THB/JPY October - November 2026 19. Events after the reporting period a) On 24 July 2026, a meeting of the Company’s Board of Directors passed a resolution to increase the Company’s investment in DET International Holding B.V. by EUR 8 million, or approximately Baht 304 million, to enable the latter to invest in Delta Electroni cs (Slovakia), s.r.o. for land acquisition to support production expansion. The Company paid the additional investment on 9 October 2026. b) On 27 October 2026, a meeting of the Company’s Board of Directors passed the following resolutions: 1) Approved an additional investment in Delta Electronics India Manufacturing Private Limited of USD 21 million, or approximately Baht 705 million, to provide working capital for the subsidiary’s operations. The Company expects to complete the additional investment during the fourth quarter of the current year. 2) Approved the dissolution of Delta Greentech (Netherlands) B.V., an indirect subsidiary incorporated in the Netherlands, as the subsidiary had no further operating activities. 20. Approval of interim financial statements These interim financial statements were authorised for issue by the Company’s Board of Directors on 27 October 2026.