The credit rating agency TRIS has upgraded GULF's credit rating to ‘AA-’, marking a significant enhancement in the company's financial strength following its recent amalgamation with INTUCH.

This upgrade is principally attributed to the improved financial profile resulting from the merger, alongside stable cash flows, a well-diversified investment portfolio, and substantial dividend income from its stake in Advanced Info Service Public Company Limited (ADVANC).

The merger is expected to optimize GULF’s business operations, creating synergies between its energy and digital business sectors.

In a statement, Ms. Yupapin Wangviwat, Deputy Chief Executive Officer and Chief Financial Officer of GULF, noted that the ‘AA-’ rating upgrade reflects the successful integration with INTUCH.

She indicated that this strategic event has not only broadened GULF’s asset and equity base but has also significantly enhanced its earnings before interest, taxes, depreciation, and amortization (EBITDA), while improving key credit metrics and investment capability.

Furthermore, the company reported a reduced debt-to-equity ratio (D/E Ratio), which is anticipated to facilitate its pursuit of strategic investments aimed at continuous growth and robust shareholder returns.

GULF now positions itself as a preeminent player in the regional energy and infrastructure sectors, with aspirations for expansion into diverse industries.

This strategic focus on integrated business operations, covering energy, infrastructure, digital assets, and investment portfolios, reinforces GULF's vision to establish itself as a forward-looking, innovation-driven entity, committed to long-term sustainable growth.