PTT Oil and Retail Business Public Company (OR) investor relations material

Executive summary

• Five-year investment plan targets THB 58,000 million, focusing primarily on Mobility and Lifestyle, with the remainder on Global and Innovation segments; 2026 investment plan is THB 18,700 million, with 30% for inorganic growth and the rest for organic expansion, including nearly 90 new service stations and 386 additional EV chargers.

• Achieved sales revenue of THB 658,723 million in 2025, with daily traffic of 3.9 million visitors and a strong presence in mobility, lifestyle, and global segments.

• Net profit for 2025 was THB 11,304 million, up 47.8% year-to-date, despite a 30.7% year-over-year decline in Q4 due to global business weakness and FX losses.

• Launch of a new Budget Hotel JV with Centara, piloting 5–6 locations to leverage existing service station assets and drive ecosystem synergies.

• Largest shareholder is a state enterprise holding 75% interest; listed on the Stock Exchange of Thailand.

Financial highlights

• Total sales and service income for 2025 was THB 658,723 million, down from THB 723,958 million in 2024, mainly due to a 4% drop in volume and lower average selling prices reflecting global oil price trends.

• EBITDA for 2025 was THB 20,357 million, up 15.2% year-over-year, driven by higher gross profit per liter in Mobility and improved F&B margins in Lifestyle.

• Net income reached THB 11,304 million, up THB 3,654 million from the previous year, supported by EBITDA growth and increased profit sharing from investments.

• Net profit margin for 2025 was 1.7%, with Q4 margin at 1.3%.

• Operating expenses decreased by 4%, contributing to improved profitability.

Outlook and guidance

• Thai GDP growth expected at 1.5–2.5% in 2025–2026, with tourism recovery and government stimulus as positive factors.

• Oil prices projected to trend lower, with Dubai crude averaging $69.5/bbl in 2025 and $60–64/bbl in 2026.

• Policy interest rates expected to decline, easing financial costs.

• Continued focus on hedging and inventory management to mitigate stock loss risks.

• Adoption of new Thai Financial Reporting Standards in 2025 and 2026 is not expected to have significant impact.