PTT Oil and Retail Business Public Company (OR) Q3 2025 earnings summary

Executive summary

• Achieved 9M25 sales revenue of THB 503,188 million, with 3.9 million daily traffic visitors and a strong presence across mobility, lifestyle, and global segments.

• Consolidated net profit for the nine months ended 30 September 2025 was 9.23 billion Baht, up from 4.65 billion Baht year-over-year.

• Net profit for 3Q25 rose 17.1% QoQ and over 100% YoY, driven by improved performance in the Mobility business and increased share of income.

• EBITDA for 3Q25 increased 7.2% QoQ and over 100% YoY, with a 24.5% YTD rise, mainly from improved gross profit per liter in retail markets.

• Total comprehensive income for the nine-month period reached 8.63 billion Baht, compared to 3.22 billion Baht in the prior year.

Financial highlights

• 3Q25 total revenue was THB 153,600 million, down 8.1% QoQ and 12.8% YoY, mainly due to lower sales volume and global oil prices.

• Sales and service income for the nine months was 503.19 billion Baht, down from 538.05 billion Baht year-over-year.

• Gross profit for the nine months increased to 26.49 billion Baht from 20.78 billion Baht year-over-year.

• 3Q25 EBITDA reached THB 4,878 million, with a margin of 3.2%; 9M25 EBITDA was THB 15,914 million.

• 3Q25 net profit was THB 2,614 million, with a net profit margin of 1.7%; 9M25 net profit was THB 9,226 million.

Outlook and guidance

• 2025 GDP growth forecast for Thailand is 2.0%, with global economic growth at 3.2%.

• International tourism recovery and fiscal measures are expected to support growth, but challenges include oil price volatility, geopolitical risks, and policy uncertainty.

• Dividend payments for the nine-month period totaled 5.16 billion Baht.