PTT Exploration and Production Public Company (PTTEP) investor relations material

Executive summary

• Achieved record sales volume of 510 KBOED in 2025, up 4% year-over-year, supported by new reserves and major acquisitions, including stakes in Algeria Touat, Malaysia SK408, and Block A-18.

• Proved reserves life increased to 6.9 years, with a 5-year reserves replacement ratio of 1.7, reinforcing long-term sustainability.

• Maintained 82% domestic market share and paid THB 49,800 million to the Thai government, highlighting national energy security and social contributions.

• Advanced decarbonization with a 19.5% reduction in GHG emissions intensity and FID for the Arthit CCS project.

• Resolved the Montara oil spill class action lawsuit with a final settlement and case dismissal in 2025.

Financial highlights

• FY2025 net profit was $1,830 million, down 18% year-over-year, with consolidated revenue of $8,970 million, a 3% decrease from 2024.

• Basic earnings per share for 2025 was $0.46 (THB 15.18), compared to $0.56 (THB 19.86) in 2024.

• EBITDA margin remained robust at 70% for FY2025, though down from 73% in 2024.

• Dividend payout for FY2025 was THB 8.75 per share, with a payout ratio of 59% and yield of 7.7%.

• Cash and cash equivalents at year-end were $2,314 million (THB 73,075 million).

Outlook and guidance

• FY2026 sales volume is projected at ~560 KBOED, with gas price guidance at ~$5.7/MMBTU and unit cost at ~$30/BOE.

• EBITDA margin is expected to remain strong at ~70% in 2026.

• Management continues to focus on international expansion, risk management, and capital discipline.

• Ongoing investments in energy transition and ESG-linked projects, including green deposits and ESG-linked investment programs.

• Credit ratings remain stable: S&P BBB+, Moody’s Baa2/Baa1, Fitch BBB+, TRIS AAA.