PTT Global Chemical Public Company (PTTGC) investor relations material

Executive summary

• Q2 2026 saw robust financial performance, with revenue up 17% QoQ and 29% YoY, driven by strong refining and chemical margins amid Middle East conflict-related supply shortages.

• Adjusted EBITDA surged 81% QoQ and over 200% YoY, with net profit up 278% QoQ, reflecting operational leverage and margin expansion.

• Total assets reached ฿659.8 billion as of June 30, 2026, with equity of ฿313.4 billion and liabilities of ฿346.4 billion.

• Net profit for Q2 2026 was ฿12.0 billion, with total comprehensive income of ฿15.4 billion.

• Strategic portfolio transformation advanced, including divestment of Vencorex US and Thailand, and mothballing of GC Polyols, targeting recurring earnings improvements.

Financial highlights

• Q2 2026 revenue reached ฿173.9 billion (+17% QoQ, +29% YoY); YTD revenue up 20%.

• Adjusted EBITDA was ฿26,932 million (+81% QoQ, >200% YoY); operating profit THB 17,013 million (+168% QoQ); net profit THB 12,208 million (+278% QoQ).

• Gross profit for Q2 2026 was ฿26.0 billion, with an EPS of ฿2.50.

• Operating cash flow for the six months was ฿46.5 billion, with cash and equivalents at ฿54.1 billion at period end.

• Significant extra items included stock gains/losses, commodity hedging losses, FX gains, and asset monetization.

Outlook and guidance

• H2 2026 expected to see normalization of prices and spreads from Q2 peaks as supply resumes, but margins remain elevated due to ongoing geopolitical risks.

• Enhancement initiatives targeting THB 4,000 million in 2026 remain on track.

• allnex volume growth projected at mid-single digits YoY, with normalization in H2.

• Dividend distributions continued, with coupon payments on subordinated perpetual debentures.

• Ongoing investments in property, plant, and equipment signal continued expansion.