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

Executive summary

• Achieved total revenue of THB 381,793 million for 1H26, up 9.2% year-over-year, driven by higher global oil prices despite lower sales volume.

• Net profit for 1H26 was THB 640 million, a significant decline from THB 6,611 million in 1H25, mainly due to weaker Mobility & Global business performance and losses on derivative hedging.

• EBITDA for 1H26 was THB 7,153 million, down from 11,036 million in 1H25, reflecting margin pressure in diesel and aviation fuel and NRV losses.

• Engaged in petroleum sales, retail, and related services, with a strong state enterprise backing and a diversified business model across Thailand and internationally.

• Interim financials prepared under Thai Accounting Standard No. 34, focusing on new activities and events for the period ended 30 June 2026.

Financial highlights

• 2Q26 revenue increased 16.8% quarter-over-quarter and 23.0% year-over-year, reaching THB 205,667 million.

• Trade accounts receivable rose to 29,984 million Baht as of 30 June 2026, up from 23,684 million Baht at year-end 2025.

• Other current receivables increased significantly to 26,430 million Baht from 11,565 million Baht at year-end 2025.

• Long-term borrowings decreased to 5,817 million Baht from 10,114 million Baht at year-end 2025.

• Dividends of 0.30 Baht per share, totaling 3,600 million Baht, were paid in April 2026.

Outlook and guidance

• Thailand GDP growth forecast for 2026 is 2.3%, with global economic growth expected at 3.0%.

• Oil price volatility and geopolitical risks remain key uncertainties; Dubai oil price forecast for 2026 is $82.5–94.2 per barrel.

• Inflation in Thailand projected at 2.8% for 2026, with policy rate expected to decrease to 1.00%.

• No explicit forward-looking guidance provided, but significant investments and restructuring indicate ongoing expansion and portfolio optimization.