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 642.8 million, a significant decline from THB 6.6 billion in 1H25, mainly due to weaker Mobility & Global business performance, margin compression, hedging losses, and negative other comprehensive income.

• 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.

• Total assets as of 30 June 2026 stood at THB 225.0 billion, up from THB 197.9 billion at year-end 2025.

Financial highlights

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

• Gross profit for Q2 2026 was THB 3.27 billion, compared to THB 866 million in Q2 2025.

• EBITDA margin for 2Q26 was 1.9%, with Mobility segment showing negative EBITDA due to margin compression.

• Net profit margin for 2Q26 was 0.2%, and for 1H26 was 0.17%, reflecting ongoing margin and hedging challenges.

• Cash and cash equivalents at 30 June 2026 stood at THB 32,566 million.

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%.

• The company paid dividends of THB 3.6 billion during the six-month period.

• Retained earnings decreased due to lower profits and dividend payments.