PTT Oil and Retail Business Public Company (OR) Q1 2026 earnings summary

Executive summary

• 1Q26 saw daily traffic of 4.0 million visitors and a network of 2,737 stations, with strong brand partnerships and diversified offerings across mobility, lifestyle, and global segments.

• Engaged in petroleum sales, retail, and related services, with a strong state enterprise backing and stable group structure as of Q1 2026.

• Interim financials prepared under Thai Accounting Standard No. 34, consistent with prior periods.

Financial highlights

• Revenue reached THB 176,125 million, EBITDA THB 7,100 million, and net income THB 2,415 million for the quarter.

• Total revenue for 1Q26 was THB 176,125 million, down 3.5% YoY but up 13.2% QoQ.

• EBITDA increased 59.8% QoQ and 9.5% YoY to THB 7,100 million, with margin improvement across segments.

• Net profit rose 16.2% QoQ to THB 2,415 million but declined 44.9% YoY due to derivative losses despite improved segment performance.

• Trade accounts receivable rose to Baht 29,992 million as of 31 March 2026, up from Baht 23,684 million at year-end 2025.

Outlook and guidance

• 2026 GDP growth forecasts: Thailand 1.5–2.0%, Cambodia 4.0–5.0%, Laos 4.0–4.8%, Vietnam 6.7–8.0%, Philippines 4.1–5.8%.

• Supportive factors include new government policies, fiscal stimulus, and electronic investment; risks include geopolitical tensions, inflation, supply chain disruptions, and credit tightening.

• Dividend of Baht 0.30 per share for the second half of 2025, totaling Baht 3,600 million, approved for payment on 29 April 2026.