PTT Oil and Retail Business Public Company (OR) Q3 2025 earnings summary

Executive summary

• Achieved 9M25 sales revenue of THB 503,188 million, with 3.9 million daily traffic visitors and a strong presence across mobility, lifestyle, and global segments.

• Sales and service income for the nine months ended 30 September 2025 was ฿503.2 billion, down from ฿538.1 billion year-over-year.

• Net profit for 3Q25 rose 17.1% QoQ and over 100% YoY, driven by improved performance in the Mobility business and increased share of income.

• Net profit attributable to equity holders for the nine months was ฿9.23 billion, up from ฿4.65 billion year-over-year.

• Gross profit increased to ฿26.5 billion from ฿20.8 billion year-over-year.

Financial highlights

• 3Q25 total revenue was THB 153,600 million, down 8.1% QoQ and 12.8% YoY, mainly due to lower sales volume and global oil prices.

• 3Q25 EBITDA reached THB 4,878 million, with a margin of 3.2%; 9M25 EBITDA was THB 15,914 million.

• 3Q25 net profit was THB 2,614 million, with a net profit margin of 1.7%; 9M25 net profit was THB 9,226 million.

• Basic earnings per share for the nine months was ฿0.77, compared to ฿0.39 year-over-year.

• Cash and cash equivalents at 30 Sep 2025 stood at THB 35,068 million, after significant investments and loan repayments.

Outlook and guidance

• 2025 GDP growth forecast for Thailand is 2.0%, with global economic growth at 3.2%.

• International tourism recovery and fiscal measures are expected to support growth, but challenges include oil price volatility, geopolitical risks, and policy uncertainty.

• The company continues to invest in subsidiaries, joint ventures, and associates, including new ventures in virtual banking and retail expansion.