Thailand · Delayed Price · Currency is THB PTT PCL Earnings Call Transcripts
Fiscal Year 2026
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Net income for H1 2026 surged 75% year-over-year to THB 78 billion, driven by strong spreads, improved gas and trading margins, and balanced segment contributions. Liquidity and credit ratings remain robust, with continued focus on core business, LNG, and decarbonization.
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Q1 2026 delivered strong EBITDA and net income growth amid global energy market disruptions, with robust performance in P&R and petchem segments, prudent risk management, and accelerated LNG and infrastructure investments. Management remains cautious due to ongoing geopolitical uncertainties.
Fiscal Year 2025
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Net income held steady at THB 90 billion for FY2025 despite lower revenue and EBITDA, driven by cost savings, asset monetization, and FX gains. Strong liquidity, reduced debt, and continued dividend policy support a positive outlook, with ongoing focus on LNG, decarbonization, and strategic partnerships.
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EBITDA reached THB 257 billion and net profit THB 64 billion, supported by profit enhancement and asset monetization amid declining oil and petrochemical prices. Strong liquidity, strategic divestments, and cautious outlook position the group for resilient performance.
Fiscal Year 2024
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Q3 2024 saw stable nine-month revenue and net income, but Q3 profit dropped due to non-recurring items and downstream pressures. Upstream and gas segments performed well, while the group maintained strong financial ratios and continued strategic transformation.
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Q2 2024 saw a 5% revenue increase and 22% net income growth, driven by trading and non-recurring gains, while EBITDA declined 3% due to lower refining and gas margins. The group is refocusing on core hydrocarbons, decarbonization, and portfolio optimization amid stable oil prices and competitive EV markets.