Thai Oil PCL (BKK:TOP)

Revenue by Segment

Financials in millions THB. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Solvent	16.19B	19.73B	19.38B	22.59B	13.31B
Solvent Growth	-17.92%	1.77%	-14.19%	69.65%	62.60%
Lube Base Oil Refinery	22.05B	25.74B	25.32B	27.77B	23.83B
Lube Base Oil Refinery Growth	-14.32%	1.67%	-8.85%	16.54%	69.77%
Aromatics and Lab	58.76B	80.53B	78.97B	88.94B	60.55B
Aromatics and Lab Growth	-27.04%	1.97%	-11.20%	46.89%	65.09%
Ethanol	1.05B	1.68B	1.88B	1.80B	1.59B
Ethanol Growth	-37.60%	-10.54%	4.62%	13.10%	-2.64%
Oil Refinery	414.20B	497.53B	501.90B	568.68B	358.39B
Oil Refinery Growth	-16.75%	-0.87%	-11.74%	58.68%	40.92%
Power Generation	10.97B	11.83B	12.79B	11.72B	7.57B
Power Generation Growth	-7.25%	-7.53%	9.16%	54.69%	13.79%
Olefins	4.00M	4.00M	5.00M	2.00M	-
Olefins Growth	0%	-20.00%	150.00%	-	-
Others	7.56B	7.35B	7.07B	6.65B	6.33B
Others Growth	2.84%	3.99%	6.33%	5.01%	9.29%
Adjustments	-135.10B	-177.61B	-178.06B	-198.55B	-126.29B
Marine Transportation Services - Discontinued Operations	-	-	-	-	210.00M
Marine Transportation Services - Discontinued Operations Growth	-	-	-	-	-68.09%
Total	395.68B	466.78B	469.24B	529.59B	345.50B
Total Growth	-15.23%	-0.53%	-11.39%	53.28%	39.36%

Revenue by Geography

Financials in millions THB. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Thailand	359.16B	437.16B	429.06B	480.00B	283.65B
Thailand Growth	-17.84%	1.89%	-10.61%	69.22%	23.29%
Indonesia	3.85B	4.07B	3.43B	2.74B	2.08B
Indonesia Growth	-5.31%	18.66%	25.05%	31.81%	-
Other Countries	32.67B	25.54B	36.76B	46.85B	59.76B
Other Countries Growth	27.91%	-30.51%	-21.54%	-21.60%	234.95%
Total	395.68B	466.78B	469.24B	529.59B	345.50B
Total Growth	-15.23%	-0.53%	-11.39%	53.28%	39.36%

Source: S&P Global Market Intelligence.