OR continues to maintain an appropriate dividend payout ratio to maximize shareholder value while delivering attractive returns and supporting long-term sustainable growth. The meeting approved a dividend of THB 0.60 per share for its 2025 operating results, underscoring the company’s sustained strong performance.

In response to current circumstances and its commitment to reducing energy consumption, OR organized the meeting in a fully fully virtual format (E-Meeting) to minimize travel. The company also adopted Green Meeting practices, emphasizing efficient resource utilization, such as reducing paper usage through digital documentation, incorporating recycled materials in meeting operations, and implementing waste segregation to maximize reuse. These efforts reaffirm OR’s role as a sustainability-driven organization committed to advancing Thai society across all dimensions.

Moving forward, OR remains focused on driving sustainable growth by leveraging technology and innovation to enhance customer experiences, unlock new business opportunities, and deliver shared value to society, communities, and the environment, while ensuring resilience and long-term stability.

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Mr. Songpon Thepnumsommanus, Senior Executive Vice President, Global Business of PTT Oil and Retail Business Public Company Limited (OR), stated: OR believes investing in the next generation is planting the seeds for the most promising future. Every journey of youth marks the beginning of new inspiration. The OR Seeding the Future ASEAN Camp provides a world-opening platform where young people can explore, experiment, and uncover their unique potential. Participants also gain cross-cultural friendships, leaving the camp energized, confident, and equipped with fresh ideas and business insights they can apply in real life, which prepare them to become key drivers of society.

This regional program offers young people the opportunity to develop a wide range of skills, including creativity, teamwork, leadership, and intercultural understanding. Through diverse, intensive workshops, apart from knowledge, friendships, and invaluable life experiences they gain, participants engage in analytical thinking and real-world problem-solving while presenting innovative ideas that can be applied in everyday life. The program also focuses on personal development, communication skills, and professional growth. Additionally, participants experience the warmth of cultural exchange through performances, storytelling, and sharing the unique heritage of each country, broadening perspectives and fostering strong, lasting bonds among ASEAN youth.

In addition, participants will have the opportunity to engage in hands-on experiences beyond the classroom, witnessing community collaboration, environmental conservation, and activities that embody OR’s philosophy of “Empowering All toward Inclusive Growth.” These experiences serve as valuable lessons, fostering a responsible and socially conscious perspective as ASEAN citizens.

The OR Seeding the Future ASEAN Camp exemplifies OR’s commitment to nurturing a global Living Community by inspiring and supporting the next generation both in Thailand and across the region. The program provides youth with a firsthand understanding of OR’s business operations and brand values, fostering meaningful connections and trust that can be carried forward into society. Simultaneously, the camp builds a strong network of young people from across ASEAN, strengthening ties to the OR brand among future leaders who will drive both corporate and societal growth. It effectively links people, inspiration, and new opportunities in a sustainable and lasting way.

Experience the excitement, creativity, and inspiring stories from the “OR Seeding the Future ASEAN Camp 2025” on the Facebook Page: ORSeedingTheFuture.

Mr. Pichit Jearkittimasak, Chief Financial Officer of Vietjet Thailand, together with Mr. Paisan Udomkulwanich, Senior Executive Vice President, Energy Solutions Business, OR, represented the two companies to sign the MOU on Sustainable Aviation Fuel (SAF) collaboration. This partnership follows the success of their joint feasibility study on SAF utilization in 2024, which culminated in Vietjet Thailand’s first commercial flight on the Bangkok – Da Nang route on 11 July 2024, operated from Suvarnabhumi International Airport, with OR supplying SAF for the flight. The initiative marked a key milestone in driving Thailand’s green aviation efforts under the “Fly Green” concept into tangible progress.

“This collaboration with OR aims to jointly advance aviation sustainability by promoting and developing clean energy solutions for aircraft, minimizing environmental impact, and supporting the transition to alternative energy in the future. In addition to OR’s SAF supply for Vietjet Thailand’s commercial operations, both organizations are also exploring extended collaboration in other dimensions of clean energy for long-term aviation development. Vietjet Thailand remains committed to continuously reducing carbon emissions and targets to increase SAF usage to no less than 5% of total fuel consumption by 2030, in line with the global aviation industry’s Net Zero vision”, saidMr. Pichit Jearkittimasak, Chief Financial Officer of Vietjet Thailand.

Mr. Paisan Udomkulwanich, Senior Executive Vice President, Energy Solutions Business, OR, stated: “OR is proud to serve as a key partner in supplying Sustainable Aviation Fuel (SAF) to Vietjet Thailand, marking another important milestone for Thailand’s aviation industry on its journey towards a cleaner and more sustainable future. Under this collaboration, OR will provide sustainable aviation fuel (SAF) for Thai Vietjet’s commercial flights on a continual basis. Most recently, the airline has expanded its use of SAF to regular flights between Suvarnabhumi and Phu Quoc. Throughout this partnership, Thai Vietjet has consistently demonstrated its genuine commitment to adopting SAF for commercial operations—beginning with the signing of a Memorandum of Understanding (MOU) in May 2024, followed by the launch of its first international SAF-powered flight between Bangkok and Da Nang in July 2024. Vietjet Thailand is among the leading airlines in Thailand placing strong emphasis on environmental responsibility and taking concrete action toward sustainability. OR remains committed to developing energy innovations and providing comprehensive energy solutions to support business partners in their transition toward clean energy. Together, we aim to build a truly sustainable energy ecosystem in Thailand and drive the nation’s low-carbon economy forward with confidence and resilience.”

For over six years, Vietjet Thailand has continuously implemented environmental initiatives under its Fly Green Fund, which aims to conserve the environment and promote a greener society through activities at both organizational and community levels. These efforts are made possible through the collaboration of passengers, airline employees, and partners across sectors. For more information about Vietjet Thailand and the Fly Green Fund, please visit www.vietjetair.com.

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About Vietjet Thailand:

Established in 2014, Vietjet Thailand has been cooperating with Vietjet to extend its flight network and provide more opportunities for travelers to discover Thailand and many other countries with its hospitable and enjoyable service. With a focus on cost management ability, effective operations, and performance, the airline offers flying opportunities with cost-saving and flexible fares as well as diversified services to meet customers’ demands.  

Awarded the ‘Best Low-Cost Airline Brand, Thailand 2025’ by Global Brand Awards 2025, Vietjet Thailand has been continuously expanding its young and modern fleet, featuring Airbus A320 and A321 aircraft. The airline has also recently been awarded the ‘Most Passenger-Friendly Cabin Crew – 2025’ airline from International Finance Magazine, emphasizing its position as the ‘airline of hospitality’, reinforcing its core value of ‘Friendly & Fun’, together with ‘Safety’, ‘Punctuality, and ‘Affordable Price’. In addition, Vietjet Thailand was recognized as one of the HR Asia Best Companies to Work for in Asia 2025, highlighting its commitment to a positive work culture and employee satisfaction.   

Currently, Vietjet Thailand operates 11 Thailand domestic routes, including flights from Bangkok (Suvarnabhumi) to Chiang Mai, Chiang Rai, Phuket, Krabi, Udon Thani, Hat Yai, Khon Kaen, Ubon Ratchathani, and Surat Thani, cross-regional flights including from Phuket to Chiang Mai and Chiang Rai. The airline is also actively expanding its international flight network to many destinations across Asia-Pacific, connecting Thailand with Japan, China, Vietnam, Taipei, Cambodia, India, South Korea and other top destinations in the region. Further information at www.vietjetair.com

PTT Oil and Retail Business Public Company Limited (OR)

PTT Oil and Retail Business Public Company Limited, or OR, is the flagship company of the PTT Group, operating integrated energy and retail businesses in Thailand. Guided by the vision “Empowering All Toward Inclusive Growth,” OR is committed to developing a business structure that supports “Seamless Mobility & All Lifestyles,” covering mobility, energy, and sustainable lifestyles. The company strives to create shared value with all stakeholders, fostering inclusive and sustainable growth together.

Ms.Wanwisa Susuphaus, Vice President, Sustainability, Quality, Safety, Health and Environment at OR, represented the company in receiving the award plaque and certificate of distinction at the S&P Global Sustainability Yearbook 2025 Distinction Ceremony, held at the Bangkok Marriott Marquis Queen’s Park Hotel.

Ms. Wanwisa remarked that this recognition is a significant source of pride for OR, as it reflects the company’s strong capabilities and leadership on the global sustainability stage. This achievement is underscored by OR being ranked No. 1 globally in the Emerging Markets Index of the Dow Jones Sustainability Indices (DJSI)— a globally recognized benchmark that assesses a company’s ability to operate with long-term sustainability at its core. The DJSI ranking affirms OR’s commitment to responsible business practices and strengthens investor and stakeholder confidence in its high performance across all three ESG dimensions: Environmental, Social, and Governance & Economic. In addition, OR was ranked in the Top 1% globally in the S&P Global Corporate Sustainability Assessment (CSA) Score 2024, conducted by S&P Global. OR was the only company out of 253 in the global retailing industry to achieve this level of distinction, based on an assessment that included more than 7,690 companies across 62 industry groups worldwide.

Under its vision of “Empowering All Toward Inclusive Growth,”OR is dedicated to advancing its business in tandem with sustainable development. The company has set an ambitious goal to achieve net-zero greenhouse gas emissions by 2050 and is taking decisive action through several impactful and measurable initiatives. One such initiative is the “Sustainable Coffee Farming Project,” which supports Thai farmers in cultivating coffee through deforestation-free methods. This not only helps reduce PM 2.5 pollution and increase green cover, but also strengthens supply chain resilience for Café Amazon. Another flagship initiative is the “Thai-Det” Project, which promotes locally made products by expanding their distribution channels through PTT Stations and Café Amazon outlets nationwide. This initiative empowers local communities by creating new income opportunities and enriches the customer experience with unique, high-quality products that celebrate regional identity and cultural heritage.

Beyond environmental and social initiatives, OR places a strong emphasis on sound corporate governance. The company strives to maintain a balanced approach between business performance and its responsibilities to society and the environment — reinforcing its commitment to building a sustainable future in collaboration with all sectors of society.

M.L. Peekthong Thongyai, Chief Executive Officer of PTT Oil and Retail Business Public Company Limited (OR), announced that the company recorded total revenue from sales and services of THB 182,422 million in the first quarter of 2025—a slight decrease of THB 3,482 million or 1.9% from the previous quarter. OR achieved a significant improvement in profitability, with net profit reaching THB 4,380 million, up 46% quarter-on-quarter. EBITDA rose to THB 6,484 million, a substantial increase of THB 1,597 million or 32.7% compared to the previous quarter, driven by strong performance across all core business segments. The Mobility segment saw a 39.6% increase in performance, supported by an improved average gross profit per liter. The Lifestylesegment grew by 9.8%, bolstered by higher contributions from the food and beverage retail business and other lifestyle ventures. The Global segment posted a 30.8% increase, reflecting a notable recovery in operations in the Philippines, while overall net operating expenses declined.

In the first quarter of the year, OR continued to advance its Lifestyle business expansion, particularly in the Health & Beauty segment. The company has grown its found & found store network to 10 branches, now spanning both Bangkok and key upcountry locations—demonstrating a strong foundation for long-term growth. In 2025, OR launched new outlets at PTT Station Rama IV, The Glass Market Bangna, and The Mall Bangkae, and is targeting a total of 50 branches by 2026. To further strengthen its competitive edge, OR has also established a new subsidiary dedicated to managing and investing in food and beverage businesses. This strategic move aligns with the company’s vision to drive sustained growth within the Lifestyle segment. Additionally, OR marked a significant international milestone with the opening of its first Café Amazon Concept Store in Cambodia, offering a uniquely crafted menu of beverages and food tailored specifically for Cambodian consumers. This initiative reinforces OR’s commitment to fostering mutual and sustainable growth with neighboring countries, in line with its guiding philosophy “They Grow – We Grow.” Furthermore, OR’s financial strength and leadership in the oil retail market were once again recognized, as the company earned an “AA+” corporate credit rating with a Stable Outlook from TRIS Rating for the third consecutive year. This reflects OR’s disciplined financial management and reinforces its position as a leading force in Thailand’s oil retail landscape.

M.L. Peekthong further stated that OR is committed to driving holistic organizational growth through strategic infrastructure investments, with a particular emphasis on digital technology to enhance competitiveness. The company is actively seeking opportunities to expand its business and customer base by integrating financial products and services through a Virtual Bank. This initiative is aimed at better addressing customer needs while supporting sustainable, long-term business growth.

Mr. Chaipruet Watchareecupt, Vice President, Aviation and Marine Marketing, PTT Oil and Retail Business Public Company Limited (OR), and Mr. Dechit Chareonwong, Senior Executive Vice President of Operations at Bangkok Airways, signed a Letter of Intent (LOI) to procure and utilize SAF from a Thai producer—marking the first initiative of its kind in Thailand. The SAF will be used in Bangkok Airways’ flight operations, with the signing ceremony held at the airline’s headquarters on Vibhavadi Rangsit Road. This partnership reflects the shared commitment of both organizations to advancing sustainable development and represents a major step in propelling Thailand’s aviation industry toward a greener, more environmentally responsible future.

Mr. Chaipruet remarked that the partnership with Bangkok Airways marks a significant milestone, combining the strengths of OR—Thailand’s leading aviation fuel distributor—and Bangkok Airways, a premier airline, in pioneering the use of Sustainable Aviation Fuel (SAF) produced domestically for the first time. The SAF is supplied by PTT Global Chemical Public Company Limited (GC), which has developed innovative, sustainable technologies and introduced the co-processing method into Thailand’s aviation industry—an industry-first approach aimed at supporting the country’s future SAF policy implementation. He emphasized OR’s pride in being part of this groundbreaking collaboration and reaffirmed the company’s commitment to driving the sustainable development of Thailand’s aviation sector. Supplying SAF to Bangkok Airways is a major step toward elevating environmental standards in Thai aviation, reflecting both companies’ commitment to sustainability. This initiative also aligns with OR’s broader business vision to support Thailand’s national goal of achieving net-zero greenhouse gas emissions by 2065.

Mr. Dechit stated that this collaboration with OR represents a pivotal step forward for Bangkok Airways in its mission to elevate Thailand’s aviation sector toward a more sustainable future. The airline is proud to be the first in the country to use Sustainable Aviation Fuel (SAF) produced by a domestic supplier—an initiative that marks the beginning of a new chapter in green aviation. This milestone also reinforces the airline’s ongoing “Low Carbon Skies by Bangkok Airways” campaign, which aims to reduce carbon emissions across all facets of its operations. The partnership is a key part of a broader effort to accelerate the adoption of biofuels in Thailand’s aviation industry and to ensure the sector is prepared to meet the global shift toward sustainable air travel. It aligns with the International Air Transport Association’s (IATA) commitment to achieving carbon neutrality by 2050.

This collaboration highlights a significant step in advancing clean energy within the domestic aviation sector and underlines the International Air Transport Association’s (IATA) long-term objective of the 2050 net-zero achievement.

M.L. Peekthong Thongyai, Chief Executive Officer of OR, revealed that OR has received the “AA+” corporate credit rating with a “Stable” outlook from TRIS for three consecutive years is a significant achievement and a testament to OR’s leadership in the retail oil and commercial petroleum distribution markets. This recognition underscores OR’s vital role in the petroleum product distribution network within the PTT Group, as well as its sound and efficient financial management practices.

TRIS Rating has affirmed its high confidence in OR, citing multiple key strengths. These include OR’s reputation as a reliable leader in the retail oil business, its strong ability to source and distribute petroleum products, and its extensive network of service stations and distribution channels. The strength of the PTT Station brand, with nationwide coverage and its Living Community concept, positions PTT Station as a hub that fosters happiness and promotes sustainable growth within local communities. Additionally, OR’s expanding portfolio of petroleum products and entry into the lifestyle business sector further enhances its competitive position, ensuring its continued dominance in both the retail oil and commercial petroleum markets.

In recent years, OR has diversified its product offerings, expanded its geographical footprint, and enhanced customer services—key factors contributing to its stable revenue generation. TRIS Rating’s latest evaluation highlights its confidence in OR’s business performance, cash flow stability, and strong liquidity position, despite challenges arising from fluctuating oil prices and intensified competition in the retail oil market. OR remains steadfast in its commitment to sustainable business growth, maintaining a robust financial standing that enables the company to navigate market challenges and deliver long-term value for its shareholders and stakeholders.

Moreover, OR has incorporated the Green Meeting principles, supported by the Thailand Business Council for Sustainable Development and the Thailand Environment Institute, into its operations. The company has implemented effective resource management practices, including reducing paper consumption through electronic documentation, selecting recyclable materials for the meeting’s control rooms, and introducing waste segregation systems to maximize recycling. These initiatives reaffirm OR’s role as a leader in driving Thailand’s society toward sustainable development across all dimensions.

OR conducts regular emergency response drills to ensure its personnel and equipment are fully prepared to handle any unforeseen incidents. Additionally, the company adheres to international safety standards through routine inspections and preparedness measures.