PTT Oil and Retail Business Public Company Limited (OR) reported robust financial results for the first quarter of 2025, posting a net profit of THB 4,380 million—a 46% increase from the previous quarter. This translates to earnings of THB 0.36 per share. The company also recorded EBITDA of THB 6,484 million, representing a 32.7% quarter-on-quarter increase, driven by strong performance across all business segments. OR continues to focus on expanding and reinforcing its business foundation to support inclusive and sustainable growth for all stakeholders.
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.
