Bangkok Aviation Fuel Services Posts 8% Profit Growth
Bangkok Aviation Fuel Services reported 8% profit growth to 60.5 million baht in the second quarter despite a 4% revenue decline, benefiting from strong international travel demand and efficient cost management.
Bangkok Aviation Fuel Services (BAFS) announced second-quarter 2025 results showing net profit of 60.5 million baht, a year-on-year increase of 8%, with total revenue of 839.5 million baht. For the first half of 2025, the company reported net profit of 212.3 million baht, up 7%, reflecting strong business performance and cost management amid volatile energy prices stemming from Middle East developments.
While the aviation sector faced pressure from elevated Jet A-1 aircraft fuel prices in the second quarter, leading airlines to manage capacity cautiously, international travel demand remained robust. The company expects the year-end tourism season to continue driving flight numbers and passenger recovery.
For the quarter, BAFS Group generated total revenue of 839.5 million baht, down 4%, while net profit rose 8% to 60.5 million baht with earnings per share of 0.07 baht and a net profit margin of 6%. EBITDA fell 5% to 402.2 million baht year-on-year due to efficient cost and expense management. For the first six months, net profit increased 7% to 212.3 million baht with earnings per share of 0.29 baht and a net profit margin of 10%.
The board approved an interim dividend of 0.13 baht per share for the first half of 2025, with a record date of 28 August 2025 and payment date of 10 September 2025.
Regarding the jet fuel supply contract at Suvarnabhumi Airport due to expire in 2025, the company was informed by Airports of Thailand (AOT) that it may continue operations under existing terms and conditions pending completion of the new operator selection process. This continuity supports Thailand's goal of becoming a regional aviation hub.
