Bangchak Posts Record 9-Month Profit of 28.2 Billion Baht

Bangchak reported 9-month revenue of 508.4 billion baht, EBITDA of 66.7 billion baht, and net profit of 28.2 billion baht — the highest in the company's history. Bangchak Corporation Public Company Limited CEO Chaiwat Kovavisarach revealed that the group's first nine months of 2026 delivered record growth from integrated value-chain management and operational efficiency, with key support from the refinery, marketing, bioenergy, and natural resources segments. For the first nine months, the group recorded revenue of 508,377 million baht, EBITDA of 66,683 million baht, and net profit of 28,232 million baht, reflecting strong growth versus the same period last year. The refinery business particularly benefited from increased production capacity and improved crack spreads, posting revenue of 444,794 million baht and EBITDA of 35,946 million baht, up more than 100%. Combined average refinery throughput at the two plants reached 271,600 barrels per day, with a core refinery margin of 18.10 dollars per barrel after adjusting for diesel price reduction measures. The company recognized a 7,776 million baht gain from oil inventory and stock revaluation, despite a 15,242 million baht loss from oil hedging. Another key driver was the new energy business, with the Sustainable Aviation Fuel (SAF) unit — commercially operational since May 2026 — averaging 6,700 bpd production and selling 92.8 million liters. Combined contributions from SAF, Bangchak Hong Kong (BHK), and Synergy totaled approximately 9,000 million baht. The marketing business generated 354,652 million baht in revenue and 6,534 million baht EBITDA, up 48% on a higher net marketing margin of 0.92 baht per liter. BHK contributed 656 million baht EBITDA in Q3, with 2,194 domestic service stations and a 28.6% market share through stations. Bioenergy posted 2,193 million baht EBITDA, more than doubling on higher biodiesel and ethanol sales. Natural resources revenue reached 29,009 million baht with 17,199 million baht EBITDA, up 21% on higher average oil, condensate, and natural gas prices tracking global markets. For Q3/2026, the group recorded revenue of 182,296 million baht, EBITDA of 22,920 million baht, and net profit of 9,849 million baht. EBITDA fell 12% quarter-on-quarter due to a planned 28-day maintenance shutdown at the Bangchak Sriracha refinery and oil hedging impacts, but still rose over 100% year-on-year. The company continues to expand its energy business and enhance end-to-end supply chain management to strengthen long-term competitiveness and navigate the energy transition.