OR Q3 Net Profit Surges to 5.1 Billion Baht
PTT Oil and Retail Business (OR) posted a net profit of 5.138 billion baht in the third quarter of 2026, reversing a loss from the previous quarter as EBITDA more than doubled to 7.5 billion baht. The turnaround was fueled by higher fuel margins in Thailand and stronger overseas operations, while the company continues expanding its retail, EV charging and food-service networks.
OR revealed its third-quarter 2026 results, showing a distinct turnaround with net profit of 5.138 billion baht, up 6.912 billion baht from the prior quarter. Revenue from sales and services came in at 184.425 billion baht, down 10.3% quarter-on-quarter, while EBITDA surged over 100% to 7.508 billion baht. Earnings per share reached 0.43 baht. Key drivers included the Mobility business, where average gross margin per litre rose on diesel and gasoline, and the Global business, which improved in the Philippines, Laos and Cambodia, alongside a reduction in overall operating expenses, though the Lifestyle segment eased slightly.
For the first nine months of 2026, OR recorded revenue of 566.2 billion baht, up 12.5% year-on-year on growth across all segments. Mobility and Global revenues rose 11.6% and 22.5% respectively, tracking higher average selling prices aligned with global oil markets, even as total sales volumes dipped. Nine-month EBITDA fell 7.9% to 14.661 billion baht due to lower average gross margin per litre on aviation fuel and the impact of the Thailand-Cambodia border dispute on Global operations in Cambodia.
The Lifestyle business continued expanding, with Café Amazon selling 116 million cups, up 6.4% from last year, driven by new outlets and marketing. The food and beverage network totalled 5,108 outlets at the end of Q3, comprising 5,015 Café Amazon branches and 93 other restaurants.
The company also advanced its energy and lifestyle footprint, adding 12 PTT Stations and growing EV Station PluZ to 1,373 locations with 3,110 DC fast-charging points, 34 EV Hubs, and ultra-fast charging technology up to 480 kW. A partnership with Minor Food Group will roll out four brands — The Pizza Company, Dairy Queen, The Steak & More and CHIHO Ramen — targeting over 150 outlets by 2030. Café Amazon aims for eight outlets in Bangka Belitung this year and more than 100 in the future.
On the digital front, OR is pushing its Digital & AI Transformation via the blueplus+ app, which now has over 10.5 million members, linking services and benefits across the ecosystem while scaling Energy as a Service (EaaS) offerings in solar, energy management and EV charging.
ML Peekthong Thongyai said that despite a challenging business environment, the Q3 rebound reflects the company's resilience and flexibility. OR will pursue a balance between growth, future investment and sustainable operations to create long-term value for shareholders, customers, communities and society.
