OR Rakes in Over 2.4 Billion Baht in Q1 Profit – Café Amazon Sales Surge to 112 Million Cups
OR reported first-quarter net profit of 2.4 billion baht, up 16.2% from the previous quarter, with Café Amazon surging to 112 million cups sold and strong growth across all business segments.
OR announced first quarter 2025 results with net profit of 2,415 million baht, up 16.2% from the previous quarter, translating to earnings per share of 0.20 baht. EBITDA climbed to 7,100 million baht, representing a 59.8% increase from the prior quarter, with contributions from all business segments. Revenue from sales and services totaled 176,125 million baht, up 13.2% or 20,590 million baht from the previous quarter.
Hemavadee Piktong Thongyai, CEO of PTT Oil and Retail Business Company Limited (OR), highlighted that growth came from all business units. The Mobility segment expanded 59.8%, though average gross profit per liter declined due to government price controls preventing price adjustments and hedging losses. The Lifestyle segment grew 19.9%, with notable strength in food and beverage retail and other businesses, particularly Café Amazon which sold 112 million cups, up 3 million cups or 2.8% from the previous quarter. The Global segment surged over 100%, primarily driven by operations in the Philippines with improved diesel margins and Laos with better gross profit margins across all products.
OR maintained its "AA+" corporate credit rating from Tris Ratings with a stable outlook for the fourth consecutive year, reflecting strong financial condition and market leadership in petroleum products. The company also invested 55.41% stake in Thai Pipeline Network Company Limited (TPN) through its subsidiary Modulus, acquiring pipeline transportation infrastructure from Saraburi to Northeast Thailand to strengthen infrastructure, improve operational efficiency, and enhance competitive capabilities for sustainable growth.
Hemavadee emphasized that OR continues supporting Thai citizens across all circumstances, managing oil supply to the fullest capacity during Middle East tensions to ensure nationwide energy accessibility and sufficiency, while pursuing strategies to strengthen brand value and national energy security.
