Demonstrating strong momentum from its strategy deeply rooted in ESG principles across its energy and lifestyle businesses, leading Thai energy and retail company, PTT Oil and Retail Business Public Company Limited (OR), achieved record earnings in the first quarter of 2025.
Under its People-Performance-Planet framework, OR is advancing a low-carbon future, circular economy initiatives, and inclusive growth across its operations.
Key ESG and Sustainability Highlights:
Clean Mobility Leadership: Expansion of EV Station PluZ to all 77 provinces in Thailand, accelerating the transition to sustainable transportation.
Sustainable Retail Growth: Café Amazon continues its regional expansion with 391 international outlets, selling over 112 million cups in Q1 alone, while promoting ethical sourcing and local entrepreneurship.
Circular Economy & Digital Innovation: Investments in sustainable products, waste reduction, and digital platforms to enhance long-term value creation.
Empowering Communities: OR’s “They Grow, We Grow” philosophy strengthens local economies through partnerships, job creation, and skills development in ASEAN markets.
Regional Expansion with a Sustainable Vision
- OR’s Global Business segment saw a 30.8% year-on-year sales volume increase, with EBITDA soaring 81.5%. The company now operates:
- 415 PTT Stations
- 391 Café Amazon outlets
Across Cambodia, Laos, Philippines, Vietnam, Malaysia, Oman, Saudi Arabia, Bahrain, and Japan—reinforcing its role as a regional sustainability leader.
Strong Financial Performance Driven by Sustainable Growth
OR reported THB 182.4 billion in revenue for the quarter, with net profit surging to THB 4.38 billion. This represents a remarkable 46% increase from the previous quarter and a 17.6% rise year-on-year. EBITDA climbed to THB 6.48 billion, up 32.7% quarter-on-quarter and 5.0% year-on-year. These gains were significantly driven by its Global and Lifestyle businesses, alongside rigorous cost discipline and margin improvements.
Operational efficiencies and higher gross profit per liter, particularly in Laos, the Philippines, and Cambodia, contributed an additional THB 311 million to EBITDA compared to the same period last year. Consumer resilience and tighter cost controls also bolstered margins in OR’s Lifestyle segment. Despite pressure on Mobility margins from softer spreads, especially in aviation fuel, overall performance remained robust due to reduced personnel and outsourcing costs. Equity investment gains further boosted the bottom line by THB 657 million, underscoring the strength of OR’s diversified and sustainable growth engine.
Leadership Perspective
“Our Q1 success reflects the strength of our sustainable business model,” said M.L. Peekthong Thongyai, CEO of OR. “We’re not just expanding—we’re creating shared value for communities, fostering green innovation, and ensuring that growth today doesn’t compromise tomorrow’s resources.”
A Greener, More Inclusive Future
OR is deepening its presence in ASEAN and emerging markets through organic growth, joint ventures, and strategic alliances, all while maintaining its commitment to net-zero ambitions, social impact, and ethical governance.
