ATLAS Profit Surges 24% in Q3 from Solid Expansion in LPG Business

Atlas Energy Public Company Limited (SET: ATLAS) has announced 3Q25 consolidated financial statement through the Stock Exchange of Thailand as follows:

Quarter 3Q25 3Q24
Net Profit (Loss)
Million Baht
72.16 58.06
Earning Per Share
(Baht)
0.0722 0.0581
% Change 24.28
9 Months 2025 2024
Net Profit (Loss)
Million Baht
227.86 230.46
Earning Per Share (Baht) 0.23 0.23
% Change -1.13

 

ATLAS reported a net profit in 3Q25 of Baht 72.16 million, an increase of Baht 14.1 million or 24.28% compared to the previous year. The increased net profit was in line with the continued expansion of the LPG distribution business.

For the third quarter of 2025 (3Q/2025), the company’s total revenue amounted to 2,866.4 million baht, an increase of 202.5 million baht YoY. The growth was driven by higher revenue from both petroleum product sales and service income.

For 3Q25, the company recorded revenue from LPG sales in the automotive sector of 1,804.5 million baht, an increase of 112.6 million baht YoY. The increase was primarily driven by the continuous growth in LPG sales volume during the period.

In the third quarter, the company achieved a gross profit of 415.4 million baht, representing an increase of 46.2 million baht YoY. The main reason for this growth was the continued increase in LPG sales volume across all customer segments during the period.

The company recorded selling and administrative expenses (SG&A) of 406.9 million baht for 3Q25, rising by 48.0 million baht YoY. The increase in selling expenses was primarily attributable to the continued expansion of the LPG distribution business.

Major components of SG&A expenses included employee compensation, depreciation and amortization, and various service-related expenses, such as LPG transportation services, electronic card reader (Smart EDC) service fees, and LPG storage and throughput service fees incurred from the company’s utilization of LPG storage facilities operated by third-party service providers.