PTG’s 3Q25 Net Profit Soars on Non-Oil Business Surge despite Revenue Dip

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

Quarter 3Q25 3Q24
Net Profit (Loss)
Million Baht
211 74
Earning Per Share
(Baht)
0.1200 0.0400
% Change 185.4
     
9 Months 2025 2024
Net Profit (Loss)
Million Baht
709.00 806.00
Earning Per Share (Baht) 0.4200 0.4800
% Change -12.03 

 

PTG reported a net profit of THB 211 million, showing an increase of 185.4% compared to the same period of 2024. The significant Year-on-Year growth was mainly driven by the expansion of gross profit and a higher contribution from the Non-Oil Business, together with improved gross margin per liter in the Oil Business and higher share of profit from investments.

As for Revenue from Sales and Services, the company reported a total of THB 53.70 billion, representing a decrease of 1.3% YoY. The decline was primarily attributable to the Oil Business, following a decrease in the average retail oil price by 5.8% YoY, in line with the global oil price that remained at a relatively low and stable level.

The Company recorded Gross Profit of THB 4.42 billion, increasing 25.3% YoY. The improvement was mainly driven by higher contributions from the Non-Oil Business, particularly the aforementioned PunThai Coffee Business. The Non-Oil Business accounted for 39.3% of total Gross Profit.

Meanwhile, the Oil Business also reported an improvement in Gross Profit, supported by appropriate alignment with the Oil Fund, which contributed to the recovery of Gross Margin per Liter compared to both the same period last year and the previous quarter.

The Non-Oil Business continued to exhibit robust growth, with revenue expanding 41.8% YoY, driven by the strong performance of the PunThai Coffee Business, which recorded revenue of THB 1.50 billion, up 163.3% YoY.

The growth was underpinned by the continuous expansion to 1,885 branches, increasing 67.4% YoY, together with sustained Same Store Sales (SSS) growth at a high level of 40–50% YoY, reflecting PunThai’s strong brand equity and its ability to maintain growth momentum amid a softening economic environment.