Mr. Teeraphan Disayabutara, Chief Financial and Sustainability Officer of PTG Energy Public Company Limited (SET: PTG), stated that the company targets oil sales growth of 1-3% in 2025 compared to the previous year. However, due to the economic slowdown, the company remains focused on operational efficiency, noting that the third quarter was a low season.
Meanwhile, the fourth quarter of 2025 is expected to be a high season, which should drive higher oil demand. It is therefore estimated that the company will still be able to achieve its sales targets. The Non-Oil business aims for annual growth of 30-40%; for the past nine months, it has grown by 36.7%. The gross profit margin is projected at 35-40%.
As of 3Q25, the company operates 2,250 PT service stations nationwide, which may fall short of the target of 2,279 stations by year-end. Still, the company continues to focus on qualitative growth, emphasizing refurbishment of existing stations to modernize them and better serve consumer demand in each area. As a result, the company’s market share in retail sales channels stands at 21.5%.
Furthermore, by the end of 3Q25, Punthai Coffee had 1,885 branches, and it is likely to surpass the year-end target of 1,947 branches.
PTG also continues to develop and diversify its Non-Oil businesses through affiliated brands, such as PT LPG and cooking gas stations, Max Mart, Coffee World, Subway, Autobacs, Max Camp, Maxnitron, EleX by EGAT PT, as well as the new GIGA EV service stations. Its membership base of over 27 million nationwide continues to serve as a key driver for growth.
Regarding the Refuse Derived Fuel (RDF) project under the renewable energy business, Palangngan Pattana 5 Co., Ltd. (PP5), a subsidiary of PTG, invested in a community waste-to-electricity project in Ban Pru Municipality, Songkhla Province. The project consists of an RDF plant and a Waste-to-Energy (WTE) plant, capable of processing about 650 tons of community waste per day.
Currently, the RDF plant has already commenced operations in 3Q25, converting community waste into RDF fuel. The 4.5-megawatt waste-to-energy plant has signed a power purchase agreement with the Provincial Electricity Authority (PEA) and is expected to achieve its scheduled commercial operation date (SCOD) by the end of this year or 1Q26, due to flooding in the South Region. Revenue recognition from PP5 is anticipated at approximately THB 200-300 million per year.
