OR Records THB260 Billion of Sales Revenue and Offers THB0.15 Dividend Payout

PTT Oil and Retail Business Public Company Limited (SET: OR) announced its 2022 consolidated financial statement through the Stock Exchange of Thailand as follows;

Year 2022 2021
Net Profit (Loss)
Million Baht
10,370.40 11,474.03
Earning Per Share
0.8600 0.9900
% Change -9.62

OR reported a net profit of THB 10,370 million in 2022, decreased 9.62% from a net profit of THB 11,474 million in 2021.

Revenue from sales and services rose by THB 260,871 million (+54.9%), mainly from the higher average selling prices as global oil prices surged and from the overall increase in sales volume by 3,701 mml (+16.0%) due to the reopening of the country leading to the recovery of tourism and related service sectors. Mainly from the commercial market, sales volume increased by 2,345 mml (+20.6%) from aviation fuel due to increased air travel. Furthermore, fuel oil and diesel increased from power plants due to a surge in natural gas prices including the expansion of bunker sales overseas.

On the retail market side, sales volume rose by 1,356 mml (+11.5%) mainly from diesel owing to the delay in retail price adjustments at the PTT Stations to help alleviate the burden on the Thai people. Gasoline rose from higher passenger car demand after the COVID-19 situation was resolved. In addition, there were 78 new PTT Stations in 2022.

In 2022, net operating expenses increased by 16.8%, mainly from transportation expenses in line with the sales volume growth, public relation, and repair and maintenance expenses.

In 4Q/2 2 , the Lifestyle business has a combined network of 4,126 F&B business outlets, comprising 3 ,875 Cafe Amazon outlets in Thailand—classified as 2,147 outlets located in PTT Stations and 1,728 outlets outside of PTT Stations, or 55.4% and 44.6%, respectively—along with 20 Cafe Amazon outlets overseas, 107 Texas Chicken outlets, 124 outlets of other F&B comprising Pearly Tea and Pacamara Coffee Roasters and for Other business we recorded 2,147 convenience stores under the 7-Eleven and Jiffy brands in Thailand.

Cafe Amazon, under the F&B business in 4Q/22, recorded 90 million cups sold in this quarter, a decrease of 3 million cups (-3.2%) compared to 3Q/22, because of extra cups sold in the last quarter due to the promotional activities. For the year 2022, there were 357 million cups sold, an increase of 59 million cups sold (+19.8%) compared to 2021 mainly from network expansion and improving the COVID-19 situation.


In addition, OR offered a dividend payout of THB0.15 to be paid on 28 April 2023. The ex-dividend date is on 28 February 2023.