OR Records THB11 Billion of Net Profit in 2024 with Dividend Payment of THB0.27

PTT Oil and Retail Business Public Company Limited (SET: OR) has announced its 2023 consolidated financial statement through the Stock Exchange of Thailand as follows;

Year 2023 2022
Net Profit (Loss)
Million Baht
11,094.07 10,370.40
Earning Per Share
0.9200 0.8600
% Change 6.98

OR reported a net profit of THB 11,094 million, an increase of THB 724 million (+7.0%) from 2022. The increase was an increase in EBITDA of THB 598 million, although sales and services decreased by THB 20,561 million, mainly from the lower average selling prices resulting from the lower global oil prices. However, sales volume increased due to the economic recovery of countries in the region, including the return of the tourism sector, leading to higher sales volume, especially in aviation fuel. The overall average gross profit per liter of Mobility Business was at the same level, and Global business declined in accordance with market conditions. Lifestyle business continued to grow. 

OR recorded total assets of THB 220,236 million, a decrease of THB 5,268 million from the end of 2022, mainly due to a decrease in other receivables from the Oil Fuel Fund. OR recorded total liabilities of THB 110,728 million, a decrease of THB 11,015 million, mainly from long-term loan repayments. Shareholders’ equity registered at THB 109,508 million, an increase of THB 5,747 million primarily from net profit during the period, offset by the dividend payment of THB 4,800 million. 


In 4Q/23, the Lifestyle business had a combined network of 4,402 F&B business outlets, comprising 4,159 Cafe Amazon outlets in Thailand classified as 2,232 outlets located in PTT Stations and 1,927 outlets outside of PTT Stations, or 53.7% and 46.3%, respectively, along with 22 Cafe Amazon outlets overseas, 100 Texas Chicken outlets, and 121 outlets of other F&B. 

For the Other retail business, OR recorded 2,227convenience stores under the 7-Eleven and Jiffy brands in Thailand.   

Cafe Amazon, under the F&B business in 4Q/23, recorded 95 million cups sold this quarter, an increase of 3 million cups (+3.2%) compared to 3Q/23 due to seasonal factors. 


As of 31 December 2023, OR had installed “EV Station PluZ” in 859 locations with 1,618 DC connectors, including 681 installed inside service stations (with 545 in operations) and 178 installed outside service stations (with 160 in operations). The number of additional locations in 2023 surpassed the previously established target, and OR has expanded EV Station PluZ, covering all 77 provinces nationwide.  

In addition, the Board of Directors approved a dividend payment of THB0.27 per share from retained earnings to be paid on 29 April 2024. The ex-dividend date is 23 February 2024.