PTT Public Company Limited (SET: PTT) posted a net profit of THB 19.78 billion for the third quarter of 2025, a 21.2% increase from the same period last year. The rise in earnings was mainly attributed to ongoing efficiency improvement initiatives, cost reduction measures, and gains from debenture buybacks by affiliates like Thai Oil (SET: TOP) and PTT Global Chemical (SET: PTTGC), which are expected to lower future interest expenses.
Over the first nine months of 2025, PTT and its subsidiaries recorded a net profit of THB 64.63 billion, down 20% year-on-year, impacted by weaker oil prices and product margins amid global economic pressures. However, proactive strategies such as EBITDA uplift, asset monetization, expense control, and effective debt management helped PTT achieve more than THB 15 billion in profit enhancement and maintain its interim dividend at THB 0.90 per share.
PTT’s core mission remains ensuring Thailand’s energy security, promoting sufficient supply at competitive, sustainable prices. The company continues to strengthen its hydrocarbon business, expand exploration and production, and invest in new domestic and international projects, such as the Malaysia–Thailand Joint Development Area Block A-18 and the Algeria Touat project. PTT has also achieved significant progress in LNG trading, handling more than 2.2 million tons in the first nine months, and is negotiating a long-term supply deal.
PTT’s non-hydrocarbon strategy includes divesting non-core assets within the EV value chain and life sciences, reflecting a focus on disciplined portfolio management. The company seeks to support Lotus Pharmaceutical’s growth in the U.S. and follows a self-funding growth approach.
PTT is committed to sustainability, targeting net-zero greenhouse gas emissions by 2050 and a 15% reduction by 2035. The company is collaborating with authorities on carbon capture and storage (CCS) technologies, launching a CCS project in the Gulf of Thailand by 2028, and exploring the potential for hydrogen and ammonia as alternative energy sources.
Key operational highlights for the first nine months include:
- Supply chain and marketing collaborations delivering THB 3.6 billion in benefits
- MissionX project aimed at operational excellence and cost efficiency, targeting an EBITDA uplift of THB 10 billion this year
- Advancements in digital transformation, including AI adoption and staff reskilling
- Asset monetization through optimized use of infrastructure
- Solid financial management, with robust cash reserves supporting future investments
PTT retains strong liquidity, reporting EBITDA of THB 258 billion and THB 414 billion in cash and short-term investments.
In addition to its core activities, PTT continues its social commitment—providing disaster relief, supporting the arts, developing new public green spaces, and offering energy price relief and electric vehicle station discounts during major Thai festivals.
PTT also commemorated Her Majesty Queen Sirikit The Queen Mother with ceremonies and volunteer activities, including the distribution of refreshments at Sanam Luang throughout the year of mourning, starting late November 2025.
