Mr. Chairit Simaroj, Chairman of the Executive Board and Managing Director of Susco Public Company Limited (SET: SUSCO), Thailand’s leading fuel distribution and integrated energy business operator, stated that in 2026, the company will continue to pursue business expansion, both in oil and non-oil businesses, to ensure sustainable long-term growth.
Currently, the company is diversifying its investments into high-potential businesses, such as automobile and electric vehicle (EV) sales, in cooperation with leading partners like BYD and DENZA. Sales figures continue to grow in a positive direction.
SUSCO has already installed EV-Chargers in more than 55 service stations, with 137 charging points, and plans to install an additional 6 charging points at the SUSCO Square Pinklao project, with an aim to further expand the EV charging network to support the growth of the electric vehicle market and increasing consumer demand.
Additionally, the company has expanded into car hire-purchase and rental services to address the needs of modern consumers seeking flexible and cost-effective vehicle options, including rental services for government agencies, state enterprises, and private companies.
Most recently, SUSCO officially launched its new community mall project “SUSCO SQUARE Pinklao” to enhance its service offerings and attract customers to its service stations. A total of four branches are now operating in Bangkok Metropolitan Area, with the Pinklao branch being the largest, covering an area of approximately 10 rai, accommodating more than 200 parking spaces.
This new location gathers leading restaurant and service brands to create a complete lifestyle experience, which is expected to boost revenue both directly from fuel sales and area rental income, as well as indirectly from increased service frequency and customer base, all contributing to brand strengthening in the long term.
Mr. Chairit noted that for 2026, SUSCO aims to seek additional top-tier partners from both oil and non-oil sectors to expand its business base and customer reach. The company also plans to increase the number of service stations to drive total annual revenue growth by 8%, as it moves towards becoming a full-fledged ‘Smart Energy & Mobility Solutions Provider.’
The company set a total investment budget of THB 400 million this year to upgrade and expand SUSCO service stations to meet the needs of modern consumers, targeting 10 new stations and planning to increase the total to 300 stations within two years (currently 266).
There is also a plan to expand BYD EV showrooms, under the name “BYD SUSCO Beyond,” with one more showroom in Sing Buri province, bringing the total to 12, targeting EV sales at 3,800 units, following last year’s success.
SUSCO outlined a vision for growth into the new energy business, transforming its service stations into integrated retail ecosystems aligned with modern consumer demands through the “Retail Magnet Strategy.”
The strategy focuses on drawing customers into retail spaces via leading partner brands and well-known lifestyle businesses, enhancing the one-stop service experience to meet evolving consumer behaviors.
In terms of revenue structure, currently, 85% of the company’s revenue comes from fuel sales and 15% from non-oil businesses, which includes EV charging and partner shops. Income from partner stores accounts for about 3% of total revenue and falls under non-oil, directly supporting profitability.
SUSCO aims to grow revenue from non-oil businesses to an average of THB 20 million per month over the next three years, to ensure the long-term stability of financial results.
Regarding business expansion, SUSCO intends to launch its fifth community mall project in 2026, with a total budget of THB 100 million this year, planning to cover all four corners of the city, with site selection for the next phase currently underway.
