PTT Oil and Retail Business Public Company Limited (OR), the retail and lifestyle subsidiary of Thailand’s energy giant PTT Group, has reported its highest-ever quarterly profit in Q1 2025, fuelled by robust cross-border expansion and a firm commitment to environmental, social, and governance (ESG) principles.
The company posted revenue of THB 182.4 billion in the first quarter, with net profit soaring to THB 4.38 billion marking a 46% increase from the previous quarter and a 17.6% rise year-on-year. Earnings before interest, tax, depreciation, and amortisation (EBITDA) also surged to THB 6.48 billion, up 32.7% quarter-on-quarter and 5.0% from the same period last year.
Driving this stellar performance were stronger margins across key segments, cost discipline, and improved operational efficiency particularly in Laos, Cambodia, and the Philippines. Gross profit per litre saw a notable increase, while the Lifestyle segment benefited from resilient consumer demand and tighter cost controls. Despite margin pressure in the Mobility segment due to soft aviation fuel spreads, cost reductions in personnel and outsourcing kept overall performance solid.
The company also booked THB 657 million in equity investment gains, further bolstering its profitability and underscoring the strength of its diversified growth strategy.
“This quarter’s performance reflects the resilience of our business model and the clarity of our long-term direction,” said ML Peekthong Thongyai, CEO of OR. “We are expanding with purpose, delivering value for people, prosperity for communities, and care for the planet.”
At the heart of OR’s growth is its People-Performance-Planet framework, guiding investment, innovation, and regional expansion. The company’s clean mobility push is epitomised by the nationwide rollout of EV Station PluZ, now available in all 77 provinces of Thailand.
Simultaneously, OR’s flagship brand, Café Amazon, continues to grow its presence across Southeast Asia, with 391 outlets operating outside Thailand. In Q1 2025 alone, Café Amazon sold over 112 million cups, highlighting its increasing regional popularity.
OR’s Global Business segment saw a 30.8% year-on-year rise in sales volume and an 81.5% jump in EBITDA. The company now boasts 415 PTT Stations and 391 Café Amazon stores across countries including Cambodia, Laos, Vietnam, the Philippines, Malaysia, Oman, Saudi Arabia, Bahrain, and Japan.
“This isn’t just about selling fuel or coffee,” said Peekthong. “It’s about building platforms that empower local economies, foster entrepreneurship, and deliver long-term, sustainable growth.”
That philosophy is embodied in OR’s “They Grow, We Grow” approach, which emphasises empowering local partners as a cornerstone of its international expansion.
Beyond energy, OR is aggressively advancing its lifestyle and digital ventures. Non-oil operations accounted for 27.5% of Q1 EBITDA, with strong contributions from retail, food & beverage, and franchising. The company is also embracing the circular economy, digital innovation, and sustainable products to build long-term value.
In a major strategic pivot, OR is preparing to enter the virtual banking space. By leveraging its vast commercial network and customer base, the company aims to offer accessible, personalised financial services transforming itself into a holistic, daily-life platform for consumers.
The company’s financial strength remains robust, with TRIS Rating reaffirming OR’s corporate credit rating at AA+ with a stable outlook for the third consecutive year.
