PTT Oil and Retail Business Public Company Limited (OR), the retail and lifestyle arm of Thailand’s PTT Group, posted a record net profit of THB 4.38 billion (USD 134.1 million) for the first quarter of 2025—a 46% jump quarter-on-quarter and 17.6% increase year-on-year—underpinning the company’s strong regional momentum and environmental, social, and governance (ESG)-led expansion.
Total revenue for Q1 2025 reached THB 182.4 billion (USD 5.5 billion), with EBITDA climbing 32.7% from the previous quarter to THB 6.48 billion (USD 198.7 million) . Gains were driven by improved gross profit per litre, tighter cost controls, and growth in both global and lifestyle segments—particularly in Laos, the Philippines and Cambodia.
OR’s CEO, M.L. Peekthong Thongyai, said the results highlight the resilience of its diversified business model, which is built on the “People-Performance-Planet” framework. This approach is guiding the group’s investments, innovations, and cross-border expansion.
The company continues to expand EV Station PluZ, now covering all 77 provinces in Thailand, and has increased its Café Amazon footprint to 391 outlets outside the country, with more than 112 million cups sold in Q1 alone. Overall, OR operates 415 PTT Stations and 391 Café Amazon outlets across Asia and the Middle East, including in Vietnam, Malaysia, Oman, and Japan.
OR’s global business segment recorded a 30.8% year-on-year increase in sales volume and an 81.5% rise in EBITDA. Meanwhile, non-oil operations contributed 27.5% of Q1 EBITDA, fuelled by retail, F&B, and franchising success.
The company is also laying the groundwork for future growth in digital finance by preparing to enter the virtual banking space, leveraging its expansive commercial network and customer database.
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