PTT GCRegulatory · 2026-03-31 00:00

The Company reports a net profit of 3,232 million baht for Q1 2026, driven by higher product prices and increased sales volumes after refinery maintenance.

The company achieved a net profit of 3,232 million baht in Q1 2026, with sales revenue increasing significantly to 146,936 million baht due to higher product prices from crude oil trends and increased petrochemical sales after refinery and aromatics plant maintenance.

This performance reflects the company's ability to capitalize on market conditions, including Middle East supply disruptions, and its strategic portfolio management, despite challenges like commodity hedging losses and asset impairments.

Fast Facts

·Net Profit Q1 2026: 3,232 million baht
·Sales Revenue Q1 2026: 146,936 million baht (up 59% QoQ, 11% YoY)
·Adjusted EBITDA Q1 2026: 14,846 million baht (up >200% QoQ, 176% YoY)
·Key drivers: Higher crude oil prices, increased sales after refinery/aromatics maintenance.
·Asset divestment/restructuring gains: 3,300 million baht (TTT shares and port assets).
·Asset impairment/restructuring provisions: 6,561 million baht (GCP, GCA, PTTMCC).
·Olefins Feedstock Security Enhancement (OFS) project: US ethane import, commercial operation by 2029.
·Government diesel price reduction: 2-5 baht/liter (April 9 - May 19, 2026).

Petrochemicals

Refining

Oil & Gas

Source

The Company reports a net profit of 3,232 million baht for Q1 2026, driven by higher product prices and increased sales volumes after refinery maintenance.