PTG Energy Public Company Limited consists of eight groups of businesses as follows:
In this regard, the Company is determined to operate the business with the aim of satisfying consumers' needs in a comprehensive manner.
| 2024 | 2023 | 2022 | 2021 |
|---|
| Revenues | 226,383.20 | 199,224.29 | 179,785.88 | 134,088.17 |
| Expenses | 223,927.22 | 196,898.04 | 177,178.99 | 131,897.69 |
| Net Profit (Loss) | 1,021.80 | 944.06 | 934.08 | 1,006.37 |
| Assets | 51,752.41 | 46,931.86 | 45,134.87 | 44,384.20 |
| Liabilities | 42,470.47 | 38,006.08 | 36,859.78 | 36,184.36 |
| Shareholders' Equity | 9,048.51 | 8,780.33 | 8,151.30 | 8,095.13 |
| Operating | 4,469.47 | 5,944.09 | 5,121.37 | 5,336.46 |
| Investing | -5,936.87 | -3,010.36 | -2,626.74 | -2,383.53 |
| Financing | 299.12 | -1,624.10 | -2,125.06 | -2,193.20 |
| EPS (Baht) | 0.61 | 0.57 | 0.56 | 0.60 |
| GP Margin (%) | 6.66 | 6.61 | 6.79 | 7.68 |
| NP Margin (%) | 0.46 | 0.48 | 0.53 | 0.76 |
| D/E Ratio (x) | 4.58 | 4.26 | 4.45 | 4.41 |
| ROE (%) | 11.46 | 11.15 | 11.50 | 12.60 |
| ROA (%) | 5.23 | 5.11 | 5.45 | 5.54 |
The Company is committed to conducting its business in alignment with the vision of connecting people to a life of “Well-Being and Contentedness,” aiming to raise the Non-Oil gross profit contribution to 50% by 2028 through 6 core strategies: 1. accelerating Non-Oil business growth, targeting 5,000 Punthai Coffee branches; 2. strengthening brand ; 3. expanding digital networks and partnerships via the Max Me platform to better serve over 25 million PT Max Card members; 4. enhancing customer experience by bringing Max World to users’ fingertips through the Max Me ; 5. developing talent to embrace change; and 6. driving sustainability across all dimensions, with a goal to achieve carbon neutrality by 2030, supporting the energy transition and ensuring long-term, sustainable growth that creates value for customers, partners, communities, and the environment.
The Company is committed to creating shared value for society, communities, and the environment, reflecting its vision of “connecting people to a life of well-being and Contentedness,” while upholding good governance principles and supporting the United Nations Sustainable Development Goals (SDGs) through four key sustainability strategies: strong governance, delivering meaningful stakeholder experiences, driving organizational excellence, and fostering inclusive value creation.
For more information, please visit:
https://www.ptgenergy.co.th/Sustainable/SustainableDevelopmentStrategy
- Oil sales through PT stations +12.9% YoY), outpacing industry tenfold (+0.4% YoY).
- Punthai Coffee revenue surged 82.6% YoY, with 465 new branches, expanding to 1,347 branches (+1.3/day).
- Launched ‘Max Card Plus EV’ to expand the electric vehicle user base and strengthen the Max World.
- Partnered with MFU, RFD, and BAAC to grow forests, support farmers, and source locally for Punthai Coffee.
Revenue from Sales and Services in 2024 totaled 225,813 MB, increasing by 13.6% YoY, driven by the Oil business, which contributed 92.0% of total revenue or 207,855 MB, marking a 12.3% YoY increase. The Non-Oil business recorded revenue of 17,958 MB, reflecting a rise of 31.2% YoY and , increasing its contribution from 6.9% in the last year to 8.0%.
The Cost of Sales and Services rose 13.5% YoY to 211,043 MB, resulting in a Gross Profit of 14,770 MB, marking a 14.3% YoY increase or 1,848 MB higher than the last year, mainly led by the Oil business, which accounted for 75.0% of the total gross profit or 11,082 MB, up 8.9% YoY, supported by strong fuel sales volume across all channels and SSSG of over 10% YoY, driven by consistent customer. The Non-Oil business posted a 34.5% YoY increase in gross profit to 3,688 MB, raising its contribution from 21.2% in 2023 to 25.0% in 2024.
SG&A expenses totaled 12,884 MB, increasing by 17.0% YoY, mainly from higher employee-related expenses, asset depreciation, and advertising, promotional, and service expenses, in line with the Company’s ongoing business expansion. The Company recorded an EBITDA of 6,198 MB, representing a 8.8% YoY increase. The Net Profit grew by 7.9% YoY, rising from 966 MB to 1,042 MB.
- Invested in Paisan Capital Co., Ltd. ("Paisan"): Acquired a 33.33% stake in Paisan, engaged in hire-purchase financing for second-hand trucks.
- Invested in Thai Paiboon Equipment Co., Ltd. ("TPB"): Acquired a 10% stake in TPB, a company specializing in RDF and waste management. Following a capital increase, the Company’s shareholding rose to 31.56%.
- Expanded F&B business through the Subway brand: GFA Corporation (Thailand) Co., Ltd. ("GFA"), a subsidiary, established Goluck Co., Ltd. ("GL") with a 70% shareholding to operate F&B businesses, holding the Master Franchise for the “Subway” brand in Thailand. A new subsidiary, Gosubway Co., Ltd. ("GS"), was also established to manage Subway stores.
- Established Max Alphabet Co., Ltd. ("MAC"): Max Me Corp Co., Ltd. ("MMC"), a subsidiary, established and holds 59.99% in MAC to provide enterprise solutions including software, hardware, and related technologies.
The Company applies COSO RM framework based enterprise risk management across all levels, with regular reviews to reduce uncertainties and support sustainable operations. See Section 2: Risk Management in the Form 56-1 One Report for details.
- Ranked 58th by Fortune Southeast Asia 500 Magazine.
- received its third consecutive CAC certification
- Received 2 HR Asia awards
| as of 30/12/24 | PTG | ENERG | SET |
|---|---|---|---|
| P/E (X) | 10.30 | 13.07 | 19.33 |
| P/BV (X) | 1.53 | 1.01 | 1.40 |
| Dividend yield (%) | 4.27 | 4.95 | 3.23 |
| 30/12/24 | 28/12/23 | 30/12/22 | |
|---|---|---|---|
| Market Cap (MB) | 13,694.00 | 14,612.50 | 24,215.00 |
| Price (B/Share) | 8.20 | 8.75 | 14.50 |
| P/E (X) | 10.30 | 36.11 | 28.42 |
| P/BV (X) | 1.53 | 1.77 | 2.82 |