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.
| 9M25 | 9M24 | 2024 | 2023 |
|---|
| Revenues | 168,027.34 | 167,533.97 | 226,383.20 | 199,224.29 |
| Expenses | 166,421.74 | 165,677.23 | 223,927.22 | 196,898.04 |
| Net Profit (Loss) | 707.15 | 793.41 | 1,021.80 | 944.06 |
| Assets | 55,205.09 | 49,592.05 | 51,752.41 | 46,931.86 |
| Liabilities | 45,636.85 | 40,402.97 | 42,470.47 | 38,006.08 |
| Shareholders' Equity | 9,354.29 | 8,963.41 | 9,048.51 | 8,780.33 |
| Operating | 5,700.06 | 3,732.69 | 4,469.47 | 5,944.09 |
| Investing | -5,443.10 | -4,403.59 | -5,936.87 | -3,010.36 |
| Financing | 232.54 | -58.95 | 299.12 | -1,624.10 |
| EPS (Baht) | 0.42 | 0.48 | 0.61 | 0.57 |
| GP Margin (%) | 7.75 | 6.67 | 6.66 | 6.61 |
| NP Margin (%) | 0.42 | 0.48 | 0.46 | 0.48 |
| D/E Ratio (x) | 4.77 | 4.40 | 4.58 | 4.26 |
| ROE (%) | 10.21 | 15.42 | 11.46 | 11.15 |
| ROA (%) | 4.58 | 5.88 | 5.23 | 5.11 |
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 business grew 1.6% YoY in 3Q2025, outperforming
the market’s 0.2% drop, driven by strong Mogas demand.
- PunThai Coffee reached 1,885 branches, reflecting
67.4% YoY growth or an average of 2 branches/day.
Revenue from Sales and Services for 9M2025 totaled 167,608 MB, rose by 0.3% YoY, mainly from the Non-Oil Business, which grew by 36.7% YoY to 17,074 MB. PunThai Coffee Business posted strong growth of 139.3% YoY to 3,686 MB, supported by branches expansion, SSSG from the return of loyalty members, and the launch of continuous marketing campaigns. The LPG Business generated 7,688 MB, a 10.6% YoY increase, due to higher LPG sales volume, while The WTE Power Plant Business recognized 332 MB along with the accounting recognition under TFRIC 12. The Oil Business generated 150,534 MB in revenue, a 2.7% YoY decrease due to lower oil sales volume pressure by sluggish domestic oil demand and a decrease in average retail prices in line with global oil prices. The Company’s revenue contribution from Oil and Non-Oil Businesses was 89.8% and 10.2%, respectively.
Cost of Sales and Services was 154,817 MB, declined by 0.9% YoY. Gross Profit rose by 16.7% YoY to 12,792 MB, driven by the Non-Oil Business gross profit, which grew by 71.1% YoY to 4,588 MB from PunThai’s expansion and strong repeat purchase from customers, lead to lifting in the Non-Oil Business’ gross profit contribution rising to 35.9%, compared to 24.5% in 9M2024. Meanwhile, the Oil Business saw a slight 0.9% YoY decline in gross profit to 8,203 MB, accounting for 64.1% of total gross profit.
SG&As totaled 11,605 MB, increasing by 22.1% YoY from higher employee-related expenses, depreciation, and advertising, promotional, and service expenses, aligned with the Company’s business expansion. Nevertheless, expenses remained within the targeted budget range. The Company recorded EBITDA of 4,918 MB, increasing by 7.1% YoY, and Net Profit dropped by 12.0% YoY to 709 MB.
- Launched "PT GIGA EV", an urban compact EV station
with efficient space use, easy access, and integrated lifestyle services.
- Launched "PT Max Rest" Nakhon Chai Si, a 16-rai
integrated rest area combining fuel and LPG stations with leading PTG Non-Oil Business.
- Investment in Thai Paiboon Equipment Co., Ltd.: the
Company Increased the total registered capital in TPB, a waste management business, up to 33.33%
- Atlas Energy Pub Co., Ltd.: listed on the SET, with the
Company retaining a 70.5% ownership stake.
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.
- PunThai Coffee was ranked 3rd for the "Most Trusted
Modern Coffee Shop" by BrandAge.
- Received the “Outstanding Organization for Senior
Employment and Income Support 2025” award by MSDHS.
- Ranked #48 in the Fortune Southeast Asia 500 for
the Second Consecutive Year, which went up from #58.
- Received the Product of the Year Awards 2025 from
Business+ and three additional HR-related awards.
| as of 30/09/25 | PTG | ENERG | SET |
|---|---|---|---|
| P/E (X) | 19.19 | 12.51 | 16.67 |
| P/BV (X) | 1.68 | 0.91 | 1.21 |
| Dividend yield (%) | 3.80 | 4.64 | 3.67 |
| 30/09/25 | 30/12/24 | 28/12/23 | |
|---|---|---|---|
| Market Cap (MB) | 15,364.00 | 13,694.00 | 14,612.50 |
| Price (B/Share) | 9.20 | 8.20 | 8.75 |
| P/E (X) | 19.19 | 10.30 | 36.11 |
| P/BV (X) | 1.68 | 1.53 | 1.77 |
