PTT Public Company Limited (SET: PTT) has announced its 2024 consolidated financial statement through the Stock Exchange of Thailand as follows:
| Year | 2024 | 2023 |
| Net Profit (Loss) Million Baht |
90,072.03 | 112,023.88 |
| Earning Per Share (Baht) |
3.1500 | 3.9200 |
| % Change | -19.60 | |
PTT reported a net profit of Baht 90,072million in 2024, which decreased by Baht 21,952 million or 19.6% from 2023 at Baht 112,024 million from lower EBITDA as aforementioned, combined with higher depreciation and amortization expenses and lower gain on foreign exchange. Moreover, in 2024, there was loss on recognition of non-recurring items (PTT’s portion) after tax approximately Baht 4,500 million mainly from impairment loss and provision of Vencorex Group and PTTAC of GC, approximately Baht 10,500 million. While, in 2023, there was gain on recognition of non-recurring items approximately Baht 300 million mainly from gain on divestment of Cash-Maple project of PTTEP.
In2024, PTT and its subsidiaries reported EBITDA of Baht 396,234 million, decreased by Baht 30,661 million or 7.2% from 2023 of Baht 426,895 million mainly from Petrochemical and Refining business’s performance. Refining business had lower performance, from lower Market GRM as well as higher stock loss adjusted to NRV. PTT and its subsidiaries’ stock loss adjusted to NRV in 2024 was approximately Baht 13,000 million, whereas in 2023, there was a loss of approximately Baht 2,000 million. However, Petrochemical business’ performance improved from higher product spreads and sales volume.
Meanwhile, Gas business’ performance decreased mainly from GSP business due to higher cost according to the implementation of Single Pool Gas policy, in spite of higher average selling price and sales volume. While S&T business’s and NGV business’s performance increased due to lower gas cost following pool gas price. Moreover, TM business’s performance increased following higher pipeline reserved volume from higher demand. Oil and Retail business experienced a decline in performance from both lower average gross margin per liter and sales volume, mostly in diesel and gasoline.
Nevertheless, Exploration and Production business’s performance increased from increasing sales revenue as aforementioned, despite higher operating expenses, which resulted from higher maintenance activities.
Additionally, the Board of Directors approved a dividend payment of THB1.30 per share to be paid on 29 April 2025. The ex-dividend date is 6 March 2025.
