Pitirat Rattanachote, Investor Relations Manager of PTT Oil and Retail Business Public Company Limited (SET: OR), shared the business overview during the Opportunity Day event organized by the Stock Exchange of Thailand (SET) on March 3, 2025.
The company reported a net profit of THB 7,650.31 million for 2024, with total sales and service revenue of THB 723,958 million. The majority of this revenue was attributed to their Lifestyle division, driven by the expansion of food and beverage retail outlets, as well as the Global division due to increased oil sales volume primarily in the Philippines.
In 1Q25, the business continues to show promising growth trends across all segments, particularly in the oil business, with sales volume expected to increase by approximately 3-5%.
The Lifestyle Business, both domestically and internationally, shows positive revenue growth, with an EBITDA margin projected between 26-30%.
For 2025, OR has set a revenue growth target of approximately 3-5% for its oil business. The company plans to expand its service stations by approximately 100 new stations within the year.
The anticipated energy prices are expected to range between $73-79 per barrel. The market conditions show stability without significant fluctuations, necessitating effective inventory management strategies to mitigate risks from potential stock losses.
Investment for 2025 is budgeted around THB 19 billion, categorized into four main areas:
- Service Station Expansion (around 40% of the investment budget) focuses on opening approximately 100 new service stations and enhancing energy infrastructure, including investments in electric vehicle (EV) charging stations.
- Lifestyle Business (around 39% of the investment budget) concentrates on expanding Café Amazon branches, renovating existing stores, and allocating funds for potential mergers and acquisitions (M&A).
- Global Business (around 15% of the investment budget) targets expanding service stations and Café Amazon in international markets, with a focus on Cambodia due to its high growth potential.
- Investments in Innovation and Digital Platforms represent a minor portion of the budget, aimed at enhancing Digital Platforms to support Mobility and Lifestyle Business efficiency.
Pitirat added that OR aims to increase market share in 2025 through strategic marketing and campaigns, developing marketing campaigns that effectively meet customer needs. Additionally, introducing accessible and impactful promotions aims to expand the customer base in both the oil station market and the commercial market.
Currently, OR is progressing on key projects expected to conclude and yield results within this year, particularly by mid-year. The Lifestyle Business plans to introduce new brands to replace those that have ceased, such as Texas Chicken and Ohkajhu, which have seen halted investments.
In the Mobility Business, significant project discussions are underway, with completion anticipated by the end of this year or extending into the next. Further details will be announced as clarity improves.
In conclusion, the Thai economy is expected to grow between 2.3 – 3.3%, primarily driven by the recovering tourism and service sectors, while exports are anticipated to grow gradually in alignment with the global economic recovery, Pitirat concluded.
