PTT Oil and Retail Business pcl

05/07/2026 | Press release | Archived content

Financial Statement 1Q2026 - Financial Statement

BS

PTT Oil and Retail Business Public Company Limited
Statements of financial position
As at 31 March 2026
(Unit: Baht)
Consolidated financial statements Separate financial statements
Note 31 March 2026 31 December 2025 31 March 2026 31 December 2025
(Unaudited (Audited) (Unaudited (Audited)
but reviewed) but reviewed)
Assets
Current assets
Cash and cash equivalents 43,547,128,442 33,238,885,435 39,505,030,036 27,073,049,237
Investments in short-term financial assets 8,005,765,368 6,924,948,217 8,003,452,113 6,922,682,882
Trade accounts receivable 2 29,992,452,656 23,684,027,992 25,489,092,902 23,226,877,714
Other current receivable 3 25,510,424,451 11,564,844,864 23,506,676,398 9,395,270,245
Short-term lending 4.3 - - 490,222,500 749,950,246
Current portion of long-term lending 4.4 - - 50,000,000 50,000,000
Inventories and supplies 37,051,951,097 32,988,280,180 33,745,460,404 30,062,049,681
Other current financial assets 560,340,180 41,847,468 533,981,508 41,847,468
Other current assets 424,062,872 410,442,565 180,136,096 219,799,690
Total current assets 145,092,125,066 108,853,276,721 131,504,051,957 97,741,527,163
Non-current assets
Investments in long-term financial assets 4,892,962,055 4,754,966,978 375,559,108 386,809,107
Investments in subsidiaries 5.1 - - 25,661,426,303 25,361,426,303
Investments in joint ventures 5.2 4,674,794,492 2,528,585,226 545,400,000 545,400,000
Investments in associates 5.3 7,058,419,340 6,100,116,634 12,986,940,061 12,086,940,061
Long-term lending 4.4 185,400,000 173,700,000 2,799,400,000 2,787,700,000
Investment properties 1,335,194,868 1,307,311,923 1,292,424,312 1,087,482,063
Property, plant and equipment 6 46,019,747,877 46,608,773,241 42,567,460,109 43,295,039,246
Right-of-use assets 7.1 11,946,797,199 12,013,869,322 8,790,646,170 8,868,087,183
Goodwill 3,483,578,072 3,483,578,072 12,798,967,715 12,798,967,715
Other intangible assets other than goodwill 8 4,358,155,836 4,579,067,599 23,237,663,539 24,009,326,610
Deferred tax assets 5,948,368,192 6,049,184,420 - -
Other non-current assets 1,549,367,963 1,478,978,874 1,061,294,604 1,061,116,046
Total non-current assets 91,452,785,894 89,078,132,289 132,117,181,921 132,288,294,334
Total assets 236,544,910,960 197,931,409,010 263,621,233,878 230,029,821,497
The accompanying notes are an integral part of the financial statements.
PTT Oil and Retail Business Public Company Limited
Statements of financial position (continued)
As at 31 March 2026
(Unit: Baht)
Consolidated financial statements Separate financial statements
Note 31 March 2026 31 December 2025 31 March 2026 31 December 2025
(Unaudited (Audited) (Unaudited (Audited)
but reviewed) but reviewed)
Liabilities and shareholders' equity
Current liabilities
Bank overdrafts and short-term borrowings
from financial institutions 2,044,788,598 3,192,125,933 - -
Trade accounts payable 72,791,347,448 32,793,077,338 65,041,114,780 30,280,415,255
Other current payable 4,662,193,200 6,189,900,219 3,748,798,371 5,097,826,977
Short-term borrowings 4.7 - - 360,748,960 231,844,663
Current portion of long-term borrowings 9 2,608,268,057 3,087,471,835 2,584,300,340 3,063,531,494
Current portion of lease liabilities 7.2 1,225,537,222 1,135,998,071 989,666,379 917,963,858
Income tax payable 1,157,035,729 434,928,006 1,061,675,285 358,254,043
Short-term provision for decommissioning costs 20,105,303 23,316,570 5,303,208 5,283,703
Other current financial liabilities 2,774,641,862 114,185,179 2,774,641,862 114,185,179
Other current liabilities 1,373,647,191 1,613,821,470 1,250,264,284 1,532,605,127
Total current liabilities 88,657,564,610 48,584,824,621 77,816,513,469 41,601,910,299
Non-current liabilities
Long-term borrowings 9 3,213,389,962 7,026,601,481 3,183,754,703 6,990,963,058
Lease liabilities 7.2 9,058,429,210 9,122,353,674 6,818,612,284 6,882,493,080
Deferred tax liabilities 132,744,271 542,571,418 108,255,170 518,083,089
Non-current provisions for employee benefits 3,323,803,856 3,233,750,108 2,991,364,342 2,914,517,654
Long-term provision for decommissioning costs 376,763,931 378,747,110 179,577,858 175,751,384
Deposits on LPG cylinders 13,326,280,132 13,328,814,002 13,326,280,132 13,328,814,002
Other non-current liabilities 1,948,053,601 1,892,797,711 1,763,677,047 1,716,499,308
Total non-current liabilities 31,379,464,963 35,525,635,504 28,371,521,536 32,527,121,575
Total liabilities 120,037,029,573 84,110,460,125 106,188,035,005 74,129,031,874
The accompanying notes are an integral part of the financial statements.
PTT Oil and Retail Business Public Company Limited
Statements of financial position (continued)
As at 31 March 2026
(Unit: Baht)
Consolidated financial statements Separate financial statements
31 March 2026 31 December 2025 31 March 2026 31 December 2025
(Unaudited (Audited) (Unaudited (Audited)
but reviewed) but reviewed)
Shareholders' equity
Share capital
Registered 120,000,000,000 120,000,000,000 120,000,000,000 120,000,000,000
Issued and fully paid-up 120,000,000,000 120,000,000,000 120,000,000,000 120,000,000,000
Share premium 23,496,507,923 23,496,507,923 23,496,507,923 23,496,507,923
Surplus from the change in the ownership
interests in subsidiaries 26,944,535 26,944,535 - -
Deficit on business combination
under common control (67,991,415,889) (67,991,415,889) - -
Retained earnings
Appropriated - legal reserve 2,603,364,000 2,526,293,000 2,603,364,000 2,526,293,000
Unappropriated 39,563,750,409 37,224,903,450 12,267,181,419 10,802,843,169
Other components of shareholders' equity (1,253,334,663) (1,525,657,395) (933,854,469) (924,854,469)
Equity attributable to owners of the Company 116,445,816,315 113,757,575,624 157,433,198,873 155,900,789,623
Non-controlling interests of the subsidiaries 62,065,072 63,373,261 - -
Total shareholders' equity 116,507,881,387 113,820,948,885 157,433,198,873 155,900,789,623
Total liabilities and shareholders' equity 236,544,910,960 197,931,409,010 263,621,233,878 230,029,821,497
The accompanying notes are an integral part of the financial statements.
(M.L. Peekthong Thongyai) (Miss Wilaiwan Kanjanakanti)
Chief Executive Officer Senior Executive Vice President, Finance

PL

(Unaudited but reviewed)
PTT Oil and Retail Business Public Company Limited
Statement of income
For the three-month period ended 31 March 2026
(Unit: Baht)
Consolidated financial statements Separate financial statements
Note 2026 2025 2026 2025
Sales and service income 176,125,474,364 182,421,860,193 162,232,600,511 169,267,863,105
Cost of sales and services 165,741,378,540 172,786,796,984 153,005,107,979 160,970,364,767
Gross profit 10,384,095,824 9,635,063,209 9,227,492,532 8,297,498,338
Other income 473,283,968 494,965,778 487,392,016 404,746,094
Gain (loss) on foreign exchange rates 291,160,474 (76,931,947) 295,271,450 (80,102,498)
Gain (loss) on derivatives (2,434,339,362) 238,716,020 (2,459,644,710) 247,165,028
Profit before expenses 8,714,200,904 10,291,813,060 7,550,511,288 8,869,306,962
Selling and distribution expenses 4,118,553,607 4,019,091,484 4,884,105,965 4,618,215,847
Administrative expenses 1,508,013,459 1,256,552,369 602,265,207 457,646,648
(Reversal of) allowance for expected credit loss 53,835,297 (460,196,198) 20,914,267 (449,902,716)
Operating profit 3,033,798,541 5,476,365,405 2,043,225,849 4,243,347,183
Share of profit from investments
in joint ventures and associates 215,208,610 204,239,490 - -
Profit before finance costs and income taxes 3,249,007,151 5,680,604,895 2,043,225,849 4,243,347,183
Finance costs 208,927,559 263,289,418 144,991,124 201,456,720
Profit before income taxes 3,040,079,592 5,417,315,477 1,898,234,725 4,041,890,463
Income tax expenses 626,842,935 1,037,535,860 356,825,475 807,578,097
Profit for the period 2,413,236,657 4,379,779,617 1,541,409,250 3,234,312,366
Profit (loss) attributable to
Equity holders of the Company 2,414,752,175 4,379,483,632 1,541,409,250 3,234,312,366
Non-controlling interests of the subsidiaries (1,515,518) 295,985
2,413,236,657 4,379,779,617
Earnings per share
Basic earnings per share 0.20 0.36 0.13 0.27
The accompanying notes are an integral part of the financial statements.
(Unaudited but reviewed)
PTT Oil and Retail Business Public Company Limited
Statement of comprehensive income
For the three-month period ended 31 March 2026
(Unit: Baht)
Consolidated financial statements Separate financial statements
2026 2025 2026 2025
Profit for the period 2,413,236,657 4,379,779,617 1,541,409,250 3,234,312,366
Other comprehensive income:
Items to be reclassified to profit or loss
in subsequent periods
Exchange differences on translation of
financial statements in foreign currency 276,606,128 13,869,804 - -
Share of other comprehensive income from
investment in joint ventures 11,462,408 (5,053,475) - -
Items not to be reclassified to profit or loss
in subsequent periods
Loss on equity investments designated
at fair value (18,193,115) (197,438,452) (11,250,000) (180,000,000)
Income taxes related to equity investments
designated at fair value 2,654,640 36,291,720 2,250,000 36,000,000
Share of other comprehensive income from
investment in joint ventures 1,165,784 (948,028) - -
Other comprehensive income for the period 273,695,845 (153,278,431) (9,000,000) (144,000,000)
Total comprehensive income for the period 2,686,932,502 4,226,501,186 1,532,409,250 3,090,312,366
Total comprehensive income attributable to
Equity holders of the Company 2,688,240,691 4,226,376,391 1,532,409,250 3,090,312,366
Non-controlling interests of the subsidiaries (1,308,189) 124,795
2,686,932,502 4,226,501,186
The accompanying notes are an integral part of the financial statements.

Consolidated

(Unaudited but reviewed)
PTT Oil and Retail Business Public Company Limited
Statement of changes in shareholders' equity
For the three-month period ended 31 March 2026
(Unit: Baht)
Consolidated financial statements
Equity attributable to owners of the Company
Other components of shareholders' equity
Other comprehensive income
Surplus from Deficit on Exchange differences Share of other Total other Total equity Equity attributable
Issued and the change in the business Retained earnings on translation of comprehensive Changes in components of attributable to to non-controlling Total
fully paid-up ownership interests combination under Appropriated financial statements income from fair value of shareholders' owners of interests shareholders'
share capital Share premium in subsidiaries common control - legal reserve Unappropriated in foreign currency joint ventures equity investments equity the Company of the subsidiaries equity
Balance as at 1 January 2025 120,000,000,000 23,496,507,923 26,944,535 (67,991,415,889) 2,079,468,000 31,913,096,998 (1,104,156,401) (86,003,027) 562,803,438 (627,355,990) 108,897,245,577 63,729,015 108,960,974,592
Profit for the period - - - - - - 4,379,483,632 - - - - 27,956,994 4,379,483,632 295,985 4,379,779,617
Other comprehensive income for the period - - - - - (948,028) 13,882,133 (5,053,475) (160,987,871) (152,159,213) (153,107,241) (171,190) (153,278,431)
Transfer to retained earnings - - - - - (178,987) - - 178,987 178,987 - - -
Transfer to legal reserve - - - - 161,716,000 (161,716,000) - - - - - - -
Balance as at 31 March 2025 120,000,000,000 23,496,507,923 26,944,535 (67,991,415,889) 2,241,184,000 36,129,737,615 (1,090,274,268) (91,056,502) 401,994,554 (779,336,216) 113,123,621,968 63,853,810 113,187,475,778
Balance as at 1 January 2026 120,000,000,000 23,496,507,923 26,944,535 (67,991,415,889) 2,526,293,000 37,224,903,450 (1,912,278,248) (117,368,761) 503,989,614 (1,525,657,395) 113,757,575,624 63,373,261 113,820,948,885
Profit (loss) for the period - - - - - 2,414,752,175 - - - - 2,414,752,175 (1,515,518) 2,413,236,657
Other comprehensive income for the period - - - - - 1,165,784 276,337,611 11,462,408 (15,477,287) 272,322,732 273,488,516 207,329 273,695,845
Transfer to retained earnings - - - - - - - - - - - - -
Transfer to legal reserve - - - - - 77,071,000 - (77,071,000) - - - - - - -
Balance as at 31 March 2026 120,000,000,000 23,496,507,923 26,944,535 (67,991,415,889) 2,603,364,000 39,563,750,409 (1,635,940,637) (105,906,353) 488,512,327 (1,253,334,663) 116,445,816,315 62,065,072 116,507,881,387
The accompanying notes are an integral part of the financial statements.
- 0
- 0

The Company only

(Unaudited but reviewed)
PTT Oil and Retail Business Public Company Limited
Statement of changes in shareholders' equity (continued)
For the three-month period ended 31 March 2026
(Unit: Baht)
Separate financial statements
Other components of
sharehoders' equity
Other comprehensive
income
Issued and Retained earnings Changes in Total
fully paid-up Appropriated fair value of shareholders'
share capital Share premium - legal reserve Unappropriated equity investments equity
Balance as at 1 January 2025 120,000,000,000 23,496,507,923 2,079,468,000 7,863,170,178 (802,689,242) 152,636,456,859
Profit for the period - - - 3,234,312,366 - 3,234,312,366
Other comprehensive income for the period - - - - (144,000,000) (144,000,000)
Transfer to legal reserve - - 161,716,000 (161,716,000) - -
Balance as at 31 March 2025 120,000,000,000 23,496,507,923 2,241,184,000 10,935,766,544 (946,689,242) 155,726,769,225
Balance as at 1 January 2026 120,000,000,000 23,496,507,923 2,526,293,000 10,802,843,169 (924,854,469) 155,900,789,623
Profit for the period - - - 1,541,409,250 - 1,541,409,250
Other comprehensive income for the period - - - - (9,000,000) (9,000,000)
Transfer to legal reserve - - 77,071,000 (77,071,000) - -
Balance as at 31 March 2026 120,000,000,000 23,496,507,923 2,603,364,000 12,267,181,419 (933,854,469) 157,433,198,873
The accompanying notes are an integral part of the financial statements.

CF

(Unaudited but reviewed)
PTT Oil and Retail Business Public Company Limited
Cash flow statement
For the three-month period ended 31 March 2026
(Unit: Baht)
Consolidated financial statements Separate financial statements
2026 2025 2026 2025
Cash flows from operating activities
Profit before tax 3,040,079,592 5,417,315,477 1,898,234,725 4,041,890,463
Adjustment of profit before income taxes to net cash provided by
(used in) operating activities
Depreciation and amortisation 2,042,181,807 1,849,095,638 2,313,113,964 2,106,371,260
(Reversal of) allowance for expected credit loss 53,835,297 (460,196,198) 20,914,267 (449,902,716)
(Reversal of) reduction of inventory cost to net realisable value 601,831 30,346 (10,321,141) (2,145,790)
Loss on sales of assets 18,740,775 145,201,293 14,376,998 156,055,510
Reversal of impairment loss on non-financial assets (30,129,438) (142,986,125) (93,157,388) (143,080,963)
Share of profit from investments in joint ventures
and associates (215,208,610) (204,239,490) - -
Non-current provisions for employee benefits 92,237,419 75,384,171 80,327,301 62,277,417
Unrealised gain on exchange rates (251,052,989) (80,341,339) (282,727,352) (19,285,225)
(Gain) loss on measuring fair value of financial assets 2,140,117,375 (68,378,705) 2,168,322,643 (67,539,050)
Dividend income - (6,069,657) - (5,959,200)
Interest income (161,831,455) (215,793,635) (173,458,381) (195,549,889)
Finance costs 208,927,559 263,289,418 144,991,124 201,456,720
Others 26,172,509 25,764,987 26,172,509 25,764,987
Profit from operating activities before
changes in operating assets and liabilities 6,964,671,672 6,598,076,181 6,106,789,269 5,710,353,524
Operating assets (increase) decrease
Trade accounts receivable (6,063,177,548) 1,906,235,280 (2,137,733,920) 2,394,709,030
Other current receivable (13,837,477,213) 255,032,648 (14,018,694,973) (202,640,385)
Inventories and supplies (4,075,380,161) (728,110,128) (3,684,196,995) 40,867,282
Other current assets (15,089,893) 152,343,753 38,194,007 133,833,414
Other assets (76,521,133) (38,572,215) (3,619,006) 11,326,148
Operating liabilities increase (decrease)
Trade accounts payable 39,787,727,559 (3,134,601,882) 34,742,105,746 (4,164,247,346)
Other current payable (851,466,310) (2,836,748,183) (855,762,096) (1,343,386,086)
Other current liabilities (243,385,545) (163,171,375) (282,340,843) (159,998,540)
Deposits on LPG cylinders (2,533,870) 58,379,620 (2,533,870) 58,379,620
Other non-current liabilities 41,027,870 27,365,274 43,171,567 24,811,088
Cash flows from operating activities 21,628,395,428 2,096,228,973 19,945,378,886 2,504,007,749
Income taxes paid (112,533,553) (110,188,900) (60,982,151) (53,424,899)
Net cash flows from operating activities 21,515,861,875 1,986,040,073 19,884,396,735 2,450,582,850
The accompanying notes are an integral part of the financial statements.
(Unaudited but reviewed)
PTT Oil and Retail Business Public Company Limited
Cash flow statement (continued)
For the three-month period ended 31 March 2026
(Unit: Baht)
Consolidated financial statements Separate financial statements
2026 2025 2026 2025
Cash flows from investing activities
Increase in investment in short-term financial assets (1,000,002,920) (177,544) (1,000,000,000) - 0
Decrease in short-term lending - - 279,636,346 252,015,302
Cash payment of long-term lending (11,700,000) (49,950,000) (11,700,000) (99,950,000)
Cash payment of investments in long-term financial assets (9,483,578) (33,964,945) - -
Cash proceeds from disposals of investment
in long-term financial asset - 12,933,592 - -
Cash payment of investments in subsidiaries - - (300,000,000) (110,000,000)
Cash payment of investments in joint ventures and associates (2,926,664,650) (110,000,000) (900,000,000) -
Cash payment of property, plant and equipment
and investment properties (1,065,041,256) (1,352,805,903) (758,396,161) (1,114,262,156)
Cash payment of right-of-use assets (16,724,005) (34,461,790) (16,694,335) (34,461,790)
Cash payment of other intangible assets other than goodwill (250,915,472) (390,016,724) (249,151,437) (378,011,493)
Cash proceeds from disposals of property, plant and equipment
investment properties and right-of-use assets 123,625,773 4,372,403 97,162,414 4,027,272
Cash proceeds from other intangible assets other than goodwill 13,032 - - -
Interests received 38,204,132 27,433,657 64,978,162 49,376,407
Dividends received 150,000,000 6,069,657 - -
Net cash flows used in investing activities (4,968,688,944) (1,920,567,597) (2,794,165,011) (1,431,266,458)
Cash flows from financing activities
Increase (decrease) in bank overdrafts and
short-term borrowings (1,173,031,436) 700,408,390 128,904,297 (5,595,483)
Cash payment of long-term borrowings (4,297,561,500) (4,541,190,000) (4,291,500,000) (4,537,500,000)
Cash payment of lease liabilities (612,499,222) (614,424,313) (502,897,269) (482,635,602)
Interest paid (114,062,646) (170,611,765) (62,990,295) (128,428,531)
Dividends paid (1,079,594) (1,033,243) (1,079,594) (1,033,243)
Net cash flows used in financing activities (6,198,234,398) (4,626,850,931) (4,729,562,861) (5,155,192,859)
Effects of changes in exchange rates 75,003,819 (8,255,642) 71,311,936 762,663
Exchange differences on translation (115,699,345) 81,430,913 - -
Net increase (decrease) in cash and cash equivalents 10,308,243,007 (4,488,203,184) 12,431,980,799 (4,135,113,804)
Cash and cash equivalents at beginning of period 33,238,885,435 47,230,976,659 27,073,049,237 39,315,082,922
Cash and cash equivalents at end of period 43,547,128,442 42,742,773,475 39,505,030,036 35,179,969,118
Supplemental cash flow information
Non-cash transactions
Increase in accounts payable for purchase
property, plant and equipment and investment properties 215,468,256 339,287,017 165,432,341 165,886,239
Increase in accounts payable for purchase
other intangible assets other than goodwill 49,074,584 24,465,664 48,822,531 23,788,214
Increase in lease liabilities 527,639,382 504,574,543 433,164,195 364,114,404
Transfer of supplies to property, plant and equipment 11,107,413 5,095,389 11,107,413 5,095,389
The accompanying notes are an integral part of the financial statements.
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