Bangkok Aviation Fuel Services Public Company Limited (BAFS) revealed in its Earnings Call that the company has adjusted its total revenue target for this year to 3,670 million baht, close to last year's 3,700 million baht, impacted by the Middle East situation early in the year. Meanwhile, the trend for Q3/2026 is expected to be similar to last year but slightly better than the previous quarter. Average daily fuel uplift at Suvarnabhumi and Don Mueang airports in August increased to 13.9 million liters per day from 13.6 million liters per day the previous month, and airline load factor remains high at 80%. The company aims to boost EBITDA from energy and utility businesses to 40% of the group within five years, while increasing solar capacity by 5–10 megawatts per year. The Northern Oil Pipeline Project Phase 3, the Saraburi–Ang Thong route spanning 52 kilometers, is 93% complete and is expected to commence operations by the end of this year. The company also targets an increase in pipeline oil volume of 700–800 million liters per year, which would drive revenue of Big C Petroleum Transport Company Limited (BPT) to grow about 10% per year in the first three years, and increase market share from 40% in 2026 to 62% the following year. Meanwhile, the company is confident it will be selected to continue managing the fuel concession at Suvarnabhumi Airport for a 3-year 6-month term, based on its excellent service record over the past 20 years.
Bangkok Aviation Fuel Services Public Company LimitedBAFS raised its 2026 revenue target to 3,670 million baht and aims to lift energy/utility EBITDA to 40% of the group within five years.
