PTT Oil and Retail Business Public Company Limited, or OR, reported second-quarter 2026 results swinging to a net loss of 1.774 billion baht from a net profit of 2.231 billion baht a year earlier. This dragged first-half 2026 net profit down 90.33 percent to 639 million baht. Although total revenue rose 23.0 percent to 205.667 billion baht, the company booked a net oil stock loss and net realizable value loss of up to 10.6 billion baht, as global oil prices fell sharply late in the quarter. Total oil sales volume also dropped 16 percent from the previous quarter, and the Global business was hit by the Thailand-Cambodia conflict. The Lifestyle business continued to grow well, with Café Amazon sales rising to 117 million cups. Analysts from Krungsri Securities and Land & Houses Securities expect OR to return to profit in the third quarter of 2026 as oil stock pressure eases, and recommend buying with a highest target price of 16.10 baht.
PTT Oil and Retail Business Public Company LimitedNet loss of 1.774 billion baht in Q2 2026 due to oil stock losses and NRV loss of 10.6 billion baht.
