PTT Oil and Retail Business Public Company Limited, or OR, reported a net loss of 1.8 billion baht for the second quarter of 2026, swinging from a net profit of 2.4 billion baht in the previous quarter. The main driver was the Mobility business, which recorded an EBITDA loss of 1.3 billion baht as the average gross profit per liter fell to 0.24 baht, weighed by oil stock losses including net realizable value adjustments totaling as high as 11 billion baht. Domestic oil sales volume dropped 16.2 percent from the prior quarter. The Global business posted an EBITDA loss of 512 million baht, while the Lifestyle business saw EBITDA edge down to 2.0 billion baht. Research analysts estimate full-year 2026 net profit at 6.0 billion baht, down 47.3 percent from the previous year, and expect net profit in the third quarter of 2026 to recover as gross margins return to around 1 baht per liter, with a 2026 target price of 13.8 baht per share.
PTT Oil and Retail Business Public Company LimitedOR reported a net loss of 1.8 billion baht in Q2 2026 due to oil stock losses, with EBITDA losses in Mobility and Global businesses.
