PTT Oil and Retail Business Public Company Limited, or OR, reported a net loss of 1.77 billion baht for the second quarter of 2026, hit by volatile global oil prices. The company booked an oil inventory loss of around 8 to 9 billion baht and a net realizable value loss of around 2 billion baht. Excluding these two items, the core business remained profitable, with a marketing margin of 0.74 baht per litre. The company expects the second quarter of 2026 to be the low point of the year, and the third quarter of 2026 to recover to near-normal levels. OR is also pressing ahead with its electric vehicle business, targeting a 10 percent share of its mobility portfolio within five to six years, and expanding Café Amazon in South Asia, with its first branch in Bangladesh and an initial target of 100 outlets.
PTT Oil and Retail Business Public Company LimitedReports Q2 net loss due to oil inventory losses and NRV loss, though core business profitable.
