Latest news with #recordearnings
Zawya
08-07-2025
- Business
- Zawya
PTT Oil and Retail Business Posts Record Q1 2025 Profit, Extends Regional Growth with ESG-Led Expansion
BANGKOK, THAILAND - Media OutReach Newswire - 8 July 2025 - PTT Oil and Retail Business Public Company Limited (OR), the retail and lifestyle arm of Thailand's PTT Group, reported record earnings for the first quarter of 2025, signaling strong momentum from its cross-border expansion and ESG-driven strategy across energy and lifestyle verticals. The company posted THB 182.4 billion in revenue for the quarter, with net profit rising to THB 4.38 billion—a 46% increase from the previous quarter and 17.6% higher year-on-year. EBITDA climbed to THB 6.48 billion, up 32.7% quarter-on-quarter and 5.0% year-on-year, driven by gains in its Global and Lifestyle businesses alongside cost discipline and margin improvements in key segments. Higher gross profit per liter and operational efficiency, particularly in Laos, the Philippines, and Cambodia, helped lift EBITDA by THB 311 million compared to the same period last year. Consumer resilience and sharper cost control also buoyed margins in OR's Lifestyle segment. While Mobility margins were pressured by softer spreads—especially in aviation fuel—overall performance held firm on reduced personnel and outsourcing costs. Equity investment gains added THB 657 million, contributing to the bottom line and further affirming the group's diversified growth engine. "This quarter's performance reflects the resilience of our business model and the clarity of our long-term direction," said M.L. Peekthong Thongyai, Chief Executive Officer of OR. "We are expanding with purpose—delivering value for people, prosperity for communities, and care for the planet." At the center of that strategy is OR's People-Performance-Planet framework, which underpins its approach to investment, innovation, and regional growth. The expansion of EV Station PluZ, now present in all 77 provinces of Thailand, underscores the company's commitment to clean mobility. At the same time, OR's signature brand Café Amazon continues to scale across Southeast Asia, with 391 outlets outside Thailand and over 112 million cups sold in Q1 alone. OR's Global Business segment reported a 30.8% year-on-year increase in sales volume, with EBITDA rising 81.5%. The company now operates 415 PTT Stations and 391 Café Amazon outlets across Asia, including Cambodia, Laos, Philippines, Vietnam, Malaysia, Oman, Saudi Arabia, Bahrain, and Japan "This isn't just about selling fuel or coffee," Peekthong said. "It's about building platforms that empower local economies, foster entrepreneurship, and deliver long-term, sustainable growth." The strategy echoes OR's "They Grow, We Grow" philosophy, which emphasizes empowering local partners as the foundation of international expansion. Outside the energy sphere, OR continues to sharpen its lifestyle and digital businesses. Non-oil operations contributed 27.5% of Q1 EBITDA, led by strong performance in retail, food & beverage, and franchising. The company is also investing in circular economy models, digital platforms, and sustainable products to reinforce long-term value creation. Looking ahead, OR is positioning for entry into the virtual banking sector, leveraging its wide-reaching commercial network and extensive customer database to offer personalized, accessible financial services. The move is seen as a natural extension of its strategy to become a daily-life platform for consumers. The company's financial health remains solid. TRIS Rating reaffirmed OR's corporate credit rating at AA+ with a stable outlook for the third consecutive year, reflecting both financial discipline and strategic continuity. Armed with that momentum, OR is pushing deeper into ASEAN and new frontier markets through a blend of organic expansion, joint ventures, and strategic alliances. The ambition to transform from a national champion into a future-ready regional enterprise at the nexus of energy, retail, and sustainability. Hashtag: #OR The issuer is solely responsible for the content of this announcement. About OR PTT Oil and Retail Business Public Company Limited (OR) is a leading Thai energy and retail company with operations across 10 countries. OR operates through four core business groups: Mobility Business, providing energy solutions via PTT Station, PTT Lubricants, PTT LPG, and EV Station PluZ; Lifestyle Business, featuring Café Amazon, one of Asia's largest coffee chains, along with convenience stores and space management; Global Business, driving international growth with over 415 PTT Stations and 391 Café Amazon outlets; and OR Innovation Business, developing new ventures and sustainable solutions through technology and innovation. PTT Oil and Retail Business Public Company Limited (OR)
Daily Mail
18-06-2025
- Business
- Daily Mail
AO World scores record profits despite loss-making mobile arm
AO World enjoyed record earnings last year despite a disappointing performance from the electrical retailer's mobile business, which were a 'drag on profits'. The online electrical retailer, which was founded as Appliances Online, saw like-for-like adjusted pre-tax profits soared by 32 per cent to £45million in the year ending March. Profits rose faster than turnover, which increased by 7 per cent to £1.1billion thanks to higher membership of its Five Star discount scheme. AO further benefited from its product range expanding by more than 1,500 to cover categories beyond domestic appliances, including drones, cameras, and health and beauty products. Consumer retail revenues grew by 11.9 per cent to £831.9million, offsetting mobile-related sales declining by 11.2 per cent to £94.4million. AO told shareholders the new contract mobile phone market shrank by around 13 per cent during the year, which it blamed on lower customer demand, a dearth of handset innovation, and a shift towards disaggregated contracts. As expected, balance sheet goodwill and intangible values of £19.6million relating to the mobile business have been written off. AO said: 'We continue to review our strategy in this area and will not continue to fund material losses going forward.' Analysts at Peel Hunt said AO's 'language on mobile is strikingly blunt', and 'the direction of travel' for the business will likely be known by autumn. They added: 'AO's future mobile strategy is based on its virtual network offer, which is about to launch, and handsets through the site. 'It is a strategically important category for but management is intent on either getting the non-core mobile sites back to profitability this year or shutting them down.' T he acquisition of MusicMagpie in December contributed £30million to overall sales. Chief executive John Roberts, who founded AO in 2000 following a bet in a pub, said: 'We've delivered a record profit before tax performance, significantly grown our sales, and continued to delight our ever-growing customer base with trusted, outstanding service.' But AO warned its operational costs will continue going up in the coming year due to recent minimum wage and national insurance hikes. In early April, the National Living Wage increased by 6.7 per cent to £12.21 per hour, while employers' NI contributions rose from 13.8 per cent on annual salaries above £9,100 per year to 15 per cent on wages exceeding £5,000. Nonetheless, AO World said it was 'confident in our ability to continue to grow revenue' and make adjusted pre-tax profits of between £40million and £50million. The Manchester-based group struggled with plunging sales and supply chain issues after lockdown restrictions ended in 2021, as cost-of-living pressures gripped consumers. AO World shares have plummeted by around three-quarters from their 2021 peak. They were 0.2 per cent down at 100.6p on Wednesday morning. Adam Vettese, market analyst for eToro, said: 'Many investors will want to see shares climb higher, and AO will have to fend off stiff competition from online peers. 'If profit growth is going to convince investors, they'll want some consistency in return. If the next few updates can validate an upward trajectory, then the previous highs of last year might not seem so far away.'
