Bangkok: PTT Public Company Limited (PTT) announced a strong net profit of 44.848 billion baht for the first half of 2025, despite facing various global economic challenges and uncertainties, including a slowdown in global economic growth and fluctuations in crude oil prices.
According to Thai News Agency, Dr. Kongkrapan Intarajang, President and CEO of PTT, highlighted that the company’s strategic approach has kept it on track, maintaining a robust performance under its vision of “PTT, Strong Together with Thai Society and Sustainable Global Growth.” The company reported a net profit of 44.848 billion baht in the first six months of 2025, compared to 90.072 billion baht for the entire year of 2024. The higher profits in 2024 were attributed to special, non-recurring items.
Looking ahead to the second half of the year, Dr. Kongkrapan noted that oil prices are expected to remain stable, and the margins in the refinery and petrochemical sectors are anticipated to be steady. PTT has also signed a contract with Cheniere to import 1 million tons of LNG from the US, which will commence next year. This agreement is seen as beneficial for tariff negotiations with the US. Additionally, PTT has entered into a long-term agreement to purchase 2 million tons of LNG annually from Alaska.
Dr. Kongkrapan stated that while geopolitical issues, such as the Thai-Cambodian border conflict, are being monitored closely, PTT is prepared with risk management strategies to maintain its performance. The company is also actively pursuing energy security and sustainable growth, with expansion plans in the hydrocarbon and non-hydrocarbon sectors. PTT aims to be a key player in the global LNG market, targeting a portfolio expansion to 15 million tons per year by 2035.
PTT is also committed to sustainability, focusing on energy security, affordability, and reducing greenhouse gas emissions. The company has completed a study of the Eastern Thailand CCS Hub and is exploring opportunities in the hydrogen business. PTT is also enhancing its internal operations through digital transformation and financial excellence to boost competitiveness.
In its efforts to strengthen ties with Thai society, PTT has partnered with financial institutions for investments in environmentally and socially responsible debt instruments. The company has also been active in providing assistance during crises, such as delivering relief supplies during the Thai-Cambodian border unrest and supporting flood victims in Phrae and Nan provinces.
Overall, PTT’s performance in the first half of 2025 reflects its resilience and commitment to sustainable growth, leveraging strategic initiatives and partnerships to navigate external uncertainties and maintain its position as a leader in the energy sector.