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PTT Oil and Retail Business Charts Path to Global Leadership with Sustainability at the Core
For the first nine months of 2024, OR reported a net profit of 4.65 billion THB and sales revenue of 538.05 billion THB, driven by standout performances in its Lifestyle and Global business groups, which grew by 8.1% and 11.6%, respectively. These results reflect OR’s resilience and ability to adapt while positioning itself as a forward-thinking industry leader.
Expanding Horizons: International Growth Strategy
OR’s operations now span 11 countries—Cambodia, Laos, Philippines, Vietnam, Singapore, Myanmar, Malaysia, Japan, Oman, Saudi Arabia, and the Kingdom of Bahrain—underscoring its ambition to become a global leader in the oil and retail sectors. With 411 PTT Stations and 382 Café Amazon outlets across Southeast Asia, OR is building a strong regional presence.
To meet rising clean energy demand, OR is rapidly expanding EV Station PluZ, its electric vehicle charging network, supporting the region’s transition to sustainable mobility. Concurrently, PTT Lubricants is prioritizing growth in Indonesia and Taiwan, building on its established presence in over 40 countries across Asia, Africa, and Europe.
Cambodia has emerged as a key market with 183 PTT Stations and 248 Café Amazon outlets, while the Philippines and Laos host 170 and 58 PTT Stations, respectively. Café Amazon, known for consistent, high-quality coffee, continues to thrive internationally, cementing OR’s presence in high-potential markets.
To fuel its expansion, OR has committed 8 billion THB over the next five years (2024–2028), focusing on clean energy, infrastructure development, and global opportunities. This strategic investment aligns with OR’s vision of taking its sustainability-driven business model to the global stage.
“We aim to create shared value for communities while delivering superior experiences to customers worldwide.” said M.L. Peekthong Thongyai, Chief Executive Officer of PTT Oil and Retail Business Public Company Limited.
Strategic Roadmap: Resilience and Transformation for 2025
Looking forward, OR has outlined a strategy emphasizing efficiency, innovation, and risk management:
- Cost Optimization: Reducing operating expenses through stringent cost-control measures strategic asset ownership and operation strategy.
- Risk Management: Enhancing operational stability with a Dashboard Control Tower to address fluctuating commodity prices.
- Digital Transformation: Deploying a Digital Blueprint to modernize operations and connectivity among OR investments and ventures to elevate customer engagement.
- Portfolio Optimization: Streamlining investments to prioritize high-return ventures and discontinuing underperformed and non-synergy projects.
These initiatives reflect OR’s dedication to evolving its business model to meet the demands of a dynamic global landscape.
Sustainability as a Driving Force
Sustainability remains central to OR’s operations, aligned with its OR 2030 goals to:
- Reduce greenhouse gas emissions and waste by one-third.
- Improve the quality of life for 17,000 communities (16,000 already impacted).
- Integrate 1 million SMEs into its value chain (currently 743,102 SMEs).
- Reforest and maintain 10,000 rai of land.
These efforts earned OR the Highly Commended Sustainability Award at the SET Awards 2024 and an AA+ credit rating from TRIS Rating, solidifying its position as a sustainability leader in Thailand and beyond.
Balancing Profitability and Purpose
Amid global uncertainty, OR has demonstrated that resilience, innovation, and sustainability can coexist. By embracing digital transformation, advancing sustainable practices, and pursuing international growth, OR is redefining the role of oil and retail businesses in a globalized economy.
“OR’s ability to balance profitability with purpose sets a new standard for the industry” said M.L. Peekthong Thongyai. “We are not only creating value for our stakeholders but also building a legacy of positive impact for communities and the environment.”
As OR embarks on its next chapter, it remains steadfast in its mission to drive sustainable growth and deliver meaningful outcomes for all. With its sights set on global leadership, OR is poised to shape a future where business success and societal progress go hand in hand.
Hashtag: #PTTOilandRetailBusiness #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 in 11 countries, including Cambodia, Laos, Philippines, Vietnam, Singapore, Myanmar, Malaysia, Japan, Oman, Saudi Arabia, and the Kingdom of Bahrain. OR operates through four core business groups: Mobility Business, PTT Station, PTT Lubricants, FIT Auto, PTT LPG, EV Station PluZ and providing energy solutions for industrial, marine and aviation fuels; Lifestyles Business, featuring Café Amazon alongside convenience stores and space management; Global Business, driving international growth with over 411 PTT Stations and 382 Café Amazon outlets; and OR Innovation Business, focusing on sustainable solutions through technology and innovation.
For more information, visit 
www.pttor.com.
Topuria officially joined the global 1win VIP Community on June 2, becoming part of the brand’s exclusive project that unites prominent figures from sports, music, and entertainment. Two weeks later, he is set to headline UFC Freedom 250 against Justin Gaethje in a lightweight title unification bout in the White House. The event is already being described as one of the most memorable spectacles in combat sports history.
“It’s not gonna be the biggest in UFC history – it’s gonna be one of the biggest events in sports history,” Topuria said ahead of the fight.
The bout marks the first defense of the lightweight title Topuria captured last year when he knocked out former champion Charles Oliveira to become only the tenth fighter in UFC history to win titles in two different weight classes. Holding a professional record of 17-0-0, “El Matador” Topuria enters the contest looking to further cement his legacy.
Known for his confidence and tireless pursuit of excellence, Topuria believes success is built on preparation rather than chance, a mindset that aligns closely with the philosophy behind the 1win VIP Community.
“Life is a game. Most people sit and hope for luck. I find it inefficient. I prefer control and precision, because when you set your own rules, winning stops being a surprise. If that’s your way of life, you’re welcome at my table with 1win,” stressed Topuria upon joining the 1win VIP community.
The fighter has repeatedly demonstrated confidence ahead of his clash with Gaethje, emphasizing his discipline, hard work, and dedication.
Ilia Topuria joins a growing roster of internationally recognized athletes and entertainers engaging with 1win, including 1win VIP member, rapper Tyga, and brand ambassadors and UFC fighters Jon Jones, Gable Steveson, and Ignacio Bahamondes.
Hashtag: #1win
The issuer is solely responsible for the content of this announcement.
About 1win
1win is an international entertainment platform operating across multiple markets worldwide. Through partnerships with internationally recognized athletes and celebrities, the company creates engaging experiences and premium content for audiences worldwide.
This year’s forum is an important supporting event of the 18th Cross-Strait Forum. During the event, nine Fujian-Taiwan financial integration projects were signed, with a total value of RMB 9.1 billion. The projects cover a wide range of financial services across areas including cross-strait industrial cooperation, water supply security for public welfare, capacity upgrades for long-established Taiwan-funded enterprises, technology and innovation industries, and modern agriculture. These initiatives continue to unlock the benefits of financial policies, promote shared access to financial resources for Taiwan compatriots and Taiwan-funded enterprises, and inject new momentum into industrial integration between Fujian and Taiwan.
At the forum, the Cross-Strait Wealth and Asset Management Cross-Sector Alliance was officially inaugurated. Supported by Jinyuan Group and jointly proposed by its affiliated financial institutions, the alliance was co-founded by Xiamen International Trust, Jinyuan Uni-President Securities, Yuanxin Yongfeng Fund, Fubon Bank (China), Junlong Life Insurance, and Xiamen Chang Gung Hospital, among others. Centered on serving the wealth management and asset management needs of people on both sides of the Taiwan Strait, the alliance aims to build a one-stop service platform covering asset allocation for Taiwan compatriots and Taiwan-funded enterprises on the mainland, family trusts and wealth succession planning, pension finance, and healthcare protection solutions.
The forum also unveiled a series of innovative financial achievements related to Taiwan. The banking industry’s first group standard dedicated to Taiwan-related financial services on the mainland, the “Specification for Taiwan-Related Financial Services of Banking Financial Institutions,” was officially released. At the same time, the “Bailufen” Taiwan Compatriot Financial Service Platform was introduced, further enhancing financial services for Taiwan compatriots living in Fujian and supporting the development of Taiwan-funded enterprises.
Hashtag: #StraitsFinancialForum
The issuer is solely responsible for the content of this announcement.
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Verdant Rock Receives BBB+ Long-Term Insurer Financial Strength Rating with a Stable Outlook from Fitch Ratings
“The infrastructure and capital markets we are targeting have been systematically underserved over the past decade. Verdant Rock enters this space with an investment grade rating, a strong capital position, the regulatory standing, the technical capability, and the long-term commitment that issuers and their advisers have been unable to find elsewhere.”
— Tolga Uzuner, Co-Founder, Chief Executive Officer, Verdant Rock Limited
The Fitch Ratings report can be accessed here:
Fitch Rates Verdant Rock at ‘BBB+’; Outlook Stable
Verdant Rock’s Class 3B registration can be verified via the BMA’s register of regulated entities (search “Verdant Rock”): https://www.bma.bm/regulated-entities
Notes to editors: For the May 2026 licensing announcement, see https://bernews.com/2026/05/walkers-supports-verdant-rock-licensing/
This announcement is (i) for information only; (ii) not an offer or solicitation to buy or sell any security, insurance product, or financial guarantee; and (iii) not for distribution in any jurisdiction where to do so would be unlawful. Forward-looking statements are not guarantees of future results, and Verdant Rock undertakes no obligation to update them. A credit rating is not a recommendation to buy, sell or hold any security and may be subject to revision, suspension or withdrawal at any time by the assigning rating agency.
Hashtag: #VerdantRock
The issuer is solely responsible for the content of this announcement.
ABOUT VERDANT ROCK
Verdant Rock Limited is a Bermuda-based insurance company, regulated by the Bermuda Monetary Authority, providing Basel III and Solvency II compliant financial guarantees in emerging markets, designed to qualify as eligible credit protection under Basel and major insurance solvency regimes, for the benefit of institutions globally.
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