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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.
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Laem Chabang International Terminal Co., Ltd. & One Stop Logistics Co., Ltd. achieve the Best Place to Work Certification in Thailand for 2024
Best Places to Work is an international HR certification program that provides employers in various countries with the opportunity to learn more about employee engagement and satisfaction, while honoring those who deliver an outstanding work experience and uphold the highest standards of working conditions.
Health and safety in the workplace is a top priority for this organization, reflected in its strong commitment to respecting labor laws and embracing diversity. Employees have rated the company highly on these aspects, affirming that individual differences—such as gender, ethnicity, color, religion, age, disability, origin, or family ties—do not influence how people are treated, highlighting the organization’s inclusive and respectful work environment.
In a statement from Timothy Ngan, Chief Executive Officer, he said “I am truly honored by this achievement as it reflects the anonymous feedback from our valued employees. Every day, we strive to create a workplace where our people feel supported, inspired, and empowered to succeed. This recognition is a testament to the dedication and contributions of each and every member of our team”
Each year, the program partners with many organizations across different industries to help them measure, benchmark, and improve their HR practices. Organizations gain access to tools and expertise to implement effective and sustainable changes.
About the certified companies:
Laem Chabang International Terminal Co., Ltd. (LCIT), a leading terminal operator based at Thailand’s largest port, and One Stop Logistics Co., Ltd. (OSL), a comprehensive logistics provider specializing in freight forwarding, warehousing, and customs clearance, collaborate to deliver seamless, end-to-end supply chain solutions by combining LCIT’s state-of-the-art terminal operations with OSL’s integrated logistics expertise, ensuring efficiency, reliability, and cost-effectiveness for clients worldwide.
Hashtag: #BestPlacesToWork
The issuer is solely responsible for the content of this announcement.
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French Fireworks Designer Wins Gold Award at China International Fireworks Culture Festival of Wanzai
The year of 2024 marks the 60th anniversary of the establishment of China-France diplomatic relations. Sophie blended French romanticism with traditional Chinese culture and stories, using colors such as blue and red to create a romantic atmosphere in celebration of the milestone.
Sophie has had a deep interest in Chinese culture since childhood. During the 2008 Beijing Olympics, she contributed to the creative planning of the opening ceremony. Deeply impressed by the grandeur of the fireworks displays, she has named herself 苏绮(Su Qi), which means to be as beautiful and brilliant as fireworks.
Driven by her love for China, Sophie has settled in Wanzai. Now she works for a local large-scale fireworks company and oversees fireworks performances in the ancient city.
Located in northwest Jiangxi, Wanzai has a history spanning over 1,400 years in fireworks production and is one of China’s four major fireworks manufacturing areas. Its fireworks have illuminated the skies at major events, including the Beijing Olympics, the Shanghai World Expo, and National Day celebrations in Beijing.
The issuer is solely responsible for the content of this announcement.
The award was handed to RAPP’s President Director Sihol Aritonang by Industry Minister Agus Gumiwang in Jakarta. “We’d like to extend our biggest appreciation to the companies that had won the 2024 Upakarti award. This award, which is the highest accolade from the Industry Ministry, reflects their success in motivating and empowering local SMEs,” said Agus.
One of the programmes that contributed to RAPP securing the award is the Batik Andalan initiative. Established in 2015, Batik Andalan empowers local stay-at-home mothers living near the company’s operations in Riau. Over the years, it has grown into a thriving small-to-medium-scale industry in the region. Its signature product, Batik Bono, has become a sought-after souvenir from Pelalawan and has earned Indonesian National Standard (SNI) certification. The brand currently boasts five copyrighted motifs and showcased its designs alongside leading national modest fashion labels at the 2023 Jakarta Muslim Fashion Week.
The development of local business partners to supply workers for RAPP’s nurseries and factories exemplifies the company’s commitment to community empowerment.
Another notable initiative is the Rumah Madu Andalan programme launched in 2018. Its flagship product, Madu Foresbi forest honey, is both halal-certified and approved by Indonesia’s National Food and Drug Agency (BPOM). The honey is already available in eight souvenir shops across Pekanbaru.
Through its Community Development programme, RAPP provides support such as business permit assistance, access to capital and promotional facilities, fostering a sustainable business ecosystem within its operational areas.
RAPP’s President Director, Sihol Aritonang, emphasised that these initiatives align with the company’s APRIL2030 sustainability blueprint. This ambitious plan outlines RAPP’s long-term sustainability goals, aiming for inclusive progress and the eradication of extreme poverty within a 50-kilometer radius of its operations. The blueprint focuses on fostering entrepreneurial spirit and empowering local communities to achieve sustainable growth.
“This Upakarti Award motivates us to continue to empower the community, especially around the operational area, and to strive to develop sustainable and responsible businesses,” said Sihol.
To-date, APRIL, a member of the RGE group of companies, has empowered more than 100 offline partners spread across 49 villages around the company’s operational areas, as well as 243 inline partners engaged in various business sectors, such as transportation, labour, and material providers to support the company’s operational activities.
Hashtag: #RGE #APRIL
The issuer is solely responsible for the content of this announcement.
About APRIL
APRIL Group is a leading producer of fibre, pulp and paper with plantations and manufacturing operations in Riau Province, Indonesia. We are committed to sustainability in our business and in the broader landscapes where we operate. Under our production-protection model, we adopted a unique 1-for-1 goal where we aim to conserve one hectare of forest for every hectare of plantation, and currently conserve and restore about 360,000 hectares of forests, including the largest peatland restoration project in Indonesia. For more information, visit www.aprilasia.com and follow Twitter @aprilpulp.
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