Bangkok: Bangchak Group has announced its Q3 2025 financial results, showcasing robust performance despite ongoing volatility in the energy market. The group reported sales and service revenue of 123,305 million baht, with EBITDA reaching 10,269 million baht, marking a 43% increase from the previous year and more than doubling from the previous quarter. The net profit from normal operations stood at 3,186 million baht, with a profit attributable to the parent company at 1,108 million baht, signaling significant improvement for Q4.
According to Thai News Agency, Mr. Chaiwat Kovavisarach, Chief Executive Officer of Bangchak Group and President of Bangchak Corporation Public Company Limited, outlined the group’s achievements. The performance was bolstered by recovery in the Bangchak Phra Khanong and Bangchak Sriracha refineries, which saw refining margins rise to US$7.38 per barrel. Tris Rating Co., Ltd. affirmed Bangchak’s corporate credit rating at “A+” with a “stable” outlook for the second consecutive year.
The group also launched a Very Large Crude Carrier terminal at the Bangchak Sriracha Refinery, enhancing efficiency and reducing procurement costs, thus strengthening competitiveness and supporting growth.
Ms. Phatthapuri Chinkulkitniwat, Chief Financial Officer and Deputy Managing Director of the Accounting and Finance Group, reported on the performance of each business segment. The Refinery and Oil Trading Business Group achieved revenue of THB 99,851 million and EBITDA of THB 2,891 million, driven by increased refining margins and reduced inventory losses. The Marketing Business Group, despite a slight revenue decline, saw a significant rise in EBITDA due to improved margins and lower inventory losses.
Bangchak Corporation maintained its 29% retail market share, continuing to grow its retail network. By the end of Q3, the company operated 2,173 gas stations, 502 EV charging points, and over 1,108 Inthanin coffee shops. The Clean Energy Power Business Group reported revenue growth, mainly from increased e
lectricity sales from hydropower and wind power plants in Lao PDR. The Bio-based business group saw an increase in revenue and EBITDA due to higher sales volumes and efficient production.
The Natural Resources business group experienced growth in revenue and EBITDA due to increased production volumes and higher selling prices, despite some challenges. Over the first nine months of 2025, Bangchak Group’s revenue decreased, but net profit from normal operations increased, driven by lower crude oil prices and improved refining margins.
Overall, Bangchak Group’s diverse operations have enabled it to navigate market challenges effectively, maintaining a strong financial position and setting a positive outlook for the future.