Bangkok: PTT Oil and Retail Public Company Limited (OR) has had its corporate credit rating affirmed at "AA+" with a "Stable" outlook by TRIS Rating, a leading credit rating agency in Thailand, for the fourth consecutive year. This reflects the company's strength as the market leader in the country's oil retail sector and the continued growth of its lifestyle businesses.

According to Thai News Agency, M.L. Piktong Thongyai, Chief Executive Officer of OR, revealed that receiving the AA+ corporate credit rating with a "Stable" outlook from TRIS for the fourth consecutive year is a source of pride and reinforces OR's leadership in the oil retail and commercial distribution of petroleum products in Thailand. This is based on OR's crucial role in the PTT Group's petroleum product distribution, coupled with prudent and efficient financial management policies.

TRIS has high confidence in OR, considering several strengths including its leadership in the domestic petroleum market with a market share of approximately 40% in 2025; the strength of the PTT Station brand with 2,410 service stations nationwide serving over 3.9 million customers per day; and the strong growth of its lifestyle business, particularly Caf© Amazon, which has 4,705 branches in Thailand by 2025.

Regarding performance in 2025, TRIS stated that OR achieved better-than-expected results, reflected in a recovery in EBITDA to 20,357 million baht, along with a return to normal profit margins driven by improved profit per liter in the Mobility business segment and increased profit margins in the Lifestyle business segment. Furthermore, the company maintains a strong financial position with cash and cash equivalents totaling 40,100 million baht at the end of 2025 and a financial debt-to-EBITDA ratio below 0.5 times.

Looking ahead, TRIS forecasts the company's annual EBITDA to remain stable at approximately 21,000-22,500 million baht during 2026-2028, primarily driven by the continued expansion of Caf© Amazon branches. The Lifestyle business segment is expected to contribute nearly 40% of total EBITDA, despite the company facing challenges from oil price volatility and geopolitical tensions in the short term.

OR continues to maintain its status as a "highly strategically important subsidiary" of PTT Public Company Limited (credit rating "AAA/Stable"), resulting in a one-notch upgrade to its corporate-only credit rating of "aa". The company is committed to continued business growth and maintaining a strong financial position to create sustainable value for shareholders and stakeholders.