Bangchak reported Q3 2025 operating results EBITDA double from increased refining margin and growth momentum builds toward a strong Q4 maintains A+ Credit Rating for second consecutive year.
Bangchak Group announced its operating results for the third quarter of 2025, reflecting strong management capability amid continued volatility in the global energy market.
The Group recorded total revenue from sales and services of 123.30 billion baht and EBITDA of 10.26 billion baht, more than doubling from the previous quarter and increasing 43 % year-on-year.
Normalized net profit was 3.18 billion, while net profit attributable to owners of the parent company was 1.10 billion, equivalent to earnings per share of 0.80 baht.
Chaiwat Kovavisarach, group chief executive officer and president of Bangchak Corporation Plc, said that Bangchak Group’s performance in the third quarter of 2025 demonstrated a continued recovery at Bangchak Phra Khanong Refinery and Bangchak Sriracha Refinery.
This improved the basic refining margin to US$ 7.38 per barrel, driven by widening crack spreads and lower crude costs. During the quarter, TRIS Rating reaffirmed Bangchak’s corporate credit rating at “A+” with a “stable” outlook for the second consecutive year, reflecting the company’s strong business position and financial structure.
A promising Q4 is on the horizon, supported by the new strategy, stronger GRM, and improved sales performance.
Meanwhile, Bangchak Group officially commenced operation of the Very Large Crude Carrier (VLCC) jetty at the Bangchak Sriracha Refinery in Chonburi Province, enhancing efficiency and reducing crude oil procurement and transportation costs while strengthening the Group’s competitiveness for sustainable growth.
In addition, the exploration and production business continued to play an important role in generating revenue and growth opportunities, reinforcing the company’s balanced and resilient portfolio. BSRC’s delisting process is in progress and is now entering the tender offer stage.
