Bangchak Reaffirms Strong Financial Position with A+ TRIS Credit Rating for Second Consecutive Year

The maintained credit rating reflects Bangchak's strong business profile following its acquisition of Bangchak Sriracha Public Company Limited (BSRC). The synergy between the two entities has significantly enhanced operational efficiency, competitiveness, and long-term profitability. Additionally, the company's exploration and production (E&P) business continues to play a key role in generating revenue and driving growth. These developments have strengthened Bangchak Group's vertical integration and supported a more balanced diversification across its investment portfolio.

Bangchak's financial strategy reflects a disciplined balance between growth and financial management, with a focus on capital allocation, investment liquidity, and debt ratio optimization to maintain a solid financial foundation. The company's marketing and clean energy businesses contribute significantly to stable EBITDA, helping mitigate potential business volatility.

Ms. Phatpuree Chinkulkitnivat, Chief Financial Officer and Senior Executive Vice President, Accounting and Finance, Bangchak Corporation Public Company Limited, stated "Maintaining the A+ credit rating reflects the company's financial stability and the successful execution of our strategic plans. The benefits of synergy following the BSRC acquisition have exceeded expectations, with EBITDA growth surpassing targets and reinforcing the performance of the strength of the Refinery and Oil Trading and Marketing business groups. The petroleum exploration and production through OKEA ASA in Norway continue to generate consistent EBITDA, while our diversified investments, both domestically and internationally, focus on enhancing energy security and delivering long-term returns. These efforts position Bangchak as a leading organization with strong competitiveness and business agility, capable of generating stable revenue and achieving sustainable growth."

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