Bangchak Sriracha Reported Net Profit of THB 343 Million in Q3/2025, Underscoring Strong Refinery Performance and Operational Excellence Despite Impact of Inventory Loss

For the quarter, BSRC recorded total revenue of THB 52,673 million, an increase of THB 2,996 million from the second quarter. Despite a decline in average selling prices in line with global oil market trends, total sales volumes continued to grow, driving overall revenue improvement.

Mr. Anuwat Rungruangrattanagul, Chief Executive Officer and Senior Executive Vice President of Refinery & Operations, stated that BSRC's return to profitability this quarter was driven by several key factors, including an increase in Gross Refining Margin (GRM) resulting from the recovery of diesel and jet fuel spreads, a reduction in inventory losses following higher oil prices, and lower financial costs due to the full repayment of long-term loans in July, coupled with the reduction in policy interest rates.

During the third quarter, the Bangchak Sriracha Refinery processed an average of 142,007 barrels per day, up 22,329 barrels per day from the previous quarter. The increase was attributed to the absence of maintenance shutdowns and the full utilization of Conversion Units following their recent upgrade completion. In October, BSRC successfully received crude oil from its first Very Large Crude Carrier (VLCC) under the Multi-Buoy Mooring (MBM) project, which enhances crude oil handling flexibility and helps reduce transportation costs.

On the marketing front, BSRC achieved a record-high marine fuel sales volume of 42 million liters per month in August, in line with its strategy to grow high-value product sales. At the same time, the company continued expanding its Inthanin Coffee network within BSRC service stations, reaching 104 outlets by the end of the third quarter - reflecting the company's commitment to building a strong and customer-centric business ecosystem.
In corporate governance, BSRC achieved a perfect score of 100 in the 2025 Annual General Meeting (AGM) Checklist from the Thai Investors Association (TIA), recognized as "Excellent - Role Model". The company also earned a 5-Star (Excellent) rating in the Corporate Governance Report (CGR) from the Thai Institute of Directors (IOD) and the Stock Exchange of Thailand (SET), underscoring its transparency and commitment to sustainable business practices.

BSRC's company credit rating was reaffirmed at A+ with a "Stable" outlook for the second consecutive year by TRIS Rating, reflecting its prudent financial management and strong competitiveness. The company also received two additional ISO certifications - ISO 22301 (Business Continuity Management System) and ISO 55001 (Asset Management System) - further demonstrating its operational resilience and effective asset management.

"The return to profitability this quarter reflects the readiness and efficiency of the Bangchak Sriracha Refinery, as well as the dedication of all our employees in driving operational excellence. We remain committed to strengthening the company's long-term competitiveness and contributing to the sustainable growth of the Bangchak Group", said Mr. Anuwat.

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