Bangchak Rises to No. 17 in 2025 Fortune Southeast Asia 500 Rankings Advances 7 Spots from Previous Year, with the Highest Revenue Growth Among the Top 20

The ranking reflects Bangchak's strong operational performance and steady international growth. The company also rose to 4th among the 100 Thai firms on the list, and to 6th out of 60 energy companies in the region.

The Fortune Southeast Asia 500 list, now in its second year, ranks companies based on revenue for the 2024 fiscal year, covering seven countries: Indonesia, Thailand, Malaysia, Singapore, Vietnam, the Philippines, and Cambodia. This year, the combined revenue of all listed companies exceeded USD 1.82 trillion, a 1.7% increase from the previous year. The energy sector remained the highest-earning industry, accounting for nearly one-third of total revenues, underlining its crucial role in driving the regional economy.

Mr. Chaiwat Kovavisarach, Group Chief Executive Officer and President of Bangchak Corporation, stated, "We are pleased and proud that Bangchak has made a significant leap to 17th place in Southeast Asia, up from 24th in the previous year. Our revenue grew by 47%, the highest growth rate among the Top 20 ranked companies.

This success reflects the dedication and teamwork of everyone at Bangchak in driving quality and sustainable growth. It not only demonstrates our operational excellence but also enhances our credibility and creates new opportunities for international partnerships. Above all, it highlights the capability of a Thai company to stand tall and proudly represent the country on the international stage."

The full Fortune Southeast Asia 500 list for 2025 is available at Fortune.com/asia as of June 17, 2025.

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