PTT Thailand: Quarterly net profit reaches 19.481 billions THB, but Middle East situation brings high uncertainty

(1) The Thai oil company announced quarterly sales revenue of 114.809 billion baht and quarterly net profit of 19.481 billion baht. (2) The company stated that there remains a high degree of uncertainty in operating performance for the second quarter and the second half of 2026, and uncertain market conditions may lead to continued volatility. (3) Affected by tensions in the Middle East, crude oil import costs and the company's liquidity situation were significantly impacted in the second quarter of 2026. (4) As the situation in the Middle East normalizes, the company expects to face pressure from inventory losses and other factors such as high-cost crude oil purchased in advance.