Susco Public Company Limited

A review of Q2 2026 earnings reports for 19 listed companies in Thailand's energy and utilities sector shows that all companies posted net profit growth compared to the same period last year. Notably, BGRIM, EASTW, WHAUP, and SUSCO saw profits surge by several hundred to several thousand percent. Meanwhile, PTT and PTTEP reported net profits of 52,524.59 million baht and 27,197.17 million baht, respectively, up 143.93% and 101.23%. Key drivers include higher electricity and water sales volumes, lower financial costs, and improved energy prices. Looking ahead, power plant operators continue to benefit from the new Power Development Plan (PDP2026), the introduction of direct power purchase agreements (Direct PPA), and rising electricity demand from AI and data center businesses. Investors should monitor gas costs, oil prices, and progress on government policies. Bangkok Aviation Fuel Services (BAFS) reported a net profit of 60.50 million baht, up 8.02%.

A survey of second-quarter 2026 earnings among companies listed on the Stock Exchange of Thailand found that 71 firms recorded net profit growth of more than 100% compared with the same period last year. TMT Steel Public Company Limited, or TMT, led the pack with net profit of 299.87 million baht, up 910.23% from 29.68 million baht. Hana Microelectronics Public Company Limited, or HANA, followed with net profit of 326.31 million baht, up 838.35%, and Susco Public Company Limited, or SUSCO, posted net profit of 120.59 million baht, up 797.01%. Among large-cap stocks with profit growth above 100%, True Corporation reported net profit of 6.55 billion baht, up 222.68%; Berli Jucker Public Company Limited posted net profit of 2.88 billion baht, up 191.07%; PTT reported net profit of 52.52 billion baht, up 143.93%; SCG Packaging posted net profit of 2.30 billion baht, up 128.15%; and PTT Exploration and Production reported net profit of 27.20 billion baht, up 101.23%.

Susco reported second quarter 2569 net profit of 120.60 million baht, up 797% from 13.44 million baht in the same period last year, with total revenue of 9.218 billion baht. Growth was driven by higher oil selling prices and marketing margins, service income from the electric vehicle distribution business, foreign exchange gains, and profit from associates. For the first six months of 2569, the company posted total revenue of 16.284 billion baht and net profit of 213.06 million baht, up 104% from the same period last year. The company is expanding its service station network and growing non-oil businesses, while developing SUSCO SQUARE to build growth from diversified revenue streams. The BYD and DENZA electric vehicle distribution business continues to show a positive trend, reflected in winning the BYD Dealer of the Year Award 2025 at the Kunlun level and the Aftersales Excellence Award.

Susco Public Company Limited reported second quarter net profit of 120.60 million baht, up 797% from 13.44 million baht in the same period last year, with total revenue of 9.218 billion baht. For the first six months of 2026, total revenue was 16.284 billion baht and net profit was 213.06 million baht, up 104% from 104.38 million baht a year earlier. Managing Director Chaiyarit Simaroj said growth came from higher fuel sales revenue driven by higher selling prices and marketing margins, service income from electric vehicle distribution companies, foreign exchange gains, and profit from associates. In the second half, the company plans to continue expanding service stations, build on its non-oil business, and develop SUSCO SQUARE to create a new S-curve supporting long-term growth.