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Thai Oil PCL TOP.BK · THB

Energy · SET · 🇹🇭 Thailand

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56.50

+1.35%

Close of 9 Nov 2026, in THB

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in THB, from our data supplier.

FY2025

Revenue

THB 394.34bn

FY2016FY2025

Net income

THB 14.58bn

FY2016FY2025

Free cash flow

THB 38.11bn

FY2016FY2025

Shareholders' equity

THB 171.95bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTHB 394.34bnTHB 455.86bnTHB 469.24bnTHB 505.70bnTHB 335.83bnTHB 242.84bnTHB 362.18bnTHB 389.34bnTHB 337.39bnTHB 274.74bn
Gross profitTHB 12.33bnTHB 16.77bnTHB 33.08bnTHB 24.57bnTHB 16.27bn−THB 12.46bnTHB 6.42bnTHB 16.22bnTHB 32.00bnTHB 27.48bn
Operating incomeTHB 20.26bnTHB 16.32bnTHB 28.35bnTHB 45.88bnTHB 25.18bn−THB 6.37bnTHB 8.76bnTHB 16.25bnTHB 31.45bnTHB 26.84bn
Net incomeTHB 14.58bnTHB 9.96bnTHB 19.44bnTHB 32.67bnTHB 12.58bn−THB 2.60bnTHB 6.28bnTHB 10.15bnTHB 24.86bnTHB 21.22bn
Diluted earnings per share6.534.468.7015.956.14-1.273.074.9612.1510.37

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTHB 427.28bnTHB 409.01bnTHB 419.99bnTHB 444.58bnTHB 362.14bnTHB 306.19bnTHB 283.44bnTHB 268.61bnTHB 228.11bnTHB 217.73bn
Cash and short-term investmentsTHB 68.60bnTHB 39.74bnTHB 34.38bnTHB 43.58bnTHB 29.70bnTHB 69.69bnTHB 76.61bnTHB 107.26bnTHB 65.33bnTHB 60.77bn
Total liabilitiesTHB 234.25bnTHB 242.83bnTHB 251.68bnTHB 285.92bnTHB 239.05bnTHB 186.07bnTHB 159.52bnTHB 142.14bnTHB 100.96bnTHB 106.13bn
DebtTHB 133.69bnTHB 174.35bnTHB 184.21bnTHB 196.26bnTHB 198.15bnTHB 157.01bnTHB 118.20bnTHB 107.06bnTHB 66.47bnTHB 76.30bn
Shareholders' equityTHB 171.95bnTHB 163.45bnTHB 165.57bnTHB 156.03bnTHB 120.88bnTHB 116.23bnTHB 119.97bnTHB 121.71bnTHB 122.22bnTHB 106.86bn
Shares outstanding2,234m2,234m2,234m2,048m2,047m2,043m2,047m2,046m2,046m2,046m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTHB 48.81bnTHB 39.35bnTHB 28.09bnTHB 43.25bnTHB 10.50bnTHB 2.43bnTHB 13.09bnTHB 18.31bnTHB 34.42bnTHB 23.18bn
Capital spending−THB 10.70bn−THB 9.56bn−THB 14.60bn−THB 32.11bn−THB 35.44bn−THB 48.69bn−THB 27.75bn−THB 7.99bn−THB 4.60bn−THB 7.02bn
Free cash flowTHB 38.11bnTHB 29.80bnTHB 13.49bnTHB 11.14bn−THB 24.93bn−THB 46.26bn−THB 14.66bnTHB 10.32bnTHB 29.82bnTHB 16.16bn
Dividends paid−THB 3.35bn−THB 8.82bn−THB 5.25bn−THB 8.55bn−THB 2.65bn−THB 1.02bn−THB 4.39bn−THB 11.01bn−THB 9.46bn−THB 6.99bn

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTHB 134.97bnTHB 122.46bnTHB 108.93bnTHB 80.05bnTHB 99.09bnTHB 106.27bnTHB 111.96bnTHB 110.02bn
Gross profitTHB 14.24bnTHB 30.15bnTHB 6.21bnTHB 2.12bn−THB 209.3mTHB 4.64bnTHB 4.78bn−THB 6.79bn
Operating incomeTHB 12.32bnTHB 28.92bnTHB 4.82bnTHB 2.18bnTHB 7.78bnTHB 5.37bnTHB 4.46bn−THB 6.58bn
Net incomeTHB 8.57bnTHB 19.72bnTHB 2.46bnTHB 2.15bnTHB 6.48bnTHB 3.50bnTHB 2.77bn−THB 4.22bn
Diluted earnings per share3.848.831.100.962.901.571.24-1.89
Cash from operations−THB 19.81bnTHB 8.81bnTHB 26.09bnTHB 2.14bnTHB 22.39bn−THB 2.64bnTHB 19.95bn−THB 9.30bn
Capital spending−THB 5.33bn−THB 5.64bn−THB 4.29bn−THB 2.77bn−THB 1.63bn−THB 1.94bn−THB 1.22bn−THB 1.97bn
Free cash flow−THB 25.14bnTHB 3.16bnTHB 21.80bn−THB 626.0mTHB 20.75bn−THB 4.58bnTHB 18.73bn−THB 11.27bn
Total assetsTHB 452.69bnTHB 470.20bnTHB 427.28bnTHB 394.48bnTHB 398.49bnTHB 402.96bnTHB 409.01bnTHB 400.78bn
Cash and short-term investmentsTHB 47.96bnTHB 76.27bnTHB 68.60bnTHB 33.16bnTHB 44.66bnTHB 44.55bnTHB 39.74bnTHB 24.96bn
DebtTHB 13.56bnTHB 101.69bnTHB 117.19bnTHB 120.60bnTHB 130.47bnTHB 154.23bnTHB 156.24bnTHB 152.63bn
Shareholders' equityTHB 202.59bnTHB 194.45bnTHB 171.95bnTHB 172.00bnTHB 168.91bnTHB 162.83bnTHB 163.45bnTHB 165.18bn

Financial ratios

Data as of 9 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin3.1%3.7%7.0%4.9%4.8%-5.1%
Operating margin5.1%3.6%6.0%9.1%7.5%-2.6%
Net margin3.7%2.2%4.1%6.5%3.7%-1.1%
Return on equity8.5%6.1%11.7%20.9%10.4%-2.2%
Return on assets3.4%2.4%4.6%7.3%3.5%-0.8%
Free cash flow yield38.2%31.4%27.4%52.8%32.2%35.9%
Revenue growth-13.5%-2.9%-7.2%50.6%38.3%-33.0%
Earnings growth46.4%-48.8%-40.5%159.7%-584.6%-141.4%
Current ratio1.44x1.66x1.71x1.48x2.63x3.99x
Debt to equity0.68x0.96x0.99x1.12x1.52x1.25x
Equity ratio40.2%40.0%39.4%35.1%33.4%38.0%
Interest coverage5.80x4.03x6.93x11.89x7.01x-1.48x
Buybacks as a share of market value-0.0%0.0%-9.1%-0.0%-0.2%0.2%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-8.0%10.2%3.0%
Operating income-23.8%—0.8%
Net income-23.6%—1.8%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin3.4%4.8%3.8%4.7%
Operating margin4.3%6.1%5.4%5.7%
Net margin2.9%4.2%3.6%4.0%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings5.56.36.23.58.0-40.722.613.38.56.9
Price to sales0.20.10.30.20.30.40.40.30.60.5

Dividends and splits

Per share, in the currency the company pays

Paid for 21 years. Last went ex-dividend on 9 Sept 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year2.401.503.952.353.991.2940.4982.14

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.