BANGKOK – 21 August 2025 – PTT Global Chemical Public Company Limited (GC) reported operating results for the second quarter of 2025 with adjusted EBITDA of 6,083 million baht. This is an increase of 13% from the previous quarter amid the fluctuating global economy and industry, reflecting the progress in increasing operational potential along with increasing revenue and reducing expenses continuously. Under the Holistic Optimization approach, driven by innovation and the application of digital technology to strengthen competitiveness and aim for a sustainable high-value-low-carbon business.
Mr. Narongsak Jivakanan, Chief Executive Officer of GC, said, "Although the first half of the year still reflects the challenges of the industry and the global economy, GC has a clear direction of adaptation through holistic optimization, innovation-driven, digital technology adoption, and business strategy, especially towards high-value-low-carbon businesses.
"At the same time, many external factors have become more positive, including the clarity of international trade as well as China's measures to control production capacity through the anti-involution policy aimed at reducing non-value-creating competition and gradually ending obsolete production capacity, all of which are positive signs for the long-term stability of the petrochemical industry." Mr. Narongsak added.
Empower with digital technology
GC has continued to transform the organization through a holistic optimization approach along with the application of innovation and digital technology in all dimensions, covering 3 main areas:
1. Smart Plant Increases Production Efficiency and Commissioning in Real-Time
2. Smart Sales & Marketing Enhance sales and pricing strategies to be more accurate and responsive to customer needs.
3. Smart Work Process: Improve work processes and manage large amounts of data to increase productivity.
Implementation of the Guidelines It not only improves operational efficiency, reduces costs, and enhances safety, but also reflects GC's progress in adopting digital technology to drive the organization. Enhancing competitiveness and laying the foundation for sustainable growth are all important factors that support better performance in the long term.
In the second quarter of 2025, GC had a total sales revenue of 133,381 million baht. Similar to the previous quarter, despite the volatility of the industry, the global economy is still recovering slowly and facing pressure from the geopolitical situation, the Company has adjusted EBITDA of Baht 6,083 million. An increase of 13% from the previous quarter. Reinforcing the potential for implementing the efficiency enhancement strategy. Increase revenue and control expenses continuously.
In addition, GC maintained its liquidity strength with operating cash flow of Baht 18,505 million and total cash current assets of Baht 27,888 million as of the end of June 2025, reflecting the efficiency of financial management and business stability.
Moving forward with a high-value-low-carbon business strategy Sustainable Growth
In addition to enhancing its competitiveness with digital technology, GC also aims to develop sustainable operations with strategic projects to create long-term advantages, such as the project to use liquefied natural gas (LNG) cooling energy in the olefins production process in collaboration with PE LNG Co., Ltd., which will increase energy efficiency and reduce carbon dioxide emissions by more than 60,000 tons per year, which is expected to start commercial operations in 2027.
In the Specialty Chemicals business, which is driven by innovation for sustainability and is an important part of the expansion of the high-value-low-carbon business, GC continues to fully exploit the potential of allnex by expanding production capacity in high-growth markets such as China and India, considering additional investment in Map Ta Phut for the Southeast Asian market, along with improving operational efficiency in all regions through cost optimization, CAPEX prioritization, and development of commercial processes and operational excellence.
At the same time, GC and allnex continue to focus on research and development (R&D) to offer coating solutions that meet the specific needs of customers. Whether it is the development of environmentally friendly products. This is the first time that the company has been able to improve its efficiency or create additional value that helps customers achieve business success, along with driving the industry towards sustainability.
GC's Biorefinery, which is the first commercial sustainable aircraft fuel (SAF) producer in Thailand. In addition, in collaboration with HMC Polymers, Thailand's first and largest PP resin manufacturer, the company has developed an environmentally friendly Bio-Propylene product suitable for a variety of high-value-added products such as health and hygiene products, as well as children's products and toys.
GC aims to turn the business situation around and lay the foundation for sustainable growth. Recently, the Company received two honorary awards from the ASEAN Corporate Governance Awards 2025, namely Top 50 ASEAN Public Listed Companies (PLCs) and Top 5 Thailand PLCs. Conduct business with transparency and responsibility to stakeholders, society and the environment in accordance with international standards.
Source: PTT Global Chemical
