Press Release

Bangkok, February 9, 2026 – PTTEP reported successful operating results for 2025 in line with its plan, reflecting the company’s mission in strengthening Thailand’s energy security while delivering solid growth to the company and consistent returns to shareholders, with a proposal of dividend payment of THB 8.75 per share. During the year, PTTEP contributed over THB 49,800 million to the government through royalties and taxes, to support national development. For 2026, PTTEP targets an increase in average sales volume by 10%.

Mr. Montri Rawanchaikul, Chief Executive Officer of PTT Exploration and Production Public Company Limited (PTTEP), stated that in 2025 the company made significant progress in executing its strategic plan. In supporting Thailand’s energy security, PTTEP acquired a 50% participating interest in the Malaysia–Thailand Joint Development Area (MTJDA) A18 Project, a key natural gas resource for electricity generation to serve energy demand in Southern Thailand. The company also increased natural gas sales of the Arthit field in accordance with its gas sales agreement, with production level increased from 280 to 330 million standard cubic feet per day, to help meet domestic energy demand. Meanwhile, Contract 4 Project or Block B12/27, in which PTTEP holds a major participaing interest, received a 10-year production period extension from the Department of Mineral Fuels, effective from 2028 to 2038. This project is one of the country’s important petroleum resources, accounting for more than 13% of Thailand’s domestic natural gas production. In addition, PTTEP acquired an additional interest in the Sinphuhorm Project, increasing its participating interest to 90%. Natural gas from this field is a key supply for electricity generation in Northeastern Thailand.

For international investments to support long-term growth, PTTEP expanded its presence in Algeria through the award of the Reggane II Block, which includes discovered gas fields and areas with further exploration potential. In Malaysia, the company partnered with TotalEnergies in Block SK408, immediately enhancing the company’s production volume and petroleum reserves.

Driven by a dedication to implementing substantial GHG emissions reduction projects, PTTEP reduced GHG emissions by more than 568,000 tonnes of carbon dioxide equivalent in 2025 through emissions reduction initiatives across PTTEP’s operations. These efforts were delivered through the continued implementation of measures such as flare gas recovery and utilization, energy efficiency improvements, production efficiency enhancement, and systematic methane management. As a result of these initiatives, together with other emission management measures, PTTEP achieved a reduction in GHG emissions intensity of 19.5% compared with the 2020 base year. In 2025, there are several key initiatives include the innovation of Extremely Low BTU Flare Tip, enhanced methane management, and the development of the Carbon Capture and Storage (CCS) Project at the Arthit field.

PTTEP announced its Final Investment Decision (FID) CCS Project at the Arthit field to advance the project into concrete implementation. As part of the Nationally Determined Contribution (NDC) Action Plan on Mitigation 2021–2030, the project is currently in the detailed engineering design phase, with carbon dioxide storage targeted to commence in 2028. This initiative is expected to capture and store up to 1 million tonnes of carbon dioxide per year.

For the 2025 financial performance, PTTEP generated a total revenue of THB 294,849 million (equivalent to USD 8,970 million). The average petroleum sales volume reached a record high of 509,906 barrels of oil equivalent per day, an approximate 4% higher than the previous year. The increase was primarily driven by the gas production from the G1/61 Project which delivered full-year gas production at 800 million standard cubic feet per day, in line with the requirement of the Production Sharing Contract, and the acquisition of participating interest in Block A18 of Malaysia–Thailand Joint Development Area. Meanwhile, the average selling price decreased to USD 43.82 per barrel of oil equivalent, lowered 6% following a decline in global crude prices. As a result, the company reported a net profit of THB 60,273 million (equivalent to USD 1,830 million).

Contribution of over THB 49,800 million to national development and THB 100 million for flood relief support in Southern Thailand

In 2025, PTTEP paid THB 49,800 million of income taxes, royalties and other remunerations to the government. This strongly supports national development in various areas such as community, education and research & development (R&D). Furthermore, the profit sharing from the petroleum produced in the G1/61 and G2/61 Projects, under the Production Sharing Contract (PSC), also directly contributes to the government’s revenues for the country’s development.

During the recent severe flooding in Southern Thailand, PTTEP donated financial support and essential supplies totaling THB 100 million to those affected in Songkhla Province and other areas in the South, to urgently alleviate the hardship faced by flood victims. The company also continued its support during the rehabilitation phase by contributing to the construction of a new building for Hat Yai Hospital, restoring affected educational institutions, and supporting the “Repair, Build and Restore Well-being” project. These efforts aim to ensure that healthcare, and educational institutions and public services can resume services efficiently.

Proposed 2025 dividend payment at THB 8.75 per share

The company places importance on delivering consistent returns to shareholders. Based on the 2025 performance and its strong financial position, the Board of Directors has proposed a 2025 dividend payment of THB 8.75 per share, representing a dividend payout ratio of 59% of net profit, or a total dividend payment of THB 34,737 million. The interim dividend for the first six-month performance of 2025 at THB 4.10 per share was paid on August 22, 2025, while the remaining dividend of THB 4.65 per share will be paid on April 22, 2026, following an approval at the 2026 Annual General Shareholders’ Meeting. A portion of the dividend will be received by the Finance Ministry through its shareholding in PTT Public Company Limited, a major shareholder of PTTEP, to further support national development.

“The year 2025 marked another successful year for PTTEP in achieving our mission, particularly in strengthening Thailand’s energy security and supporting domestic energy demand. In 2026, the company will continue to drive sustainable growth by increasing petroleum production from both domestic and international projects. The company will start the development of greenfield projects in Malaysia while accelerating projects currently in the development phase, including the second phase of the Hassi Bir Rekaiz Project, the Ghasha Concession Project in the United Arab Emirates, and the Mozambique Area 1 Project. For 2026, PTTEP has set an average sales volume target of 560,000 barrels of oil equivalent per day, representing an increase of approximately 10% from the previous year,” Mr. Montri added.