Susco Public Company Limited

SUSCO Public Company Limited, or SUSCO, has announced a second-half plan to expand its fuel service stations in high-potential locations while developing the station format into more of a Lifestyle Destination through the SUSCO SQUARE concept, which will bring together shops, restaurants and various brands to serve customers within the stations. Chaiyarit Simaroj, Managing Director of SUSCO, said this strategy prioritises the quality of locations and their revenue-generating potential over simply increasing the number of branches. This runs alongside the electric vehicle business for the BYD and DENZA brands, as well as the hire-purchase and car rental business, which has continued to receive strong interest from both government and private-sector customers. SUSCO is building its game on three core pillars: the fuel business, its existing revenue base; the expansion of Non-Oil to increase value per station; and the EV-Mobility business to create a new Growth Engine, aiming toward its goal of becoming a Smart Energy & Mobility Solutions Provider.

The Thai stock market index closed at 1,588.22 points, down 12.48 points or 0.78%, with a trading value of 66,470.96 million baht. Meanwhile, BTS is preparing to offer three new tranches of debentures: 2-year maturity with an interest rate of 3.20% per annum, 3-year maturity with an interest rate of 3.55% per annum, and 4-year maturity with an interest rate of 3.75% per annum. Tris Rating has assigned a credit rating of BBB+ with a negative outlook. The subscription is expected to open on September 25 and 28-29. Meanwhile, the board of SUSCO approved an interim dividend of 0.10 baht per share, with the XD date on September 10 and payment on September 25. GGC has partnered with CP Extra to collect 50,000 liters of used cooking oil per year to produce SAF fuel. SCCC is proceeding with its plan to restore a quarry in Chonburi covering 646 rai, increasing green space by 82.6%. The board of BCPG approved an interim dividend of 0.15 baht per share, totaling 450 million baht, with the XD date on September 9 and payment on September 22. RT has a backlog of 4,755 million baht and is preparing to sign additional work with the Metropolitan Electricity Authority worth 1,100 million baht in September, boosting the full-year backlog to 6,000 million baht, supporting this year's revenue of 3,800 million baht, an increase of 10%.

SUSCO Public Company Limited, or SUSCO, has announced an interim dividend payment from its operating results for the first six months of fiscal year 2026, at a rate of 0.10 baht per share. The ex-dividend date (XD) is set for September 10, with the dividend payment to be made on September 25, 2026. Meanwhile, for the second quarter of 2026, the company reported a net profit of 120.60 million baht, an increase of 797% compared to the same period last year. For the first six months, net profit stood at 213.06 million baht, up 104% from the previous year. The company plans to expand its fuel service stations in high-potential areas and develop new station formats through the SUSCO SQUARE concept to increase customer traffic and support long-term revenue. Additionally, its electric vehicle distribution business for BYD and DENZA is expected to grow in line with rising demand.

SUSCO Public Company Limited (SUSCO) announced an interim dividend of 0.10 baht per share, with the XD date set for September 10, 2026, and payment on September 25, 2026. Management indicated that the second-half plan focuses on expanding branches and developing fuel stations through the SUSCO SQUARE concept to generate long-term revenue. The BYD and DENZA electric vehicle businesses, as well as the leasing business, are showing positive prospects. Meanwhile, Global Green Chemicals Public Company Limited (GGC) signed a memorandum of understanding with CP AXTRA to study the feasibility of collecting used cooking oil from branches and networks to refine and create new value, supporting a low-carbon economy. Additionally, WICE Logistics Public Company Limited (WICE) received a perfect score of 100 in the evaluation of its 2026 annual general meeting quality, reflecting its service potential and further development of supply chain solutions.

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.