In 2025, global oil prices continued to exhibit volatility, driven by geopolitical factors, production adjustments by major oilexporting countries, and ongoing uncertainty over the economic outlook of major economies. These factors resulted in periodic fluctuations in energy prices
Meanwhile, Thailand’s economy expanded at a gradual pace, supported by public sector investment, government economic stimulus measures, the recovery of the tourism sector, and private consumption, despite continued pressure from rising living costs and financial expenses.
Against this backdrop, Sea Oil Public Company Limited (the “Company”) prudently managed oil price risks while enhancing operational efficiency and expanding its customer base both domestically and internationally. As a result, in 2025, the Company reported a net profit of THB 263 million, with total operating revenue of THB 19,772 million, representing an increase of 13% year-on-year. Gross profit amounted to THB 465 million, an increase of 3% compared to the previous year. Although the overall gross margin remained at a level comparable to the prior year due to price competition and cost volatility, the Company successfully maintained strong financial stability and adequate liquidity, while continuing to operate under a disciplined risk management framework.
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The Board of Directors places the highest importance on good corporate governance, effective risk management, and transparency in business operations. In 2025, the Company was rated “Excellent” (5 Stars) for the seventh consecutive year under the Thai Listed Companies Corporate Governance Survey. The Company also successfully renewed its certification as a member of the Thai Private Sector Collective Action Against Corruption (CAC). In addition, the Company was awarded a “SET ESG Ratings: A” for 2025 by the Stock Exchange of Thailand.
This recognition reflects SEAOIL’s concrete commitment to sustainable business practices, across environmental, social, and governance (ESG) dimensions.
Furthermore, the Company obtained International Sustainability and Carbon Certification (ISCC) to support the expansion of environmentally friendly products, particularly biodiesel. This achievement represents a significant milestone in supporting the energy transition and reducing greenhouse gas emissions, while strengthening the Company’s long-term competitiveness.
The Company firmly believes that the integration of strong management capabilities, strategic flexibility in response to market conditions, and a steadfast commitment to good governance will serve as a solid foundation for sustainable growth. This approach enables the Company to deliver appropriate returns to shareholders while creating shared value for all stakeholders. On behalf of the Board of Directors, I would like to express my sincere appreciation to our shareholders, business partners, financial institutions, and employees for their continued support and dedication in navigating the challenges of the past year. Please be assured that the Company will continue to operate with prudence, transparency, and a strong commitment to continuous development, aiming for sustainable long-term growth.
