Phetch Srivichai Enterprise or PCE, Thailand's leader in the integrated palm oil industry, reported net profit of 214.2 million baht for the second quarter of fiscal year 2026, up 59.5% from the same period last year, despite a 37.6% decline in sales revenue to 6,972.4 million baht. Gross profit surged 114.8% to 432.8 million baht, lifting the gross margin to 6.2% from 1.8% a year earlier. The main drivers were an increased proportion of value-added products such as B100 and RBDPO, supported by rising domestic biodiesel demand. Meanwhile, revenue from the domestic market rose to 74.9% of total revenue, up from 36.7% in the previous year. For the first six months, net profit stood at 220.9 million baht, up 36.76% from the same period last year, despite a 26.9% decline in total revenue, reflecting a value chain management strategy from upstream to downstream that helped offset the impact of lower palm fruit yields.
PETCHSRIVICHAI ENTERPRISE PUBLIC COMPANY LIMITEDNet profit up 59.5% despite lower revenue, with gross margin expanding.
Rising domestic biodiesel demand boosts demand for crude palm oil.
