Petchsrivichai Enterprise Public Company Limited, or PCE, reported second-quarter net profit of 214.2 million baht, up 59.5% from the same period last year. Although total revenue fell 37.7% to 7.06 billion baht, it rose 35.6% from the previous quarter, while EBITDA margin improved to 4.5% from 1.9%, reflecting a shift in product mix toward higher value-added products such as B100 biodiesel and refined bleached deodorised palm oil, or RBDPO. The crude palm oil business was affected by lower domestic palm output. The company expects the second half to be supported by government policy making B7 the base diesel grade and B20 an alternative grade, which will boost demand for B100. It is also building a new palm oil refinery for edible oil, expected to be completed in the fourth quarter of 2026.
PETCHSRIVICHAI ENTERPRISE PUBLIC COMPANY LIMITEDQ2 net profit surged 59.5% to 214.2 million baht, with improved EBITDA margin.
Lower domestic palm output affected crude palm oil business.
