Reference
·Primary source
PTT Global Chemical (PTTGC) revenue (2020-2024)
~THB 614B (2024)
PTT Global Chemical (SET:PTTGC), Thailand's flagship integrated petrochemical producer, reported approximately THB 614 billion in consolidated revenue for FY2024, down from a THB 745B peak in 2022 as olefin spreads compressed under Chinese capacity additions. PTTGC operates Map Ta Phut cracker complexes 56J/58J, a downstream polyolefin portfolio, and the Allnex specialty coatings business acquired in 2021 (which buffered group results against commodity weakness). FY2024 net result reflects ongoing cracker margin pressure plus Allnex EBITDA stabilisation. The 2022 revenue peak coincided with the post-COVID energy-price surge.
Figure in context
PTT Global Chemical (SET:PTTGC), Thailand's flagship integrated petrochemical producer, reported approximately THB 614 billion in consolidated revenue for FY2024, down from a THB 745B peak in 2022 as olefin spreads compressed under Chinese capacity additions. PTTGC operates Map Ta Phut cracker complexes 56J/58J, a downstream polyolefin portfolio, and the Allnex specialty coatings business acquired in 2021 (which buffered group results against commodity weakness). FY2024 net result reflects ongoing cracker margin pressure plus Allnex EBITDA stabilisation. The 2022 revenue peak coincided with the post-COVID energy-price surge.
Interpretation notes
What this tells you
PTT Global Chemical (SET:PTTGC), Thailand's flagship integrated petrochemical producer, reported approximately THB 614 billion in consolidated revenue for FY2024, down from a THB 745B peak in 2022 as olefin spreads compressed under Chinese capacity additions. PTTGC operates Map Ta Phut cracker complexes 56J/58J, a downstream polyolefin portfolio, and the Allnex specialty coatings business acquired in 2021 (which buffered group results against commodity weakness). FY2024 net result reflects ongoing cracker margin pressure plus Allnex EBITDA stabilisation. The 2022 revenue peak coincided with the post-COVID energy-price surge.
What not to do with it
Values in THB billions consolidated revenue per PTTGC Form 56-1. 2024 reflects unaudited preliminary figures consistent with Q4 disclosures; final figures may revise modestly.
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