Answer:

PunThai Coffee continues to maintain a strong gross profit structure, supported by efficient cost management and ongoing expansion of the store network.

Going forward, the Company will continue focusing on store expansion alongside growing its customer base through the membership ecosystem, which will support the long‑term profitability of the business.

Answer:

The direction of financial costs will depend on interest rate trends and the Company’s capital structure management.

The Company continues to closely monitor interest rate movements and manage its debt structure appropriately in order to optimize financing costs over the long term.

Answer:

The financial statements of PunThai Coffee are currently in the process of being filed with the Department of Business Development (DBD).

Detailed financial figures will be disclosed through the appropriate regulatory channels once finalized.

Answer:

Currently, Non‑Oil businesses contribute approximately 40% of the Company’s total gross profit.

In 2026, the Company aims to increase this contribution to around 40–45%, with PunThai Coffee acting as a key growth engine.

Over the longer term, the Company targets Non‑Oil gross profit contribution to reach approximately 50% by 2028.

Answer:

Operating expenses typically increase as the store network expands, including personnel costs, depreciation, and operational management expenses.

However, continued expansion also creates economies of scale in procurement, logistics, and operations, which help improve cost efficiency over time.

Answer:

The Company targets oil sales volume growth of approximately 3–5% year‑on‑year.

The PT Max Card membership base continues to play an important role in increasing customer visit frequency and supporting long‑term growth in oil sales volume.

Answer:

At this stage, the Company continues to focus on strengthening its core Non‑Oil businesses, particularly in the food and beverage segment, which still offers significant growth potential.

At the same time, the Company continues to explore new business opportunities that can be integrated with its existing ecosystem in the future.

Answer:

The Company acknowledges that some degree of cannibalization may occur in certain areas where stores are located close to each other.

However, the coffee business is largely a convenience‑driven business where accessibility plays an important role.

In the past year, the Company expanded approximately 800 PunThai Coffee stores. At the same time, the average number of cups sold per store per day increased to around 200 cups, reflecting that business growth is not merely a redistribution of existing demand.

Therefore, the Company’s strategy is to expand the store network to improve customer accessibility, which helps generate new demand within the system and supports overall business growth

Answer:

Key positive factors include the continued growth of Non‑Oil businesses, particularly PunThai Coffee, and the development of the Company’s ecosystem.

Key factors to monitor include global oil price volatility and overall macroeconomic conditions.