PRM
19 December 2025 16:35
6.35 THB
Change (% Change)
-(-%)
Volume (Shares)
2,773,112
Value ('000 Baht)
17,448
Unit:Million baht
Assets
Revenue
Net Profit
Quick Downloads
Annual Registration Statement / Annual Report for the Year (Form 56-1 One Report) Year 2024
Annual Report Year 2020
Financial Statement Quarter 3/2025
Set Announcements
28 November 2025
Invitation to shareholders to propose agenda items and to nominate candidates for directorship in advance of the 2026 Annual General Meeting of Shareholders
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The company finances its investments in new projects and business expansion through two primary sources:

  1. Loans from financial institutions
  2. Retained earnings

Each project’s capital structure is strategically managed to maintain an optimal balance between debt and equity. This approach ensures the company’s weighted average cost of capital (WACC) remains efficient, liquidity is preserved, and overall financial stability is maintained.

The company uses the straight-line depreciation method. The estimated useful life of newly built vessels ranges from 20 to 25 years, depending on the country of construction.

  • Newly built vessels: Approximately 8 years
  • Second-hand vessels: Typically, around 5 years

No. The company’s operating results are not directly correlated with these indices. Most services are domestic, with freight rates determined through negotiated agreements with clients. For the Crude Oil Carrier Business and Floating Storage Unit Business operations, rates are set individually through direct negotiation with customers.

  • Petroleum and Chemical Tankers (PCT Business): Operate primarily under long-term contracts with domestic clients, adhering to customer-specific standards and Classification Society requirements.
  • Crude Oil Carriers (COC Business): All three VLCCs are under 10-year time charter agreements.
  • Floating Storage Units (FSU Business): Contracts typically range from 6 months to 1 year.
  • Offshore Support Vessels (OSV Business): Contract durations generally range from 1 to 5 years.

In accordance with international maritime standards, vessels undergo maintenance twice within a five-year cycle:

  • Intermediate Survey: Conducted every 2.5 years. These inspections are required by Classification Societies and regulatory bodies such as the International Maritime Organization (IMO).
  • Special Survey: A comprehensive inspection is performed every 5 years to ensure seaworthiness and renew the vessel’s Class Certificate. Special Surveys are more extensive, time-consuming, and costly compared to Intermediate Surveys, but are essential for continued vessel operations.
  • Petroleum and Chemical Tankers: Approximately 15-30 days
  • Very Large Crude Carriers (VLCCs): Approximately 45-60 days
  • Floating Storage Units (FSUs): Approximately 45-60 days
  • Crew Boats: Approximately 7-15 days
  • Accommodation Work Barges (AWBs): Approximately 30-45 days

Yes. Approximately 65% of the company’s service revenue is denominated in US dollars. As a result, fluctuations in exchange rates have a direct impact on financial performance.

  • Petroleum Products: Including gasoline, diesel, and jet fuel (Jet A1)
  • Chemical Products: Including naphtha, paraxylene, cyclohexane, and methyl tertiary butyl ether (MTBE)