Thai Oil's earnings have been declining at an average annual rate of -5.3%, while the Oil and Gas industry saw earnings growing at 8.4% annually. Revenues have been growing at an average rate of 5.5% per year. Thai Oil's return on equity is 13.2%, and it has net margins of 8.8%.
Key information
-5.31%
Earnings growth rate
-7.63%
EPS growth rate
Oil and Gas Industry Growth
33.67%
Revenue growth rate
5.48%
Return on equity
13.17%
Net Margin
8.82%
Last Earnings Update
31 Mar 2026
Recent past performance updates
No updates
Recent updates
Revenue & Expenses Breakdown
How Thai Oil makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
OTCPK:TOIP.Y Revenue, expenses and earnings (THB Millions)
Date
Revenue
Earnings
G+A Expenses
R&D Expenses
31 Mar 26
346,613
30,562
4,468
0
31 Dec 25
330,943
14,584
4,056
0
30 Sep 25
340,036
14,893
3,798
0
30 Jun 25
371,127
8,528
3,932
0
31 Mar 25
395,207
7,599
3,846
0
31 Dec 24
407,951
9,959
3,874
0
30 Sep 24
436,862
10,136
3,891
0
30 Jun 24
449,879
25,182
3,825
0
31 Mar 24
435,021
20,752
3,688
0
31 Dec 23
432,309
19,443
3,521
0
30 Sep 23
441,752
16,646
4,063
0
30 Jun 23
445,447
5,830
4,072
0
31 Mar 23
492,164
30,040
4,138
0
31 Dec 22
496,227
32,668
4,182
0
30 Sep 22
458,331
37,551
3,603
0
30 Jun 22
412,494
39,602
3,406
0
31 Mar 22
336,937
16,427
3,231
0
31 Dec 21
291,326
12,641
3,056
0
30 Sep 21
238,723
14,890
2,775
0
30 Jun 21
214,973
13,607
2,742
0
31 Mar 21
185,549
13,981
2,630
0
31 Dec 20
188,024
-3,088
2,650
0
30 Sep 20
217,816
-7,966
2,492
0
30 Jun 20
242,535
-9,428
2,339
0
31 Mar 20
284,703
-11,387
2,563
0
31 Dec 19
298,744
6,693
2,546
0
30 Sep 19
311,028
-519
2,728
0
30 Jun 19
329,777
4,722
2,845
0
31 Mar 19
334,412
8,949
2,739
0
31 Dec 18
334,853
10,149
2,782
0
30 Sep 18
323,731
21,888
2,790
0
30 Jun 18
302,243
24,935
2,795
0
31 Mar 18
285,097
23,390
2,915
0
31 Dec 17
280,464
24,856
2,915
0
30 Sep 17
276,249
23,732
2,879
0
30 Jun 17
264,430
19,067
2,861
0
31 Mar 17
256,745
23,571
2,713
0
31 Dec 16
225,939
21,222
2,633
0
30 Sep 16
231,976
19,169
2,865
0
30 Jun 16
238,221
13,933
2,904
0
31 Mar 16
244,889
12,409
2,953
0
31 Dec 15
259,464
12,181
3,207
0
30 Sep 15
298,528
1,988
3,126
0
30 Jun 15
312,061
2,049
3,000
0
Quality Earnings: TOIP.Y has high quality earnings.
Growing Profit Margin: TOIP.Y's current net profit margins (8.8%) are higher than last year (1.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: TOIP.Y's earnings have declined by 5.3% per year over the past 5 years.
Accelerating Growth: TOIP.Y's earnings growth over the past year (302.2%) exceeds its 5-year average (-5.3% per year).
Earnings vs Industry: TOIP.Y earnings growth over the past year (302.2%) exceeded the Oil and Gas industry 6%.
Return on Equity
High ROE: TOIP.Y's Return on Equity (13.2%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/06/13 20:40
End of Day Share Price
2026/06/08 00:00
Earnings
2026/03/31
Annual Earnings
2025/12/31
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Thai Oil Public Company Limited is covered by 35 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.