Tipco Asphalt Public Co. Ltd. · SET:TASCO
Tipco Asphalt Public — FY2025 Earnings Presentation
17 slides from Tipco Asphalt Public's earnings presentation, Feb 24, 2026
Slide 1: 2025 Performance
2025 Performance
Slide 2: Disclaimer
Disclaimer This presentation material has been prepared solely for informational purposes only. TASCO is furnishing it solely for use by prospective investors/analysts in the proposed event. TASCO makes no representations or warranties as to the accuracy or completeness of such information. By accep
Slide 3: Agenda
TASCO 01 Financial Performance 02 Q4/2025 Highlights AGENDA 03 Sustainability 04 Outlook
Slide 4: Financial Performance
TASCO FINANCIAL PERFORMANCE
Slide 5: Revenue and Sales Volume
REVENUE AND SALES VOLUME Asphalt Sales Volume Asphalt Business – Sales & Service Revenue Unit: Mil. Tons Unit: Mil. THB 2025 2024 2025 2024 -3% +7% 25,086 25,798 1.17 1.10 -14% 8,375 0.29 0.29 0.33 0.32 0.32 6,780 6,064 5,865 6,377 7,398 0.28 0.23 0.22 5,009 5,016 Q1 Q2 Q3 Q4 YTD Q1 Q2 Q3 Q4 YTD Con
Slide 6: Gross Profit and Selling Price
GROSS PROFIT AND SELLING PRICE Operating Gross Profit Average Selling price Unit: Mil. THB 2025 2024 Unit: USD/bbl. - 29% 3,136 - 65% 2,226 95.7 -4 .9% vs Q3 25 1,384 97.3 90.3 91.9 917 88.9 730 723 85.0 343 492 459 314 80.8 78.4 78.4 Q1 Q2 Q3 Q4 YTD Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q
Slide 7: SG&A and Net Profit
SG&A AND NET PROFIT SG&A %SG&A Unit: Mil. THB %to sales 2025 %to sales 2024 - 5% 2025 2024 1,178 1,243 - 9% 5.3% 5.1% 4.3% 4.1% 4.3% 4.4% 4.7% 306 300 306 344 290 319 4.3% 4.1% 280 276 3.8% Q1 Q2 Q3 Q4 YTD Q1 Q2 Q3 Q4 YTD NET PROFIT EBITDA Unit: Mil. THB Unit: Mil. THB - 20% -16% 2025 2024 1,417 202
Slide 8: Key Financial Ratios and Dividend
KEY FINANCIAL RATIOS AND DIVIDEND Debt / Equity Ratio Return on Equity1/ Return on Asset2/ 2025 2024 Unit: % 2025 2024 Unit: % 0.59 0.56 0.54 14.2 0.50 11.2 0.48 10.5 8.7 7.0 6.8 7.5 10.2 12.1 3.4 6.7 9.1 6.9 8.5 6.5 3.6 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 1/ Return is based on sum
Slide 9: Q4/2025 Highlights
TASCO Q4/2025 HIGHLIGHTS TIPCO
Slide 10: Q4/2025 Highlights
Q4/2025 Domestic Market HIGHLIGHTS Overall, the volume increased; however, the selling price declined in line with the regional market price. International Market The regional asphalt index price continued to decrease on weekly basis since early August 2025, leading to lower profit margins in the in
Slide 11: Sustainability
TASCO SUSTAINABILITY
Slide 12: 2025 Key Performance – Environmental Dimension
2025 KEY PERFORMANCE – ENVIRONMENTAL DIMENSION Total GHG emissions 2025 GHG emissions reduced by 40% against target of Unit: ton CO2 e 31% due to key following reasons; Scope 1 Scope 2 17,259 Electricity consumption from solar roof projects 2,115 11,412 10,363 40% stood at 4.2% of total electricity
Slide 13: Social & Governance
SOCIAL & GOVERNANCE SOCIAL DIMENSION RECOGNITION Completed Human Rights Risk assessment for refinery, asphalt and marine businesses 5 stars (Highest tier) 87/100 AGM Checklist 100/100 3.7 (Percentile 83) H Risks that require immediate attentions M Risks that need to be closely monitored L Risks that
Slide 14: Outlook
TASCO OUTLOOK
Slide 15: Outlook Summary
OUTLOOK SUMMARY Feedstock Domestic Market International Market The company received one feedstock The Thai market continues to show Strong momentum from key cargo in January 2026. strong demand in Q1 2026, driven by international retail markets was the peak season for road paving anticipated, even w
Slide 16: IR Contact
TASCO IR CONTACT K. Proud Teuytowong +66 2 273 6563 investors@tipcoasphalt.com www.tipcoasphalt.com Share your feedback with us https://www.facebook.com/tipcoasphalt by scanning the QR code
Slide 17: Thank You
THANK YOU www.tipcoasphalt.com