PCE's profit surge, capacity expansion, and biofuel tax cut plan drive growth
Record Q2 profit and strong H1 results PCE reported Q2 2026 net profit of 214.2 million baht, up 59.5% from a year earlier, on revenue of 7.06 billion baht. First-half profit rose 36% to 220.9 million baht. Higher sales of high-margin B100 biodiesel and refined palm oil, plus cost controls, lifted margins.
This is the core financial result that shows the company's earnings power and supports the stock's value.
Government biofuel tax cut plan could boost demand Thailand is considering cutting excise taxes on biofuels to lower fuel prices and increase consumption. DBS Vickers named PCE among 11 stocks set to benefit, specifically in the group of integrated palm oil producers linked to biodiesel. Lower taxes would make biodiesel cheaper, driving more demand for PCE's B100.
This is a new regulatory catalyst that could expand the market for PCE's key product.
Capacity expansion to meet rising demand PCE is expanding its edible palm oil refinery from 300 to 700 tonnes per day, due in Q4 2026, and building a third crude palm oil mill to raise fresh fruit processing from 150 to 225 tonnes per hour by Q2 2027. These moves aim to capture growing food-industry demand and reduce reliance on external purchases.
This shows concrete steps to grow production and sales volume, supporting future revenue.
B100 biodiesel orders remain strong, supporting H2 outlook PCE says B100 biodiesel orders are flowing in continuously, with sufficient raw materials to meet demand. The company expects Q3 margins to improve after a standout Q2, and Q4 is the high season. Management guides 2026 revenue growth of 10-15% and double-digit gross margin growth.
This provides forward-looking confidence that the strong performance will continue in the second half.