Star Petroleum Refining Plc. (SPRC): Strong 4Q25E–2025E Core Profit, NP Impacted By Stock Loss

125 Views28 Jan 2026 08:15

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We expect core profit to grow strongly YoY and QoQ in 4Q25E on a high-base GRM and well-managed OPEX, before easing QoQ in 1Q26E due to weaker market GRM...

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Introduction to SPRC
Quarterly Performance Analysis
Future Profit Forecasts
Stock Performance and Valuation
Operating and Market Challenges

Krungthai XSpring

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Star Petroleum Refining Plc. (SPRC): Strong 4Q25E–2025E Core Profit, NP Impacted By Stock Loss
28 Jan 2026