Bangchak Corporation (BCP) reported Q2/2569 net profit of 12.2 billion baht, up 99% QoQ, driven by favorable hedging reversals and the start of commercial sustainable aviation fuel (SAF) production in May 2569, generating 1 billion baht EBITDA. The company also acquired Chevron Hong Kong (31 fuel stations) for regional retail expansion. Energy price volatility and geopolitical factors remain key risks to H2 performance.