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BAFS Reports Strong 2024 Performance with First Profit in Five Years at THB 102.9M, Approves THB 0.30 Yearly Dividend, Eyes Asian Market Expansion in 2025

By
MIL OSI
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0

Source: Media Outreach

BANGKOK, THAILAND – Media OutReach Newswire – 24 February 2025 – BAFS has announced its 2024 financial results, reporting total revenue of THB 3.507 billion and a net profit of THB 102.9 million, marking a 175% increase from the previous year and the company’s first profitable year since the COVID-19 pandemic. This turnaround to profitability was driven by a high volume of aviation fuel refueling and pipeline oil transportation. BAFS plans to distribute a yearly dividend of THB 0.30 per share for 2024. Looking ahead to 2025, the company has allocated an investment budget exceeding THB 1 billion to strengthen its business and expand into Asian markets, targeting an 8% revenue growth.

M.L. Nathasit Diskul, President of BAFS demonstrated robust and consistent business growth in 2024

M.L. Nathasit Diskul, President of Bangkok Aviation Fuel Services Public Company Limited (BAFS), stated that BAFS and its subsidiaries (BAFS Group) demonstrated robust and consistent business growth in 2024, leading to the company’s first profitable year since the COVID-19 outbreak in 2019, with a net profit of THB 102.9 million—a 175% increase from the previous year. This growth was primarily attributed to a surge in aviation fuel refueling volume, which reached 5.047 billion liters, exceeding expectations, along with a significant increase in northern pipeline oil transportation to 1.226 billion liters. These factors drove total revenue to THB 3.507 billion, reflecting a 14% year-over-year increase, in line with the recovery of the tourism sector. EBITDA also grew by 21% year over year, reaching THB 1.594 billion.

In Q4 2024, BAFS Group recorded total revenue of THB 955.4 million, a 19% year-over-year increase, with EBITDA of THB 343.9 million, supported by higher gross profits resulting from increased aviation fuel sales. Operating expenses rose by 1% while net finance costs decreased by 9% due to scheduled debt repayments to financial institutions and lower interest rates on commercial bank loans. The company recognized a Q4 loss due to a fair value adjustment of its investment in a Japanese power plant and an impairment of goodwill from a domestic power plant. Additionally, it wrote off deferred tax assets (DTA) that were deemed unlikely to be utilized in the future. These accounting adjustments had no cash flow impact and resulted in a Q4 net loss attributable to shareholders of THB 49.8 million.

Following its strong performance in 2024, the Board of Directors approved a dividend payout of THB 0.30 per share for 2024. This includes an interim dividend of THB 0.10 per share, paid on September 3, 2024, and a final dividend of THB 0.20 per share, scheduled for payment on May 22, 2025. The final dividend is subject to approval at the company’s 2025 Annual General Meeting.

BAFS Group will continue its commitment to sustainable growth in 2025, targeting an 8% revenue increase. With over THB 1 billion allocated for strategic investments, the company will collaborate with partners to explore new business opportunities while enhancing Thailand’s energy transportation infrastructure. A key project is the extension of the northern oil pipeline connecting Ang Thong and Saraburi led by BAFS Pipeline Transportation Co., Ltd. Construction is set to begin in Q1 2025, with commercial operations expected to commence in 2026. Once completed, the total length of the pipeline system will exceed 726 kilometers, making it the longest and most advanced oil transportation pipeline in Thailand and the longest in Southeast Asia.

Amid the ongoing energy transition and its challenges, BAFS Group remains committed to sustainable value creation and energy security. The company’s five-year strategic plan (2025-2029) focuses on three key pillars. The first pillar, Solid Financials for Uplifting Asia, involves expanding investments across Asia, leveraging BAFS Group’s capabilities to seek investment and growth opportunities in the Asian market. Two key contributors are BAFS INTECH Co., Ltd., which is driving the expansion of the aviation refueling truck market in Southeast Asia, and BAFS Clean Energy Corporation Co., Ltd., which is currently advancing investments in Mongolia.

The second pillar, Sustainability and Governance for a Thriving Future, focuses on supporting the transition of society and the aviation industry to a sustainable energy era, primarily by preparing for the adoption of sustainable aviation fuel (SAF). Last year, BAFS began SAF refueling services at Samui and Suvarnabhumi International Airports and recently obtained ISCC-CORSIA certification in the logistic center scope for its aviation fuel storage and refueling stations at Don Mueang and Suvarnabhumi Airports.

The third pillar, Re-imagining the Future of Work for Human Empowerment, emphasizes building a future-ready workforce by enhancing employees’ skills in generative AI and digital literacy to ensure adaptability to changes. BAFS is also assessing and preparing its IT infrastructure to provide employees with secure and convenient access to generative AI tools to boost efficiency.

https://www.bafsthai.com
https://th.linkedin.com/company/bafsthai
https://www.facebook.com/BAFSGROUP

Hashtag: #BAFS #BAFSGroup

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

Cakebar Katong Unveils Singapore’s First 24/7 Self-Pickup Cake Kiosk

By
MIL OSI
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0

Source: Media Outreach

SINGAPORE – Media OutReach Newswire – 24 February 2025 – In a strategic move to reshape the dessert service landscape through the comprehension of local consumer needs, Cakebar Katong introduces Singapore’s first 24/7 self-pickup cake kiosk, marking a significant shift towards innovative unmanned store concepts. Setting a new standard in customer convenience, this pioneering initiative at its Katong outlet offers customers the freedom to order and collect artisan cakes and desserts around the clock from a dedicated, chilled pickup station. By integrating advanced IT and engineering solutions, Cakebar prioritises accessibility, holding its own in a competitive market increasingly dominated by online options.

Pioneering Singapore’s first 24/7 self-pickup cake kiosk, Cakebar Katong revolutionises dessert accessibility for all occasions. This unmanned, fully integrated online ordering system eliminates the constraints of store hours and home refrigeration, catering to both spontaneous celebrations and planned events with unparalleled convenience and innovation.

Redefining Cake Shopping with Advanced Technology

As retail trends shift towards technology-driven solutions, Cakebar emerges as a fresh contender with its automated cake kiosk, aiming to make a dent in the confectionery market. At its core, this transformative kiosk integrates advanced IT and engineering solutions with robust security measures, including long-distance remote monitoring, real-time alerts, and CCTV surveillance, along with continuous online tracking of refrigeration temperatures to ensure optimal food safety and quality.

Extending beyond the boundaries of typical cake shopping experiences, Cakebar’s technology-driven service is fully integrated with online ordering. Eliminating traditional shopping constraints, this self-pickup service offers unmatched convenience, allowing customers to skip the queues, order and pick up their cakes and desserts anytime—day or night. With a simple online ordering process, customers can choose the 24/7 pickup option at Cakebar Katong and retrieve their orders on-site in a few taps. Whether it’s a same-day pickup for orders placed before 2PM, or a next-day pickup, Cakebar ensures that every celebration or spontaneous craving is met with ease.

Enhancing Convenience with Future Service Innovations

Celebrated for its pioneering technology and creative solutions, Cakebar is set to further enhance its proprietary 24-hour service model by introducing a self-service vending machine. This future addition aims to provide not only cake pickups but also a selection of celebration essentials, such as party plates, flowers, and greeting cards—all available around the clock.

Anticipating future expansions, this Singaporean-run company is exploring ways to extend this innovative service model across its entire network of outlets, potentially offering the full customer experience 24/7 at all its locations—unmanned. This move highlights Cakebar’s ongoing efforts to marry baking with cutting-edge service innovation, anticipating new convenient ways to satisfy local customer needs in the confectionery space.

https://cakebar.com.sg/
https://www.facebook.com/Cakebar.fb/
https://www.instagram.com/cakebar.instag/

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

Media Advisory: Waitematā East Custody Unit re-opens

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LiveNews Publisher
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0

Source: New Zealand Police (National News)

Police invites media to the re-opening of the Waitematā East Custody Unit on Tuesday 25 February.

The Custody Unit will be based at the North Shore Policing Centre.

Minister of Police Mark Mitchell, Police Commissioner Richard Chambers, and District Commander Superintendent Naila Hassan will open the facility.

Media are invited to cover the opening, which includes speeches, ribbon cutting and a tour of the facility.

Media are required to RSVP to the event by emailing media@police.govt.nz. On the day you will be escorted by a representative from the Police Media Team to the location.

KEY DETAILS:

Where:

North Shore Policing Centre, 52 Parkway Drive, Rosedale

When: 

Tuesday 25 February 2025.

9am (arrive before 8.45am)

Important Notes:

Parking is limited – please allow additional time for arrival.

The District Custody Unit will begin accepting detainees after this event has concluded.

ENDS.

Jarred Williamson/NZ Police

MIL OSI

The Great Outdoors – New field guide helps trail groups share stories

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LiveNews Publisher
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0

Source: Herenga ā Nuku – the Outdoor Access Commission

A new field guide will help community groups and trailmakers tell the stories of their trails.
Many walking tracks, mountain bike paths and outdoor community spaces have important stories behind them that record our history, our connection to nature and the people who cared for the land.
The guide helps the country’s many great trail groups and trusts to build signs that share stories along their local trails.
“Sharing the stories of your community and place is a wonderful way of inviting new audiences to appreciate and care for our special places,” says Mick Abbott, WildLab’s founder.
“For this to be effective, it is important that the stories we tell and the way they are presented are inspiring, inclusive and appealing.”
Herenga ā Nuku and WildLab worked with two local community groups, Ride Coromandel and Tiaki Maniototo to develop the panels that are the Field Guide’s case studies. The two groups have agreed to be the champions, supporters and mentors for other community trail groups that want to develop their own storytelling panels. In the Field Guide they share their new knowledge and expertise, so other groups can apply it and can pass what they learn forward.
The Field Guide outlines the key steps for trailmaker groups to undertake a storytelling panel sign project.
For more information:

MIL OSI

Weather News – Final Week of Summer ticks all the Summer Boxes – MetService

By
LiveNews Publisher
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0
Source: MetService

Covering period of Monday 24 – Friday 28 February 2025 – Settled weather characterised by light winds, clear skies, warm days, and low amounts of rainfall continues over Aotearoa New Zealand this week due to a persistent area of high pressure lying over the country. The only disturbance in the flow comes in the form of a rainband moving up the western South Island on Tuesday, and MetService has issued a Heavy Rain Watch for northern Fiordland and the ranges of the Westland District.
 
The incoming rain band moves onto southern Fiordland Monday evening, with the Heavy Rain Watch covering the 13-hour period from 7am Tuesday. It has been an abnormally dry start to the year for the western South Island, with Milford Sound recording only ~20% of its usual rainfall for this time of the year. The rain weakens notably before it reaches the lower North Island early Wednesday morning, and ahead of the rain, warm northwesterly winds will give daytime temperatures a small bump up on Tuesday, but a closely following southerly wind will drop them back down on Wednesday.
 
MetService Meteorologist Clare O’Connor advises, “The uneventful weather is good news for anyone attending or performing at Te Matatini Festival in New Plymouth this week. Other than the chance of brief rain on Wednesday evening, dry and mostly sunny conditions are forecast so don’t forget to slip, slop, slap, and wrap while enjoying the day”.
 
Similar conditions are expected over the whole country for the remainder of the week, before the next rainband approaches the south closer to the weekend.

While settled weather is the story of the week here in Aotearoa, the tropics have had a burst of activity. Two tropical cyclones were named on Sunday evening: Tropical Cyclone Alfred in the Coral Sea, monitored by Australia’s Bureau of Meteorology, and Tropical Cyclone Rae which lies north of Fiji and is monitored by the Fiji Meteorological Service. A third area of interest between Vanuatu and Fiji may also develop into a tropical cyclone over the coming days.
 
While none of these are expected to impact New Zealand, MetService’s tropical cyclone forecasters are always keeping a close eye on the tropics at this time of the year.

MIL OSI

Northland Regional Council media briefs 24/02/25

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LiveNews Publisher
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0

Source: Northland Regional Council

Mōtatau Students learn to use stream testing kits
Northland Regional Council’s Land Management team has supported tamariki of Mōtatau School in their freshwater kaitiaki mahi through an event involving NRC, Mountains to Sea Conservation Trust, and local landowner Waipapa Ahuwhenua Trust.
The team taught 35 children to use the council’s Stream Health Monitoring Assessment Kits to test water quality in waterways on the Ahuwhenua Trust’s property in Opahi.
The kits can be used to check nitrogen and phosphorous levels, water clarity, and the types and quantity of fish and insects present.
The initiative was the brainchild of Waipapa Ahuwhenua Trust farm manager Riki Ngakoti, who wanted to equip the youngsters to be the freshwater kaitiaki of tomorrow as part of the trust’s commitment to environmental kaitiakitanga.
Climate Change Commission to come to Northland
The Climate Change Commission is planning a visit to Northland in March as it gathers evidence to inform the government on shaping a National Adaptation Plan due out this year.
The commission is keen to understand climate risks, as well as enablers and barriers to effective adaptation in a Northland context.
The Northland Regional Council’s climate team is looking forward to hosting the commission and to be able to put forward the unique challenges and opportunities we face here in Northland.
Predator Free Whangārei; new artificial intelligence-equipped traps
The field team had a busy month reinstating the leghold trap network that was shut down over the Christmas break.
Fifty traps installed along a Parua Bay barrier zone have regularly caught possums over the 100 nights they have been set and 120 possums have been caught to date.
The Nook project area (686 ha) moved from an initial knockdown stage to mop-up, where the frequency of checking is extended on the back of reduced possum numbers.
An additional 500ha of coastal farmland has moved into the knockdown phase utilizing new artificial intelligence (AI) equipped traps. We will have a keen eye on the results of these devices as they automatically transmit their data, with 42 possums removed since early January. 

MIL OSI

Early licence renewal a convenient option for senior drivers

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LiveNews Publisher
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0

Source: New Zealand Transport Agency

NZ Transport Agency Waka Kotahi (NZTA) is reminding senior drivers that they have the option of renewing their driver licence up to six months before it expires, in order to allow plenty of time to complete the renewal process.

“We understand how important it is for senior drivers to have enough time to get a medical certificate and, if required by their health practitioner, book a practical driving test. To ensure this process runs as smoothly as possible, we want to make senior drivers are aware that they can start the renewal process early. And remember that renewing early won’t affect the new driver licence expiry date,” says Karina Morrow, NZTA Senior Manager Safer Drivers. 

Senior drivers are required to renew their driver’s licence at age 75, 80 and every two years after that, and need to present a medical certificate when renewing. These can be issued by doctors, registered nurses and nurse practitioners operating within their scope of practice.  

What senior drivers need to do  

  • a medical certificate issued within the last 60 days 
  • EFTPOS, credit card or cash to pay the $21.50 renewal fee.  
  • They may also need to complete a practical driving test if recommended by their doctor. There are two types of practical tests a doctor may require: 
  • On-road safety test, which assesses a driver’s ability to meet the minimum safe driving standard.   
  • Occupational therapist driving assessment, which assesses competency in a range of situations and where a medical condition may be a factor in driving (such as post stroke, Parkinsons Disease, Multiple Sclerosis, etc). 

More information about renewing from age 75 and over is available on the NZTA website: 

Renewing for seniors 

Resources  

NZTA offers a range of resources for senior drivers renewing their licence and Staying Safe courses run through Age Concern.  

Senior driving resources 

Staying Safe courses available in your area  

MIL OSI

Hornswoggling porch pirate nabbed in Waikato

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LiveNews Publisher
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Source: New Zealand Police (National News)

Police have arrested a 35-year-old Hamilton woman in relation to a number of parcel thefts around the region.

She is facing five charges of burglary and is due to appear in the Hamilton District Court on Thursday 27 February.

In recent weeks, Police have received a number of reports about parcels going missing from doorsteps of houses.

Police are reminding the public to take extra caution to ensure their parcels don’t fall into the hands of thieves.

Use the carriers’ parcel tracking services to keep an eye on when your parcel is due to arrive.

If you are not home, make sure your parcel is left somewhere safe and out of sight, or ask a neighbour or friend to collect it from your doorstep.

If you see anything suspicious, take note of any activity and/or vehicle number plates and make a report to Police.

You can contact us via 105 by calling or making an online report, or call 111 if it is happening now.

ENDS

Issued by Police Media Centre

MIL OSI

Release: Overhaul of Overseas Investment Act a Fire Sale of Kiwi Assets

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LiveNews Publisher
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Source: New Zealand Labour Party

The Government’s reckless overhaul of the Overseas Investment Act is a fast track for foreign investment at the expense of Kiwi interests.

“The Government’s reforms to the Overseas Investment Act are a significant shift away from the current overseas investment rules, and not in the best interests of New Zealanders,” Labour finance spokesperson Barbara Edmonds said.

“It seems the Government’s new slogan ‘Everyone Must Go’ has been interpreted by David Seymour as ‘Everything Must Go,’ including New Zealand’s essential assets.

“Under their plan, foreign investors will find it even easier to snap up key assets without clear protections for Kiwi jobs or incomes. Investing in New Zealand is a privilege, not an open invitation for profit-chasing investors to exploit our resources and siphon off the returns overseas. Yet, this Government is throwing the doors wide open, without ensuring our assets serve the interests of Kiwi workers, businesses, and communities.

“The Government claims they have a ‘balanced’ approach, but that raises the question: balanced for whom? I don’t see any clear protections for New Zealand’s environment, public utilities, or any effort to consider Māori or the broader community.

“There has been no consultation on these changes and the Government wants to rush the legislation through before the end of the year. The Treasury themselves, in David’s Seymour’s Cabinet Paper, say that because they were restricted by the Coalition Agreement, they have had no opportunity to test whether their policies can actually be delivered and whether the benefits will materialise.

“Rushed reforms like these put our economic future at risk. This Government is making it easier for foreign companies to buy up key assets while shifting profits offshore. That doesn’t strengthen our economy, it weakens it. This is just another example of this Government taking New Zealand backwards,” Barbara Edmonds said.

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MIL OSI

Putting things right – Waimakariri Road SH5

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LiveNews Publisher
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Source: New Zealand Transport Agency

Work starts shortly to create a right-turn bay southbound into Waimakariri Road on State Highway 5 (SH5) in South Waikato.

The NZ Transport Agency Waka Kotahi (NZTA) says the work, which includes some road widening at the T-intersection, will be done during resealing in the area.

It will provide a safe position for vehicles to wait to cross the state highway into Waimakariri Road.

The work and new sealing will be carried out from Monday 3 March to Tuesday 18 March with line marking scheduled in late April. Dates are weather dependent.

Access to properties will be maintained at all times but both SH5 and Waimakariri Road traffic can expect short delays due to some stop/go and speed restrictions in place.

The right-turn bay is one of several safety improvements planned for the stretch of SH5 between Tīrau and Tārukenga Marae Road.

  • A roundabout will be built at SH5/State Highway 28/Harwoods Road starting in September and taking about 8 months to build.
  • Funding has been allocated to complete design for a roundabout at SH28/Whites Road.
  • Funding has also been approved for designing general widening between Whites and Harwoods Roads to allow for wide centrelines.

Between 2014 and 2024, 18 people died and 64 were seriously injured on this section of road between the State Highway1 roundabout at Tīrau and Tārukenga Marae Road on the Rotorua side of the Mamaku Range.

More information is available on the project website:

SH5 Tīrau to Tārukenga safety improvements

MIL OSI

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