Fortune Top 50 Southeast Asia Companies by Revenue & Profit 2023: Largest Company by Revenue is Trafigura Group with $244 Billion, Largest Company by Profit is DBS with $7.4 billion, Top 5 Companies by Revenue are Trafigura (Singapore), PTT (Thailand), Pertamina (Indonesia), Wilmar (Singapore), Olam (Singapore). Top 5 Companies by Profit are DBS (Singapore), Trafigura Group (Singapore), OCBC (Singapore), Pertamina (Indonesia), UOB (Singapore), Top 50 Southeast Asia Companies Have Combined $1 Trillion Revenue with $71 Billion Profit, Top 50 Southeast Asia Companies Have Combined $90 Billion Profit with $877 Billion Revenue, 3 Companies of Top 50 Larges5 Revenue with Net Losses: 1) Indorama Ventures (Thailand) with $310 Million Losses, Charoen Pokphand Foods (Thailand) with $149 Million & IRPC (Thailand) with $84 Million Losses
26th July 2024 | Hong Kong
Fortune 500 has released the Top 500 Southeast Asia Companies 2023, providing key insights on revenue & profit of the top 500 companies in Southeast Asia. In 2023, the largest company by revenue is Trafigura Group (Singapore, Energy) with $244 billion. Largest Company by Profit – DBS (Singapore, Financials) – $7.4 billion. Top 5 Companies by Revenue – Trafigura Group (Singapore, Energy), PTT (Thailand, Energy), Pertamina (Indonesia, Energy), Wilmar (Singapore, Food & Resources), Olam (Singapore, Wholesaler). Top 5 Companies by Profit – DBS (Singapore, Financials), Trafigura Group (Singapore, Energy), OCBC (Singapore, Financials), Pertamina (Indonesia, Energy), UOB (Singapore, Financials). Top 50 Southeast Asia Companies Revenue – $1 trillion revenue ($71 billion profit). Top 50 Southeast Asia Companies Profit – $90 billion profit ($877 billion revenue). Top Companies in Country by Revenue: Singapore – Trafigura (Energy) with $244 billion, Thailand – PTT (Energy) with $90 billion, Indonesia – Pertamina (Energy) with $75 billion, Philippines – San Miguel (Industrials) with $26 billion, Malaysia – Maybank (Financials) with $14 billion, Vietnam – Petrolimex (Energy) with $11 billion, Cambodia – ACLEDA Bank (Financials) with $826 million. Top Companies in Country by Profit: Singapore – DBS (Financials) with $7.4 billion, Indonesia – Pertamina (Indonesia, Energy) with $4.4 billion, Thailand – PTT (Thailand, Energy) with $3.2 billion, Malaysia – Maybank (Financials) – $2 billion, Philippines – SM Investments (Industrials) – $1.3 billion, Vietnam – BIDV – (Financials) – $902 million, Cambodia – NagaCorp (Cambodia, Hotels, Restaurants & Leisure) with $177 million. 3 Companies of Top 50 Largest Revenue with Net Losses: 1) Indorama Ventures (Thailand, Chemicals) – $310 Million, Charoen Pokphand Foods (Thailand, Food & Beverages) – $149 Million, IRPC (Thailand, Energy) – $84 Million. See below for key findings & summary | View report here
“ Fortune Top 50 Southeast Asia Companies by Revenue & Profit 2023: Largest Company by Revenue is Trafigura Group with $244 Billion, Largest Company by Profit is DBS with $7.4 billion, Top 5 Companies by Revenue are Trafigura (Singapore), PTT (Thailand), Pertamina (Indonesia), Wilmar (Singapore), Olam (Singapore). Top 5 Companies by Profit are DBS (Singapore), Trafigura Group (Singapore), OCBC (Singapore), Pertamina (Indonesia), UOB (Singapore), Top 50 Southeast Asia Companies Have Combined $1 Trillion Revenue with $71 Billion Profit, Top 50 Southeast Asia Companies Have Combined $90 Billion Profit with $877 Billion Revenue, 3 Companies of Top 50 Larges5 Revenue with Net Losses: 1) Indorama Ventures (Thailand) with $310 Million Losses, Charoen Pokphand Foods (Thailand) with $149 Million & IRPC (Thailand) with $84 Million Losses “
Fortune Top 50 Southeast Asia Companies by Revenue & Profit 2023: Largest Company by Revenue is Trafigura Group with $244 Billion, Largest Company by Profit is DBS with $7.4 billion, Top 5 Companies by Revenue are Trafigura (Singapore), PTT (Thailand), Pertamina (Indonesia), Wilmar (Singapore), Olam (Singapore). Top 5 Companies by Profit are DBS (Singapore), Trafigura Group (Singapore), OCBC (Singapore), Pertamina (Indonesia), UOB (Singapore), Top 50 Southeast Asia Companies Have Combined $1 Trillion Revenue with $71 Billion Profit, Top 50 Southeast Asia Companies Have Combined $90 Billion Profit with $877 Billion Revenue, 3 Companies of Top 50 Largest Revenue with Net Losses: 1) Indorama Ventures (Thailand) with $310 Million Losses, Charoen Pokphand Foods (Thailand) with $149 Million & IRPC (Thailand) with $84 Million Losses
Fortune 500 has released the Top 500 Southeast Asia Companies, providing key insights on revenue & profit of the top 500 companies in Southeast Asia. See below for key findings & summary | View report here
1) Fortune Top 50 Southeast Asia Companies
- Largest Company by Revenue – Trafigura Group (Singapore, Energy) with $244 billion revenue
- Largest Company by Profit – DBS (Singapore, Financials) with $7.4 billion profit
- Top 5 Companies by Revenue – Trafigura (Singapore, Energy), PTT (Thailand, Energy), Pertamina (Indonesia, Energy), Wilmar (Singapore, Food & Resources), Olam (Singapore, Wholesaler)
- Top 5 Companies by Profit – DBS (Singapore, Financials), Trafigura Group (Singapore, Energy), OCBC (Singapore, Financials), Pertamina (Indonesia, Energy), UOB (Singapore, Financials)
- Top 50 Southeast Asia Companies Revenue – $1 trillion revenue ($71 billion profit)
- Top 50 Southeast Asia Companies Profit – $90 billion profit ($877 billion revenue)
2) Top 50 Southeast Asia Companies with Net Losses (3 Companies):
- Indorama Ventures (Thailand, Chemicals): -$310 million losses
- Charoen Pokphand Foods (Thailand, Food & Beverages): -$149 million losses
- IRPC (Thailand, Energy): -$84 million losses
3) Top Companies in Country by Revenue:
- Singapore – Trafigura Group (Energy) with $244 billion
- Thailand – PTT (Energy) with $90 billion
- Indonesia – Pertamina (Energy) with $75 billion
- Philippines – San Miguel (Industrials) with $26 billion
- Malaysia – Maybank (Financials) with $14 billion
- Vietnam – Petrolimex (Energy) with $11 billion
- Cambodia – ACLEDA Bank (Financials) with $826 million
4) Top Companies in Country by Profit:
- Singapore – DBS (Financials) with $7.4 billion
- Indonesia – Pertamina (Indonesia, Energy) with $4.4 billion
- Thailand – PTT (Thailand, Energy) with $3.2 billion
- Malaysia – Maybank (Financials) – $2 billion
- Philippines – SM Investments (Industrials) – $1.3 billion
- Vietnam – BIDV – (Financials) – $902 million
- Cambodia – NagaCorp (Cambodia, Hotels, Restaurants & Leisure) – $177 million
5) Top 50 Southeast Asia Companies by Revenue (Country, Sector):
- Trafigura Group (Singapore, Energy) – $244 billion
- PTT (Thailand, Energy) – $90 billion
- Pertamina (Indonesia, Energy) – $75 billion
- Wilmar (Singapore, Food & Resources) – $67 billion
- Olam (Singapore, Wholesaler) – $35 billion
- Perusahaan Listrik Negara (Indonesia, Energy) – $32 billion
- CP All (Thailand, Retailing) – $26 billion
- Flex (Singapore, Technology) – $26 billion
- San Miguel (Philippines, Industrials) – $26 billion
- DBS (Singapore, Financials) – $25 billion
- UOB (Singapore, Financials) – $19 billion
- OCBC (Singapore, Financials) – $18 billion
- Charoen Pokphand Foods (Thailand, Food & Beverages) – $17 billion
- Indorama Ventures (Thailand, Chemicals) – $15 billion
- Bank Rakyat Indonesia (Indonesia, Financials) – $14 billion
- Siam Cement (Thailand, Materials) – $14 billion
- Maybank (Malaysia, Financials) – $14 billion
- Singapore Airlines (Singapore, Transportation) – $14 billion
- CP Axtra (Thailand, Wholesaler) – $14 billion
- Sea (Singapore, Technology) – $13 billion
- Tenaga Nasional (Malaysia, Energy) – $11 billion
- Bank Mandiri (Indonesia, Financials) – $11 billion
- Petrolimex (Vietnam, Energy) – $11 billion
- Bangchak (Thailand, Energy) – $11 billion
- Sime Darby (Malaysia, Industrials) – $10 billion
- Singtel (Singapore, Telecommunications) – $10 billion
- SM Investments (Philippines, Industrials) – $10 billion
- Telkom Indonesia (Indonesia, Telecommunications) – $9.8 billion
- Golden Agri-Resources (Singapore, Food & Resources) – $9.7 billion
- IRPC (Thailand, Energy) – $9.1 billion
- Kasikornbank (Thailand, Financials) – $8.6 billion
- Petronas Dagangan (Malaysia, Energy) – $8.2 billion
- Thai Beverage (Thailand, Food & Beverages) – $8 billion
- Manila Electric (Philippines, Energy) – $7.9 billion
- Gudang Garam (Indonesia, Tobacco) – $7.8 billion
- CIMB Group (Malaysia, Financials) – $7.6 billion
- Agribank (Vietnam, Financials) – $7.5 billion
- ST Engineering (Singapore, Aerospace & Defense) – $7.5 billion
- BIDV (Vietnam, Financials) – $7.5 billion
- Bank Central Asia (Indonesia, Financials) – $7.3 billion
- Indofood Sukses Makmur (Indonesia, Food & Beverages) – $7.3 billion
- Central Retail (Thailand, Retailing) – $7.1 billion
- MIND ID (Indonesia, Materials) – $7 billion
- Sumber Alfaria Trijaya (Indonesia, Retailing) – $7 billion
- Vingroup (Vietnam, Business Services) – $6.7 billion
- Bangkok Bank (Thailand, Financials) – $6.6 billion
- YTL (Malaysia, Industrials) – $6.5 billion
- VietinBank (Vietnam, Financials) – $6.5 billion
- Adaro Energy Indonesia (Indonesia, Energy) – $6.5 billion
- SCB X (Thailand, Financials) – $6.3 billion
6) Top 50 Southeast Asia Companies by Profit (Country, Sector):
- DBS (Singapore, Financials) – $7.4 billion
- Trafigura Group (Singapore , Energy) – $7.3 billion
- OCBC (Singapore, Financials) – $5.2 billion
- Pertamina (Indonesia, Energy) – $4.4 billion
- UOB (Singapore, Financials) – $4.2 billion
- Bank Rakyat Indonesia (Indonesia, Financials) – $3.9 billion
- Bank Mandiri (Indonesia, Financials) – $3.6 billion
- PTT (Thailand, Energy) – $3.2 billion
- Bank Central Asia (Indonesia, Financials) – $3.1 billion
- Keppel (Singapore, Industrials) – $3 billion
- Maybank (Malaysia, Financials) – $2 billion
- Singapore Airlines (Singapore, Transportation) – $1.9 billion
- Adaro Energy Indonesia (Indonesia, Energy) – $1.6 billion
- Singtel (Singapore, Telecommunications) – $1.6 billion
- Telkom Indonesia (Indonesia, Telecommunications) – $1.6 billion
- MIND ID (Indonesia, Materials) – $1.5 billion
- CIMB Group (Malaysia, Financials) – $1.5 billion
- Wilmar (Singapore, Food & Resources) – $1.5 billion
- Public Bank (Malaysia, Financials) – $1.4 billion
- Perusahaan Listrik Negara (Indonesia, Energy ) – $1.4 billion
- SM Investments (Philippines, Industrials) – $1.3 billion
- Bank Negara Indonesia (Indonesia, Financials) – $1.3 billion
- BDO Unibank (Philippines, Financials) – $1.3 billion
- SCB X (Thailand, Financials) – $1.2 billion
- Bayan Resources (Indonesia, Materials) – $1.2 billion
- Kasikornbank (Thailand, Financials) – $1.2 billion
- Bangkok Bank (Thailand, Financials) – $1.1 billion
- PSA International (Singapore, Transportation) – $1 billion
- Krungthai Bank (Thailand, Financials) – $1 billion
- Flex (Singapore, Technology) – $1 billion
- BPI (Philippines, Financials) – $929 million
- BIDV – (Vietnam, Financials ) – $902 million
- Military Bank (Vietnam, Financials) – $868 million
- Agribank (Vietnam, Financials) – $862 million
- Mapletree Investments (Singapore, Financials) – $851 million
- Advanced Info Service (Thailand, Telecommunications) – $836 million
- VietinBank (Vietnam, Financials) – $835 million
- Thai Airways International (Thailand, Transportation) – $807 million
- Hafnia – (Singapore, Transportation) – $793 million
- Thai Beverage (Thailand, Food & Beverages) – $784 million
- BOC Aviation (Singapore, Transportation) – $763 million
- Metropolitan Bank & Trust (Philippines, Financials) – $759 million
- Techcombank (Vietnam, Financials) – $755 million
- Singapore Power (Singapore, Energy) – $751 million
- Siam Cement (Thailand, Materials) – $745 million
- Sembcorp Industries (Singapore, Engineering & Construction) – $701 million
- Ayala – (Philippines, Industrials) – $684 million
- Manila Electric (Philippines, Energy) – $684 million
- Asia Commercial Bank (Vietnam, Financials) – $673 million
- IHH Healthcare (Malaysia, Health Care) – $647 million
The Fortune Southeast Asia 500 debuts right as global business is starting to pay closer attention to the region. Southeast Asian economies are benefiting from supply chain diversification as rapid domestic development builds the next wave of global middle-class consumers. Our new ranking reflects the rise and fall of energy markets, multinational supply chains, and tourism in some of the world’s most dynamic economies.
Methodology – Companies are ranked by total revenues for their latest available respective fiscal years ended on, or before, Dec. 31, 2023, unless otherwise noted. All companies on the list must publish financial data and report part, or all, of their figures to a government agency. Figures are as reported, and comparisons are with the prior year’s figures for that year. Revenue and profit figures for companies reporting in their local currency have been converted to U.S. dollars at the average exchange rate during each company’s fiscal year (ended Dec. 31, 2023, unless otherwise noted).
Revenues – Revenue figures include consolidated subsidiaries and reported revenues from discontinued operations. For banks, revenue is the sum of gross interest income and non-interest income. For insurance companies, revenue includes premium and annuity income, investment income, realized capital gains or losses, and other income, but excludes deposits.
Profits – Profits are shown after taxes, extraordinary credits or charges and the cumulative effects of accounting changes, but before preferred dividends. Profits from non-controlling (minority) interests are not included. For REITs and Trusts, amounts available for distribution to unitholders are shown as profits. Figures in parentheses indicate a loss. Profit declines of more than 100% reflect swings from 2022 profits to 2023 losses.
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
