Demco Public Company Limited, together with its subsidiaries, provides electric system construction and services in electric engineering and telecommunication in Thailand. It operates through six segments: Sales, Electricity from Solar Power, Electrical Work Services, Engagement Work Services, Other Services, and Sales and Providing Service to Biomass Power Plant. The company also manufactures and trades steel structures and towers, telecommunication and electrical equipment, and invests in renewable energy projects including wind, solar farm, and solar roof. Incorporated in 1992, it is headquartered in Pathum Thani, Thailand.
Why is Demco Public Company Limited (DEMCO.BK) moving?
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DEMCO swings to 519% profit jump, 2.7bn baht backlog, JUMP+ growth plan
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First-half profit turns around sharply DEMCO posted a first-half 2026 net profit of 30.2 million baht, up 519% from a 7.2 million baht loss a year earlier, on revenue of 974.5 million baht. The swing came from cutting total costs and admin expenses by about 11%, so the core business is now making money instead of losing it.
The profit turnaround is the main new financial fact that changes how investors value DEMCO.
2.7 billion baht backlog gives revenue visibility DEMCO holds a backlog of 2,699 million baht of signed work, to be booked as revenue through 2028. That is roughly three times last year's annual revenue, so future sales are largely already contracted rather than depending on new orders. Most work is EPC electrical projects, plus transmission lines, substations and renewable energy.
A large contracted backlog is the clearest reason future earnings are more predictable, which supports the share price.
JUMP+ plan targets 200 million baht profit by 2028 Management laid out the JUMP+ strategy: grow revenue (Growth+), cut costs (Lean+), and find new opportunities (Opportunity+), aiming for 200 million baht net profit by 2028. That is far above the current 30 million baht half-year profit, so it is an ambition, not a promise, and depends on winning new bids.
The JUMP+ target is the new forward-looking plan that shapes expectations beyond the current backlog.
Pitching energy solutions to industrial customers DEMCO showcased electrical engineering, power transmission, renewable energy and infrastructure solutions at a PEA seminar for industrial electricity users, drawing strong interest and discussing projects with entrepreneurs. This is early-stage marketing that could feed future orders, but no contracts or revenue have been announced yet.
It shows DEMCO actively hunting new demand, the source of future backlog beyond what is already signed.
DEMCO advances JUMP+, backlog solid at 2,699 million baht
DEMCO Public Company Limited (DEMCO) reported operating results for the first six months of fiscal year 2026, with a net profit of 30.2 million baht, an increase of 519.4% from the same period last year, driven by efficient cost and expense management. Currently, the company has a backlog of 2,699 million baht awaiting revenue recognition and continues to participate in new bids for turnkey electrical construction projects (EPC). It also provided an update on the JUMP+ project, which targets a net profit of 200 million baht by 2028, through three main strategies: increasing revenue via Growth+, reducing expenses via Lean+, and creating opportunities via Opportunity+, alongside risk management and ESG-aligned business operations for long-term sustainability.
GULF to Offer Four Tranches of Bonds with Tenors of 4-10 Years, Rated AA-
GULF is preparing to offer four tranches of bonds and digital bonds with tenors of 4-10 years. The corporate and bond ratings are AA- with a Stable outlook from Tris Rating, reflecting the strength of its energy and infrastructure businesses. The subscription is expected to open this October through eight leading financial institutions and the Paotang application. Meanwhile, PTG received the Outstanding Ethics Award from the Thai Chamber of Commerce for the 24th time in 2026, and DEMCO reported a net profit of 30.2 million baht in the first six months, an increase of 519.4%, with a backlog of 2,699 million baht and a target net profit of 200 million baht by 2028 from the JUMP+ project.
TFG, SSP, DEMCO reveal growth outlook for second half of 2026
Three listed companies have disclosed continued growth prospects for the second half of 2026. TFG expects pig and chicken prices to have passed their lowest point, and its Thai Foods Fresh Market retail business has 748 branches, accelerating expansion to 875 branches by year-end, while investing in feed mills and farms in Vietnam. SSP posted first-half net profit of 325.1 million baht and electricity sales revenue of 1.5721 billion baht, and is preparing to sell power from two community waste-to-energy plants by year-end, with production capacity expected to more than double by 2028. DEMCO reported first-half net profit of 30.2 million baht, up 519.4 percent from the same period last year, with a backlog of 2.699 billion baht to be gradually recognised as revenue through 2028.
DEMCO.BK · Capital · Positive First-half net profit up 519.4% with backlog of 2.699 billion baht to be recognized through 2028.
SSP.BK · Capital · Positive First-half net profit of 325.1 million baht and electricity sales revenue of 1.5721 billion baht; new waste-to-energy plants to boost capacity.
TFG.BK · Demand · Positive Expects pig and chicken prices to have bottomed; expanding retail branches and investing in Vietnam feed mills and farms.
DEMCO swings to first-half profit of 30 million baht, holds 2.7 billion baht backlog
Demco Public Company Limited, or DEMCO, reported net profit of 30.2 million baht for the first six months of 2026, swinging from a net loss of 7.2 million baht in the same period last year, an improvement of 37.4 million baht. Total revenue was 974.5 million baht after the company moved forward with efficient cost and expense management. Chief Executive Officer Nattapong Korom said the key factor supporting the better first-half performance was total cost management, along with selling and administrative expenses that fell 11.2 percent compared with the same period last year, reflecting the company's efficiency in controlling costs and expenses. DEMCO continues to invest in and develop energy projects, especially renewable energy, and provides electrical system installation and maintenance services to generate recurring income, with key customers including government agencies and large private companies. Main revenue still comes from turnkey engineering, procurement and construction, or EPC, which is recognised according to work progress. The company currently has a backlog of 2,699 million baht, which will be gradually recognised as revenue through 2028. Nattapong said the electrical engineering and construction industry still has growth opportunities from infrastructure and energy investment by both the public and private sectors, especially power system and renewable energy projects, which are important opportunities for the company to expand its work base in the future. DEMCO is also moving forward to build on opportunities from the country's infrastructure investment and the energy transition trend, focusing on transmission lines, substations, renewable energy and modern energy technology, as well as seeking investment opportunities in new businesses to add revenue channels and diversify its revenue base to support long-term growth.
DEMCO showcases energy solutions at industrial electricity user seminar
Demco Public Company Limited, or DEMCO, participated in an exhibition booth at the 2026 Industrial Business Electricity User Seminar, organized by the Provincial Electricity Authority, or PEA, at the Novotel Bangkok Future Park Rangsit in Pathum Thani Province. At the event, DEMCO presented solutions in electrical engineering, power transmission and distribution systems, renewable energy, and infrastructure, while also discussing project development approaches with entrepreneurs to enhance power system efficiency and strengthen energy security, drawing significant interest from attendees.
DEMCO.BK · Demand · Positive DEMCO showcased its solutions and discussed project development with entrepreneurs, generating significant interest, which may lead to new orders.
Thailand