Samart Group ready to bid on ten billion baht of work, spotlighting AI and clean energy

HoonSmart··THVN·Read original
2▲2 ▼0Impact / 5
Summary · why it matters

Samart Group has announced its business push for the second half of the year, preparing to bid on projects worth more than 10 billion baht in total, with the aim of lifting its backlog to 20 billion baht by year-end. It is also promoting future businesses such as Private AI, Cyber Security, Data Center and EV Charger as new growth engines. Mr. Wattachai Wilailak, Executive Vice President of Corporate at Samart Corporation, said second-quarter results for 2026 showed revenue of 2.838 billion baht and net profit of 141 million baht, allowing the company to deliver net profit for eight consecutive quarters. For the first six months, total revenue was about 5.6 billion baht, up 7.2 percent from a year earlier, while net profit was 280 million baht, up nearly 30 percent from 215 million baht a year earlier. The company is targeting revenue of 13 billion baht this year and aims to double both revenue and profit next year. In the second half, it expects to benefit from the formation of the government and accelerated budget disbursement, which should revive public-sector work, especially auctions from September to December worth about 7.5 billion baht for Samart, with projects including subsidiaries exceeding 10 billion baht. The aviation business SAV has clearly recovered since July, with overflight revenue accounting for about 70 percent of aviation revenue, and the Vietnam market representing nearly 40 percent of all overflight flights, growing about 24 percent from a year earlier. Meanwhile, SDC, which has a contract with the Ministry of Interior and is the source of more than 80 percent of SDC's revenue, will see that contract end in November, with clarity on renewal or a new auction expected in December. The company is also preparing to partner with a Chinese ally to install EV chargers, with an official cooperation announcement planned for early next month, and is moving to expand its customer base to the Ministry of Public Health, as well as taking on construction of electrical substations for data center projects through the Provincial Electricity Authority.

Impact on assets 3

Energy Transition & Power Demand▲
Industrials▲
Energy▲