DEMCO swings to 519% profit jump, 2.7bn baht backlog, JUMP+ growth plan
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.