Samart Group reported a 260 per cent increase in net profit to Bt480 million in 2025, compared with Bt133 million a year earlier, reflecting improved operating leverage across its core businesses and tighter cost discipline.

Fourth-quarter profit rose to Bt177 million, supporting full-year revenue growth of about 8 per cent to Bt10.957 billion.

Mr. Watchai Vilailuck, Executive Vice Chairman of Corporate Strategy and New Business Development at Samart Corporation, said the group’s performance remained robust, particularly in the fourth quarter when total revenue reached Bt3.118 billion and net profit stood at Bt177 million.

All business units delivered steady growth, driving full-year core revenue from sales, contract work and services to Bt10.816 billion, also up about 8 per cent from a year earlier.

The group’s backlog expanded 18 per cent to Bt15.686 billion, strengthening earnings visibility and providing a solid foundation for revenue recognition in 2026 and beyond.

Mr. Watchai said that the performance reflected broad-based recovery across all business units and enhanced operational efficiency.

Business Segment Performance

Digital ICT Solutions Business Group:

In the Digital ICT Solutions segment, led by Samart Telcoms Public Company Limited (SAMTEL), revenue recognition from large-scale projects accelerated, lifting fourth-quarter revenue to Bt1.862 billion – its highest level in five years -supported by continued contract wins, particularly from government agencies and state enterprises.

For 2025, SAMTEL recorded revenue of Bt5.44 billion, up 28 per cent from the previous year. Net profit stood at Bt100 million after legal provisions of Bt105 million. Excluding this one-off item, adjusted net profit would have reached Bt205 million, representing growth of approximately 78 per cent.

Backlog expanded 54 per cent to Bt6.694 billion from Bt4.361 billion, enhancing medium-term revenue visibility. The company plans to bid for additional multi-billion-baht projects in the first quarter of 2026.

Utilities and Transportations Business Group:

The Utilities and Transportations unit, led by Samart Aviation Solutions Public Company Limited (SAV), generated revenue from sales, contract work and services totaling Bt4.972 billion. Growth was driven primarily by its air traffic management operations in Cambodian airspace, in line with the continued recovery of the regional aviation industry.

In the fourth quarter, the unit recorded revenue of Bt506 million and net profit of Bt146 million.

For the full year 2025, the air traffic management business handled 123,659 flights, an increase of 19,772 flights, or 19 per cent, from the previous year. Overflight volumes across Cambodian airspace – particularly routes linking Vietnam, Thailand, the Philippines, Malaysia and China – rose 23 per cent, while international arrivals and departures increased by about 12 per cent.

For 2025, SAV reported total revenue of Bt2.075 billion, up about 18 per cent, with net profit rising 18 per cent to Bt546 million, demonstrating stable margin performance. The company plans to bid for projects worth more than Bt2.3 billion in the first quarter.

SAV also raised its annual dividend to Bt0.90 per share for 2025 from Bt0.80 per share a year earlier. An interim dividend of Bt0.40 per share was paid in September 2025, with a further Bt0.50 per share to be distributed, reflecting its strong financial position and cash flow generation.

Digital Communications Business Group:

The Digital Communications unit, led by Samart Digital Public Company Limited (SDC), showed a marked turnaround, particularly in the fourth quarter when it posted a net profit of Bt11 million.

Although full-year revenue declined to Bt543 million, net profit rose significantly from Bt5 million to Bt62 million – representing growth of 1,122 per cent – driven by operational restructuring and cost optimization.

Strengthening Shareholder Returns

2025 marked the first year that Samart Group initiated dividend payments, distributing Bt0.10 per share in September and planning an additional Bt0.14 per share for the year-end period.

SAV increased its annual dividend to Bt0.90 per share from Bt0.80 previously, reflecting strong cash flow generation. The dividend will be paid in May.

The group is also continuing its share buyback program through June, reinforcing its commitment to capital discipline and shareholder value.

Mr. Watchai said the 2025 results not only demonstrate strong numerical growth but also reinforce Samart Group’s position as a technology-driven organization with proven project execution capabilities, specialized expertise and disciplined financial management.

Building on this solid foundation, the group is targeting 70-80 per cent net profit growth from the prior year. This reflects its confidence in the outlook across all business segments.

“We will continue to expand our project portfolio and advance new initiatives to further strengthen our fundamentals and ensure a sustainable return to long-term growth,” he said.