The group sets sights on full-year 2025 revenue of Bt13 billion, fueled by bids in projects worth nearly Bt40 billion.

Samart Group reported robust second-quarter 2025 results, with consolidated revenue of Bt2.401 billion and net profit of Bt160 million. These results contributed to first-half 2025 revenue of Bt5.298 billion and net profit of Bt215 million, marking a 267 per cent year-on-year increase.

Mr. Watchai Vilailuck, Executive Vice Chairman of Corporate Strategy and New Business Development at Samart Corporation Plc., highlighted strong second-quarter performance, with all business segments performing positively. Consolidated revenue for the quarter was up Bt297 million, or 14 per cent year-on-year, while net profit rebounded to Bt160 million, compared to a net loss in the same period last year, representing an improvement of Bt343 million.

The turnaround in profitability was partly due to the prior-year quarter including a Bt283 million provision for long-term liabilities related to a dispute with the Bangkok Asian Games Organizing Committee (BAGOC) and the Sports Authority of Thailand over the 13th Asian Games. The latest results also benefited from accelerated government investment in large-scale domestic projects and Samart’s effective cost management.

Looking ahead, Samart expressed confidence in sustaining this momentum, targeting full-year 2025 revenue of up to Bt13 billion. The outlook is supported by participation in project bids totaling nearly Bt40 billion, driven by strategic expansion and operational efficiency improvements. The company’s current order backlog exceeds Bt15.6 billion, providing revenue visibility through 2029.

Business Segment Performance – Q2 2025:

Digital ICT Solutions Business Group (SAMTEL):
SAMTEL secured contracts with major organizations, including the Industrial Estate Authority of Thailand, the Provincial Electricity Authority, and the Department of Lands. The group reported second-quarter revenue of Bt1.005 billion and net profit of Bt33 million, bringing first-half net profit to Bt86 million, representing a 220 per cent year-on-year increase.

During the first half of 2025, SAMTEL obtained projects totaling over Bt5 billion, building a backlog exceeding Bt8.5 billion. The company plans to participate in additional government and private-sector tenders worth approximately Bt25 billion in the second half of the year, which is expected to further enhance recurring revenue.

Utilities and Transportations Business Group:

The Utilities and Transportation segment reported consolidated revenue of Bt1.262 billion, up Bt13 million, or 1 per cent year-on-year. Samart Aviation Solutions Public Company Limited (SAV), which provides air traffic management services in Cambodia, contributed to this growth with revenue increasing by Bt37 million.

During the quarter, SAV managed 30,292 flights, up 5,614 flights, or 23 per cent, compared to the same period last year, though slightly down 527 flights, or 2 per cent, from the previous quarter due to seasonal variations. Despite the minor seasonal decline, overall air traffic continues to trend upward, supported by expanding tourism in Vietnam and Malaysia. The resumption of operations by China’s Ruili Airlines after several years of suspension is expected to attract more Chinese tourists and investors, boosting air traffic-related service revenues.

In the second half of 2025, the segment is expected to benefit from the opening of the new national airport, “Techo,” with an annual capacity of 13 million passengers. Despite ongoing unrest in the border regions, operations have continued uninterrupted, reflecting the structural importance of aviation services to the country’s air transport system. This resilience is supported by Samart’s specialized expertise and a predominantly local workforce, with approximately 99 per cent of personnel sourced from surrounding communities.

The high-voltage substation construction business under Teda Co., Ltd., continues to demonstrate steady growth. The company reported consolidated revenue of Bt477 million, an increase of Bt45 million, or 10 per cent year-on-year.

Recently, Teda won contracts for high-voltage power transmission lines and substation construction projects totaling over Bt1.8 billion. Additional contributions came from projects aimed at enhancing excise tax collection management, strengthening the segment’s order backlog to Bt6.372 billion.

Digital Communications Business Group (SDC):

SDC reported consolidated revenue exceeding Bt141 million, with net profit of Bt15 million.

Mr. Watchai noted, “Samart’s full-year revenue for 2025 is projected to reach Bt12-13 billion. The company achieved approximately Bt2.897 billion in revenue in the first quarter, followed by Bt2.401 billion in the second quarter. For the remainder of the year, we anticipate sustained growth across all business segments, with additional revenue of Bt6-7 billion expected from the current order backlog. Furthermore, opportunities to obtain new projects are supported by anticipated government policies aimed at stimulating economic growth.”