Samart Group is set for a strong comeback in 2025, with all business units expected to return to profitability. The company projects total revenue of Bt11-Bt11.5 billion this year, supported by a nine-month backlog approaching Bt18 billion.

The group is targeting an additional Bt9 billion in projects for fourth-quarter bidding, with Samtel, SAV, and TEDA positioned as the main growth drivers.

2025: Samart’s Year of Comeback

Mr. Watchai Vilailuck, Executive Vice Chairman of Corporate Strategy and New Business Development at Samart Corporation Plc., said the company’s performance over the first nine months has been strong and encouraging, with all business units showing positive results. Despite economic challenges and delays in some projects due to postponed government budgets following the formation of a new administration, every subsidiary delivered notable performance.

Revenue over the first nine months reached Bt7.7 billion, with a group-wide backlog of around Bt18 billion. Performance across all business lines and subsidiaries reinforces the group’s confidence in achieving a full-year profit turnaround in 2025.

Digital ICT Solutions Business Group (SAMTEL):

The Digital ICT Solutions unit, SAMTEL, secured over Bt5 billion in new contracts during the first nine months, including a major project to supply, develop, install, and maintain the Utility Platform (UTP) system for the Provincial Electricity Authority. Backlog now exceeds Bt8 billion.

Digital Communications Business Group (SDC):

SDC posted a first-half profit of Bt33 million from airtime fees under the Ministry of Interior’s Digital Trunked Radio System. The unit is expected to maintain steady revenue and profit through year-end.

Utilities and Transportations Business Group:

Utilities and Transportations saw strong momentum. Samart Aviation Solutions Public Company Limited (SAV), which provides air traffic management services in Cambodia, increased flight operations by around 20 per cent in the first nine months.

TEDA Co., Ltd., which specializes in end-to-end high-voltage power transmission station projects, has a nine-month backlog exceeding Bt3.8 billion and secured Bt2.4 billion in new contracts, including 230/115kV power stations in Nakhon Si Thammarat, Khanom, Phatthalung, and Chian Yai.

Q4 Outlook: Revenue and Profit Expected to Rise

Nearly Bt9 billion in projects are pending bidding in the fourth quarter, with new contracts expected to flow steadily from government agencies accelerating budget use. Each subsidiary demonstrates strong growth potential:

• Samtel has over Bt4 billion in projects awaiting bidding, with year-end backlog projected at around Bt9 billion.
• SAV has approximately Bt2.3 billion in pending projects, mainly related to aviation radio equipment and FOD systems.
• TEDA has nearly Bt2 billion in projects up for bidding.

The group’s total backlog is expected to surpass Bt20 billion by year-end, with revenue projected at Bt11-11.5 billion.

“2025 will be a landmark year for the Samart Group, as the company is set to achieve a full 100% profit turnaround. Effective cost management and a restructured business have strengthened the subsidiaries, which in turn is driving positive results at the parent company,” Mr. Watchai said.