Samart Corporation Public Company Limited (SAMART) reported a solid financial performance for the first half of 2026, generating a total revenue of 5,681 million baht (up 7% year-on-year) and a net profit of 280 million baht, representing a 30% surge compared to the same period last year. For the second quarter of 2026, consolidated revenue reached 2,838 million baht, climbing 18.2% year-on-year, while net profit stood at 141 million baht, marking the group’s eighth consecutive profitable quarter.
Mr. Watchai Vilailuck, Executive Vice Chairman of Corporate Strategy at Samart Corporation Plc., stated that the first-half operating results reflect the continuous growth of core business units and steady revenue recognition from project deliveries. He noted that the company prioritizes efficient project management and disciplined execution to maintain profitability, while leveraging group capabilities to capture new opportunities and monitoring macroeconomic and geopolitical factors closely to ensure long-term stability.
Business Unit Breakdown and Project Execution
The Digital ICT Solutions segment, operated by Samart Telcoms Plc. (SAMTEL), remained the core driver after securing 2,358 million baht in new contracts during the second quarter. Key project wins included the Enterprise Resource Planning (ERP) system enhancement for Airports of Thailand Public Company Limited worth 1,532 million baht and the electronic cadastral survey system for the Department of Lands, bringing SAMTEL’s total order backlog to 7,997 million baht at the end of the quarter.
The Utilities & Transportation segment maintained a backlog of 6,738 million baht as of June 30, 2026, supported by comprehensive transmission line and substation construction projects under TEDA Company Limited and excise tax efficiency enhancement initiatives. For Samart Aviation Solutions Plc. (SAV), air traffic management operations showed resilient performance despite geopolitical impacts, driven by overflight traffic from Vietnam rising 24% year-on-year. Meanwhile, Samart Digital Plc. (SDC) under the Digital Communications pillar posted quarterly revenue growth from equipment installation under the Ministry of Interior’s (MOI) Digital Trunked Radio System project.
Backlog Expansion and New Growth Engine Strategy
SAMART currently holds a consolidated backlog of 14,889 million baht, up 3% quarter-on-quarter. The group is preparing to bid for upcoming projects valued at over 10,000 million baht across digital ICT, infrastructure, security, and energy management solutions, aiming to elevate its total order book beyond 20,000 million baht by the end of 2026.
To secure sustainable long-term revenue streams, the group is executing its New Growth Engine roadmap focused on:
-
Artificial Intelligence (AI): Developing Private AI and public sector solutions, building on SAMTEL’s domain expertise alongside Cybersecurity, ERP, and Cloud services.
-
Green Energy & EV: Expanding into EV charging system design and management, Battery Energy Storage Systems (BESS), solar rooftops, inverters, and intelligent industrial energy management.
-
Enterprise Business: Broadening ICT, Cloud, and cybersecurity solutions from government agencies into corporate and private sectors.
-
Future Technology: Conducting feasibility studies on Humanoid Robotics and industrial automation systems to capture future market demand.
Alongside business expansion, the group is advancing the SAMART NEW GEN initiative to integrate next-generation leaders across corporate strategy, investor relations, and financial risk functions to maintain operational continuity and navigate evolving industry landscapes.
Tags: SAMART, SAMTEL, SAV, SDC, TEDA, Financial Results 2026, Business Backlog, Artificial Intelligence, Green Energy, Digital Transformation
