Interroyal Engineering Public Company Limited, or IROYAL, reported first-half 2026 net profit of 65.91 million baht, growth of more than 34%, and expressed confidence that full-year results will meet targets by keeping gross margin above 40% through quality project selection and efficient cost management. The company positions itself as a hybrid stock combining growth and dividends, paying dividends regularly based on operating results, cash flow, and investment plans. It currently has a backlog of about 620 million baht, with about 40%, or roughly 248 million baht, expected to be recognized as revenue in the second half of 2026, and is preparing to bid for work worth more than 2.5 billion baht from now until the end of 2027, with an expected win rate of 50 to 60%. For its three-to-five-year strategy, the company will use its existing business as a cash cow to generate cash flow for expanding new S-curve businesses in oil and gas, intelligent solutions and advanced defense technology, and environmental solutions, while investing in research and development to turn engineering and system integration expertise into value-added solutions. At the same time, it is considering mergers and acquisitions with certain investment groups, focusing on businesses with recurring revenue and steady cash flow to increase the proportion of recurring income and improve earnings quality.
IROYAL_INTERROYAL ENGINEERINGFirst-half profit surged 34% and backlog of 620 million baht with plans to bid for 2.5 billion baht of work, indicating strong demand for its engineering services.
