Panelmatic Solutions Public Company Limited, or PANEL, is pushing forward with a new growth phase built on a new factory and machinery that expand production capacity by 2 to 4 times, extending its furniture line to target the Interior, Care and Luxury markets under the Jump+ project, a three-year business plan running from 2026 to 2028. The new factory sits on roughly 6 rai of land, with investment of about 140 million baht for the plant and new machinery, funded by proceeds raised through its IPO. The company targets revenue of no less than 300 million baht in 2027 and no less than 400 million baht in 2028. It also aims to lift its gross profit margin from the current level of about 34% to 36% in 2027, and has set a net profit margin target of roughly 11% to 12% for 2027 before rising to 15% in 2028. First-half results slowed in line with the overall industry, but the company has never posted a loss and holds a backlog for partition wall work at Impact Challenger Hall with a contract value of more than 20 million baht, about 90% of which is expected to be recognised as revenue in 2026. It is also in the process of bidding for work in the Data Center and AI Data Center segments. On branch expansion, the strategy aims to address the weakness of concentration in the central region, in order to reach local contractors and generate higher margins.
PANELESMATIC SOLUTIONS PUBLIC COMPANY LIMITEDPANEL unveils Jump+ three-year plan with a new 140M-baht factory funded by IPO proceeds, targeting revenue of 300M baht in 2027 and 400M in 2028 plus margin expansion.
