Samart Corporation Public Company Limited, or SAMART, has set a 2026 profit target of about 700 million baht, up from 480 million baht achieved in 2025. In the first half of this year, the company already posted a profit of about 280 million baht and expects full-year revenue of about 13 billion baht. Mr. Wattachai Wilailak, Executive Vice President for Corporate Strategy, said the company is studying expansion into EV-related businesses to increase recurring revenue from the current average of about 6 billion baht per year, with clarity expected by September 2026. The group currently has a total backlog of 14.889 billion baht, comprising about 7.997 billion baht in the Digital ICT Solutions business under Samart Telcoms Public Company Limited, or SAMTEL, about 6.738 billion baht in the Utilities and Transportation group, and the remainder in other areas. It expects to recognize about 3 billion baht of revenue this year and to continue recognizing revenue over at least the next three years. The company plans to bid for new communications and power system projects worth more than 10 billion baht in total and aims to increase its backlog to about 20 billion baht by the end of this year. It is also moving forward with new growth engines in AI Government, Green Energy, Enterprise Business, and Future Technology such as humanoid robotics and automation, as well as the SAMART NEW GEN approach to develop new-generation leaders to support long-term business expansion.
Samart Corporation Public Company LimitedCompany targets higher profit, plans EV expansion, and bids for large projects, indicating growth in demand for its services.
