SAMART profit jumps 42% in first nine months of 2026

SAMART Group Company (SAMART) continued its growth momentum in the first nine months of 2026, reporting total revenue of 8.547 billion baht, up 9% year-on-year, and net profit of 430 million baht, an increase of 42%. Third-quarter net profit surged 73% to 151 million baht, driven by growth across its core businesses and the progressive delivery of key projects.

The Group Company's total project backlog rose to 15.452 billion baht at the end of the third quarter. Looking ahead, SAMART is preparing to bid for new projects worth more than 10 billion baht, targeting a year-end backlog of over 20 billion baht.

Watchai Vilailuck, Executive Vice Chairman – Corporate Strategy & New Business Development at SAMART Corporation Public Company Limited, said The Group Company's performance in the first nine months reflected its continued growth momentum.

"During the first nine months of 2026, The Group Company recorded total revenue of 8.547 billion baht, up 9% year-on-year, while net profit increased 42% to 430 million baht. In the third quarter alone, revenue reached 2.870 billion baht, representing 13% growth, while net profit rose significantly by 73% to 151 million baht," he said.

The improvement was driven by the progressive delivery and revenue recognition of various projects, alongside effective cost management and operational efficiency. These efforts have helped maintain profitability, ensure disciplined project execution and support sustainable revenue generation over the long term.

Another key indicator of The Group Company's growth was its total backlog, which reached 15.452 billion baht at the end of the third quarter. During the quarter, SAMART secured new project contracts worth more than 2.9 billion baht, providing a solid foundation for future revenue recognition.

The Group Company is also preparing to participate in bidding for new projects worth more than 10 billion baht over the next six months. Opportunities span Digital ICT, telecommunications systems and infrastructure, security systems and energy management solutions. SAMART aims to increase its backlog to more than 20 billion baht by the end of 2026.

A strong backlog, combined with opportunities to secure new projects, is expected to support continued revenue growth and strengthen The Group Company's competitiveness in the technology and infrastructure markets.

Core businesses maintain growth, supported by key projects

Digital ICT Solutions: SAMTEL revenue grows 32% as new projects strengthen revenue base

SAMTEL, the Digital ICT Solutions business under Samart Telcoms Public Company Limited (SAMTEL), recorded third-quarter revenue of 1.634 billion baht, up 32%, with net profit of 70 million baht. Growth was supported by the progressive delivery of large-scale projects and the signing of new contracts.

These included the SAP system improvement project for the Government Lottery Office and a communications network efficiency enhancement project for the Ministry of Interior. As a result, SAMTEL's backlog stood at 7.833 billion baht at the end of the third quarter.

Looking ahead, SAMTEL will continue to focus on Digital Transformation services and enterprise IT systems, building on its expertise in government technology solutions while expanding into new areas such as Artificial Intelligence (AI), Cybersecurity, Enterprise Resource Planning (ERP) and Cloud solutions to address the needs of both public- and private-sector organisations.

Utilities & Transportation: Backlog increases 12%, supported by transmission line projects and aviation growth

The Utilities & Transportation business recorded a backlog of 7.557 billion baht at the end of the third quarter, up 12% from the previous quarter. Growth was supported by the construction of transmission lines and high-voltage substations on a turnkey basis through TEDA Company Limited (TEDA).

TEDA signed new contracts with the Electricity Generating Authority of Thailand (EGAT) and the Provincial Electricity Authority (PEA), with a combined value of 1.330 billion baht. For the first nine months of 2026, TEDA generated total revenue of 1.563 billion baht and net profit of 111 million baht. The excise tax collection efficiency enhancement project also contributed to the business's performance.

Meanwhile, Samart Aviation Solutions Public Company Limited (SAV), which provides air traffic management services, reported third-quarter net profit of 147.7 million baht, up 15%.

Total flight movements reached 32,559, an increase of 12% year-on-year. Overflight traffic recorded particularly strong growth, rising 18%, largely driven by flights from Vietnam. Over the first ten months of 2026, the number of overflights had already exceeded the total recorded for the whole of 2025, reflecting the continued expansion of regional air traffic.

Digital communications: Revenue rises 21%, driven by digital trunked radio system project

Samart Digital Public Company Limited (SDC), operating under the Digital Communications business, recorded third-quarter revenue of 171 million baht, up 21%, with net profit of 20 million baht.

The growth was driven by service revenue recognition and equipment sales under the Ministry of Interior (MOI) command network digital radio communication system procurement project. The project represents a key initiative in providing digital communications systems for government agencies.

Expanding core expertise and exploring new technology-driven growth opportunities

Beyond sustaining growth in its core businesses, SAMART continues to explore and develop new business opportunities to respond to technological changes and evolving market demand under its "New Growth Engine" strategy, which focuses on four key areas:

1. AI Government: Applying AI technology to government solutions to enhance operational efficiency and public service delivery.
2. Green Energy: Developing clean energy solutions and energy management systems.
3. Enterprise Business: Expanding its private-sector customer base through AI, Cybersecurity, ERP and Cloud solutions.
4. Future Technology: Exploring emerging technologies, including Humanoid Robotics and Automation, to assess opportunities for future business development.

Mr Watchai said that The Group Company remained committed to balancing growth in its core businesses with the pursuit of new opportunities.

"We aim to leverage our existing expertise and experience as a foundation for business expansion, while maintaining efficient project management. This approach will strengthen our competitiveness and support sustainable growth over the long term," he added.