AMATA Posts 565% Q2 Net Profit Surge to THB 1.79bn, Driven by Backlog Conversion and Continued FDI Inflows

Announcing its financial results for the first half of 2026, the Amata Group recorded total revenue of THB 8,064 million, representing a 39.86% year-on-year increase.

Net profit for January-June 2026 skyrocketed 167.01% to THB 3,219 million, underscoring resilient demand across its industrial estates.

For the second quarter (Q2) alone, total revenue reached THB 4,068 million, up 71.25% year-on-year, while net profit surged 564.62% to THB 1,795 million.

This robust growth was heavily underpinned by land transfers and property sales revenue totaling THB 2,206 million.

The company continues to advance its Industrial Cities to accommodate rising FDI and next-generation industries, running parallel with its target to achieve carbon neutrality by 2040.

Robust Land Transfers and Profitability

Miss Dendao Kamolmas, Chief Financial Officer of Amata Corporation PCL, revealed that the strong Q2 performance was propelled by land transfers in high-margin phases within Chonburi province, expanding property business and coupled with improved gross profit margins at Amata's industrial estates.

During the second quarter, Amata recorded industrial land ownership transfers totaling 288 rai, valued at THB 2,206 million—a 131.07% increase compared to 172 rai transferred in the same period last year.

Of the total Q2 land transfers, 271 rai were in Thailand and 17 rai in Vietnam.

Furthermore, the gross profit margin from property sales rose by 66.16% year-on-year to stand at 46.87%, on average across the industrial parks in Thailand and Vietnam.

Additionally, the company recognized a profit of THB 366 million from the disposal of its investment in a subsidiary in Vietnam Amata Service City Long Thanh 2 Company Limited (ASCLT2).

Utilities and Rental Growth

Utility services continued to serve as a steady recurring revenue stream, generating THB 1,154 million—an increase of THB 43 million, or 3.87% year-on-year—driven by rising demand for infrastructure services.

Revenue from Ready-Built Factories (RBF) for rent rose by THB 10 million, or 4% year-on-year, to THB 266 million, supported by expanded leased areas.

Financial income from financial institutions stood at THB 27 million, up 9.51% year-on-year, while other income reached THB 48 million, marking a 68.01% increase.

However, share of profit from investments in associates and joint ventures dropped 1.79% year-on-year to THB 236 million.

This was primarily due to lower profit shares from the power plant business and foreign exchange losses, though natural gas sales showed improved profit contributions.

Economic Headwinds and Investment Trends

Mr Yasuo Tsutsui, Chief Executive Officer Industrial Estate Thailand and Acting Chief Marketing Officer, noted that the global economic landscape in Q2 2026 remained pressured by geopolitical tensions and volatile energy prices, which drove up inflation.

The Organisation for Economic Co-operation and Development (OECD) revised its 2026 global economic growth forecast down to 2.8%, bolstered by AI demand in Asia, though prolonged conflict in the Middle East could limit growth to 2.1%.

Domestically, Thailand's Q2 economy slowed due to higher energy costs, a drop in tourist numbers, and softer industrial production in certain sectors.

Nevertheless, goods exports and private sector investment continued to grow in line with the upward cycle of high-tech industries across the AI and digital value chain.

Mr Tsutsui added that the Thai economy warrants close monitoring across five key factors: US trade policies, tourism, cost of living, government stimulus measures, and El Ni?o weather conditions.

Meanwhile, cumulative investment applications reported by the Board of Investment (BOI) in Q2 2026 totalled THB 1,473,718 million, up 37% year-on-year.

The top five sectors by investment value were digital, electronics, agriculture and food processing, logistics, and renewable energy.

Foreign Direct Investment (FDI) applications reached a combined value of THB 1,368,493 million, representing an 80% surge and reflecting sustained investor confidence.

The top five sources of FDI by value were Singapore, the United Kingdom, China, Taiwan, and Japan, respectively.

Sustainable Growth Strategy

Amata remains steadfast in driving its business under its integrated industrial city development strategy, prioritizing resource efficiency, clean energy, and the development of a robust, future-ready business ecosystem that supports new investors, adapts to evolving industry needs, and drives long-term sustainable growth.

The group aims to achieve carbon neutrality by 2040 and cut greenhouse gas emissions per unit of operational area by 30% by 2030.

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