Civil Engineering PCL

Civil Engineering Public Company Limited (CIVIL) has announced its first-half results for the year 2569 (2026), with total revenue of 2.455 billion baht. The company plans to bid for new projects worth 4 billion baht in the second half, and has a backlog of 13.6 billion baht, which is expected to be recognized as revenue continuously. Mr. Piyadit Assawasirisuk, Chief Executive Officer, and Mr. Wasu Rotjanasapsakul, Chief Financial Officer, provided this information at the listed company's investor meeting, Earnings Call or Opportunity Day, organized by the Stock Exchange of Thailand.

Civil Engineering Public Company Limited, or CIVIL, plans to bid for new projects worth about 4 billion baht to support its 2026 new-work target of 8 billion baht. It currently has a backlog of more than 40 projects worth 13.6 billion baht as of 30 June 2026, supporting revenue recognition for at least three more years. Chief Executive Officer Piyadit Asawasirisuk said the company will use its CIVIL FAST strategy to select high-potential projects, control costs and manage delivery, while bidding for government and private-sector projects such as the phase-two double-track railway, the phase-two high-speed rail section from Khon Kaen to Nong Khai, Chumphon and Nakhon Si Thammarat airport expansions, the Don Mueang Tollway extension from Rangsit to Bang Pa-in, the U-Tapao airport link road, and PPP projects. For the first half of 2026, the company reported total revenue of 2.455 billion baht, up 9 percent from the same period last year, but a net loss of 51 million baht. The revenue increase came from the construction-materials distribution business, especially precast concrete components, which rose 205 percent.

Prime Minister Anutin Charnvirakul has assigned policy to review the Land Bridge project approach while accelerating the filling of gaps in the transport network that remain unconnected. A spokesperson for the Prime Minister's Office stated that countries which connect their networks for immediate use will capture trade and investment amid risks from Middle East conflicts. The heart of the strategy is to complete the North-South Economic Corridor, linking China, Laos, Thailand, Malaysia, and Singapore, especially the Chiang Khong–Nateuy–Mohan railway project. Meanwhile, the CEO of CIVIL assessed that the second half of 2026 will be brighter than the first half, with nine projects worth over 4.1 billion baht ready for delivery and a backlog as high as 14.6 billion baht, supporting revenue recognition through 2029, while proceeding to bid for new work worth approximately 4 billion baht. On the banking front, KTB reported second-quarter 2026 net profit growth of 9 percent to 12.125 billion baht, with first-half profit rising to 24.562 billion baht, but the president noted the economy remains K-shaped, with many people still stuck on the side of weak purchasing power and high living costs. As for SCGD, it is moving to upgrade products from sanitary ware to smart sanitary ware through its subsidiary SSW, signing a joint venture with Axent Switzerland AG at a ratio of 51 to 49, establishing a joint venture company with registered capital of 80 million baht, targeting commercial production by April 2027. Meanwhile, OR is cutting unnecessary limbs, with the board approving the dissolution of two indirect subsidiaries in Laos and Vietnam, held through PTTOR International Holdings Singapore, expected to complete deregistration within 2027.

Civil Engineering, or CIVIL, revealed that its business outlook for the second half of 2026 is trending better. The company plans to deliver nine projects worth over 4.1 billion baht and is preparing to bid for new projects worth approximately 4 billion baht, especially government projects under the 2027 fiscal budget. Currently, the company has a backlog of 14.6 billion baht, supporting revenue recognition through 2029. Meanwhile, non-construction businesses account for about 16% of total revenue and are expected to continue expanding. The company is also studying expansion into water management and industrial works, while focusing on cost management and adopting digital technology and AI to enhance efficiency.