Don Muang Tollway Public Company Limited, along with its subsidiaries, provides elevated toll road services in Thailand. The company constructs and operates an elevated toll road, and offers toll collection, traffic management, rescue, maintenance, and assistance services. It also provides repair, improvement, and reinforcement of infrastructure facilities, as well as digital payment systems, traffic and safety management systems, and asset management solutions. Incorporated in 1988, the company is headquartered in Bangkok, Thailand.
DMT Prepares to Bid for M5-M9 Motorways, Expects Government to Open Tenders in Second Half
Don Mueang Tollway Public Company Limited (DMT) has announced its readiness and is currently preparing to participate in the bidding for the M5 and M9 motorway projects, expecting the government to open tenders (ITB) for both projects simultaneously in the third or fourth quarter of 2026. Meanwhile, the M82 project is still under proposal evaluation, with results expected to be announced within 2026. For the M5 project, it is an extension of the Uttaraphimuk Elevated Tollway (Rangsit–Bang Pa-in section), spanning 22 kilometers, with a construction value of approximately 30.08 billion baht and O&M costs of about 11.955 billion baht. The M9 project is the western outer ring road special highway (Bang Khun Thian–Bang Bua Thong section), spanning 38 kilometers, with a construction value of approximately 51.782 billion baht and O&M costs of about 12.651 billion baht. The company expects traffic volume on the Don Mueang Tollway in the third quarter of 2026 to increase from the second quarter due to the start of the school term and lower fuel prices. Meanwhile, its subsidiary, A Siam Infra, posted a net profit of 3.60 million baht in the first half, while Alpha DM Tech recorded a slight loss of 1.64 million baht.
DMT 6-Month Profit 525 Million Baht, Total Dividend 0.446 Baht per Share
Don Muang Tollway Public Company Limited (DMT) reported operating results for the first six months of 2026, with a net profit of 525.16 million baht and total revenue of 1,287.58 million baht, comprising toll revenue and revenue from related services and product sales. The company's board approved an additional interim dividend payment of 0.223 baht per share, bringing the total interim dividend from the first six months of 2026 to 0.446 baht per share, with payment scheduled for September 10, 2026. This dividend payment reflects DMT's consistent dividend policy and underscores its prominence as a dividend stock that provides good returns to investors. The information was presented through an Earnings Call or OPPDAY activity at the Don Muang Tollway office.
DMT adjusts strategy to drive new business; broker maintains buy with target of 13.10 baht
DMT is moving forward with restructuring its business toward multiple revenue streams after first-half results remained strong despite slowing traffic volumes. The company reported total revenue of 1.28758 billion baht and net profit of 525.16 million baht, while expanding engineering, maintenance, digital payment systems, and traffic systems. Meanwhile, bidding opportunities for the M5, M9, and M82 motorways are a key medium-term upside. Tisco Securities maintains a buy recommendation with a target price of 13.10 baht and expects a dividend yield as high as 7.3% for 2026.
DMT reports Q2 2026 net profit slowdown on lower traffic, maintains 10% revenue growth target
Don Muang Tollway Public Company Limited, or DMT, reported second-quarter 2026 net profit of 238.53 million baht, down 1% from the same period last year and down 17% from the previous quarter. Toll revenue came in at 585.89 million baht, a decline of 6% year-on-year and 13% quarter-on-quarter. Average daily traffic volume fell to 95,571 vehicles, from 110,118 in the prior quarter and 101,404 in the same quarter last year, due to the impact of Middle East conflicts, higher energy prices, consecutive long holidays, and reduced flight frequencies at Don Mueang Airport. The managing director said the company continues to manage costs efficiently and maintains its 2026 revenue growth target of about 10%, while pursuing a strategy to expand into new businesses to reduce reliance on toll revenue alone. In addition, the board approved an interim dividend for the first six months at a total rate of 0.446 baht per share, with the remaining 0.223 baht per share to be paid on 10 September 2026, after the record date on 24 August 2026.
DMT Announces Interim Dividend of 0.223 Baht per Share
DMT has announced an interim dividend payment of 0.223 baht per share, following a board resolution on 10 August 2026. This dividend reflects the company's strong performance, with DMT reporting a net profit of 238 million baht in the second quarter of 2026.
DMT sets up subsidiary Southern Gate Motorway to pursue design, construction and O&M
Don Muang Tollway Public Company Limited, or DMT, has approved the establishment of a new subsidiary named Southern Gate Motorway Company Limited to engage in the design, construction, and operation and maintenance of transport infrastructure. Registration is expected to be completed by August 2026. The new company has a registered capital of 5 million baht, divided into 500,000 ordinary shares with a par value of 10 baht each. DMT holds a 70 percent stake, with other shareholders holding the remaining 30 percent. Funding will come from the company's working capital. The subsidiary's board of directors will consist of six members, four from DMT and two from other shareholders. The investment aims to expand business channels and increase revenue sources. It does not qualify as a connected transaction and is not a significant transaction under the criteria of the Capital Market Supervisory Board.
DMT expected to pay full-year dividend yield of 6.8%, broker sets target at 12.3 baht
Kasikorn Securities expects Don Muang Tollway Public Company Limited, or DMT, to pay a full-year dividend with a yield as high as 6.8%, while maintaining a hold recommendation and a year-end 2026 target price of 12.3 baht. DMT is expected to announce a dividend from second-quarter 2026 earnings of 0.20 baht per share, representing a 100% payout ratio and a dividend yield of 1.6% for that quarter. Normalised profit for the second quarter of 2026 is forecast at 230.5 million baht, down 2.6% from a year earlier and 20.8% from the previous quarter, in line with a 4.3% drop in traffic volume and a 4.7% decline in tourist arrivals compared to a year ago. For the second half of 2026, normalised profit is expected to edge down from the first half, as foreign tourist arrivals are projected to continue slowing. The full-year estimate stands at 31.5 million visitors, with 16.5 million arrivals already recorded in the first half, implying around 15.0 million arrivals in the second half, or roughly 9% below the first half. An additional positive catalyst could come from winning the bid for the M82 motorway operation and maintenance project, which may add about 0.30 baht per share to the stock's value, with the winner expected to be announced in the third quarter of 2026.
DMT pays quarterly dividends — investing 300,000 baht could yield 21,707 baht in dividends for 2026
DMT, or Don Muang Tollway Public Company Limited, is a stock that pays dividends every quarter. If we simulate an investment with a principal of 300,000 baht at a share price of 12.30 baht, based on the closing price on 16 July 2026, you would receive 24,390 shares. According to analysts at TISCO Securities, the dividend forecast for 2026 is 0.89 baht per share, which means total dividends for the year are expected to reach 21,707 baht. This figure is only a forward-looking estimate, and investing carries risk from share price volatility, which could affect the principal.
Thailand