Information and Communication Networks Public Company Limited

Information and Communication Networks Public Company Limited (ICN) has announced that the company has signed two contracts with the Provincial Electricity Authority (PEA) totaling 102.88 million baht. The first contract is for the procurement and installation of an integrated radio communication system in the central region, with a total project value of 147,349,700.00 baht. The company's share of the project is 50.72%, equivalent to 74,735,767.84 baht, with a completion period of 240 days. The second contract is for the purchase and installation of communication equipment for the Teleprotection system in PEA District 3 (central region), with a total project value of 28,141,000.00 baht and a completion period of 300 days. Revenue from both projects will be recognized gradually within one year.

ICN expects continued growth in the second half of 2026, with a backlog of approximately 1.91 billion baht awaiting revenue recognition, plus new contracts pending signature and bids already submitted worth 300 to 400 million baht. Chief Executive Officer Thammawat Uchuphaiboonwong said the company has work awaiting contract signing with the Provincial Electricity Authority, covering radio communication systems, power supply systems, and installation work. It is also pursuing the USO project, where it expects work valued at 400 to 500 million baht. If secured, this would help drive 2026 results to a new record high, after first-half revenue reached 2.12881 billion baht, up 271.49 percent, and net profit came to 123.76 million baht, up 112.83 percent from the same period last year.