IROYAL_INTERROYAL ENGINEERING

Interroyal Engineering Public Company Limited, or IROYAL, reported first-half 2026 net profit of 65.91 million baht, growth of more than 34%, and expressed confidence that full-year results will meet targets by keeping gross margin above 40% through quality project selection and efficient cost management. The company positions itself as a hybrid stock combining growth and dividends, paying dividends regularly based on operating results, cash flow, and investment plans. It currently has a backlog of about 620 million baht, with about 40%, or roughly 248 million baht, expected to be recognized as revenue in the second half of 2026, and is preparing to bid for work worth more than 2.5 billion baht from now until the end of 2027, with an expected win rate of 50 to 60%. For its three-to-five-year strategy, the company will use its existing business as a cash cow to generate cash flow for expanding new S-curve businesses in oil and gas, intelligent solutions and advanced defense technology, and environmental solutions, while investing in research and development to turn engineering and system integration expertise into value-added solutions. At the same time, it is considering mergers and acquisitions with certain investment groups, focusing on businesses with recurring revenue and steady cash flow to increase the proportion of recurring income and improve earnings quality.

IROYAL reported first-half results with total revenue of 232.73 million baht, up 32%, and net profit of 65.91 million baht, up 34% from the same period last year. As of 30 June 2026, the company had a backlog of more than 620 million baht, and projects ready for bidding in 2026 to 2027 worth more than 2.5 billion baht in total. The board approved an interim dividend of 0.1304 baht per share, with the ex-dividend date set for 25 August 2026 and payment on 9 September 2026. Growth came from expanding the business base and customer coverage across four core business groups: energy, communications, smart solutions and advanced defence technology, support for the petroleum and natural gas business, and support for environmental management and new forms of future energy.

Three Thai listed companies reported strong second-half results. WINMED posted second-quarter 2026 profit of 6.40 million baht, up 237%, with total revenue of 209.22 million baht, driven by growth in blood recruitment products and services and cell and molecular technology products. Management said the second-half outlook is bright after its Pathogen Inactivation innovation was well received by public and private hospitals, and it is moving ahead with launching Thailand's first mobile platelet donation bus. IROYAL reported first-half 2026 total revenue of 232.73 million baht and net profit of 65.91 million baht, up 34%, with a backlog of 620 million baht and projects ready for bidding in 2026 to 2027 worth more than 2.5 billion baht. The board approved an interim dividend of 0.1304 baht per share. SCAP posted record profit in the second quarter of 2026, with total revenue of 1.45555 billion baht and net profit of 477.35 million baht, up 155.05% from the same period last year, driven by motorcycle hire-purchase lending and mobile phone hire-purchase lending through the Locked Phone system, along with effective control of debt quality and expenses.