ThailandElectrification & Mobility▲
ITTHI Backlog 535 Million Baht, Accelerates Expansion of 20 EV Charging Stations
ITTHI reveals a backlog of 535 million baht, and is accelerating its performance in the second half of the year and expanding its "Gridex" EV charging stations to 20 locations. In the first half, total revenue was 290 million baht, comprising 79.6% from government work, 19.65% from real estate, and initial revenue recognition from solar rooftops and EV charging stations. The backlog is divided into 300 million baht from government work, 200 million baht from real estate, 30 million baht from EV charging stations, and 5 million baht from solar rooftops. The company targets a net profit of 200 million baht by 2028 under the JUMP+ plan, and is preparing to sign contracts for commercial electric trucks and electric garbage trucks in the fourth quarter.