Leo Global Logistics Public Company Limited

Leo Global Logistics (LEO) signals a positive trajectory for the third quarter of 2026, benefiting from the global export season, and anticipates continued growth into the fourth quarter, which is a period of accelerated imports for Christmas and New Year festivities. The company is confident that its performance will remain robust as planned. Mr. Kettivit Sittisuntornwong, Chief Executive Officer, revealed during an earnings call on September 3, 2026, that the company targets an EBITDA growth of 15% per year from 2026 to 2028 under the JUMP+ plan. In the first half of the year, it already achieved 15%, and aims to accumulate growth of no less than 45% by 2028, equivalent to a value of 50-55 million baht compared to the 2025 base year. Non-Freight and Non-Logistics businesses have reached a revenue share of 20%, ahead of the long-term target of 28-30% in 2028. Meanwhile, subsidiary businesses are performing exceptionally, such as LEO Self Storage's Rama 4 branch with a 113% occupancy rate, and the Container Depot business with a 48% increase in volume from the previous quarter and 189% from the previous year. Rail transport business grew 27% in the first half compared to the same period in 2025. The strategy for the second half focuses on expanding trade lanes in India, China, ASEAN, North America, and Europe, developing end-to-end services, particularly in sea freight targeting electronics customers benefiting from AI and data centers, and advancing green business initiatives to foster sustainable growth and good returns for shareholders.

Leo Global Logistics Public Company Limited, or LEO, reported second-quarter net profit for fiscal 2026 grew 548% from the same period last year to 6.0 million baht, with total revenue of 390.6 million baht, up 24% from the previous quarter and 16% from a year earlier, supported by higher transport volumes and stable elevated freight rates. Gross margin stood at 30%, while net profit attributable to majority shareholders was 7.1 million baht and EBITDA for the quarter was 34.1 million baht, up 19% year on year. Non-freight businesses such as self-storage and container depot saw first-half revenue rise 196%, while rail transport generated 192 million baht in the first half, up 27%. The company aims to lift EBITDA by 45% to 50 to 55 million baht by 2028 through its 3x6 Growth Matrix strategy and Jump+ plan.

Leo Global Logistics, or LEO, is set to deploy 50 electric trucks in the second half of 2026 to advance green logistics and respond to the ESG trend. Chief Executive Officer Kettivit Sittisoontornwong said the company is confident that the logistics business will continue to grow despite uncertainties from oil prices and US trade policy, using a fuel surcharge system to manage energy costs. Under the JUMP+ strategic plan, the company is accelerating the utilization rate of new businesses invested in over the past two years, aiming to push the EBITDA margin back to 45% within three years and increase the revenue share from non-freight businesses to 25 to 30 percent of total revenue, in order to reduce reliance on international freight forwarding and build a balanced long-term revenue structure.

LEO indicates that its international freight transport business will continue to grow in the second half of the year, driven by the Christmas and New Year export season. Meanwhile, container freight rates on routes to the United States have surged to ten thousand US dollars per container, boosting demand for freight forwarder services. Chief Executive Officer Kettivit Sittisoontornwong revealed that the company is preparing to launch electric truck, or EV truck, services by the end of this year to expand into the green logistics business. The wine warehouse currently has an occupancy rate of sixty percent, with a target of seventy percent by year-end. Rail transport is performing well, with total services exceeding two hundred containers per month. The company targets revenue growth of ten to fifteen percent this year and aims for EBITDA growth of no less than forty-five percent over the next three years, while striving to become a blue-chip stock that pays continuous dividends.