Peerapat Technology Public Company Limited

PRAPAT or Peera Pat Technology Public Company Limited expects its operating results in the third quarter of 2026 to continue growing from the second quarter of 2026, driven by sales of its Steward brand automatic dishwashers, which have been well received, especially by restaurants, hotels, and resorts. The company is also launching a new product, "adult diapers," under its Daily Care segment to expand its customer base into the elderly care center market. The company spent over two years developing this product and expects it to start generating clear revenue from 2027 onward. Currently, revenue from kitchen products accounts for approximately 40% of total revenue. The company is confident that this year's operating results will meet its targets, as the second half of the year is the high season for the business.

PRAPAT, or Peerapat Technology Public Company Limited, has unveiled its strategy for the second half of the year to enter new markets beyond hotels and hospitals, focusing on the healthcare and senior care market with adult diapers. It is also promoting machinery products under the PEERAPAT and STEWARD brands, such as floor scrubbers and automatic dishwashers, to address labor shortages and rising wages. Mr. Sukan Intarasut, Chief Marketing Officer, revealed at a Dinner Talk seminar in Chiang Mai on August 28, 2026, that the company is also introducing energy-saving innovations through energy-efficient pump systems and offering installment payment plans to assist customers amid the economic slowdown. The company is preparing to expand its factory to support future growth and maintain a consistent dividend payment policy for shareholders.

Peerapat Technology Public Company Limited, or PRAPAT, reported second-quarter net profit for fiscal 2026 of 8.26 million baht, up 170.82 percent from 3.05 million baht in the same period last year. Revenue from sales and services came in at 273.70 million baht, driven mainly by rental and service income, especially from the kitchen product group, which continued to grow thanks to dishwasher rentals for restaurant and hotel businesses, along with effective cost control. For the first six months of 2026, net profit totaled 18.98 million baht, up 91.33 percent from 9.92 million baht in the same period last year. The company expects growth to continue in the second half, supported by the third and fourth quarters, which are the high season for tourism. Rising tourist numbers and increased activity among hotels and restaurants should boost demand for cleaning products, dishwashers, and cleaning machinery and equipment. The company is also pressing ahead with its Team Work Emotion strategy to expand its B2B customer base and drive three businesses: the machinery products business, the Sustainable Engineering business, which has a backlog supporting second-half revenue, and the Wellness business for elderly diapers, which began marketing in the third quarter.

Peerapat Technology Public Company Limited, or PRAPAT, has announced plans to expand into the senior economy market in the second to third quarter of 2026, leveraging its existing hospital customer base to broaden its wellness product range and preparing to launch adult diapers for hospitals, elderly care centers, and the health market. The move comes amid pressure on the tourism sector, with tourist arrivals falling to around 30 to 32 million, a drop of about 7% from the previous year. Yet PRAPAT still managed to grow its profit by 55% and pay a dividend of around 5%, reflecting business stability. The company disclosed the information at a Dinner Talk seminar in Songkhla province, noting that Thailand has a population aged 60 and above accounting for about 30% of the total population, presenting a significant market expansion opportunity.

Peerapat Technology Public Company Limited, or PRAPAT, expects its operating performance in the second half of 2026 to improve compared to the first half, as it enters the high season for tourism from late third quarter through the fourth quarter. Currently, about 60 percent of its main revenue comes from hotel clients, while the restaurant segment accounts for around 20 percent of revenue. The company is also continuing to diversify risk by expanding into the wellness and healthcare market, using adult diapers as a trailblazing product, as well as broadening its portfolio of imported machinery and cleaning equipment. It is focusing on a solution-based sales strategy that bundles equipment and chemicals into a single package to create cross-selling opportunities from its existing customer base.