KUMWEL expects Q3 2026 revenue to keep growing, confident full-year will jump 50%
EarningsIndustry
Kumwell Corporation Public Company Limited, or KUMWEL, a manufacturer and distributor of grounding systems, lightning protection systems, surge protection systems, and lightning detection and warning systems, disclosed that its operating performance in the third quarter of 2026 is set to continue growing, with the company targeting full-year operating growth of approximately 50% from the previous year and expecting to meet that goal. Chief Executive Officer Boonsak Kiatjaroonlert stated that the main driver comes from domestic data center project investment, which is increasing demand for electrical safety protection and management systems in line with the industry's expansion. At the same time, the company is also supported by renovation work on existing buildings and industrial plants through its Kumwell Clinic service, as well as revenue from the BOI Plus project, which has received investment promotion from the Board of Investment, or BOI, and will begin recognizing revenue in the third quarter of 2026, so the company expects to see a clear increase in revenue figures in the second half of 2026. On profitability, the company expects to maintain margins at a level close to recent periods and continues to raise its capabilities through projects related to EMC technology, with the goal of becoming a comprehensive leader in lightning protection and EMC systems. As for overseas markets, there are early signs of improvement after adjustments to management and marketing processes through distributors. Revenue from overseas markets currently accounts for approximately 20% of total revenue and is expected to hold at a similar level through the end of 2026, before clearer growth emerges in 2027.
