SEAFCO is signalling continued growth in the third quarter of 2026 following the second quarter of 2026, with most revenue still coming from construction work on the MRT Orange Line project, which will proceed gradually through the end of this year or early next year, while the company maintains an average concrete pouring rate of about 1,200 cubic metres per day. Dr. Narong Thasnanipan, Chief Executive Officer and Managing Director, told the Stock Vision news team that the current backlog stands at approximately 1 billion baht, enough to support average revenue of 400 to 500 million baht per quarter without having to rush into new work simply to boost the short-term backlog. As for the Expressway Authority of Thailand's accelerated plan for 11 expressway projects, three of which are expected to be put out to tender in 2027 with a combined value of 66 billion baht, namely N2, Double Deck and the Phuket expressway, the company sees opportunities in foundation work, particularly the Double Deck project, but still needs clarity on the tender opening and the name of the main contractor. The company continues to focus on managing its workforce in line with its workload amid a tight construction labour market, and does not yet need to invest in additional new machinery. The rainy season and rising oil prices have had a limited impact, since oil costs account for less than 1% of total costs.
Seafco Public Company LimitedSEAFCO expects continued Q3 2026 growth with ~1 billion baht backlog and steady MRT Orange Line piling work supporting 400-500 million baht quarterly revenue.
