Sriracha Construction Public Company Limited (SRICHA) has announced that it received an additional contract for the Clean Fuel Project (CFP) of Thai Oil Public Company Limited (TOP), valued at approximately 600 million baht. This brings the total value of this project to 8.4 billion baht, up from the 7.8 billion baht originally contracted in mid-2025. The company is currently negotiating additional work worth approximately 1.6 billion baht, which, if successful, would push the total project value beyond 10 billion baht. Mr. Chatmongkol Khemapirat, Managing Director, stated that the company has the capability to construct faster than planned and expects additional work during the later stages of the project, as well as maintenance and repair work. Currently, the company has recognized revenue from CFP of approximately 4.5 billion baht and has a backlog of 3.9 billion baht to be recognized. In the second quarter of 2026, the company reported a net profit of 387 million baht, an increase of 11,054.73%, from total revenue of 1.405 billion baht. It also has recurring revenue from the Ambatovy project in Madagascar averaging 205 million baht per year. Meanwhile, the company is tracking new opportunities both domestically and internationally, including projects in the Middle East such as Bahrain, Saudi Arabia, and Qatar, following the easing of conflict situations.
Sriracha Construction Public Company LimitedQ2 2026 net profit jumped 11,054.73% to 387M baht on revenue of 1.405B baht, with a 3.9B baht backlog.
Thai Oil Public Company LimitedThai Oil is the client awarding the CFP contract; the article gives no direct financial impact on TOP itself.
