TMI accelerates power plant fixes, eyes government auction unlock after fiscal 2027 budget

Earnings
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Summary · why it matters

TMI is currently expediting the resolution of issues and improving the efficiency of certain power plants that still face disruptions, with completion expected by the third quarter of 2026. The company now operates three biogas power plants with a total capacity of 5.4 megawatts, comprising a 1.4-megawatt plant in Chumphon province, a 1-megawatt plant in Samut Sakhon province, and a 3-megawatt plant in Suphan Buri province. For the lighting equipment business, the outlook for the third quarter of 2026 is expected to remain flat due to the economy and purchasing power that have yet to recover. Meanwhile, several government project auctions continue to be postponed pending the fiscal 2027 budget allocation, but the company believes it remains competitive and is ready to bid as soon as projects open. In the first quarter of 2026, the company posted a net profit of 14.78 million baht, up 30.91 percent from the same period last year, with total sales revenue of 145.29 million baht and total cost of sales declining 13.83 percent to 84.33 million baht.

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