TEAMG continued to demonstrate strong performance in the first quarter of 2026, reporting revenue of THB 631 million, an increase of THB 130 million or 26% compared to the first quarter of 2025. Net profit reached THB 50 million, up 6%. The Company also achieved a new record high backlog exceeding THB 6 billion. TEAMG revealed that its strategy for the second half of the year remains focused on government sector and infrastructure projects to further strengthen business stability.
Mr. Chawalit Chantararat, Chief Executive Officer of TEAM Consulting Engineering and Management Public Company Limited (TEAMG), disclosed following the Board of Directors’ meeting held on 13 May 2026 that the Company’s operating results for Q1/2026 (January–March 2026) recorded from sales and service revenue of THB 631 million, representing an increase of THB 130 million or 26% from the same period last year.
The Company reported net profit for Q1/2026 of THB 50 million, an increase of THB 3 million or 6% year-on-year. The continued profit growth reflects the Company’s strong profitability and effective cost management amid sustained revenue expansion.
Mr. Chawalit further stated that geopolitical volatility since the beginning of the year, particularly from the conflict between the United States and Iran, has impacted the overall economy and contributed to the energy crisis. In response, the Company has implemented risk mitigation measures for EPC projects by securing advance fixed-price contracts for construction materials and equipment. In addition, projects already under contract are mainly government projects, which include construction price adjustment mechanisms (K-factor) to help mitigate cost fluctuations.
To strengthen cash flow and ensure stable growth amid ongoing uncertainties, the Company has focused on expanding its backlog as a key business safeguard. As a result, backlog in Q1/2026 reached a new record high of THB 6,057 million, growing 4%. The Company’s key strategy remains centered on securing projects from highly stable government sector clients. Currently, government-related and related business projects serving public sector clients account for 72% of the Company’s total portfolio, reinforcing business stability during periods of uncertainty.
“For the second half of the year, the Company will continue to actively pursue infrastructure projects and focus on government sector clients to further strengthen its backlog,” Mr. Chawalit said.
