Dendao Komolmas, Chief Financial Officer of Amata Corporation Public Company Limited (SET: AMATA), revealed that the company anticipates improved business performance in the second half of 2025 compared to the first half. This optimism is driven by expectations that clients tend to make more investment decisions in the second half of the year.
Currently, AMATA has a backlog of land sales awaiting ownership transfer, valued at THB 25,034 million, which will continue to be recognized progressively. In addition, the company presently holds more than 1,168 rai of land available for sale in Thailand.
For 2025, AMATA is maintaining its target for total land sales at 3,500 rai, representing 15% growth from the previous year’s 3,019 rai. In the first half alone, the company has already sold 2,868 rai—of which 2,240 rai are in Thailand and 628 rai in Vietnam.
Even after the United States announced a 19% tariff on goods from Thailand, we remain confident this will ultimately benefit Thailand. Therefore AMATA will keep the land sales targets unchanged. Its customer base comprises various sectors, including electronics and automotive industries. Looking ahead, the company sees increasing potential for data center clients to invest in Thailand, said Dendao.
For 2Q25, AMATA posted a net profit of THB 139.86 million, down 39.49% from THB 231.19 million in the same period last year. Total revenue was THB 2,375 million, a decrease of 12.48% from the previous year’s THB 2,714 million. The lower performance was primarily due to reduced utility income and decreased profit sharing from joint ventures, as well as losses in foreign exchange and higher income tax expenses.
However, in the first half of 2025, AMATA reported a net profit of THB 969.04 million, an increase of 39.48% from THB 694.74 million in the same period last year. Total revenue for the first half was THB 5,769 million, up 5.65% compared to THB 5,457 million last year, mainly driven by increased income from real estate sales and profit sharing from the power business.
The company transferred ownership of 450 rai of land during the first half, with 371 rai in Thai industrial estates and 79 rai in Vietnamese ones. The lands sold this year yielded healthy profit margins, boosting the company’s gross profit margin for the first half to 52.2%, up from 48.7% a year ago.
Furthermore, at the board meeting held on August 11, 2025, the company approved an interim dividend payout (from retained earnings) in cash at the rate of THB 0.35 per share. The ex-dividend date (XD) is set for August 26, 2025, and the payment will be made on September 10, 2025.
Osamu Sudo, Acting Chief Marketing Officer of AMATA, commented that global economic uncertainty persists, particularly due to trade policy shifts—most notably, the imposition of higher U.S. tariffs. Currently, the 19% tariff rate, together with prevailing inflation and reciprocal tariffs on Thai exports to the U.S., is comparable to rates across the region.
He believes these tariff measures will encourage more investors to relocate their manufacturing bases to Thailand. He stressed the importance of monitoring the Thai economy closely, especially regarding the government’s economic stimulus efforts in response to slowdowns in manufacturing and tourism sectors and contracting government spending, although private consumption remains steady.
Thailand’s export sector continues to show robust growth across several categories, including electronics, data centers, automotive, electrical appliances, and agricultural products.
AMATA remains committed to developing estates under the “Perfect Smart City” concept, both in Thailand and abroad, guided by sustainable development principles encompassing environmental, social, and governance (ESG) dimensions—particularly, effective water resource management.
Despite ongoing global and domestic economic challenges, AMATA is confident that sustainable ‘smart city’ development will be a key engine driving long-term economic and community resilience, Sudo concluded.
