JR Targets 15% Revenue Growth in 2026 with Expansion in Oil and Gas Trading Venture

Suradech U-Thairat, Deputy Chief Executive Officer of J.R.W. Utility Public Company Limited (SET: JR), revealed that the Annual General Meeting of Shareholders for 2026 resolved to approve the dividend payment from the 2025 operating results (January-December 2025) in cash at the rate of THB 0.055 per share. The ex-dividend (XD) date is on March 10, 2026, and the dividend payment was set for April 30, 2026, reflecting the strength of performance and financial position.

For the 2025 operating results, the company recorded total revenue of THB 1,943.41 million, an increase of 20.78% from the previous year’s total revenue of THB 1,609.10 million, while net profit was THB 99.50 million, up 50.18% from the previous year’s net profit of THB 66.25 million.

The revenue structure continues to be primarily from service business, accounting for 83.39% of revenue from sales and services, while equipment sales revenue grew significantly according to customer demand at each period. In terms of profitability, the company achieved a gross profit margin of 11.15%, improved from the previous year, and a net profit margin of 5.12%, up from 4.12% in 2024, reflecting effective cost control and project management.

Suradech stated that in 2026, the company targets revenue growth of 10-15% from the previous year. Currently, the company has a backlog of THB 6,266 million, which will be gradually recognized as revenue within the next 1-3 years, and is ready to expand its business in high-potential groups, including electrical system and ICT project contracting, as well as further developing trading business in the Oil & Gas group, which is a “Quick Win” category.

In addition, JR is negotiating energy partnerships with the People’s Republic of China to support future growth, while accelerating expansion into the green energy business to create a new S-Curve and capture the clean energy mega-trend.

For 2026, revenue is expected to continue growing, driven by an increase in new project bidding and a focus on strengthening long-term business through the development of power system and ICT solutions, to support the transition into the digital era, and to generate good and sustainable returns for shareholders in the future.