Millennium Group Corporation (Asia) Public Company Limited (SET: MGC) anticipates achieving record results for 2026, according to Chief Executive Officer Dr. Sunhavut Thamchuanviriya. The company set a revenue target of THB 25 billion this year and has so far achieved THB 14.76 billion in the first half, exceeding 50% of its annual goal.
Net profit is now projected to surpass THB 1 billion, ahead of the original plan of THB 900 – 1,000 million set in the Jump+ program. MGC recorded a net profit of THB 676 million in the first half, meeting around 70% of its initial annual profit expectation.
For the second half of 2026, the company expects even stronger growth due to increased tourism and a vehicle replacement cycle within corporate fleets. The introduction of new models, such as the XPENG L03 (smart AI SUV)—which launched on August 18 at Siam Paragon and the Auto Salon event at Bitec—is anticipated to contribute to third-quarter sales. Additional new models from BMW, XPENG, and ZEEKR will also be introduced.
MGC has also been assigned to manage a fleet of BMW 5 Series and i7/750 vehicles for an international conference with participants from 40 countries in October, providing another significant sales opportunity in the second half of the year.
On the expansion front, MGC plans to open additional branches in Udon Thani and Korat to serve the increasing car population and rising after-sales service demand, along with expanding its paint and bodywork service centers, driven by robust electric vehicle (EV) sales.
In terms of technology, the company has established a Physical AI & Robotics team and expects to solidify related business partnerships by late 2Q26 or early 4Q26. MGC has implemented the Oracle NV ERP system to improve internal productivity, inventory, and cash flow management. The Mobilize platform, in conjunction with its loyalty program, will help analyze data from 700,000 customers to support long-term customer retention and reduce acquisition costs.
Regarding possible government increases in excise tax on imported EVs, MGC noted that 80 – 90% of the market could be affected since most EVs are imported. However, the tax increase remains under government review. MGC has prepared contingency plans and believes some business segments and brands may remain unaffected.
MGC’s strategic priorities are as follows: expanding its automotive ecosystem and EV portfolio across various brands; leveraging technology and innovation for organizational efficiency; broadening its national network in key strategic locations; growing financial services and insurance, particularly targeting affluent clients and EV products; and upholding strong governance and anti-corruption practices, with a goal of full internal certification by 2028.
