After posting a record net profit for 2025, Amata Corporation PCL, Thailand’s leading industrial park and smart city developer, is announcing an organizational restructuring that together with its strong financial position will enable it to continue growing in the three ASEAN countries where it operates, and to weather the uncertainties resulting from the complex geopolitical situation, the company said today.
Amata, which operates industrial cities over a combined area totaling around 150 square kilometers (or 93,000 rai in the Thai measurement system) across Thailand, Vietnam and Laos, and its affiliates generated last year a consolidated net profit of 3.15 billion baht (ca. USD100 million), an increase of 28% compared to 2024.
For 2026, Amata is targeting 2,800 rai of total land sales boosted by demand from new Asian investors and the growing trend of global FDI flowing into ASEAN, said Mr. Vikrom Kromadit, Founder and Chairman of Amata Corp.
“ASEAN is emerging as a new investment hub, especially for high-tech, digital, and future industries, requiring both robust infrastructure and a comprehensive business ecosystem,” Mr. Vikrom told reporters in Bangkok. “We are also seeing more companies coming to us to setup R&D as well as manufacturing as they make strategic decisions to diversify their footprint.”
“However, how the crisis in the Middle-East evolves remains uncertain and we need to closely monitor the events in coming weeks,” Mr. Vikrom added.
The major organizational restructuring has involved the reshuffle, as well as recruitment, both domestically and internationally, of several experienced executives and experts that will strengthen the management team and its capacity to support the new wave of mostly hi-tech investment entering ASEAN, Mr. Vikrom said.
These new appointments include Mr. Yasuo Tsutsui, who effective March 1st became the CEO Industrial Estate Thailand, as well as Acting CMO of Amata Corp. His predecessor in that later position, Mr. Osamu Sudo, was appointed Deputy CEO of the affiliate Amata Vietnam PCL, returning to a country where he has built a strong track record.
Ms. Dendao Komolmas, Amata Corp.’s Chief Financial Officer, said that last year’s sharply improved net earnings resulted from a higher profit from the Vietnam operations as well as improved efficiency and higher margins across the board that compensated for a slight decrease in total revenue, that fell 3% to 14.5 billion baht, mostly due to temporarily delayed land transfers by some customers amidst the confusion over the trade policy and tariffs announced by the U.S. Government in early 2025.
Amata’s debt to equity ratio improved to 1.29 at the end of 2025, from 1.33 a year earlier. The company’s backlog, meaning the total value of land sold that has not yet been transferred or recognized as revenue, stood at 21.1 billion at end 2025, indicating solid future revenue.
“Thanks to that strong financial position we are able to allocate 10 billion baht for investment to expand our land area and to develop the full range of facilities, utilities and services that will support both new and existing customers in all three countries,” Ms Dendao said.
Out of the 2026 sales target, Thailand should represent 1,650 rai, mostly attracting high-tech investment including companies supporting the digital transformation supply chain, in the country’s Eastern Economic Corridor (EEC), while the Vietnam operations are expected to sell 550 rai mostly supporting the expansion and relocation of manufacturing bases from Asian Investors in a wide range of industries, including high-tech industries, electronics, environmentally friendly businesses, light manufacturing, and logistics.
Amata’s new operations in Laos are expected to see sales of 600 rai for agricultural processing and logistics, Ms Dendao said.
Amata’s projects are currently home to more than 1,600 factories and commercial outlets — with a combined workforce of 350,000 people — setup by investors from 30 different nationalities, including Fortune Global 500 companies.
Symbol: AMATA