AMATA Posts 1.379 Billion Baht Profit, Accumulates 19.7 Billion Baht Backlog Amid Data Center Boom

AMATA Corporation's Chief Financial Officer Daendao Gomalmesat announced first-quarter 2025 results showing total revenue of 3.996 billion baht, up 18 percent, with net profit reaching 1.379 billion baht, up 67 percent year-on-year. The strong performance was driven by favorable factors including investment base relocation due to global geopolitical issues, resulting in increased land transfer revenue of 306 rai compared to 279 rai, bringing real estate business revenue to 2.486 billion baht, a 30 percent increase.

This reflects recovery and continued expansion in industrial estate investment and foreign direct investment (FDI). Gross profit margins for core business improved to 47 percent from 44 percent, thanks to cost efficiency initiatives for property development both domestically and internationally. Current investment flows show sustained strong demand for industrial estate land, particularly from technology, electronics, data center, and clean energy sectors.

The company's pending sales (backlog) valued at 19.704 billion baht will be gradually recognized as revenue supporting future growth. AMATA maintains financial discipline with a debt-to-equity ratio of 1.25 times. Utilities services revenue totaled 1.201 billion baht, up 2 percent, while ready-built factory (RBF) rental business generated 258 million baht, up 5 percent, with 469,890 square meters of space. Share of profit from associates and joint ventures declined 34 percent to 152 million baht.

Yasuo Suzui, Chief Executive of the Thai real estate business division, noted that the 2025 industrial estate market continues to benefit from FDI flows and production base relocation to Southeast Asia, particularly Thailand and Vietnam, which remain critical manufacturing hubs for technology, electronics, data centers, and clean energy. Despite global economic volatility from geopolitical tensions and trade pressures, Thailand maintains structural advantages in infrastructure, supply chains, and capacity to support new industries, continuing to attract foreign investors from China, Japan, Singapore, and Europe. The company is expanding international investments, particularly in Vietnam with high growth potential, recently establishing Amata City Phu Tho Joint Stock Company.