WHA has reported a normal profit of 5.261 billion baht for the year 2025, marking a 16% increase (Y-Y) and achieving a new record high for the fourth consecutive year. The company also announced its mission for 2026: “WHA: SHAPE THE FUTURE FOR THAILAND,” aimed at creating opportunities for businesses, industries, and investments in Thailand as it transitions into a “new economy.”

WHA Corporation Public Company Limited (WHA Group) announced strong performance for the year 2025, with total revenue and profit sharing of 18.232 billion baht and a net profit of 5.135 billion baht. This includes total revenue and normal profit sharing of 18.108 billion baht, while normal profit reached 5.261 billion baht, reflecting a 16% increase (Y-Y) and setting a new record high for the fourth consecutive year. This demonstrates the company's continuous growth potential across all business segments. The company also revealed its business direction for 2026 under the mission “WHA: SHAPE THE FUTURE FOR THAILAND,” reinforcing its role as a pioneer in the new economy and creating growth opportunities for Thailand (New Economy, Unlocking the New Opportunities) in response to global megatrends. The company aims to strengthen its five core business groups with a revenue and profit sharing target of 20 billion baht for 2026, alongside an investment budget of approximately 16.5 billion baht. The board has approved a total annual dividend of 0.2107 baht per share, an increase of 10.5% (Y-Y), with the XD date set for May 11, 2026, and the dividend payment scheduled for May 28.

Ms. Jareeporn Jarukornsakul, Chairwoman and CEO of WHA Corporation, stated that 2026 will be a year of challenges on all fronts, including complex geopolitical situations, economic confrontations, volatile global trade dynamics, AI technology, and data that are transforming industries, as well as mandatory ESG trends and stricter global trade measures. However, WHA sees this as an opportunity for Thailand to enhance its infrastructure, clean energy, and comprehensive industrial ecosystem to support the new economy, particularly in the EV, semiconductor, data center, cloud, and renewable energy sectors.

Under the mission “WHA: SHAPE THE FUTURE FOR THAILAND,” the company aims to enhance organizational efficiency by integrating platforms into a single ecosystem, combining technology and innovation to create maximum value for stakeholders. In 2026, WHA Group will operate under four main strategies to achieve its long-term vision, aligned with global megatrends and new economic opportunities, which include:
• Extend Leadership: Building on leadership in the country and driving growth in the region.
• Embrace Technology: Leveraging digital technology to enhance business and create new S-Curve opportunities.
• Highlight Green Commitment: Committed to achieving net-zero greenhouse gas emissions by 2050.
• Power Up Organization: Transforming through Digital Transformation into a high-performance organization.

The total investment budget is set at 16.5 billion baht, divided into 9 billion baht for industrial estates, 3.7 billion baht for logistics, 2.9 billion baht for utilities and energy, 600 million baht for mobility, and 300 million baht for digital initiatives. The targets for revenue and normal profit sharing are set at 20 billion baht, with an EBITDA margin exceeding 45% and a net debt-to-equity ratio below 1.2, reflecting financial strength and sustainable growth.

1. Logistics Business - In 2025, WHA had a total warehouse and factory area of 3,241,949 square meters, signing additional lease agreements for 204,437 square meters. New projects include WHA Mega Logistics Center Bangna-Trad Km. 23 and Theparak Km. 21, which have received positive responses, with nearly full occupancy. The first logistics center in Vietnam at Minh Quang Industrial Park in Hung Yen Province has a leasing rate of over 60%.

For 2026, the company aims to increase managed assets to approximately 3,437,000 square meters, with new leasing projects of about 200,000 square meters through the new phase of WHA Mega Logistics Center Theparak Km. 21 (Phase 3) and Chonharphichit Km. 4 Project 2, as well as launching new projects in strategic locations like WHA Manufacturing Park 331. Additionally, there are plans to sell assets and/or lease rights to the WHART and WHAIR trusts totaling 193,000 square meters, valued at around 4.7 billion baht.

2. Mobility Business under the Mobilix brand - In 2025, the company successfully provided a total of 387 electric vehicle rentals. For 2026, the strategy focuses on creating an electric vehicle ecosystem with comprehensive services, including EV rentals, charging station networks, and Mobilix Software Solution, a smart green logistics digital platform for managing electric vehicles and batteries. The target for 2026 is to provide a total of 637 EV rentals.

3. Industrial Estate Business - The company manages 17 industrial estates in Thailand and Vietnam, covering a total area of 88,900 rai. In 2025, land sales reached 1,340 rai, with 2,074 rai transferred and a backlog of 770 rai. There are also 1,632 rai of LOIs/MOUs awaiting contract signing. Recently, in Q1/2026, an LOI/MOU was converted into a sales contract with a client for over 900 rai.

In 2026, the company will continue to develop smart eco-industrial estate projects, particularly WHA Eastern Seaboard Industrial Estate 5 (WHA ESIE5), covering 6,490 rai, expected to begin transferring in Q1/2026. In Vietnam, the company aims to expand industrial zones in Nghe An and Thanh Hoa provinces, particularly WHA Smart Technology Industrial Zone 1 and 2 – Thanh Hoa, covering 2,210 rai, as well as new provinces like Hung Yen and Da Nang to support manufacturing relocation. The land sales target for 2026 is set at 2,500 rai, divided into 2,300 rai in Thailand and 200 rai in Vietnam.

4. Utilities Business (Water) - In 2025, WHAUP managed and sold a total of 160 million cubic meters of water, with 122 million cubic meters in Thailand and 38 million cubic meters in Vietnam. For 2026, the target is to increase this to 170 million cubic meters while driving the Smart Water platform to enhance water management efficiency, alongside expanding infrastructure and developing water reserves to meet the high water demand of data center clients, which is 12-16 times higher than normal. The company will also promote water reclamation solutions and the restoration and development of water storage areas to ensure long-term sustainability of water resources.

Electricity Business - In 2025, the total power generation capacity based on shareholding was 1,026 megawatts, with 715 megawatts already operational and 311 megawatts under development.

In 2026, the company will continue to expand its renewable energy portfolio in Thailand and Vietnam to meet the industrial sector's demand for green energy and the pressures of decarbonization, aiming for a cumulative signed Power Purchase Agreement (PPA) of 1,124 megawatts, alongside developing Solar Private PPA, Feed-in-Tariff, and Direct PPA projects, as well as renewable energy solutions.

5. Digital Business - In 2025, the company successfully transitioned to a technology-driven organization through Digital Transformation and AI Transformation projects, while continuing to enhance personnel capabilities in technology and innovation to strengthen digital capabilities and propel the organization towards an Intelligent Enterprise Ecosystem under the roadmap “Flight of the Future” by 2028.

For 2026, WHA Digital will focus on developing the Mobilix Software Solution, a platform for managing electric vehicles (EVs) and batteries to support the mobility business, and developing the WHASApp application for communication between customers and WHA teams, equipped with comprehensive features, including the CO2ZERO platform for managing carbon footprints and recycling waste through the WeCYCLE project.

Sustainability and Achievements

WHA Group is committed to driving its business with a sustainability vision encompassing five main dimensions: 1. Responsibility for natural resource and environmental stewardship (Environmental Stewardship) 2. Empowering society and stakeholders (Social Empowerment) 3. Good governance and promoting innovation (Responsible Governance and Innovation) 4. Leadership in the green economy (Leadership in Green Economy) and 5. Driving Thailand towards a sustainable future (Enabler for Sustainable Thailand). The company continues to follow the strategy “Green Must Be Profitable,” viewing sustainability not as a cost but as a tangible business opportunity that can create a balance between business growth and sustainable operations.

This commitment is reflected in the achievements of 2025, where the company received national and international awards, including the Royal Award from Her Royal Highness Princess Maha Chakri Sirindhorn for Leadership Excellence from TMA, scoring in the top 1% from S&P Global CSA, Best Innovative Company, and SET Awards of Honor in the Sustainability Excellence category from SET Awards 2025, while maintaining a SET ESG Rating of ‘AAA’ for the third consecutive year, along with the AMCHAM Corporate Impact Awards at the Platinum level for the 16th year and the EIA Monitoring Awards at the excellent level, reinforcing its leadership in sustainability and holistic industrial solution innovation.

Under the mission “WHA: SHAPE THE FUTURE FOR THAILAND,” the company aims to drive Thailand into the new economy era through investments in sustainable infrastructure and digital innovation, enhancing the country's competitive potential and creating a robust ecosystem to support future industries in the long term.

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