RT has announced its financial results for Q1/69, reporting a revenue of 933 million baht and a net profit of 1 million baht, marking a 101% growth. The business outlook for Q2/69 indicates a gradual recognition of revenue from 31 projects, an increase in fast-track work to boost cash flow, and a focus on enhancing project management efficiency as a Main Contractor while carefully controlling costs to maintain liquidity and financial stability for long-term growth.

The company's performance improved due to revenue recognition from ongoing construction projects and timely project deliveries, along with effective cost management, resulting in better profitability with a gross margin of 11.8%, up from a negative 4.2% in the same period last year. Additionally, the company reported an operating profit of 108 million baht, compared to a loss of 29 million baht in the previous year, aligning with an operational cash flow of 130 million baht, up from a negative 73 million baht last year, reflecting progress in project operations, clear cost control results, and appropriate financial liquidity management.

For the business outlook in Q2/2569, the company will continue to implement its plan, gradually recognizing revenue from 31 ongoing projects while increasing the proportion of fast-track work that can generate revenue and cash flow more quickly. At the same time, the company is restructuring to increase its role as a Main Contractor to enhance project management efficiency and long-term profitability, with the current proportion of Sub Contractor work remaining at about 30%. Furthermore, the company is laying the groundwork for future growth, including generating recurring revenue through Operation & Maintenance (O&M) services and expanding into alternative energy businesses, currently in the early stages of development and business direction planning to seize long-term business opportunities.

“Although the overall construction industry faces pressure from rising energy and material costs, the company is closely monitoring the situation and has planned careful cost management through advance material orders, negotiations to stabilize key material prices, and increasing supplier options both domestically and from neighboring countries that can be transported overland, along with logistics management to enhance operational efficiency,” said Mr. Chawalit Thanomthin, CEO of Right Tunneling Public Company Limited (RT), a specialist in tunneling, civil engineering, and geotechnical engineering.

For projects directly contracted by the government, the company is preparing to submit requests to reserve the right to extend project timelines and to waive or reduce penalties due to unforeseen circumstances arising from the conflict in the Middle East, in order to manage potential impacts on project operations appropriately. The company aims to conduct its business prudently while maintaining strong liquidity and financial stability to support steady long-term growth,” Mr. Chawalit added.