PANELESMATIC SOLUTIONS PUBLIC COMPANY LIMITED

TIDLOR strengthened its position with its first yen-denominated bond issuance worth 16.5 billion yen, with a three-year tenor maturing in August 2029. The bonds are guaranteed and unsubordinated, and received an A- rating from Japan Credit Rating Agency, reflecting the expansion of its funding sources into international markets and a more diversified capital structure to support long-term growth. Meanwhile, PANEL is accelerating in the second half of 2026 after its new plant began full operations, unlocking production capacity constraints and positioning it to take on new projects and build a new S-curve from data centers and the electronics industry. The company is confident that third and fourth quarter 2026 results will surge, pushing this year's revenue past the target of 220 million baht to a new record high, before moving toward 300 million baht in 2027 and 400 million baht in 2028. As for EURO, it has completed its share buyback program for financial management purposes, after the program began on March 16, 2026 and ended on August 14, 2026. The company repurchased 1.82 million shares, representing 0.60% of total issued shares, within the approved maximum budget of 25 million baht.

Panelmatic Solutions Public Company Limited, or PANEL, has announced a new growth plan by expanding into the data center and electronics industries, after its new factory began full commercial operations in April 2026, helping to remove space and production capacity constraints. Short-term production capacity is expected to increase by about two to three times, with maximum potential of up to four times within the next three years. The company is targeting 2026 revenue of 220 million baht, a new record high, before rising to 300 million baht in 2027 and 400 million baht in 2028, while pushing net profit margin to 15 percent through improved production efficiency and expansion into niche markets. The company is currently working to get its products onto customers' approved vendor lists and preparing to bid for large-scale projects in the data center and electronics markets.

PANEL has secured the IEC Hall project from IMPACT Trust to manufacture and install acoustic sliding wall panels, the company's core product. This contract will increase backlog value and support future revenue recognition. The company expects a clear recovery in second-half 2026 performance starting from the third quarter, and targets full-year 2026 revenue growth of 40%, reaching a new record high. In addition, PANEL is progressively signing contracts for operating room doors and automatic doors with several large hospitals, such as the Faculty of Medicine at Mahasarakham University, Bhumibol Hospital, and Ramathibodi Hospital.

Panelmatic Solutions Public Company Limited, or PANEL, has announced plans to enter the data center and electronics industries by building on its expertise in clean room systems and specialized automatic doors, aiming to create a new long-term revenue stream. The company will apply its existing technology and know-how to these high-growth sectors, which have relatively high barriers to entry. This limits competition and offers better margin potential compared to general contracting work. The strategy aligns with a business restructuring that reduces general interior decoration projects and shifts focus toward specialized, expertise-driven work, which should improve long-term profitability. A new factory will boost production capacity and support the development of more complex products. Expanding into the data center market is expected to increase capacity utilization and generate economies of scale. PANEL is currently working to get its products onto project developers' vendor lists and is preparing to bid for large-scale data center projects. Meanwhile, the core business is starting to recover, with management expecting a significant sequential improvement in performance from the third quarter through the fourth quarter, and a full-year revenue target of 220 million baht.

NEX shareholders have approved a 100% investment in Thai EV Company Limited, which specialises in small to medium electric commercial vehicles. Sales of four-wheel electric vehicles grew 100% between 2023 and 2025. This investment will elevate NEX into a full-service commercial EV solutions provider. Meanwhile, DPAINT has acquired The City Phuket Residence, the developer of The City Phuket condominium project, to add a revenue stream and create a new growth engine leveraging its product and construction strengths. PANEL has secured a new contract for the IEC Hall project from IMPACT Growth Real Estate Investment Trust, boosting its backlog and reinforcing its expertise in acoustic sliding wall panels.

Panel Plus Matic Solutions Public Company Limited, or PANEL, has unveiled its business plan for the second half of 2026, with management confident that operating results will recover significantly from the third quarter through the fourth quarter after the new factory began full commercial operations in April 2026. This unlocks production constraints and increases production capacity by approximately two to three times in the short term, and up to four times within the next three years. The company has set a full-year 2026 revenue target of 220 million baht and a three-year business plan under the JUMP+ project of the Stock Exchange of Thailand and the CMDF, targeting revenue of 300 million baht in 2027 and rising to 400 million baht in 2028, along with a net profit margin target of 15 percent. On the growth strategy front, the company will extend its core business in specialized doors and walls into luxury furniture and furniture for hospitals, laboratories, and operating rooms, as well as adjust its project approach by reducing general interior decoration work and focusing on specialized turnkey medical system projects where competition is limited. In addition, it is expanding regionally by opening a showroom in Phuket province to tap the luxury residential and hotel market in the south, and preparing to enter the data center and electronics industries with products for cleanrooms, such as temperature-controlled walls and automatic contamination-prevention doors. The company is currently working to get listed on manufacturer panels and participate in bidding for large-scale projects, which management views as a new revenue source with high growth potential.

Naruechon Damrongpiyawut, Chief Executive Officer of Gunkul Engineering, revealed that a subsidiary has signed power purchase agreements for three additional renewable energy projects with a total capacity of 57.2 megawatts, adding to the long-term revenue backlog and reinforcing the growth of the clean energy business as planned. Meanwhile, Chuwit Jungthanasomboon, Chief Executive Officer of Northeast Rubber, sees a positive second-half outlook from strong natural rubber demand in China and India, while global output is constrained by weather, keeping rubber prices likely to remain stable at appropriate levels. The company is therefore moving forward with tight cost and inventory management, targeting revenue of 32 billion baht in 2026. Pipat Sutthiwisesak, Chief Operating Officer of Kethis Bioethanol under Kaset Thai International Sugar Corporation, disclosed that the company has signed a contract to produce 99.95% pure alcohol for the Excise Department's Liquor Organization, marking another important step in expanding the business into the food, beverage, and pharmaceutical markets, increasing opportunities to generate revenue from value-added products in the future. Julia W. Petchpaisit, Chief Executive Officer of Panel Plus Matic Solutions, is confident that performance will begin to recover from the third quarter onward after the new factory reaches full capacity, enhancing production capability, with plans to penetrate the data center, medical business, and cleanroom markets to create a new S-curve, targeting revenue of 400 million baht within three years. Piti Tantakasem, Chief Executive Officer of TMBThanachart Bank, revealed that in the first half of 2026, the bank posted a net profit of 10.683 billion baht, with asset quality remaining stable and non-performing loans flat for seven consecutive quarters, while also completing a share buyback deal one year ahead of schedule, helping to enhance long-term shareholder returns. Chalerm Harnpanich, Chief Executive Officer of Bangkok Chain Hospital, disclosed that the company has signed a memorandum of understanding with Ratchavej Ubon Ratchathani Company Limited to study the feasibility of investing in expanding the hospital network to Ubon Ratchathani province, serving patients in the area, the lower northeastern region, and neighboring countries, with a conclusion expected within the third quarter. Finally, BCPG reported that electricity sales volume in the second quarter of 2026 declined due to scheduled maintenance shutdowns of natural gas power plants in the United States. However, the renewable energy business in Thailand and Laos still helped support the overall picture well, from hydropower, solar, and the Monsoon wind project, which began recognizing full-quarter revenue, reflecting that the revenue base from renewable assets continues to play an important role in driving the company's growth.

Penelesmatic Solutions Public Company Limited, or PANEL, reported the use of proceeds from its IPO as of 30 June 2026. The company offered 50 million new ordinary shares at 3.68 baht each, raising net proceeds after expenses of 176.36 million baht.