RT Backlog 5.6B, Bids 20B More, Eyes >50% Win for Growth

Khaosod•Economy•1d ago

Reader Briefing

Right Tunneling (RT) solidifies its growth trajectory by maintaining a 5.572 billion Baht backlog and preparing to bid on 20 billion Baht in new projects, anticipating a significant win rate.

•RT's Q2/2026 business is driven by tunnel and rapid circumference projects, with a backlog of 5,572 million Baht extending to 2028.
•The company is preparing to bid on over 20,000 million Baht in new projects, expecting to secure more than 50% of this value.
•RT reported Q1/2026 revenue of 933 million Baht and a net profit of 1 million Baht, with a gross profit margin improving to 11.8% from -4.2%.

Overview

•RT's Q2/2026 business aims to drive growth from tunnel and rapid circumference projects.
•RT currently holds a backlog of 5,572 million Baht, with revenue recognition extending to 2028.
•RT is preparing to bid on additional large-scale projects totaling approximately 20,000 million Baht.
•RT anticipates winning over 50% of the total value of the projects it bids for.
•In Q1/2026, RT reported revenue of 933 million Baht and a net profit of 1 million Baht.
•The gross profit margin for Q1/2026 improved significantly to 11.8%, a turnaround from -4.2% in the previous period.
•RT is implementing risk management measures, including monitoring energy and material prices and diversifying suppliers, due to geopolitical situations and Middle East conflicts affecting energy and construction material prices.
•RT is developing ERP, AI, and Automation systems for real-time project progress and cost tracking to enhance management efficiency.

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Key Entities

Organization

Right Tunneling (RT)(RT)

A Thai construction company specializing in tunnel projects, reporting on its backlog and future bidding strategies.

Person

Mr. Chavalit(นายชวลิต)

An individual quoted by RT, discussing risk management strategies and operational improvements.