WHA Lands 900 Rai Data Center Deal, Q1 Sales Soar

Prachachat•Economy•16d ago

Reader Briefing

WHA Group reported a significant surge in land sales for Q1 2026, driven by a major 900-rai land deal for data centers and strong demand across multiple industrial sectors.

•WHA Group's Q1 2026 land sales reached 951 rai, boosted by a large 900-rai deal for data centers.
•The company is expanding its industrial estates, logistics, water, power, and digital businesses to support long-term growth.
•WHAUP is developing renewable energy projects, including a 17 MW solar project with Apex Circuit (Thailand).
•WHA Group's Q1 financial results show total income of 3,294 million baht and normal profit of 1,445 million baht.
•Shareholders approved a dividend for 2025 of 0.2107 baht per share, payable on May 28.

Overview

•By the end of Q1/2026, WHA Group had a backlog of land sales for transfer of ownership amounting to 1,426 rai.
•In Q1 2026, WHA Group saw its land sales surge to 951 rai.
•WHA Group signed a land sale agreement with a major data center client for over 900 rai.
•WHA Group is benefiting from the megatrend of production base relocation to Southeast Asia.
•WHAUP signed a memorandum of cooperation with Apex Circuit (Thailand) to develop a 17 MW solar power project.
•In Q1, WHA Group's total revenue and normal profit reached 3,294 million baht and 1,445 million baht, respectively.
•WHA Group is confident that full-year land sales will meet the target of 2,500 rai.
•Shareholders approved the payment of dividends for 2025 at a rate of 0.2107 baht per share.

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Key Entities

Organization

WHA Group

A Thai industrial estate developer and operator which experienced a surge in land sales in Q1 2026.

WHAUP

The utility and power arm of WHA Group, focused on developing renewable energy projects.

Apex Circuit (Thailand)

A company that entered into a cooperation agreement with WHAUP to develop a solar power project.