WHA Q1/69: Land Sales 1,000+ Rai, Profit 1.5B

Thansettakij•Economy•16d ago

Reader Briefing

WHA Group reports robust Q1/69 results with over 1,000 rai in land sales and a 1.5 billion baht profit, driven by industrial estate and logistics growth.

•WHA Group's Q1/69 performance shows strong growth in industrial estate and logistics businesses.
•Land sales reached 951 rai in Q1/69, with a backlog of 1,426 rai, exceeding initial expectations.
•Profit for Q1/69 stood at 1.5 billion baht, fueled by various business segments including utilities and power.
•The company is actively expanding its logistics centers in Thailand and Vietnam, with new projects underway.
•WHA Group is diversifying into green logistics solutions, including EV rental and charging services.

Overview

•In the first 3 months of 2026, WHA Group signed additional Built-to-Suit and industrial/warehouse rental agreements totaling 43,840 sq.m.
•In the first 3 months of 2026, WHA Group sold a total of 951 rai of land, with a year's target of 2,500 rai.
•Thailand is benefiting from relocation trends and geopolitical uncertainties, leading to increased foreign investment.
•In Q1/69, Thailand's investment promotion applications exceeded 1 trillion baht, a 2.4-fold increase from the previous year.
•In February, WHA Group signed a land sale agreement with a major data center client for over 900 rai.
•As of the end of Q1/69, WHA Group operates 17 industrial estates in Thailand and Vietnam.
•In Q1/69, consolidated sales and management of water in Thailand and overseas reached 42.6 million cubic meters, a year-on-year increase.
•WHAUP signed an MOU with Apex Circuit (Thailand) to develop a 17 MW solar project, aiming to implement Direct PPA and Third Party Access (TPA).

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Key Entities

Organization

WHA Group(WHA)ℹ️

A leading integrated solutions provider for homeland development in Thailand, focusing on industrial estates, utilities, and power.

WHAUP

The utilities and power arm of WHA Group, involved in solar, water management, and power generation projects.

Apex Circuit (Thailand)

A company with which WHAUP signed a Memorandum of Understanding (MOU) to develop a solar project.

Place

WHA Mega Logistics Center Bangna-Trat Km. 23 (Inbound)(WHA Mega Logistics Center บางนา-ตราด กม. 23 (ขาเข้า))

A logistics center located on Bangna-Trat Road, Km. 23, in the inbound direction, managed by WHA Group.

WHA Mega Logistics Center Theparak Km. 21 (Phase 3)(WHA Mega Logistics Center เทพารักษ์ กม.21 (เฟส3))

The third phase of a logistics center located on Theparak Road, Km. 21, developed by WHA Group.

WHA Manufacturing Park 331

A new manufacturing park developed by WHA Group in a strategic logistics location.

WHA Eastern Seaboard Industrial Estate 5 (WHA ESIE 5)

A large industrial estate project by WHA Group in Thailand, with significant land area under development.

WHA Industrial Zone 1–Nghe An

An industrial zone developed by WHA Group in Nghe An province, Vietnam.

WHA Smart Technology Industrial Zone 1–Thanh Hoa

A smart technology industrial zone developed by WHA Group in Thanh Hoa province, Vietnam.

Product

Mobilix Software Solution

A digital intelligent platform offered by WHA Digital for managing electric vehicles and batteries as part of green logistics solutions.

WHASApp

A digital platform by WHA Digital featuring CO2ZERO for real-time carbon footprint management and WeCYCLE for managing recycled waste.

Project

AI Playground

A testing space within WHA Digital to transform prototypes from the 'WHA Hackathon 2025' into commercial products, fostering AI development and culture.

Person

Vara Yot

Mentioned in the context of WHA's performance, likely a key executive.

"Jareeporn"("จรีพร")

Key executive at WHA Group, making a prediction on the company's revenue for 2026.