LIGHT UP TOTAL SOLUTION COMPANY LIMITED

Light Up Total Solution Public Company Limited, or LTS, expects to fully recognise 100% of its backlog, worth approximately 60 million baht, within this year, according to Chief Executive Officer Phat Trasophosit. Third-quarter 2026 results remained steady from the second quarter, when the company posted a profit of 7.5 million baht and revenue of 132 million baht, because the third quarter was mainly a preparation period. The company is preparing to bid on three to four new projects with a combined value in the hundreds of millions of baht, with contracts expected to be signed in the fourth quarter of 2026 and some revenue, roughly 40 million baht, potentially recognised then. The remainder will begin to be recognised in the first or second quarter of 2027. The company puts its chances of winning the work at about 70%, citing its expertise and ready qualifications, and therefore expects 2027 results to grow by leaps and bounds, driven by government funding to accelerate the switch to energy-saving LED lighting in public areas. The company is also looking at one or two opportunities related to data centres, both in the form of equipment leasing and system testing work, though there is no clear timeline yet because it must wait for contracts with clients and several items of equipment are in short supply. At the same time, it plans to expand into AI Cloud rental services through the establishment of a joint venture, Noventrix Company Limited, in which the company will hold about 40%. The establishment has been pushed back to the fourth quarter of 2026 from an earlier target of completion within September, due to product supply shortages.

Light Up Total Solution Public Company Limited, or LTS, is moving forward with business expansion into the data center market. The company currently has a backlog for its data center business and GPU rental services worth approximately 50 to 60 million baht, with revenue to be gradually recognized through the end of this year. Chief Executive Officer Pat Trusakosith revealed that the company has been steadily delivering cable equipment and GPU installation support equipment to customers, while laying out a strategy to generate recurring income through the GPU rental business to strengthen its long-term revenue structure. Meanwhile, the lighting business, which remains the core business, continues to maintain a stable revenue base, and the company is further building on this through Smart Home showrooms to add value with comprehensive smart building solutions.