Amata VN reported total revenue of Baht 688 Million for Q1/2026. Mr. Osamu Sudo, Deputy Chief Executive Officer of Amata VN Public Company Limited (AMATAV), disclosed that the company saw a net profit loss of about 2 million baht. The results reflected a waiting period for land ownership transfers in Long Thanh Estate, with land transfers generally slow at beginning of the year, a normal cycle in this business. Meanwhile, recurring income from public utility services continued to contribute steadily to revenues, in accordance with the business plan.
In line with our disciplined approach to financial management, the company achieved a 30% increase in financial income, reaching Baht 16 million. By the end of the first quarter, total assets stood at Baht 13,887 million, representing a 1.98% increase from the previous period. Shareholders' equity also rose by 3.66% to Baht 6,511 million, while the debt-to-equity ratio remained healthy at 1.1 times, highlighting the company's strong financial position.
In the first quarter of 2026, the board of directors of Amata VN approved the establishment of a new company to develop the Amata City Phu Tho project, also known as Doan Hung Industrial Park, covering 475.67 hectares (about 2,970 rai).
The development plan for Amata City Phu Tho is divided into two phases. Phase 1 (2025-2029) will cover 239.43 hectares, while phase 2 (from 2029 onwards) will span 236.24 hectares. The project aims to attract investment from around the world, especially in advanced manufacturing and environmentally friendly industries. The project operates under a 50-year concession period.
"Global economic factors have put pressure on foreign direct investment (FDI), causing short-term slowdowns. However, positive trends are expected to drive continued growth, including the shift of production bases from China and increased demand for industrial land. Recurring income from utility services also contributes to the company's ongoing stability," Mr. Osamu added.
In the first quarter of 2026, Vietnam recorded a GDP growth rate of 7.83%, the highest in ASEAN. Despite facing challenges such as rising energy costs, inflation, and U.S. tariff risks, which have put pressure on foreign direct investment and overall economic growth, FDI has continued to rise, underscoring global confidence in Vietnam as Asia's emerging manufacturing hub.
According to the statistics agency under Vietnam's Ministry of Finance, FDI disbursement in Q1 2026 reached USD 7.4 billion, while new FDI, including capital increases and share acquisitions, totaled USD 18.24 billion, representing a 32% year-over-year increase.
For its industrial city development goals in Vietnam, Amata VN continues to follow the "ALL WIN" business philosophy, going beyond traditional industrial parks to plan, develop, and manage integrated industrial cities. Through strategic urban planning, prime locations near global logistics hubs, advanced utilities, and long-term management, Amata creates industrial cities focused on sustainability, financial stability, and quality of life.
The company aims to develop industrial cities into carbon-neutral cities by 2040. Amata has already achieved a 9.58% reduction in carbon emissions and a 35% reduction in water consumption, reinforcing its commitment to sustainable, modern industrial city development.