New Risk • Aug 12
New major risk - Revenue and earnings growth Earnings have declined by 18% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Earnings have declined by 18% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿2.30b market cap, or US$69.6m). Reported Earnings • Aug 12
Second quarter 2026 earnings released: EPS: ฿0.34 (vs ฿0.07 in 2Q 2025) Second quarter 2026 results: EPS: ฿0.34 (up from ฿0.07 in 2Q 2025). Revenue: ฿1.17b (up 4.9% from 2Q 2025). Net income: ฿359.8m (up 378% from 2Q 2025). Profit margin: 31% (up from 6.8% in 2Q 2025). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Announcement • Aug 01
Long Thanh Riverside Investment Co., Ltd. acquired 93.40% stake in Amata Township Long Thanh Joint Stock Company from Amata VN Public Company Limited (SET:AMATAV) and Amata Corporation Public Company Limited (SET:AMATA) for VND 492.24 billion. Long Thanh Riverside Investment Co., Ltd. acquired 93.40% stake in Amata Township Long Thanh Joint Stock Company from Amata VN Public Company Limited (SET:AMATAV) and Amata Corporation Public Company Limited (SET:AMATA) for VND 492.24 billion on July 30, 2026. A cash consideration of VND 492.24 billion will be paid by Long Thanh Riverside Investment Co., Ltd. Upon completion, Amata Township Long Thanh Joint Stock Company ceased to be a subsidiary of Amata VN Public Company Limited and its parent, Amata Corporation Public Company Limited.
The transaction was subject to the fulfillment of conditions under the Share Purchase Agreement, which were met prior to the closing on July 30, 2026. The Amata Corporation Public Company Limited intends to use the proceeds from the disposal to reduce administrative costs and enhance the efficiency of the Group’s investment management.
Long Thanh Riverside Investment Co., Ltd. completed the acquisition of 93.40% stake in Amata Township Long Thanh Joint Stock Company from Amata VN Public Company Limited (SET:AMATAV) and Amata Corporation Public Company Limited (SET:AMATA) on July 30, 2026 
