ORN announced its Q4 2024 performance, achieving total revenue of 545 million baht and a net profit of 75 million baht, up 476% compared to the same period last year. The full-year performance for 2024 shows total revenue of 1.362 billion baht and a net profit of 140 million baht. The company has adjusted its strategy to cope with the slowdown in the real estate sector, focusing on developing high-rise and low-rise projects that stand out in design and functionality, expanding its customer base to include international clients and the middle-to-upper real demand segment. They are confident in maintaining strong sales this year, showcasing a backlog of 1.772 billion baht to be gradually recognized in Q1 2025, and preparing to declare a dividend of 0.02 baht per share.

Mr. Pridikorn Buranupakorn, CEO of Orn Sirin Holding Public Company Limited (ORN), revealed that the Q4 2024 performance recorded total revenue of 545 million baht, an increase from 210 million baht in the same period last year, representing a 159% growth, with a net profit of 75 million baht, up from 13 million baht last year, marking a 476% increase.


Mr. Pridikorn Buranupakorn, CEO of Orn Sirin Holding Public Company Limited (ORN)

The significant improvement in performance during Q4 2024 is attributed to the successful adjustment of strategies to address the overall slowdown in the real estate market. The focus has been on developing quality residential projects that excel in location, design, and functionality, with careful selection of high-quality, environmentally friendly materials and construction using standardized technology. This approach meets the needs of international customers and the real demand segment seeking housing in Chiang Mai.

Additionally, government policies aimed at stimulating the real estate sector have contributed to the continuous growth of sales in both high-rise and low-rise projects, including the high-rise projects Astra Sky River, Arise Charoen Muang, Arise Vibe Phuket, and Arise Hill Chiang Mai, as well as low-rise projects Habitat Ruam Chok and Believe Wongwan-Sankamphaeng. The customer base is divided into 53% Thai clients and 47% international clients.

For the 2024 fiscal year, total revenue reached 1.362 billion baht, an increase from 1.111 billion baht in the previous year, with a net profit of 140 million baht, down from 180 million baht last year.

“We are confident that the adjustment of the company's operational strategies will drive sales in ongoing projects in Chiang Mai and Phuket, attracting interest from target customer groups, leading to continuous sales growth and positively impacting the company's performance this year. Currently, the company has a backlog of 1.772 billion baht, which will be gradually recognized starting from Q1 2025,” Mr. Pridikorn stated.

Furthermore, the board of directors has approved a cash dividend payment to shareholders at a rate of 0.02 baht per share, totaling no more than 30 million baht, which represents a dividend payout ratio of 21.34% of net profit after legal reserves for the 2024 fiscal year. The reduced dividend payment from last year is intended to serve as working capital for expanding new projects and investing in subsidiary businesses to generate recurring income. This resolution will be presented for approval at the 2025 Annual General Meeting of Shareholders on April 24.


Astra Sky River Project


Habitat Ruam Chok Project


Astra Sky River


Habitat Ruam Chok