Supalai Public Company Limited has revealed that its 2024 financial results are at a leading level, generating total revenue of 31.985 billion baht and a net profit of 6.19 billion baht. This reflects the company's capability in challenging circumstances and reinforces its business plan for 2025, which anticipates positive signals for both condominium and horizontal projects continuing to grow well. The company aims to expand its real estate market with a total of 36 projects covering Bangkok, the surrounding areas, and regions, while also enhancing investment potential abroad.

Mr. Traitecha Tangmattatham, Managing Director of Supalai Public Company Limited, stated that the overall operations in 2024 were another challenging year. However, the company maintained steady growth with strong financial capabilities, launching as many as 41 new projects valued at 52.38 billion baht, generating total sales of 26.743 billion baht. This includes sales from condominium projects amounting to 9.876 billion baht and horizontal projects at 16.867 billion baht. The satisfactory growth in performance resulted in total revenue of 31.985 billion baht and a net profit of 6.19 billion baht, primarily derived from launching horizontal and condominium projects targeting all customer segments across various areas.


Mr. Traitecha Tangmattatham, Managing Director of Supalai Public Company Limited

Popular locations that generated high sales include Bangkok and its vicinity, Phuket, Chonburi, and Chiang Mai. Additionally, five completed condominium projects ready for delivery, valued at over 16.23 billion baht, continue to recognize revenue steadily. These include Supalai Icon Sathorn, Supalai Premier Samsen-Ratchawat, Supalai Loft Phasi Charoen Station, City Home Sanambinnam-Rattanathibet, and Supalai City Home Rayong. This has led to a 12% growth in assets and a 5% increase in shareholders' equity, with a debt-to-equity ratio of only 54%. The average financial cost stood at 2.86% as of December 31, 2024, and there is a backlog of approximately 11.535 billion baht as of December 31, 2024, to support the company’s future revenue growth.

In light of the revenue and profit growth, the company’s board of directors has approved a dividend payment for the 2024 fiscal year to shareholders at a rate of 1.45 baht per share. An interim dividend of 0.60 baht per share has already been paid, with a remaining dividend for the last six months of 2024 at 0.85 baht per share. The ex-dividend date (XD) is set for May 7, 2025, with the dividend payment scheduled for May 20, 2025.

For 2025, the company is enhancing its management capabilities and focusing on developing proactive strategies to drive sales towards its set targets. It plans to launch a total of 36 new projects valued at 46 billion baht, consisting of 28 horizontal projects and 8 condominium projects, while also entering new real estate markets in provinces such as Lopburi, Suphanburi, and Koh Samui.

Confident in the continuous growth rates in these provinces, the company emphasizes long-term investments, resulting in an increase in sales from provincial markets to 43% of the total sales target. Additionally, there will be more condominium projects launched compared to the previous year to meet customer demand, which will help boost sales to achieve the targets. Highlights of new projects in the past two months have received excellent responses from customers, particularly the new Luxury series single houses, Romantic Charm, and the Supalai Prima Villa project on Uthayan Road, as well as the Supalai Pride project at Anusawari-Paklok in Phuket, which has recorded over 700 million baht in sales upon launch, reflecting the strong real demand in the market. Furthermore, the company is preparing marketing campaigns to offer special and valuable deals to customers.

The success in 2024 presents a challenging task and serves as a driving force for the company to remain committed to developing strategies to achieve its set goals, proving the organization's strength and readiness to adapt swiftly.