ASW has reported its performance for the first 9 months of 2025, achieving total revenue of 6.25 billion baht, a cumulative net profit of 689 million baht, and sales of 17.47 billion baht, with a backlog exceeding 32.86 billion baht. The company expects to gradually recognize revenue until 2027 and has expanded its plan to launch a total of 11 new projects this year, valued at 23.6 billion baht. They are confident that the real estate market will continue to be supported by the recovering tourism sector, and they are set to launch 3 new projects in Phuket worth 9.7 billion baht, targeting high purchasing power foreign buyers. They are preparing to transfer completed projects as planned to support their annual revenue target of 10.5 billion baht, believing that their Phuket portfolio will strengthen the company's stable growth this year and in the long term.

Mr. Krongchet Wiphanpong, CEO of Asset Wise Public Company Limited (ASW), a leading real estate development company focusing on lifestyle under the concept of "Happiness Designed for You" or "We Build Happiness," stated that ASW continues to execute its plans effectively and achieve continuous growth. In Q3/2025, revenue grew by 43% (QoQ) compared to the previous quarter, resulting in a total revenue of 6.25 billion baht for the first 9 months of the year (January-September 2025), with a cumulative net profit of 689 million baht and sales exceeding 17.47 billion baht, which is 90% of the annual target set at 19.5 billion baht.

This success is attributed to the efficient management of newly completed projects and ready-to-move-in projects. Notable projects with significant transfer of ownership in Q3/2025 include The Title Legendary Bang-Tao, a leisure condominium project in Phuket developed by Rompho Property Public Company Limited or TITLE, a subsidiary that has been gradually recognizing revenue since the end of Q2/2025 and continuing into this high season, along with Atmoz Canvas Rayong and Kave Seed Kaset. The company has a backlog of 32.86 billion baht at the end of Q3, which will be gradually recognized until 2027.

Mr. Krongchet further stated that the operational plan for the final quarter of the year remains focused on developing residential projects in strategic locations. Recently, ASW has decided to increase its new project launches for 2025 to 11 projects, with a total project value of 23.6 billion baht, representing a 7% increase from the previously announced plan. The distribution includes 18% of projects in Bangkok and the surrounding area and 82% in Phuket, as Phuket is a high-potential market with tourist attractions that cater to all lifestyles and beautiful natural sites, along with comprehensive transportation and amenities, attracting tourists from around the world, including high purchasing power foreign customers and digital nomads for long-term residence, making Phuket a location with strong demand and sustained growth in all market conditions.

In Q4/2025, the company plans to launch 3 new leisure condominium projects in Phuket, with a total project value of 9.7 billion baht, including 1. Coralina Kamala, a resort-style condominium near Kamala Beach, suitable for both living and investment, with 564 units valued at 3.9 billion baht; 2. The Title Sierra, with 452 units valued at 2 billion baht; and 3. The Balcony Naiyang, with 542 units valued at 3.8 billion baht.

At the same time, ASW also has a newly completed project in Q4 that will gradually transfer to recognize revenue by the end of this year, which is Kave Wonderland, a new condominium near Thammasat University Rangsit, with a project value of over 2.55 billion baht. The highlight is the large and well-equipped common area in the area, which will be another significant support for the company to achieve its revenue target of 10.5 billion baht.

“In the past 9 months, ASW has been able to operate its business according to most of the plans set at the beginning of the year, including the timely transfer of project deliveries and the launch of new projects. We closely monitor and assess market trends to identify opportunities and adjust strategies in line with economic conditions. The final quarter is a crucial time for the real estate market due to supportive factors from operator campaigns, government stimulus measures, and the reduction of policy interest rates that help ease consumer repayment burdens and reduce financial costs for operators, along with entering the tourism high season, making the overall market more vibrant. Coupled with the excellent response from the recent project launches in Phuket, we maintain momentum by continuing to invest in this potential location. We believe that all of this will be a key strategy to strengthen and sustain the growth of ASW's sales, revenue, and profits both this year and in the long term,” Mr. Krongchet said.

Asset Wise Public Company Limited (ASW) is engaged in real estate development, focusing on developing high-rise and low-rise residential projects in potential locations under the concept of "Happiness Designed for You" or "We Build Happiness." Currently, it has developed over 83 condominium and housing projects under various brands designed to create happiness suitable for every lifestyle, including KAVE, ATMOZ, MODIZ, ESTA, THE ARBOR, THE HONOR, as well as projects under Rompho Property Public Company Limited or “TITLE,” which is a subsidiary of the company, with a total project value of over 136.948 billion baht, divided into 33 completed and ready-to-move-in projects and 21 projects currently on sale and under development. As of the end of Q3/2025, the company has a backlog valued at over 32.86 billion baht.