• AWC strengthens its quality customer base, achieving robust Q3 2025 results with total revenue of 5,193 million baht, a growth of 7.2% (YoY), operating profit (EBITDA) of 2,509 million baht, up 9.5% (YoY), and net profit of 1,148 million baht, an increase of 0.8% (YoY). This reflects a strategy focused on strengthening through a balanced portfolio of high-quality real estate, aiming for sustainable long-term growth.
  • The hotel business generated revenue from operational properties of 2,800 million baht, an increase from the previous year, driven by income recognition from new properties this year, alongside strong growth from luxury resort hotels, particularly in Koh Samui. This has bolstered the lifestyle model, supporting food and beverage business revenue growth of 10.9% (YoY) in the first nine months of 2025.
  • 'Jurassic World: The Experience' created a unique happiness experience, leading to a remarkable growth of 44.0% (YoY) in the shopping center business revenue, with over 200,000 tickets sold within the first three months, attracting tourists to Asiatique The Riverfront destination throughout the day, boosting rental space rates and rental income by over 26.3% (YoY).
  • The total portfolio of quality assets reached 215,550 million baht in Q3 2025, more than doubling since the IPO and increasing by 10.4% (YoY), driving the Sustainable Growth-Led Strategy, and preparing to launch the SkyFlyers ride, the tallest in Asia, at Asiatique The Riverfront destination to welcome the year-end travel festival, supporting Bangkok and Thailand as a global sustainable tourism destination.

Na-Wallapa Traisorat, CEO and Managing Director of Asset World Corp Public Company Limited (AWC), announced the Q3 2025 results, showing continuous strong growth from a balanced portfolio of high-quality real estate, with total revenue of 5,193 million baht, up 7.2% (YoY), operating profit (EBITDA) of 2,509 million baht, up 9.5% (YoY), and net profit of 1,148 million baht, up 0.8% (YoY), reflecting the potential for strategic management efficiency under a strong financial structure and a balanced portfolio across core business segments, while expanding the high-quality real estate portfolio with a total asset value of 215,550 million baht, an increase of 10.4% (YoY).

With the success of creating a unique happiness experience through 'Jurassic World: The Experience' at Asiatique The Riverfront destination, a new global landmark offering immersive virtual experiences, along with the Hatch Dome, a new era of sustainability learning for youth, over 200,000 tickets were sold in the first three months of operation, significantly boosting revenue for the commercial group. Meanwhile, the hotel and service group benefited from the growth of luxury resort hotels, collaborating with global partners to attract a quality customer base of over 710 million people worldwide. The office building segment grew from proactive marketing strategies under AWC’s Lifestyle Destination concept, continuously adding value and expanding the tenant base.

AWC continues to drive the Sustainable Growth-Led Strategy to create long-term sustainable growth by enhancing the value of quality assets through both Organic and Inorganic Growth by launching new projects and converting developing assets into operational assets. In the first nine months of this year, the company added operational assets to its quality portfolio, including Meliá Pattaya Hotel, Jubilee Prestige Ratchada, Pattaya Marriott Resort & Spa, and Jurassic World: The Experience, contributing over ten billion baht in additional operational assets, generating additional cash flow for the company under a strong financial structure, with a debt-to-equity ratio of 0.91, better than the industry average, reflecting effective cost and financial management. AWC is committed to creating sustainable growth in line with its mission of 'Building Better Future for All' to create a better future for everyone while supporting Thailand's role as a global sustainable tourism destination.

The commercial business group has shown remarkable growth from the global project 'Jurassic World: The Experience' and the transformation of the 'Empire' building into a Lifestyle Destination, enhancing the potential of the quality real estate portfolio.

The commercial business group has experienced significant growth, with revenue of 2,260 million baht, an increase of 9.6% (YoY), and net operating profit (EBITDA) of 1,864 million baht, up 7.1% (YoY). Excluding gains from changes in fair value of investment properties, the commercial business group's revenue increased by 24.1% (YoY), and net operating profit (EBITDA) rose by 24.8% (YoY), driven by a remarkable 44.0% (YoY) growth in shopping center revenue, significantly supported by the success of launching 'Jurassic World: The Experience' through collaborations with both global partners and government agencies, creating a world-class excitement phenomenon through immersive experiences while establishing a learning hub for sustainability through Thailand's geological heritage, showcasing the newly discovered flying dinosaur species 'Garudapterus' found in Thailand for the first time, along with other species unique to Thailand at Asiatique The Riverfront destination, which sold over 200,000 tickets in the first three months, resulting in a 26.3% (YoY) increase in rental income for the project and an occupancy rate reaching 85%, up 15% (YoY). The success of the AWC’s Lifestyle Destination concept aims to develop shopping centers into lifestyle destinations that enhance customer experiences, leading to a 9.5% (YoY) increase in rental rates for shopping centers, in line with a 15.3% (YoY) increase in rental income.

The success of this project supports Asiatique The Riverfront destination as a significant landmark in Bangkok that can attract visitors throughout the day and has received the 'Mall of the Year – Thailand' award from the Retail Asia Awards 2025, reflecting the potential of Asiatique The Riverfront destination as a global lifestyle destination, aligning with AWC's vision of creating sustainable value through the development of experiential tourism while promoting Thailand as a global sustainable tourism destination.

Meanwhile, the office building segment has introduced a new experience that integrates lifestyle solutions for leading companies, executives, and employees, achieving remarkable revenue growth of 14.8% (YoY) and an increase in rental income of 7.9% (YoY) from the strategy of transforming and developing quality buildings, particularly the 'Empire' building with the 'The Empire Reimagined' strategy, combining work, health, food, art, and various services, especially the unique offerings at 'The Empire Residence' with modern co-living facilities unlike any other in the office building industry, along with world-class dining destinations at A-YA Rooftop at The Empire, alongside the recognition of the performance of the new office building 'Jubilee Prestige Tower' in the heart of Ratchada, a quality location that is growing.

The hotel business group shows strong growth, supported by luxury resort hotels and a quality hotel portfolio, ready for the high season in Q4.

In Q3 2025, the hotel and service business generated revenue from operational properties of 2,800 million baht, an increase from the previous year, driven by income recognition from new properties such as Meliá Pattaya Hotel, Jubilee Prestige Ratchada, and full-quarter income recognition from Pattaya Marriott Resort & Spa, with revenue from luxury resort hotels and other hotels outside Bangkok growing by 1.7% (YoY) and 3.9% (YoY), respectively, particularly in popular destinations like Koh Samui, where average revenue per available room (RevPAR) grew by 7.1% (YoY) due to increased average daily rates (ADR). Collaborating through a global partner network and having high-quality assets has enabled continuous penetration into high-quality customer segments (e.g., Europe, the USA, the Middle East, and Oceania), resulting in a 14% (YoY) growth in room revenue from this quality tourist group in the first nine months of 2025, surpassing the 11% (YoY) growth in the number of international tourists traveling to Thailand. Additionally, effective management alongside cost management has allowed the company's hotels to achieve high gross margins, such as Meliá Koh Samui, Thailand, with a gross margin ratio of 57%, Banyan Tree Samui with 50%, and Vana Belle, a Luxury Collection Resort, Koh Samui with 48%.

AWC's hotel portfolio remains stronger than the industry average, as reflected by the Revenue Generation Index (RGI), particularly for hotels in Thailand's main tourist destinations, with hotels in Hua Hin having an RGI of 143, hotels in Chiang Mai with 121, and hotels in Phuket with 118. Furthermore, the success of enhancing the lifestyle model for the affiliated business groups, such as 'A-YA Rooftop at The Empire' and the opening of the Fossil and Flame restaurant at Asiatique The Riverfront destination this quarter, has resulted in continuous growth of 10.9% (YoY) in food and beverage business revenue in the first nine months of 2025.

Newly opened hotels this year have shown rapid growth, with Meliá Pattaya Hotel achieving positive operating profit within two quarters of opening, while Pattaya Marriott Resort & Spa has continuously attracted quality customers, achieving an average daily rate (ADR) of 5,100 baht per night in Q3 2025, which is higher than the market average (Compset) in Pattaya of 3,300 baht per night.

The growth of the hotel business group in this quarter reflects the strength of a balanced portfolio covering both city hotels and global tourist destinations, particularly luxury resort hotels that can continuously attract high-quality tourists, ready to benefit from the upcoming year-end travel season, which will be a key factor supporting growth in Q4.

Driving quality tourism to create global sustainable tourism destinations.

The company remains committed to sustainable growth while supporting Thailand as a global sustainable tourism destination through the development of real estate projects that connect the economy, tourism, and communities under the Sustainable Growth-Led Strategy, emphasizing stable and sustainable growth in all dimensions.

Under the mission 'Building Better Future for All', AWC drives the organization with the 3BETTERs framework – Better Planet, Better People, Better Prosperity to promote sustainable growth in all dimensions, including environmental, social, and economic aspects. This year, the company has developed ongoing projects in line with sustainable real estate development guidelines. In the office building segment, various systems have been developed, such as air quality management equipment, and improvements to user health, resulting in the company's office buildings receiving international standards certification, with the 'Empire' Interlink Tower Bangna and 208 Bangkok buildings achieving WELL Core Platinum certification, the highest level in the country for three projects, reflecting the commitment to developing real estate based on sustainability to enhance the well-being of building users in the CBD of Bangkok to global sustainability standards.

The company continues to drive Thailand's tourism industry, with AWC's hotel and service business benefiting from the upcoming high season, with advance room bookings for the hotel portfolio increasing by 13% (YoY), particularly in popular destinations for high-quality tourists, such as Chiang Mai, which increased by 17% (YoY), Krabi by 11% (YoY), Hua Hin and Koh Samui by 8% (YoY), reflecting Thailand's potential as a global sustainable tourism destination. Additionally, AWC supports the government's 'Travel Well, Return Well 2025' initiative to stimulate domestic tourism while continuously creating exciting new experiences at Asiatique The Riverfront destination, preparing to launch the SkyFlyers ride, equivalent to a 30-story building or approximately 140 meters high, offering an experience akin to the newly discovered flying dinosaur species 'Garudapterus' found in Thailand for the first time in Southeast Asia, allowing players to experience a new adventure at Asiatique while enjoying views of the Chao Phraya River this November. AWC is also set to strengthen its quality real estate portfolio with the upcoming openings of Fairmont Bangkok Sukhumvit and Lanna Teak Gala Phase 1 in Chiang Mai, creating sustainable overall value based on strong governance to build 'a better future for everyone.'