ORN reveals its Q1 2569 performance: Total revenue reached 501.36 million baht, up 14.51% with a profit of 40.15 million baht. The transfer of ownership exceeded targets, achieving sales of 1,556 million baht, supporting a quality backlog of 4,224 million baht. The company is recognizing revenue from new business ventures such as Community Malls and second-hand international schools, while continuing to develop new projects and maintain financial discipline to support long-term growth.

Mr. Pridikorn Buranupakorn, CEO of Orn Sirin Holding Public Company Limited, stated that for Q1 2569, the company reported total revenue of 501.36 million baht, an increase from 437.81 million baht in the same period last year, reflecting a rise of 63.54 million baht or 14.51%. The net profit was 40.15 million baht, up from 38.64 million baht last year, an increase of 1.51 million baht or 3.93%. The improved performance was driven by accelerated ownership transfers of both horizontal and vertical projects in Chiang Mai, with ownership transfers totaling 488.45 million baht, exceeding the set target. This includes 282.49 million baht from horizontal projects and 205.96 million baht from vertical projects, indicating a continued demand for housing in Chiang Mai.

Additionally, the company achieved a record sales growth of over 100% compared to the same period last year, with total sales reaching 1,556 million baht. This has resulted in a current backlog of approximately 4,224 million baht, with 53% of customers being Thai and over 47% being foreign buyers, who represent a high purchasing power and have made substantial deposits, contributing to revenue stability and reducing operational risks.

At the same time, the company is gradually recognizing increased revenue from its subsidiary businesses, including Community Malls, Mill Hill International School Thailand, and second-hand homes, which expands Orn Sirin's ecosystem and creates a stable income base to support long-term growth.

The company also effectively manages costs and sales plans, allowing it to maintain profitability. Currently, the debt-to-equity (D/E) ratio stands at 1.4, and the interest-bearing debt-to-equity (IBD/E) ratio is low at 0.6, indicating high stability compared to peers in the same industry. This reflects effective capital structure management and readiness to expand new projects to achieve set growth targets.

The company continues to develop new projects while maintaining financial discipline, cost management, and balancing income from property sales with recurring revenue to support sustainable long-term growth amidst the current economic and real estate market challenges.