Britania has reported a total revenue of 3.86 billion baht and a net profit of 427 million baht for the year 2024. The company is preparing to propose to shareholders a plan to issue additional common shares and distribute warrants to existing shareholders to strengthen its capital base and support sustainable growth in the future.

Dr. Suphalak Janpitak, Chief Executive Officer of Britania Public Company Limited (BRI), stated that the company's performance in 2024, under the strategy of “Crafting for Everlasting Growth,” has led to the launch of 4 new projects valued at a total of 5 billion baht, resulting in total presales of 6.55 billion baht. Additionally, in 2024, the company has entered into joint ventures to develop projects with partners.

In total, there are 7 projects in both Bangkok and the surrounding areas, one of which has received trust from Sotetsu Real Estate, part of the Japanese conglomerate Sotetsu Group, which is a major player in railways, real estate, and retail.

For 2024, Britania recorded property transfers totaling 3.44 billion baht, which includes 2.84 billion baht from non-joint venture projects and 593 million baht from joint venture projects. Furthermore, the group generated project management income of 536 million baht and a profit from the sale of investments in subsidiaries of 362 million baht, along with other income of 114 million baht. This brings Britania's total revenue to 3.86 billion baht and a net profit of 427 million baht. As of the end of 2024, Britania has 802 million baht in sales awaiting revenue recognition.

Dr. Suphalak further noted that throughout 2024, the real estate sector faced pressures from various significant factors, such as the global economic situation and household debt, particularly the tightening of credit assessments by financial institutions due to rising non-performing loans. This has resulted in sluggish domestic purchasing power, as consumers remain financially unprepared to purchase high-value assets like housing. The year 2025 is expected to be a year of adjustment and change for the real estate sector, requiring increased caution in business operations. Therefore, Britania plans to offer additional common shares to existing shareholders based on their shareholding ratio (Rights Offering) and issue warrants, with part of the funds raised being used to repay loans from Origin Property Public Company Limited. This will reduce the debt-to-equity ratio (D/E), allowing the company to lessen its debt burden, interest, and expenses from borrowing, thereby strengthening its financial stability and ensuring a suitable capital structure for sustainable future growth.

Britania will offer additional common shares to existing shareholders based on their shareholding ratio (Rights Offering) totaling 853,081,100 shares at a ratio of 1:1 and will issue warrants allocated to existing shareholders who receive the additional common shares at a ratio of 4 additional shares to 1 warrant. The company will present the plan for the additional common share offering and the issuance of warrants to the shareholders' meeting on April 24, 2025, for approval.

Britania Public Company Limited (BRI) is a developer of housing projects under the concept of CRAFT a life you love, focusing on living life in a way that you love. The company develops single-family homes, new series homes, and townhomes, catering to all consumer segments under 5 brands and segments: 1. Belgravia (luxury single-family homes priced at 20-50 million baht), 2. Grand Britania (high-end single-family and twin homes priced at 8-20 million baht), 3. Britania (mid-end single-family, twin homes, and townhomes priced at 4-8 million baht), 4. Brighton (entry-level twin homes and townhomes priced at 2.5-4 million baht), and 5. Branded Residences Villa (luxury vacation homes priced at 19-60 million baht). As of the end of Q4 2024, the company has developed a total of 46 projects with a cumulative project value of 59.435 billion baht.