Noble Development Public Company Limited, or NOBLE, reinforces its financial strength and credibility after fully repaying bonds worth 2.184 billion baht on June 16, 2025, in accordance with the redemption schedule for both series of bonds, NOBLE256A and NOBLE256B. This repayment marks the complete fulfillment of bond obligations due in 2025, enhancing financial liquidity and elevating readiness to drive business plans in the second half of the year and long-term.

Mr. Thongchai Busarapant, Vice Chairman and Co-CEO of Noble Development Public Company Limited, revealed that in 2025, the company issued and offered bonds twice, on January 17 and May 22. Both offerings received strong confidence from investors, with total subscriptions exceeding 3.1 billion baht, reflecting trust in the company's financial status and business operations, as well as the continuity of investment plans in residential projects, which have been systematically planned in line with debt management and future revenue recognition.

For the second half of 2025, the company is set to deliver four completed projects ready for transfer: New Evo Ari, Noble Form Thonglor, Noble Create, and New Riverrest Ratburana. Together, these four projects have a backlog awaiting transfer of over 8.6 billion baht, with construction progress averaging over 90% across all projects. The company has conducted thorough quality inspections of the units at every stage to ensure delivery standards, with the New Evo Ari project expected to be completed and ready for transfer by August as the first project.

The company plans to continue marketing efforts in the second half of 2025 through various promotional campaigns to support the delivery of completed projects valued at approximately 9.9 billion baht. This includes both horizontal projects such as Noble Terra Rama 9 - Ekkamai and New Hive Suksawat, as well as vertical projects like New Connect Condo Don Mueang and Noble Around Ari, to recognize revenue and continuously strengthen liquidity.

Additionally, at the recent annual general meeting of shareholders for 2025, shareholders of Noble Development Public Company Limited approved the issuance of warrants NOBLE-W3 totaling 684,588,280 units, granting existing shareholders the right to subscribe for additional common shares at a ratio of 1:1 at an exercise price of 2.32 baht per share, with a validity of 2 years. The first exercise can be made from June 30, 2025, until May 18, 2027, reflecting a strategy to establish a strong financial foundation while creating long-term investment opportunities for shareholders and enhancing future growth prospects.

Mr. Sira Udon, Chief Operating Officer of the Real Estate Business Group, added that despite the overall real estate industry facing challenges in the second quarter of 2025 due to economic conditions and price competition, the company believes that the trend of lowering policy interest rates, government measures to reduce transfer and mortgage fees, and the relaxation of LTV criteria will stimulate domestic purchasing decisions and make it easier for consumers to access credit. At the same time, the company continues to pursue a risk diversification strategy by expanding its foreign customer base, resulting in NOBLE currently having a strong and diverse international customer base, which not only reduces dependence on the domestic market but also enhances stability and long-term revenue growth potential.

“NOBLE remains committed to disciplined portfolio management, creating financial balance, and continuously developing projects that meet market demands, with investor confidence being a key driving force for sustainable business growth,”