Frasers Property Thailand has announced its financial results for the first nine months of the fiscal year 2025 (October 2024 – June 2025). Compared to the same period last year, the company reported revenue of 10.336 billion baht, a decrease of 81 million baht or 0.8%. However, net profit reached 1.196 billion baht, an increase of 369 million baht or 44.6%. In Q3 of fiscal year 2025 (April – June 2025), the company generated revenue of 4.038 billion baht, up 212 million baht or 5.5% compared to the same quarter last year, with net profit soaring to 646 million baht, an increase of 307 million baht or 90.6% year-on-year.

Mr. Thanapol Sirithanachai, Chief Executive Officer of Frasers Property (Thailand) Public Company Limited, or “FPT,” stated that in Q3, the company achieved significant business growth in both revenue and profit. This success is attributed to effective asset management within the portfolio, efficient cost management, and a focus on capital management to maintain stability and liquidity in a continuously slowing economic environment.

The residential property segment launched three new projects worth over 4.2 billion baht in high-potential locations in Bangkok and surrounding provinces. These include Goldina Sukhumvit – Bearing, a premium townhome brand in the East Business District of Bangkok, as well as luxury single-house projects Grandio Khon Kaen-Mitr Phol in Khon Kaen province and Grandio Korat-Terminal in Nakhon Ratchasima province. Despite challenges in the low-rise housing market, the company managed to achieve over 1 billion baht in pre-sales across all three projects within just two days of their launch. For the final quarter of fiscal year 2025 (July – September 2025), there are plans to launch two more new projects worth over 3.6 billion baht.

The industrial property segment achieved an average leasing rate of 93% across its portfolio in Thailand and abroad, marking the highest leasing rate ever recorded. This is primarily due to the increasing demand for factory and warehouse space as production bases shift to Southeast Asian countries, especially Thailand, Indonesia, and Vietnam. In this quarter, the company delivered a warehouse building covering approximately 24,000 square meters to e-commerce industry clients in Vietnam, along with profits from land sales in both Thailand and Vietnam exceeding 400 million baht, in line with effective land management strategies.

The commercial property segment saw increased revenue from office and retail businesses due to higher rental rates from new lease agreements, maintaining a high occupancy rate of 91%. However, the hotel business experienced a decline in revenue due to the reduced number of Chinese tourists traveling to Thailand and the earthquake that occurred at the end of March.