PROUD Reports Strong Q2/2025 Performance with Revenue of 2.08 Billion Baht, Up 191.7%, Net Profit of 25 Million Baht, Up 117.4%

Aug 15, 2025 | view 326

PROUD showcases its Q2/2025 performance with total revenue of 2.08 billion baht, a growth of 191.7%, and a net profit of 25 million baht, an increase of 117.4%. For the first half of 2025, the company reported total revenue of 3.77 billion baht and a net profit of 90 million baht, driven by the transfer of ownership from the VEHHA Hua Hin and Nue District R9 projects. Sales for the ROMM Convent project remain strong, with a backlog totaling 7.71 billion baht, which will gradually be recognized as revenue in the second half of 2025 and into 2026. The company emphasizes its philosophy of “ALL IS WELL – for a sustainable quality of life, developing projects that meet the real demand market in terms of location, quality of life, and long-term value, while creating new opportunities even in challenging real estate market conditions.

Mr. Pasu Liptapallop, Executive Director of Proud Real Estate Public Company Limited (PROUD), revealed that in Q2/2025, the company achieved total revenue of 2.08 billion baht, an increase of 1.37 billion baht from the same period last year, which had total revenue of 713 million baht, representing a growth of 191.7%. The net profit was 25 million baht, up from 12 million baht in the same period last year, marking an increase of 117.4%.

For the first half of 2025, total revenue reached 3.77 billion baht, an increase of 1.99 billion baht from the same period last year, which had total revenue of 1.78 billion baht, reflecting a growth of 111.5%. The net profit was 90 million baht, slightly up from 89 million baht in the same period last year.

The overall performance has shown strong growth, driven by the transfer of ownership from the VEHHA Hua Hin and Nue District R9 projects, which exceeded expectations despite the sluggish economic conditions and a still-depressed real estate market.

The main revenue sources came from the Nue District R9 project, accounting for 73%, VEHHA Hua Hin project at 25%, and Nue Cross Khu Khot Station project at 2%, reflecting the success of key projects in the company’s portfolio, alongside the effectiveness of business strategies focused on project quality and careful cost management.

Additionally, the ROMM Convent Luxury Wellness Residences, located in the heart of Sathorn, has continued to achieve over 80% sales even while under construction, reflecting customer confidence in the project, which offers both quality living and sustainable value growth.

As of the end of June 2025, the company had a backlog valued at 7.71 billion baht, which will gradually be recognized as revenue in the second half of the year and into 2026, ensuring continuity of income, enhancing financial stability, and increasing the potential for new project investments in the future.

“Despite the high uncertainty in the economy and real estate market, due to both internal and external factors, PROUD remains committed to developing quality projects that meet the needs of the real demand market in each location, following the philosophy of ‘ALL IS WELL – for a sustainable quality of life’, while managing the business carefully to create stable long-term growth,” Mr. Pasu stated.