ASW reaffirms its strength after 5 years in the stock market, announcing its first-quarter results for 2026 with total revenue of 2.162 billion baht, a 20% increase, and a gross profit margin of 41%. This growth is supported by the transfer of condominiums and projects in Phuket during the high season. Moving into the second quarter, the company plans to launch new projects in Phuket and prepare to transfer 4 newly completed projects valued at a total of 13.36 billion baht, reinforcing a solid foundation with a backlog of 38.01 billion baht, ensuring revenue recognition until 2028. The company aims to maintain financial discipline and manage inventory effectively, anticipating that government measures to stimulate the real estate market, including lowering policy interest rates and extending LTV relaxation, will enhance consumer purchasing power. The Phuket portfolio is expected to be a Growth Engine supporting sales and revenue targets.

Mr. Kramchad Wiphanpong, CEO of Asset Wise Public Company Limited (ASW), stated that in Q1/2026 (January-March 2026), ASW achieved total revenue of 2.162 billion baht, a 20% increase compared to the same period last year, driven by the commencement of transfers for newly completed projects such as Modiz Avantgarde valued at 1.8 billion baht, Kave Luminous Bangmod valued at 1.2 billion baht, and the Leisure Residence project developed by Rompho Property Public Company Limited (TITLE), a subsidiary, namely THE TITLE Serenity Naiyang, valued at 4 billion baht. These projects were completed ahead of schedule, allowing for early delivery starting from the end of the first quarter, along with ongoing strong transfer performance from THE TITLE Legendary Bang-Tao and KAVE Wonderland.

Additionally, the company effectively managed costs, resulting in a gross profit margin of 41%, one of the highest in the industry, leading to a net profit of 230 million baht, reflecting a growth of over 14% (YoY).

“The performance in the first quarter marks a strong start to the year, reaffirming ASW's stable progress over the past 5 years on the Stock Exchange of Thailand (SET). We continue to maintain good growth momentum in terms of revenue, profit, and sales, achieving 6.854 billion baht, which is 37% of our annual target of 18.5 billion baht. Despite challenges from the current global economic situation, this success reflects customer confidence, particularly in strategic locations like Phuket, which has high demand and potential. During the last high season, we managed to increase sales by 21% (YoY) through an effective sales agent network and delivered quality projects as planned, which is a key success factor that satisfies our customers,” Mr. Kramchad said.

Mr. Kramchad further stated that for Q2/2026, the company has 4 new completed projects ready for transfer, valued at a total of 13.36 billion baht, including 1. Modiz Vault Kaset - Sripatum, a condominium near Kasetsart University and Sripatum University; 2. Kave Genesis Nakhon Pathom, a campus condominium near Silpakorn University; and two major projects under the Leisure Residence group: 3. THE TITLE Heritage Bang-Tao and 4. THE TITLE Serenity Naiyang. Meanwhile, the company has a backlog of 38.01 billion baht as of the end of Q1/2026, which will gradually be recognized as revenue from this year until 2028.

ASW continues to pursue its business plan “EMPOWERING THE FUTURE” to create sustainable growth. In the first quarter, the company launched 3 new projects in Bangkok and the surrounding areas, including Phuket, with a total value of over 4.855 billion baht. Recently, in April, the company expanded its success in Kamala Beach by launching a new project, THE TITLE Vivana Kamala, valued at 2 billion baht, a luxurious Mediterranean-style leisure condominium located near Mingle Crystal Lake and just 2 minutes from Kamala Beach. The company remains committed to maintaining financial discipline and effective inventory management to drive overall performance towards its set goals.

“Building consumer confidence is the most crucial aspect amid the current global economic challenges. We believe that government measures, including reducing the policy interest rate to 1.00% and extending the LTV period for another year until June 2027, will help alleviate burdens and provide opportunities for ready consumers to own homes more easily. For ASW, we continue to operate with caution while closely monitoring the situation to adjust strategies in line with market conditions. This year, we see Phuket as the main Growth Engine driving both sales and revenue, along with a backlog and new delivery projects throughout the year valued at over 26.76 billion baht, which is an all-time high. This gives us confidence that ASW will achieve its revenue and sales targets while fostering sustainable growth,” Mr. Kramchad concluded.