Sena Development Public Company Limited has announced its first-quarter results for 2026 amidst ongoing economic pressures and challenges in the real estate market. The company continues to pursue growth and develop solutions that meet consumers' long-term lifestyle needs.

In Q1 2026, the company reported total sales of 5.127 billion baht, with total revenue across all business segments amounting to 1.282 billion baht, which is comparable to the revenue from the same period last year. The gross profit margin stands at 33%, reflecting a 2% increase year-on-year, with a net profit of 101 million baht, accounting for 8% of total revenue. The company is also committed to customer care through LivNex, a continuous home rental savings solution.

Ms. Athika Boonrodchue, Assistant Managing Director of Finance and Investment at Sena Development Public Company Limited (SENA), stated, "The Q1 2026 performance reflects our ability to maintain business operations and profitability amidst a slowly recovering economy, high household debt, and a tight lending environment. Our total sales reached 5.127 billion baht, with property sales of 3.921 billion baht and LivNex sales of 1.205 billion baht. Total revenue across all business segments was 1.282 billion baht, with a gross profit of 406 million baht, representing a gross profit margin of 33%, and a net profit of 101 million baht, or 8% of total revenue. The interest-bearing debt to equity ratio (IBD/E) stands at 1.21 times, indicating good financial liquidity.

The company believes that the housing market still has demand, but many consumers are finding it increasingly difficult to access loans, which has led to the continuous growth of LivNex, reflecting SENA's strategy to develop solutions that address market pain points. Currently, LivNex has 946 units under the project, valued at 1.898 billion baht, with revenue expected to be recognized progressively throughout 2026.

As of March 31, 2026, the company has a backlog of 9.102 billion baht, with expected revenue recognition of 8.629 billion baht from seven upcoming projects, including Sena Kith Samrong Interchange, Cozy MRT Phetkasem 48 Phase 1, Nich Pride Ekkamai, Cozy BTS Saphan Mai, Cozy Ram Inthra - Khubon, Sena Kith Theparak 2 Phase 1, and Flexi Riverview - Charoen Nakhon, with revenue recognition starting from Q2 onwards. The remaining amount of approximately 473 million baht will be recognized in 2027.

Additionally, the company has approximately 41.843 billion baht in inventory for sale, of which about 11.442 billion baht consists of completed products ready for immediate transfer, which will be a significant factor in supporting the company's revenue management and cash flow in the future.

SENA is advancing towards a New S-Curve by developing a Green Lifestyle Platform that integrates "homes, energy, transportation, and finance" into a single ecosystem. SENA Green Auto is one of the mechanisms driving new business growth to create long-term growth while helping consumers manage their living costs effectively and access sustainable living more easily. This approach aligns not only with current consumer behavior and economic conditions but also with government policy directions, including the promotion of clean energy, solar rooftop installations, and support for electric vehicle (EV) usage, which are key trends for future living.

Currently, SENA has over 15 years of experience in solar installation through SENA Solar Energy and has been operating in the electric vehicle business through SENA Green Auto for over two years, reflecting the foundation of the business and foresight of opportunities. The company believes that real estate remains a core business and an important portfolio for the organization, but in the future, "homes" will not only serve as living spaces but will also need to effectively connect energy, transportation, and living cost management under the vision of being a "Lifelong Trusted Partner" ready to support customers at every stage of their lives.