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Financial Highlights

Financial Position

Assets

(Unit: THB mn)

Liabilities & Equities

(Unit: THB mn)

Liabilities
Equity

Financial Performance

Revenue

(Unit: THB mn)

Gross profit

(Unit: THB mn)

Selling and Administrative Expenses

(Unit: THB mn)

Net Profit Attributable to Owner of the Company

(Unit: THB mn)

Remarks: * For 2025, special expenses were separated, and adjusted profit totaled THB 787 million.

Financial Highlights (THB mn) 2021 2022 2023 2024 2025
Financial Position
Assets 72,052 68,656 68,548 65,887 61,814
Liabilities 27,979 23,078 22,713 22,420 20,548
Equities 44,072 45,577 45,835 43,466 41,266
Financial Performance
Revenue from sales of real estate 28,041 27,191 22,357 17,346 11,511
Revenue from hospital operations - 1,211 1,820 2,187 2,243
Revenue from construction - - - 158 319
Other income 119 238 1,956 1,305 910
Total revenues 28,430 28,640 26,132 20,996 14,983
Gross profit from sales of real estate 8,318 8,827 6,957 4,825 3,572
Gross profit from healthcare business (136) 112 267 419 484
Total gross profit 8,302 9,177 9,179 6,564 4,989
Selling and administrative expenses 4,754 5,177 5,612 4,857 3,888
Loss on exchange rate - - - 60 -
Non-recurring special (expenses)/revenue - - - - 787
Net profit 2,403 2,835 2,339 487 276 *
Net profit attributable to owner of the company 2,353 2,772 2,205 456 247 *
Valuation Metrics
Paid up capital (THB mn) 2,189 2,189 2,189 2,189 2,189
Paid up shares (Million Shares) 2,189 2,189 2,189 2,189 2,189
Book value per share (THB) 20.14 20.83 20.94 19.86 18.86
Earnings per share (THB) 1.07 1.27 1.01 0.21 0.11 *
Market price at the end of period (THB) 13.00 13.20 12.10 7.90 3.58
P/E (times) 12.09 10.42 12.01 37.91 31.67 *
P/BV (times) 0.65 0.63 0.58 0.40 0.19
Market capitalization (THB mn) 28,451 28,888 26,481 17,289 7,835
Key Financial Ratios
Average asset turnover (times) (1) 0.38 0.41 0.38 0.31 0.24
Average ROA (%) (2) 4.90 5.76 5.25 2.34 1.46 *
Average ROE (%) (3) 5.45 6.35 5.01 1.06 0.60 *
Gross profit margin (%) (4) 29.20 32.04 35.13 31.26 33.30
Net profit margin (%) (5) 8.28 9.68 8.44 2.17 1.65 *
Debt to equity (times) (6) 0.65 0.52 0.51 0.54 0.52
Net interest bearing debt to equity (times) (7) 0.36 0.22 0.27 0.31 0.28

Remarks:

* For 2025, special expenses were separated, and adjusted profit totaled THB 787 million.

  1. (1) Average asset turnover = Total revenues divided by average total asset excluding right of use asset
  2. (2) Average ROA = EBIT divided by average total asset excluding right of use asset
  3. (3) Average ROE = Profit (loss) attributable to owners of the parent divided by average equity attributable to owners of the parent
  4. (4) Gross profit margin = Gross margin for the period divided by total revenues
  5. (5) Net profit margin = Net profit (loss) for the period attributable to owners of the parent divided by total revenues
  6. (6) Debt to equity = Total liabilities divided by equity attributable to owners of the parent
  7. (7) Net Interest bearing debt to equity = Net interest bearing debt divided by equity attributable to owners of the parent

Financial Position

Assets

(Unit: THB mn)

Liabilities & Equities

(Unit: THB mn)

Liabilities
Equity

Financial Performance

Revenue

(Unit: THB mn)

Gross Profit

(Unit: THB mn)

Selling and Administrative Expenses

(Unit: THB mn)

Net Profit Attributable to Owner of the Company

(Unit: THB mn)

Remarks: * For 2025, special expenses were separated, and adjusted profit totaled THB 787 million.

Financial Highlights (THB mn) 1Q25 2Q25 3Q25 4Q25 1Q26
Financial Position
Assets 64,361 64,250 64,286 61,814 60,390
Liabilities 20,923 20,986 21,605 20,548 19,020
Equities 43,438 43,263 42,681 41,266 41,370
Financial Performance
Revenue from sales of real estate 2,888 2,284 2,389 3,950 2,667
Revenue from hospital operations 513 531 571 628 562
Revenue from construction 91 53 85 90 23
Other income 212 372 203 139 178
Total revenues 3,705 3,240 3,248 4,806 3,430
Gross profit from sales of real estate 810 780 898 1,084 734
Gross profit from healthcare business 103 104 126 151 131
Total gross profit 1,134 1,261 1,230 1,380 1,049
Selling and administrative expenses 926 937 901 1,123 803
Loss on exchange rate - - 16 - -
Non-recurring special (expenses)/revenue - - - 787 -
Net profit 24 85 116 51 * 66
Net profit attributable to owner of the company 13 76 106 52 * 56
Valuation Metrics
Paid up capital (THB mn) 2,189 2,189 2,189 2,189 2,189
Paid up shares (Million Shares) 2,189 2,189 2,189 2,189 2,189
Book value per share (THB) 19.85 19.77 19.50 18.86 18.90
Earnings per share (THB) 0.01 0.03 0.05 0.02 * 0.03
Market price at the end of period (THB) 4.98 4.04 4.18 3.58 3.52
P/E (times) 26.98 53.07 N/A 31.67 * 26.52
P/BV (times) 0.25 0.20 0.21 0.19 0.19
Market capitalization (THB mn) 10,899 8,842 9,148 7,835 7,704
Key Financial Ratios
Average asset turnover (times) (1) 0.31 0.27 0.23 0.24 0.24
Average ROA (%) (2) 2.16 1.46 0.89 1.46 * 1.52 *
Average ROE (%) (3) 0.94 0.39 (0.24) 0.60 * 0.71 *
Gross profit margin (%) (4) 30.60 38.92 37.88 28.71 30.58
Net profit margin (%) (5) 0.36 2.36 3.27 1.08 * 1.64 *
Debt to equity (times) (6) 0.50 0.50 0.53 0.52 0.48
Net interest bearing debt to equity (times) (7) 0.30 0.32 0.32 0.28 0.26

Remarks:

* For 2025, special expenses were separated, and adjusted profit totaled THB 787 million.

  1. (1) Average asset turnover = Total revenues divided by average total asset excluding right of use asset
  2. (2) Average ROA = EBIT divided by average total asset excluding right of use asset
  3. (3) Average ROE = Profit (loss) attributable to owners of the parent divided by average equity attributable to owners of the parent
  4. (4) Gross profit margin = Gross margin for the period divided by total revenues
  5. (5) Net profit margin = Net profit (loss) for the period attributable to owners of the parent divided by total revenues
  6. (6) Debt to equity = Total liabilities divided by equity attributable to owners of the parent
  7. (7) Net Interest bearing debt to equity = Net interest bearing debt divided by equity attributable to owners of the parent