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Supalai Public Company (SPALI) investor relations material
Supalai Public Company Investor presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Sales and expansion
9M26 pre-sales were 18,519 MB, down 9% YoY from 20,457 MB; 2026 target is 30,000 MB.
2026 pre-sales target mix: 41% low-rise provincial, 29% low-rise BKK-M, 24% high-rise BKK-M and 6% high-rise provincial.
Expansion reached 30 provinces in 2026; Supalai Palm Springs Suphan Buri has 384 units, 2,010 MB project value and prices from 4.39–10 MB.
9M26 pre-sales in Australia reached 555 MAUD, 82% of the 680 MAUD target; 2025 pre-sales were 667 MAUD.
2026 Australia targets include 15,000 MB pre-sales and 10,500 MB revenue; portfolio covers 25 projects in 4 cities and 6 states, with 207,300 MB project value.
Financial performance
9M26 consolidated revenue was 16,502 MB, down 5% YoY; real estate sales revenue fell 6% to 15,565 MB.
Gross margin was 30.3% versus 34.8%; S&A was 2,582 MB, down 9%, and finance costs declined 18% to 460 MB.
9M26 net profit rose 8% to 2,882 MB; basic EPS increased 10% to 1.52 baht.
At 30 Sep 2026, total assets were 105,374 MB and total liabilities 47,935 MB; net gearing was 64% and average cost of funds 1.68%.
2026 consolidated revenue target was 27,000 MB; total backlog was 15,264 MB as of 30 Sep 2026.
Projects and portfolio
2026 planned launches comprise 22 projects valued at 29,070 MB: 17 low-rise projects worth 20,090 MB and 5 high-rise projects worth 8,980 MB.
At 30 Sep 2026, the active portfolio comprised 149,875 units and 550,192 MB in project value; 139,548 MB was available for sale, or 25%.
2026 transfers included Supalai Sense Srinakarin at 1,000 MB, Supalai Parc Ekkamai-Pattanakarn at 4,600 MB and Supalai Kram Khao Tao at 480 MB; sold rates were 62%, 47% and 56%, respectively.
- Higher 9M profit and EPS offset weaker revenue and operating profit.SPALI
Q3 2026 - 1H26 net profit rose 36% as presales reached ฿18,519M in 9M26.SPALI
Corporate presentation - Pre-sales, revenue, and net profit fell, but assets, cash, and 2024 targets increased.SPALI
H1 2024 - Strong revenue and profit growth, major Australia investment, and robust financing activity.SPALI
Q3 2024 - 2024 saw modest profit growth and margin gains, with higher 2025 targets and strong green initiatives.SPALI
H2 2024 - Net profit fell to THB 404.8 million, with a share buyback and final dividend approved.SPALI
Q1 2025 - Net profit dropped to 1,509 million Baht in 1H25, but 2025 targets include 36 new projects.SPALI
Q2 2025 - 2025 saw lower profits and revenues, but 2026 targets and new launches signal renewed growth focus.SPALI
H2 2025 - Net profit rose 36% in 1H26, driven by strong real estate sales, expansion, and ESG progress.SPALI
H1 2026
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