Supalai Public Company (SPALI) H2 2024 earnings summary

Executive summary

• 2024 total revenues reached 31,985 million Baht, up 1% year-over-year, with net profit rising 3% to 6,190 million Baht and net profit margin improving to 19.4%.

• Pre-sales in 2024 totaled 26,743 million Baht, a 7% decrease from 2023, with a target of 32,000 million Baht for 2025.

• Backlog as of 31 Dec 2024 stood at 11,535 million Baht.

Financial highlights

• Gross margin improved to 37.7% in 2024 from 35.6% in 2023.

• Selling and administrative expenses increased by 12% year-over-year.

• Earnings before tax rose 3% to 7,937 million Baht.

• Basic EPS increased to 3.17 Baht from 3.07 Baht.

Outlook and guidance

• 2025 pre-sales target set at 32,000 million Baht, with a focus on both high-rise and low-rise projects in BKK-M and provincial areas.

• New project launches in 2024 valued at 52,380 million Baht across 41 projects.

• 2025 business direction includes 36 new projects totaling 46,000 million Baht.