Supalai Public Company (SPALI) Q1 2025 earnings summary

Executive summary

• Interim financials for the three months ended 31 March 2025 were reviewed with no material misstatements found.

• Revenue and profit declined year-over-year, with net profit attributable to equity holders at THB 404.8 million, down from THB 613.6 million.

• Total comprehensive income for the period was THB 648.4 million, compared to THB 1,013.8 million in the prior year.

Financial highlights

• Consolidated revenue from sales of real estate was THB 3,513.7 million, down from THB 4,472.3 million year-over-year.

• Net profit attributable to equity holders was THB 404.8 million, with basic EPS of THB 0.21 (prior year: THB 0.31).

• Total assets stood at THB 97,940.6 million, with total equity of THB 54,868.7 million as of 31 March 2025.

• Operating cash flow was negative at THB 2,612.1 million, reflecting increased property development costs.

Outlook and guidance

• A final dividend of THB 0.85 per share for 2024 was approved, to be paid in May 2025.

• A share repurchase program for up to 120 million shares (6.14% of shares) with a THB 2,000 million budget was approved, to run from May to November 2025.