Supalai Public Company (SPALI) Q3 2025 earnings summary

Executive summary

• Revenue and profit declined year-over-year for both the three-month and nine-month periods ended 30 September 2025, reflecting a challenging market environment.

• The company maintained strong liquidity and a robust balance sheet, with significant cash reserves and manageable debt levels.

• Interim financial statements received an unqualified review from the independent auditor.

Financial highlights

• Three-month consolidated revenue was THB 6.66 billion, down from THB 9.98 billion year-over-year; net profit was THB 1.18 billion, down from THB 2.00 billion.

• Nine-month consolidated revenue was THB 17.33 billion, down from THB 22.79 billion; net profit was THB 2.71 billion, down from THB 4.26 billion.

• Basic EPS for the nine-month period was THB 1.39, compared to THB 2.15 year-over-year.

• Gross margin for the nine-month period was approximately 19.7%.

Outlook and guidance

• No changes in segment organization or reporting; the company continues to focus on real estate and hotel management.

• Management expects continued investment in property development, with capital allocated for new projects in Australia and Southeast Asia.