Supalai Public Company (SPALI) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue was THB 16,501,795 thousand vs THB 17,332,217 thousand; net profit rose to THB 2,923,885 thousand from THB 2,709,162 thousand, supported by higher JV and associate earnings.

• Q3 revenue and net profit declined YoY to THB 5,420,642 thousand and THB 835,988 thousand, respectively.

Financial highlights

• 9M operating profit was THB 2,833,126 thousand vs THB 3,418,917 thousand; finance costs fell to THB 460,273 thousand from THB 557,970 thousand.

• 9M profit attributable to owners was THB 2,881,506 thousand vs THB 2,677,098 thousand; basic EPS was Baht 1.52 vs Baht 1.39.

• Q3 operating profit was THB 972,570 thousand vs THB 1,570,630 thousand; profit attributable to owners was THB 832,663 thousand vs THB 1,167,821 thousand; EPS Baht 0.44 vs Baht 0.62.

• 9M total comprehensive income was THB 4,813,961 thousand vs THB 2,981,537 thousand, including THB 1,470,671 thousand in foreign-currency translation gains.

Segment performance

• 9M real estate external revenue was THB 15,812,288 thousand vs THB 16,832,454 thousand; segment profit was THB 2,263,425 thousand vs THB 3,022,653 thousand.

• 9M hotel and management external revenue was THB 101,391 thousand vs THB 84,916 thousand; segment loss narrowed to THB 18,416 thousand from THB 18,583 thousand.

• Q3 real estate external revenue was THB 5,166,331 thousand vs THB 6,350,762 thousand; hotel and management external revenue was THB 19,452 thousand vs THB 20,657 thousand.