Asset Five Group Public Company Limited (A5) reported total revenue of THB 1.31 billion and net profit of THB 102.95 million for 2025, demonstrating its ability to manage projects amid challenging market conditions. Demand among affluent buyers remained resilient, helping the luxury developer secure a year-end sales backlog of THB 791 million. The company plans to pay a dividend of THB 0.05 per share while launching new businesses to support sustainable, long-term growth.
Mr. Supachoke Panchasarp, Chief Executive Officer of Asset Five Group Public Company Limited (A5), said the company recorded total revenue of THB 1.314 billion and net profit of THB 102.95 million in 2025.
The results were supported by the completion of sales at CINQ ROYAL Krungthep Kreetha, an ultra-luxury detached housing project with a total development value exceeding THB 3.5 billion, as well as the phased transfer of units at Cinq Royal The Eighteen Bangna KM.7, VANA Ratchapruek–Westville, and CINQUIÈME Krungthep Kreetha.
At the end of December 2025, A5 had secured a sales backlog of THB 791 million, which is expected to be progressively recognised as revenue through 2026. Additional revenue from existing projects is scheduled to begin flowing into the company’s accounts in the first quarter.
A5’s financial position remained solid, with a debt-to-equity ratio of 1.20 times and a current ratio of 5.14 times. Cash flow from operating activities stood at THB 223.44 million, underscoring the company’s ability to manage liquidity and fund future business expansion.
The board has also resolved to propose a dividend payment of THB 0.05 per share, representing a total payout of THB 58.90 million. The record date is scheduled for 12 March 2026, with payment set for 14 May 2026.
The dividend remains subject to approval at the company’s 2026 Annual General Meeting of Shareholders. The proposed payout reflects A5’s efforts to strike a balance between reinvesting for growth and delivering returns to shareholders.
Looking ahead to the first quarter of 2026, the company remains cautiously optimistic, supported by sustained demand from high-net-worth buyers seeking quality homes in prime locations. Demand is expected to remain particularly robust for luxury residences offering personalised designs and living experiences.
Despite the multiple headwinds facing the property sector in 2025, A5 maintained its profitability through effective project and cost management, backed by disciplined financial management.
In 2026, the company plans to move beyond the launch of new project phases under its Sustainable Living concept by introducing two new businesses—A5 Design and Upper Class Solution—during the first quarter.
The expansion will extend A5’s operations beyond property development into design services and integrated residential solutions tailored to the upper-end market.
Investment in the two businesses builds on A5’s existing expertise and is expected to reinforce its business ecosystem while increasing the contribution of recurring and service-based income. This will help reduce the company’s reliance on one-off revenue from property transfers.
For investors, the strategy represents more than revenue diversification. It lays the groundwork for A5’s long-term transformation from a property developer into an integrated luxury living platform, positioning the company for more resilient and sustainable growth.
