Frasers Property (Thailand) Public Company Limited or “FPT” announced its operating results for the first nine months of FY2025 (October 2024 – June 2025). FPT generated total revenue of THB 10,336 million, a decrease of THB 81 million or 0.8% compared to the same period last year. It reported a 9MFY2025 net profit of THB 1,196 million, an increase of THB 369 million or 44.6% year-on-year (Y-o-Y). For 3QFY2025 (April – June 2025), revenue was THB 4,038 million, an increase of THB 212 million or 5.5% Y-o-Y, while net profit surged by THB 307 million or 90.6% Y-o-Y to THB 646 million.

Mr. Thanapol Sirithanachai, Country Chief Executive Officer of FPT, said, “The company achieved strong growth in both revenue and profit in 3QFY2025. This was driven by effective asset management across its portfolio, rigorous cost control and prudent capital management to maintain stability and liquidity, all under a flexible strategy to navigate the ongoing economic slowdown.”

The Residential Business launched three new projects with a combined value of THB 4,200 million in prime locations in Bangkok and other provinces. These include Goldina Sukhumvit–Bearing, a new premium townhome brand located in Bangkok’s East Business District (EBD), and two luxury single-detached housing projects: Grandio Khon Kaen–Mittraphap in Khon Kaen and Grandio Korat–Terminal in Nakhon Ratchasima. Despite the challenging market conditions, the company achieved pre-sales of over THB 1,000 million across all three projects in just two days after launch. For 4QFY2025 (July – September 2025), FPT plans to launch two additional projects worth over THB 3,600 million.

The Industrial Business achieved a record-high average occupancy rate of 93% across its portfolio in Thailand and overseas. This was primarily driven by increased demand for factories and warehouses from the relocation of manufacturing bases to Southeast Asia, particularly Thailand, Indonesia, and Vietnam. In 3QFY2025, the company delivered approximately 24,000 sqm of warehouse facilities to e-commerce customers in Vietnam. Moreover, FPT recorded a gain of THB 400 million from land sales in both Thailand and Vietnam, aligning with its strategy to optimise land use.

The Commercial Business recorded higher revenue due to increased rental rates from new contract renewals for office buildings and retail spaces. The company has maintained a high occupancy rate of 91%. However, the hotel business experienced a decline in revenue due to the reduced number of Chinese tourists visiting Thailand and the earthquake in late March.

Comparison of financial results for a 9-month period (October 2024 – June 2025)

Financial performance for the third fiscal quarter (April – June 2025)