BANGKOK, 6 FEBRUARY 2026

Frasers Property (Thailand) Public Company Limited, or “FPT,” has announced its results for the first quarter of FY2026 (October – December 2025), reporting total revenue of THB 3,538 million. This represents an increase of 7.8% or THB 256 million compared to the same period last year, and the net profit was stable at THB 328 million.

Total revenue comprised THB 2,140 million from real estate sales, THB 788 million from rental and service fee, and THB 610 million from other income, with other income increasing 28.4% year-on-year. A key contributor to the growth in other income was the recognition of a gain from the disposal of investment properties amounting to THB 249 million, an increase of THB 106.8 million from the same period last year.

Lim Hua Tiong, Chief Executive Officer of Frasers Property (Thailand) Public Company Limited, said, “FPT’s diversified and fully integrated portfolio enabled the company to deliver stable performance across its three businesses for the first quarter of FY2026. This was underpinned by effective capital management and a sound financial structure, while maintaining an appropriate level of liquidity. At the same time, the company continues to adopt a flexible business strategy to navigate economic uncertainties arising from challenges both in Thailand and overseas.”

FPT’s Residential Business recorded a THB 137 million year-on-year increase in revenue for 1Q FY2026. Its performance was contributed by strong market response for single and semi-detached homes, particularly newly launched brands Goldina, Gramour, and GUTE, which continuously attracted customer interest and site visits. Its projects, Gramour Sathorn and GUTE Sukhumvit 76, were awarded Gold certification under the Thai’s Rating of Energy and Environmental Sustainability for Residential Buildings (TREES-Home V.1.0), making FPT the first property developer in Thailand to receive such certification from the Thai Green Building Institute (TGBI). For the rest of FY2026, the company plans to launch new projects in high-potential locations across Bangkok.

The Industrial Business continues to benefit from the relocation of manufacturing operations to Thailand by foreign investors, as well as growth in the electronics and digital industries. This has driven strong market demand for factories, which serve as critical infrastructure within the supply chain. Boosted by this trend, FPT's factories saw an average occupancy rate of 96% during October - December 2025.

The warehouse retained its existing customer base while continuing to secure new tenants, supported by its premium warehouse offerings featuring high-standard buildings equipped with sustainability-focused features. Following strong take-up of the Phase 1 warehouse of Frasers Property Last Mile Hub (Pu Chao Saming Phrai) comprising 21,000 sqm, FPT embarked on Phase 2, completing a 9,400 sqm built-to-function warehouse which is now ready for client handover. In addition, the company also commenced development of a new 65,000 sqm built-to-suit automated sorting centre at Frasers Property Logistics Center (Mahachai) for SPX Express.

The Commercial Business maintained an occupancy rate of 89% across its office buildings and retail spaces as at 31 December 2025. Its efforts to offer flexible lease arrangements tailored to tenants’ needs and evolving business operations position the company well in responding to oversupply in the office market. During the New Year festive period, its retail spaces experienced strong shopper footfall. This was contributed by distinctive positioning and clearly defined target customer segments that helped create business opportunities for tenants targeting the same customer groups, supporting continued lease renewals.

Financial performance for the first financial quarter (October – December 2025)