BANGKOK, 9 NOVEMBER 2026

Frasers Property (Thailand) Public Company Limited or “FPT”, has reported its operating results for FY2026 (October 2025 to September 2026), recording total revenue of THB 12,980 million, comprising THB 7,227 million from sale of real estate, THB 3,246 million from rental and service fees, and THB 2,507 million from other income. The key driver behind FPT’s performance resilience was the highly successful share of profit from industrial land sales by ARAYA– The Eastern Gateway, a joint venture company. As a result, FPT reported a net profit for FY2026 of THB 2,003 million.

Mr Lim Hua Tiong, Chief Executive Officer of FPT, said, “Frasers Property Thailand’s multi-asset class portfolio with disciplined execution of its strategic priorities has helped the company to remain resilient, delivering a stable FY2026 performance despite broader market volatility. During the year, we integrated One Bangkok’s operations and created the largest premium commercial mixed-use portfolio by area in Thailand under FPT. Together with our expertise and market position as Thailand’s largest developer and operator of industrial and logistics properties, as well as a major developer in the residential business, we are well-positioned to capture strategic opportunities, while continuing to drive businesses growth with discipline and prudence.”

The company’s net profit growth was mainly driven by Industrial Business, particularly land sales from industrial estate business at ARAYA – The Eastern Gateway. The project has benefitted from the ongoing inflow of foreign direct investment into ASEAN, with Thailand remaining one of the region’s key investment destinations. This has fuelled growing demand for industrial space, and the company plans to develop more than 2,200 rai in Chonburi province into a new industrial estate.

Meanwhile, the industrial and logistics business delivered outstanding performance, with 135,000 sqm of buildings handed over to customers in FY2026. This included a 65,000 sqm automated sorting centre developed for repeat customer, SPX Express (SPX), following FPT’s development of SPX’s first sorting centre in 2023. Across its industrial portfolio in Thailand, Indonesia and Vietnam, the company maintained a high overall occupancy rate of 92% as at 30 September 2026. Underpinned by a robust management strategy, the portfolio benefitted from tailwind trends including the relocation of manufacturing operations from China and artificial intelligence (AI) adoption, which in turn is spurring growth among businesses across the supply chain, driving significant expansion of demand for rental factories.

In the Commercial Mixed-Use Business, office buildings and retail spaces managed by FPT stand out as mixed-use projects and have benefitted from the flight-to-quality trend, particularly for the former with their high-quality office spaces, sustainability certifications and conducive work environments that are in demand among occupiers. Its retail spaces continue to attract strong footfall, supported by a diverse tenant mix catering to a wide range of lifestyles and integrated marketing activities. As a result, the company’s occupancy rate was 82% across its office and retail portfolio, even as new supply continues to enter the market.

The Residential Business launched three projects in FY2026, namely The Grand Riverfront Ratchapruk – Rama 5, Grandio Rama 2 – Taksin, and Goldina Ngamwongwan – Prachachuen, with a combined value of THB 5,000 million. The company’s single-detached home and townhome developments have been well received by the market, supported by their high quality, strategic locations, and features that cater to modern lifestyles. However, amid challenging economic conditions, high household debt and tight consumer lending conditions, the company will assess market conditions closely and prioritise cost management alongside enhanced operational efficiency, so that it can respond appropriately to market challenges.

Comparison of financial results across FY2026 and FY2025