Mr. Ratchayud Nunthachotsophol, President-designate, AP Thailand Public Co., Ltd., to be effective on 1 September 2025 as the Stock Exchange of Thailand was notified, said operating results in the first half of the year were clear proof of AP Thailand’s potential as No.1 real estate company which continues to grow solidly and strongly in the face of challenging factors all around, be it the economy which has yet to fully recover or Thailand’s economic stagnation, all unavoidably having an impact on the unstable real estate market and purchasing power as well as consumer confidence. Despite that, all AP Thailand’s business groups have continued to maintain growth in all dimensions.
In the first half of the year, the company was able to generate Bht 20,940 million in total revenues (including those from 100% JV projects) and a net profit of Bht 1,870 million while maintaining strong financial stability with net debt-to-equity ratio at only 0.73.
In the face of multiple challenges facing Thailand’s real estate industry in the second half of the year which is believed to be not an easy one due to continuing effects from various factors, the company will continue to operate with caution and the most important thing contributing to the organisation’s smooth sailing amid the ripples is internal management, particularly financial stability management since finance is like ‘oxygen’ that keeps the business afloat with confidence. At present, the company has an excellent financial liquidity enough for long-term solid growth and has a potential to access various sources of funding, which is a great advantage to support its operations to fully achieve corporate goals. Among the advantages are
- Available credit line from financial institutions currently at a hefty Bht 18,619 million.
- Funding from business partner Mitsubishi Estate through a hefty registered capital of Bht 12,619 million in its subsidiary to invest in condominium development in Thailand in a joint venture with AP. The collaboration is now in its 12th year.
- Continued cash inflow from sales and transfers of properties across all segments – more than 200 projects in all, comprising single detached homes, townhomes, twin homes and condominiums.
The company plans to launch a total of 34 new projects worth Bht 53,350 million. These include 26 low-rise projects worth Bht 31,650 million, with the main highlight being the company’s Townhome and Twin Home Business – the ultimate perfect life, with plans to consistently launch new home models after having success with the sale of Baan Klang Muang THE EDITION Sathorn-Kalapapruek with a 3-storey designed townhome with split-level design called ‘XAVIER’ which steps over the limits of townhome by creating a ‘new form of space dimension’ to make a precedented difference in the townhome market. As for its Single Detached Home Business, it will launch BEON, a new brand and the latest product line which will come complete with the Ultra Volume design concept that seamlessly connects all areas into one with a Vertiplex mezzanine which has more private space than ever before. The Provincial Project Group has plans to launch Apitown Brand worth Bht 3,300 million in three new provinces: Ratchaburi, Khon Kaen and Songkhla and the Condominium Business Group for you to start a life you want to live, will launch 5 new projects worth Bht 18,400 million and is ready to transfer ownership in another new condominium project: ASPIRE Vibha-Victory worth Bht 2,300 million.
Symbol: AP