Asset Five Group PCL

A5 has outlined its business direction for the second half of 2026, focusing on generating revenue from projects under sales and delivery, boosting its backlog to 934.25 million baht as of August 21, 2026, up from 855.75 million baht at the end of Q2 2026. The CINQ ROYAL The Eighteen Bangna KM.7 project has achieved 78% sales, while CINQUIÈME Krungthep Kreetha has sold 44%, and VANA Ratchapruek Westville has sold 43%. Mr. Supachok Panjasap, Chief Executive Officer, revealed that the company is preparing to develop a high-end residential project on Pattanakarn location in late 2026, with plans to officially launch sales in Q2 2027, and expects the first phase of the show house to be completed in May 2027. Meanwhile, the new business A5 Design has a work-in-hand value of 50 million baht and more than 70 million baht in projects under bidding. Upper Class Solution has started generating revenue of over 10 million baht. The company maintains its 2026 revenue target of approximately 1.5 billion baht, and financial costs have decreased by 39.70% after repaying 231.30 million baht in debentures.

Asset Five Group Public Company Limited, or A5, reported second-quarter 2026 results with total revenue of 331 million baht, up 53 percent from the previous quarter, and net profit of 35 million baht. Growth was driven by revenue recognition from ownership transfers at Cinq Royal The Eighteen Bangna KM.7, as well as gradual revenue recognition from the new businesses A5 Design and Upper Class Solution. Backlog stood at 855 million baht as of 7 August 2026 from CINQ ROYAL The Eighteen Bangna KM.7, CINQUIÈME Krungthep Kreetha, VANA Ratchapruek-Westville, and the Ban Rachaya Ekkamantra project in Udon Thani province, which will be recognised gradually from the third quarter of 2026 onwards. New businesses are playing a clearer role. A5 Design, which provides design, decoration, renovation, and turnkey construction services, has secured work worth more than 100 million baht. Upper Class Solution, a residential management and comprehensive homeowner care business, has already generated more than 10 million baht in revenue. This revenue is recognised gradually over the service contract period. The company therefore plans to expand its customer base from A5 group projects to external projects to broaden its revenue base and strengthen the business over the long term. The debt-to-equity ratio at the end of the second quarter of 2026 fell to 1.09 times from 1.20 times at the end of 2025, reflecting financial discipline and a balanced approach between investing for growth and operational flexibility.

Upper Class Solution, a subsidiary of A5, has partnered with GUNKUL to install solar rooftop systems for A5 homeowners, supporting the government's public solar policy. GUNKUL brings over 40 years of clean energy expertise to design systems tailored to each home, while Upper Class Solution provides end-to-end management and services, from consultation to document support for government scheme participation. Homeowners can pay for the system in up to three interest-free installments, with solar panel warranties of up to 25 years and one-year fire insurance coverage of up to 1 million baht. The payback period is approximately five to seven years. Additionally, qualifying individuals can deduct equipment and installation costs from personal income tax up to 200,000 baht under a measure effective until 31 December 2028. The project is scheduled to run from 1 August to 31 December 2026.

Asset Five Group, or A5, has launched CINQ RESERVE, a new common area within the CINQ ROYAL The Eighteen Bangna KM.7 project. It serves as a wellness ecosystem prototype designed to elevate the quality of life for luxury residents. The highlight is the Reserve Hydrotherapy Pool, which applies water therapy through hot and cold temperature-controlled pools, a jacuzzi spa, and a rehabilitation swimming pool, all connected to green spaces and relaxation spots. Chief Executive Officer Supachoke Panjasap stated that wellness is not just a trend but a brand strategy that shapes the entire development direction, from master planning to after-sales services, to create long-term quality of life. Natthaphon Phonanek, head of the A5 Design business unit, said the design emphasizes versatile usage and a seamless connection with nature. Meanwhile, Natthawat Luangwiset, head of the Upper Class Solution business unit, stressed continuous care and management of the space so residents can fully benefit from it. A5 continues to develop projects under the Luxury Wellness Living concept to meet the needs of modern consumers who prioritize quality of life over mere opulence.