Ornsirin Holding Public

ORNSIRIN HOLDING (ORN) reported its Q2/69 financial results with revenue of 611.78 million baht and net profit of 60.07 million baht, up 139.8% from the same period last year. The company has a high backlog of 4,262 million baht, supporting growth in Q3/69. The company is preparing to launch the "The Next Jed Yod 4" project and expand into the Phuket market to cater to both domestic and foreign purchasing power. This information was disclosed at the Opportunity Day (OPPDAY) event organized by the Stock Exchange of Thailand.

Ornsirin Holding Public Company Limited, or ORN, said it currently has a total sales backlog awaiting transfer of about 4.262 billion baht, with 68% coming from high-rise projects and 32% from low-rise projects. It will launch The Next Jed Yod 4 condominium project in Chiang Mai province, with a VVIP round opening on 22 August 2026. The company also plans to develop a new community mall in Phuket province, targeting a launch in early 2027. For the second quarter of 2026, total revenue was 611.78 million baht, up 69.3%, and net profit was 60.07 million baht, up 139.8%.

Ornsirin Holding Public Company Limited revealed a bright business outlook for the third quarter of 2026, with sales awaiting transfer, or backlog, totaling approximately 4.262 billion baht, split between high-rise projects at 68 percent and low-rise projects at 32 percent. The company is preparing to launch The Next Jed Yod 4, a private low-rise condominium in the heart of Chiang Mai and the first in Chiang Mai to receive EDGE green building certification, on August 22. It also plans to expand into a new community mall business in Phuket, targeting an opening in early 2027 to capture purchasing power from both Thai and international consumers. Meanwhile, the Mill Hill International School Thailand business and the second-hand property business continue to show growth momentum. For second-quarter 2026 results, the company reported total revenue of 611.78 million baht, up 69.3 percent, and net profit of 60.07 million baht, up 139.8 percent.

The real estate markets in Thailand's three main tourist cities are undergoing a correction, with Chiang Mai recovering thanks to foreign purchasing power, while Phuket and Koh Samui are slowing new project launches to clear inventory. Mr. Akkadej Udomsirithamrong, Deputy CEO of Ornsirin Holding Public Company Limited, revealed that in the first quarter of 2026, the value of condominium transfers in Chiang Mai expanded by 24.1 percent year-on-year, with foreign transfer value reaching 566 million baht, an increase of 41.9 percent, led by Chinese buyers with 92 units worth 264 million baht. In Phuket, during the second half of 2025, total transfer value was 5.365 billion baht, down 9.0 percent, but new supply launched shrank to 50.171 billion baht from 105.921 billion baht, while foreign unit transfers in the first quarter of 2026 still reached 2.435 billion baht, accounting for 18.1 percent of the nationwide foreign transfer value. On Koh Samui, in the second half of 2025, total transfer value was 1.945 billion baht, growing 4.8 percent, with condominiums surging 59.1 percent to 431 million baht, and remaining supply stood at 10.738 billion baht. Ornsirin is preparing to launch The Astra Samui project worth 770 million baht. Nationwide in the first quarter of 2026, second-hand home transfers accounted for 67 percent, while the segment priced above 7 million baht slowed by 14.8 percent, and total foreign condominium transfer value fell 17.9 percent to 13.464 billion baht.

Ornsirin Holding Public Company Limited, or ORN, has joined forces with the Environmental Science Research Center of the Faculty of Science at Chiang Mai University to launch a baseline biodiversity survey and develop a biodiversity action plan for the Mill Hill International School Thailand campus and its headquarters. The initiative aims to elevate business operations under the ESG framework and lay the groundwork for project development alongside concrete ecosystem conservation. The project will survey six main groups of organisms: plants, insects, birds, fish, amphibians, and reptiles, covering activity forests, ponds, streams, lakeside hills, and surrounding green areas. It will also assess ecological value and greenhouse gas absorption potential in line with the guidelines of the Thailand Greenhouse Gas Management Organization. The findings will inform a three-year biodiversity action plan to increase native species, reduce invasive alien species, develop green infrastructure, and promote community participation through Citizen Science and Nature Explorers activities. Mr. Akkadej Udomsirithamrong, Deputy Chief Executive Officer of ORN, said this marks another important step in raising the standards of Thai real estate development by applying scientific knowledge to create a balance between residential development, biodiversity conservation, and sustainable improvement of community quality of life.

Mill Hill International School Thailand in Chiang Mai province, one of the businesses under Ornsirin Holding, has seen its student numbers surge to 176 from just 81 in its first year. International students account for 60 percent, covering parents from China, Myanmar, South Korea, and Europe, while the remaining 40 percent are Thai students with high purchasing power. Vice Chairman Arkadej Udomsirithamrong revealed that the international school business will start recognizing significantly higher revenue from the end of the third quarter this year and is expected to generate recurring revenue of more than 100 million baht per year. Chiang Mai province has risen to become the country's second-largest education hub, with the nationwide international school market valued in the hundreds of billions of baht. Ornsirin has already invested over 1 billion baht in the first phase, setting annual tuition fees at 400,000 to 600,000 baht to target parents seeking authentic British standards at an accessible price.

Ornsirin Holding Public Company Limited, or ORN, has revealed its plan for the second half of 2026, expecting stronger growth than the first half. The company holds a backlog valued at 4.261 billion baht and is preparing to transfer ownership of the HABITAT MAHIDOL, ARISE VIBE PHUKET, and ARISE HILL projects to support continuous revenue recognition. It is also moving forward with new project launches that cater to the real demand segment, reinforcing its leadership in the property sector as the first EDGE Champion in the northern region, and expanding its customer base both domestically and internationally. Additionally, it is accelerating the expansion of recurring income businesses from community malls, an international school, and a second-hand property business. The company is confident that revenue will grow in line with its target of 20 percent.