Proud Real Estate Public Company Limited

Proud Real Estate Public Company Limited (PROUD) reported its Q2/69 operating results with a net profit of 106 million baht, an increase of 314% from the same period last year, with total revenue of 1,729 million baht. The company also has a backlog valued at 4,008 million baht, which will support continued revenue recognition in the second half of the year. Mr. Phoomiphat Sincharoen, Chief Executive Officer, revealed at the Listed Company Meet Investors Earnings Call (OPPDAY) organized by the Stock Exchange of Thailand that the company will continue to efficiently manage its portfolio and maintain financial discipline to drive performance toward its targets.

PROUD unveils its plan for the second half of 2026, accelerating the handover of three luxury condominium projects: ROMM Convent, VEHHA Hua Hin, and Nue District R9, to convert its backlog of 4,008 million baht into revenue and cash flow. The company maintains its Wellness Real Estate strategy, targeting high-purchasing-power customers both in Thailand and abroad. For Q2/2026, the company reported total revenue of 1,729 million baht and net profit of 106 million baht, up 314%. In the first half, total revenue was 2,994 million baht, with net profit of 161 million baht, growing 78%. Mr. Pasu Liptapallop, Executive Director, stated that the company will manage costs and capital structure prudently to reduce the debt-to-equity (D/E) ratio and strengthen its financial position, while still seeing opportunities in the upper-end market that emphasizes quality over expansion.

Proud Real Estate, or PROUD, has revealed that its backlog totals 4,008 million baht, and it is moving ahead with the delivery of the ROMM Convent, VEHHA Hua Hin, and Nue District R9 projects in the second half of 2026 to support revenue and cash flow. In the second quarter of 2026, the company reported total revenue of 1,729 million baht and net profit of 106 million baht, an increase of 314%. In the first half of the year, total revenue was 2,994 million baht and net profit was 161 million baht, up 78%. The company continues its Wellness Real Estate strategy, targeting high purchasing power customers both Thai and foreign, while maintaining strict financial discipline to keep the debt-to-equity ratio on a downward trend.

Proud Real Estate Public Company Limited, or PROUD, reported second-quarter 2569 net profit of 106 million baht, up 314% from the same period last year, with total revenue of 1.729 billion baht. For the first half of 2569, net profit was 161 million baht, up 78%, and total revenue was 2.994 billion baht. Growth was driven by ownership transfers at the ROMM Convent project, which began transferring in May 2569, along with continued transfers at the VEHHA Hua Hin project. As a result, the net profit margin for the second quarter of 2569 rose to 6.2% from 1.2% a year earlier. As of 30 June 2569, the company had a sales backlog awaiting ownership transfer worth 4.008 billion baht, which will be gradually recognised as revenue from 2569 to 2571, and it reduced its interest-bearing debt to equity ratio to 1.1 times from 1.9 times at the end of 2568. Mr. Pasu Liptapanlop, executive director, said the company is confident that second-half performance will continue to grow, driven by accelerated ownership transfers at ROMM Convent and a strong quality backlog.