Ananda Development Public Company Limited (SET: ANAN) has announced 2Q25 consolidated financial statement through the Stock Exchange of Thailand as follows:
| Quarter | 2Q25 | 2Q24 |
| Net Profit (Loss)
Million Baht |
253.63 | 135.21 |
| Earning Per Share
(Baht) |
0.0440 | 0.0160 |
| % Change | 87.59 | |
| 6 Month | 2025 | 2024 |
| Net Profit (Loss)
Million Baht |
49.69 | 336.18 |
| Earning Per Share (Baht) | -0.02 | 0.05 |
| % Change | -85.22 | |
ANAN reported a net profit in 2Q25 of Baht 253.63 million, an increase of Baht 118.42 million or 87.59% compared to the previous year. ANAN noted that in this quarter, the Group of Companies has changed its accounting policy for investment properties from the cost method to the fair value method to better reflect the fair value of investment properties and to provide investors with more information for decision-making, resulting the consolidated financial statements recorded a gain from the fair value of investment properties amounting to Baht 609.1 million.
The total revenue for 2Q2025 is accounted for Baht 1,255.3 million, a decrease of Baht 660.6 million or 34.5% YoY. Revenue from sales of real estate accounted for Baht 476.7 million, a decrease of Baht 620.5 million or 56.6% YoY, mainly from the decrease of lower property transfers, impacted by the earthquake on 28 March 2025, as well as an overall economic slowdown, including a reduction in the number of projects from the Company and its subsidiaries from the gradually project closed in the past.
In 2Q25, the share of profit from investments in joint ventures accounted for Baht 80.4 million, an increase of Baht 46.0 million or 133.5% YoY. The significant increase was primarily driven by the recognition of revenue from the Ideo Ramkhamhaeng-Lamsalee Station project, which began transferring in May 2025.
In 2Q25, the total cost of goods sold accounted for Baht 560.2 million, a decrease of Baht 407.5 million or 42.1% YoY.
In 2Q2025, Selling and administration expenses accounted for Baht 287.2 million, a decrease of Baht 148.9 million or 34.1% YoY.
