Asset World Corp Public Company Limited (SET: AWC) has delivered a landmark performance for the 2025 fiscal year, reporting record-breaking results driven by its “Sustainable Growth-led” strategy. Total revenue climbed to THB 23,065 million, marking a 9.8% year-on-year increase, while net profit reached THB 6,388 million, up 9.2% YoY.
The Hospitality Business remained a primary revenue driver, generating THB 12,813 million, up 4.5% YoY. This performance was bolstered by the opening of three new hotels—Meliá Pattaya, Jubilee Prestige Ratchadaphisek, and Pattaya Marriott Resort and Spa—which contributed over THB 720 million in additional revenue during the year. Strong performance in upcountry destinations like Chiang Mai, Koh Samui, and Krabi further supported this growth.
Simultaneously, the Commercial Business saw robust growth of 6.9% YoY, reaching THB 9,602 million. This segment benefited significantly from the launch of new world-class attractions at Asiatique The Riverfront Destination, specifically Jurassic World: The Experience and Skyflyers: Wings of Garudapterus. These attractions generated over THB 300 million in sales and boosted foot traffic by 27% YoY, raising the occupancy rate of the destination to 80%.
On the expenditure side, business unit operating expenses rose 9.7% to THB 10,189 million, a trend aligned with revenue growth and costs associated with new asset launches. However, AWC demonstrated strong fiscal discipline by reducing corporate expenses by 9.1% to THB 984 million. Consequently, Corporate EBITDA rose 10.9% YoY to THB 12,056 million. A critical element impacting the final profit was a THB 5,555 million gain from the fair value adjustment of investment properties.
AWC maintains a solid financial position with an interest-bearing debt-to-equity ratio of 0.89x. Reflecting its financial health, the company declared a dividend payment of THB 0.08 per share, a 6.7% increase over 2024. Looking ahead to 2026, the company expects continued momentum from its expanded portfolio and the recovery of international tourism.
The company will propose the dividend payment for the operating period from January 1 – December 31, 2026, at the upcoming 2026 Annual General Meeting of Shareholders. The dividend payment date is scheduled for May 28, 2026, with ex-dividend (XD) date on May 7, 2026.
