Sansiri Public Company Limited (SET: SIRI or Sansiri) has announced its 2Q25 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 2Q25 | 2Q24 |
| Net Profit (Loss) Million Baht |
1,214.24 | 1,387.05 |
| Earning Per Share (Baht) |
0.0650 | 0.0760 |
| % Change | -12.46 | |
| 6 Months | 2025 | 2024 |
| Net Profit (Loss) Million Baht |
2,028.12 | 2,702.03 |
| Earning Per Share (Baht) | 0.1070 | 0.1500 |
| % Change | -24.94 | |
In the second quarter of 2025, SIRI recorded a net profit of THB 1,214 million, a decrease of THB 173 million or 12.5% YoY, driven by a contraction in gross profit and higher finance costs.
Regarding 2Q25 total revenue, the company had total revenue of THB 8,786 million, a decrease of THB 671 million or 7.1% YoY, primarily due to a 10.5% decline in revenue from project sales.
Sansiri reported revenue from project sales amounted to THB 7,592 million, a decrease of THB 894 million or 10.5% YoY, primarily due to lower revenue from single-detached house and mixed-product projects. However, revenue from townhome and condominium projects recorded growth compared to the same period last year.
Revenue from single-detached house projects was THB 3,146 million, a decrease of THB 1,399 million or 30.8% YoY. The drop was mainly driven by several Setthasiri projects that altogether contributed 19% of total revenue from project sales.
Revenue from mixed-product projects declined by THB 214 million or 20.6% YoY to THB 823 million, with the majority coming from Anasiri Paklokand Anasiri Srinakarin-Phraeksa.
Revenue from condominium projects rose by THB 444 million or 21.5% YoY to THB 2,506 million, largely from the commencement of ownership transfers in THE BASE Bukit and THE BASE Rise Phuket during the quarter, as well as continued transfers from Cabanas Hua Hin and THE MUVE Pradipat. Altogether, these 4 projects accounted for 22% of total revenue from project sales.
As for 2Q25 Cost of Goods Sold and Operating Expenses, SIRI recorded cost of project sales and other costs of THB 5,376 million, a 5.2% decrease YoY, in accordance with a decrease in revenue from project sales. Consequently, the gross profit margin of project sales in this quarter declined from 33.2% in 2Q2024to 29.2%.
Moreover, the company’s finance cost reached THB 135 million, an increase of THB 103 million or 332.5% YoY. The increase was due to the temporary closure of The Manner hotel in the United States for renovations during the first six months of 2024. Consequently, the related interest expenses incurred during the renovation period were capitalised as project costs rather than being recorded as finance costs. However, the hotel resumed its operations in 4Q2024, and therefore, related interest expenses are now recorded as finance costs as usual.
Additionally, the Board of Directors approved a dividend payment of THB 0.05 per share to be paid on 11 September 2025 with an ex-dividend date on 28 August 2025.
