Asset World Corp Public Company Limited (SET: AWC) reported a quarterly record-high net profit of THB 1,986 million, representing a 0.9% increase compared to the same period in 2025. This performance was underpinned by total revenue of THB 6,776 million, a robust 9.5% year-on-year (YoY) growth driven by the company’s “Sustainable Growth-Led Strategy” across its hospitality and commercial portfolios.
A significant contributor to the bottom line was the Hospitality Business, which saw revenue climb 12.0% YoY to THB 4,078 million. This growth was fueled by strong demand from high-quality international travellers, with same-store Revenue per Available Room (RevPAR) hitting a record THB 5,230 per night, up 3.1% YoY. Performance was particularly notable in Chiang Mai, where RevPAR surged 26%. Additionally, the company benefited from the continued ramp-up of new assets opened in late 2025, such as the Pattaya Marriott Resort and Spa and Melia Pattaya Hotel.
The Commercial Business also showed steady momentum, with revenue rising 10.3% YoY to THB 2,632 million. Excluding gains from fair value adjustments, the segment’s underlying revenue grew by 16.3%. Success was largely driven by Asiatique The Riverfront Destination, where new attractions like Jurassic World: The Experience helped boost total EBITDA by 21% YoY.
On the expense side, Business Unit (BU) operating expenses rose 14.0% YoY to THB 2,882 million. Management attributed this increase primarily to costs associated with newly launched hotels and attractions. Despite higher costs, Corporate EBITDA grew 3.3% to THB 3,531 million. Furthermore, AWC recognised gains from changes in the fair value of investment properties totalling THB 1,522 million during the quarter.
