Asset Five Group PCL

Asset Five Group Public Company Limited, or A5, has won the Best Ultra Luxury Housing Development (Bangkok) award for its CINQUIÈME Krungthep Kreetha project at the 21st PropertyGuru Thailand Property Awards 2026, held at the Dusit Thani Bangkok hotel on 18 September 2026. It marks the second award in a single year for the project, alongside sales of more than 50% in less than one year. Supachok Panjasap, Chief Executive Officer of Asset Five Group Public Company Limited, said the project is developed under the Modern Heritage concept and the Fifth Dimension of Privacy Living concept, expressed through five dimensions of privacy: Space, Freedom, Sense, Soul and Continuity. It uses products from Gessi, Kohler, TOTO and Mitsubishi, and is fitted with a Solar Roof and EV Charger, as well as Low-VOC materials. Following the second award in a single year and sales of more than 50%, A5 plans to open the central garden and a new phase of CINQUIÈME in October 2026, and to extend the CINQUIÈME brand to projects in new locations in the future.

Asset Five Group Public Company Limited, or A5, is preparing to offer its first bond issuance for 2026, with a term of 1 year and 6 months, carrying an estimated interest rate of 7.20-7.30% per annum, with interest paid every 3 months, to institutional investors and high-net-worth investors. The subscription period is expected to be between October 19-21, 2026, with a minimum subscription amount of 100,000 baht. The proceeds will be used to repay the AFIVE272A bonds, which mature in February 2027, as part of managing the capital structure to align with the business plan. To date, A5 has issued a total of 5 bond series, with a combined value of 1,311 million baht, and has fully repaid all series upon maturity. Meanwhile, management stated that in the second half of 2026, the company has a backlog totaling 985.25 million baht, and is proceeding with the CINQ ROYAL The Eighteen Bangna KM.7 project, which has achieved approximately 80% sales, with only the final unit remaining before closing Phase 1.

Asset Five Group Public Company Limited, or A5, disclosed during an Opportunity Day that in Q2/2026, it posted a net profit of 35.13 million baht and total revenue of 331 million baht, amid a slowing economy and real estate market, as well as stricter lending by financial institutions. The company maintains its 2026 revenue target of approximately 1.5 billion baht and is confident of continued growth in the second half. As of August 21, 2026, A5 had a total backlog of 934.25 million baht, up from 855.75 million baht at the end of Q2/2026. The CINQ ROYAL The Eighteen Bangna KM.7 project has achieved 78% sales, while the CINQUIÈME Krungthep Kreetha project has 44% sales, and the VANA Ratchapruek Westville project has 43% sales. The company expects to recognize approximately 467 million baht from the backlog in the second half, or about half of the total, with the remainder in 2027. The two Cinq Royal projects will be the main drivers. The company also plans to develop a high-end project on Phatthanakan Road, with construction starting in late 2026 and sales launching in Q2/2027. In addition, it is advancing its new business, A5 Design, which has work in hand worth 50 million baht and more than 70 million baht in bids pending, as well as Upper Class Solution, which has already generated over 10 million baht in revenue, to ensure continuous income.

Asset Five Group Public Company Limited, or A5, reported second-quarter 2026 results with total revenue of 331 million baht, up 53 percent from the previous quarter, and net profit of 35 million baht. Growth was driven by revenue recognition from ownership transfers at Cinq Royal The Eighteen Bangna KM.7, as well as gradual revenue recognition from the new businesses A5 Design and Upper Class Solution. Backlog stood at 855 million baht as of 7 August 2026 from CINQ ROYAL The Eighteen Bangna KM.7, CINQUIÈME Krungthep Kreetha, VANA Ratchapruek-Westville, and the Ban Rachaya Ekkamantra project in Udon Thani province, which will be recognised gradually from the third quarter of 2026 onwards. New businesses are playing a clearer role. A5 Design, which provides design, decoration, renovation, and turnkey construction services, has secured work worth more than 100 million baht. Upper Class Solution, a residential management and comprehensive homeowner care business, has already generated more than 10 million baht in revenue. This revenue is recognised gradually over the service contract period. The company therefore plans to expand its customer base from A5 group projects to external projects to broaden its revenue base and strengthen the business over the long term. The debt-to-equity ratio at the end of the second quarter of 2026 fell to 1.09 times from 1.20 times at the end of 2025, reflecting financial discipline and a balanced approach between investing for growth and operational flexibility.

Upper Class Solution, a subsidiary of A5, has partnered with GUNKUL to install solar rooftop systems for A5 homeowners, supporting the government's public solar policy. GUNKUL brings over 40 years of clean energy expertise to design systems tailored to each home, while Upper Class Solution provides end-to-end management and services, from consultation to document support for government scheme participation. Homeowners can pay for the system in up to three interest-free installments, with solar panel warranties of up to 25 years and one-year fire insurance coverage of up to 1 million baht. The payback period is approximately five to seven years. Additionally, qualifying individuals can deduct equipment and installation costs from personal income tax up to 200,000 baht under a measure effective until 31 December 2028. The project is scheduled to run from 1 August to 31 December 2026.

Asset Five Group, or A5, has launched CINQ RESERVE, a new common area within the CINQ ROYAL The Eighteen Bangna KM.7 project. It serves as a wellness ecosystem prototype designed to elevate the quality of life for luxury residents. The highlight is the Reserve Hydrotherapy Pool, which applies water therapy through hot and cold temperature-controlled pools, a jacuzzi spa, and a rehabilitation swimming pool, all connected to green spaces and relaxation spots. Chief Executive Officer Supachoke Panjasap stated that wellness is not just a trend but a brand strategy that shapes the entire development direction, from master planning to after-sales services, to create long-term quality of life. Natthaphon Phonanek, head of the A5 Design business unit, said the design emphasizes versatile usage and a seamless connection with nature. Meanwhile, Natthawat Luangwiset, head of the Upper Class Solution business unit, stressed continuous care and management of the space so residents can fully benefit from it. A5 continues to develop projects under the Luxury Wellness Living concept to meet the needs of modern consumers who prioritize quality of life over mere opulence.