The Issuer Reports First-Half 2026 Total Revenue of THB 35 Million, Operating Profit Surges, as Company Continues to Strengthen Summer Point's Underlying Assets

Mr. Arin Ratnakovit, Director and Deputy Chief Asset Management Officer of The Company, in its capacity as issuer of the "Summer Point Token" digital token, also known as "SUMX", disclosed that for the first six months of 2026, the group posted total operating revenue of THB 34.88 million. This was primarily supported by higher rental and service income — driven both by new tenants replacing previously vacated space and by existing tenants renewing at higher rental and service rates per unit area. Operating profit margin remained strong at 61.7%, equivalent to THB 21.51 million, reflecting operational efficiency.

Net profit for the first half stood at THB 0.52 million, with underlying operating performance continuing to show clear improvement, consistent with the growth in revenue and operating profit. By comparison, the same period last year included a THB 85.96 million fair value gain on investment property — a one-off item not recurring in the current period.

The Summer Point project's underlying assets remain a key mechanism for generating recurring income, with the current occupancy rate at 80%, reflecting the company's ability to manage space and retain its tenant income base, while continuing to attract new tenants to fill available space and improve revenue per unit area.

Regarding income from the Receivables Sale and Transfer Agreement ("RSTA Agreement") — which represents recurring income from the project's assets, comprising rental income and other service income from Boutique Prakhanong 3 Limited ("BPKN3") under the RSTA Agreement — the company generated revenue of THB 22.43 million in the first half, supported by new tenants replacing former tenants as well as renewals by existing tenants at higher rental and service rates per unit area.

For Q2/2026, the group continued to show steady improvement, with total operating revenue of THB 17.71 million, up 7.6% year-on-year, while rental and service income stood at THB 17.60 million, up 7.2%, reflecting increased income from new tenants and renewals by existing tenants.

A key highlight was operating profit growth of 37.0%, rising from THB 7.82 million to THB 10.71 million, while total expenses declined 19.0% to THB 7.00 million from THB 8.64 million in the same quarter last year, reflecting improved cost and expense management efficiency.

In addition, Q2/2026 saw the company turn around to a net profit of THB 1.53 million, compared with a net loss of THB 2.91 million in Q2/2025 and a net loss of THB 1.01 million in Q1/2026, supported by higher operating profit combined with a 19.2% reduction in finance costs, from THB 12.94 million to THB 10.46 million.

On token structure management, the company carried out a token burn of 9,000,000 tokens, equivalent to 1% of total token supply, in accordance with the project mechanism. This burn has already been factored into the IRR calculation of 10.20% under the project structure, reflecting the company's management of token structure to enhance investment structure efficiency and support long-term token stability.

Regarding returns to SUMX token holders for Q2/2026, the company set total distributable returns at THB 0.0093 per token, comprising principal of THB 0.0053 per token and operating-period returns of THB 0.0040 per token, for a 91-day period, with payment scheduled for 27 August 2026, reflecting the mechanism for passing recurring income from the underlying assets through to token holders in line with the project structure.

"What the company prioritizes is strengthening the underlying assets of the Summer Point project and the recurring income generated from those assets — retaining our existing tenant base, attracting new tenants to fill available space, and improving revenue per unit area — alongside managing the token structure in line with the project mechanism, in order to sustain recurring income and lay the foundation for the business's long-term growth," said Mr. Arin.

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