Frasers Property Thailand posts revenue exceeding THB 14,000 million in FY2025, reflecting steady performance amid economic headwinds

Lim Hua Tiong, Chief Executive Officer of FPT, said, "FY2025 marked a year of steady progress for FPT, driven by the strength of our diversified portfolio and the commitment of our people. While the operating environment remained challenging, we executed our plans with discipline and flexibility, enabling us to stabilise performance across all business segments. This reflects our focus on long-term value creation and prudent management in navigating ongoing economic uncertainties."

The Residential Business launched seven new projects during the year, exceeding target of six. These include both houses and condominiums in Bangkok and key provincial cities such as Nakhon Ratchasima and Khon Kaen, with a combined value of THB 11,135 million. The company also introduced new brands to the market: 'Goldina', a premium townhome brand, and 'Gramour' and 'GUTE', luxury house brands. This year, the company remains focused on developing products that effectively address lifestyle needs and marketing strategies that resonate with customers amid various challenges, including the economic slowdown, high household debt, and tighter credit conditions.

The Industrial Business delivered strong results, achieving an overall occupancy rate of 92% across its portfolio in Thailand and overseas, an increase of 6% year-on-year. Demand remained robust for factories and warehouses in Thailand, Indonesia, and Vietnam, supported by ongoing manufacturing relocation and supply chain shifts.

FPT delivered over 218,000 sqm of factory and warehouse space to customers, surpassing its target of 150,000 sqm. Notable completions included a large-scale 89,000 sqm warehouse for Big C Supercenter in Ayutthaya Province, and a 54,000 sqm advanced sorting centre in Southern Vietnam for an e-commerce customer. FPT currently manages the largest industrial property portfolio in Thailand, covering over 3.8 million sqm across Thailand, Indonesia, and Vietnam.

The Commercial Business maintained a high occupancy rate of 89% across its Grade A office buildings and retail spaces. This was supported by ongoing efforts to enhance building quality and tenant services. Samyan Mitrtown and Silom Edge malls hosted a variety of campaigns and activities throughout the year, successfully attracting visitors and sustaining footfall.

Revenue from the hotel business declined, mainly due to the cessation of operations at Mayfair Marriott Executive Apartments. The site is being redeveloped into a super-luxury condominium project, reflecting FPT's strategy to optimize its asset portfolio and unlock long-term value

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