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.
Asset Five Group PCLQ2 profit and revenue growth, with strong backlog and new business contributions
Secured work worth over 100 million baht, indicating strong demand for design services
