Economy
PROUD Real Estate Reports Significant Q2 2026 Profit Growth
Proud Real Estate Public Company Limited announced a 314% increase in net profit for the second quarter of 2026, driven by project transfers.
According to a report by Khaosod Online Thailand, Proud Real Estate (PROUD) has announced its financial results for the second quarter of 2026. The company recorded a net profit of 106 million baht, representing a 314% increase compared to the 25 million baht profit reported in the same period last year. For the first half of 2026, the company achieved a total profit of 161 million baht, marking a 78% growth.
Executive Director Pasu Liptapallop stated that the revenue growth was primarily supported by the ongoing transfer of units at the Rom Convent and InterContinental Residences Hua Hin (Veha) projects. These transfers have contributed to stronger profit margins and total revenue of 1,729 million baht for the quarter. The company currently holds a backlog of 4,008 million baht, which is expected to support growth through 2028, while its debt-to-equity ratio has been reduced to 1.1 times.
For residents and investors, this performance indicates a stable operational phase for the developer as it continues to hand over high-end residential units. While the company expresses confidence in continued growth for the second half of the year through accelerated transfers, the actual realization of the 4,008 million baht backlog remains subject to market conditions and the successful completion of future project phases.