Frasers Property Thailand Holds 2025 Annual General Meeting, Announces Dividend of 0.31 Baht per Share

BANGKOK, January 15, 2025 -- Frasers Property (Thailand) Public Company Limited or "FPT", Thailand’s first and leading fully integrated real estate company with a portfolio spanning residential, industrial, and commercial properties, successfully held and concluded its 2025 Annual General Meeting (AGM) today. the Board of Directors, presented the operational results for the 2024 fiscal year (October 2023 - September2024). The company maintained steady growth with total FY24 net revenue of 14,566 million baht, a decrease of 13.3% from the previous year, resulting in a FY24 net profit of 1,467 million baht, representing a 10.1% net profit margin of total revenue.

In spite of macroeconomic challenges faced by the residential business segment, the company maintained stable performance. This was attributable to strong recurring rental income from its diversified portfolio that includes factories, warehouses, hotels, retail spaces, and Grade A office buildings, which maintained an average occupancy rate of 90%. At the 2025 AGM, FPT declared a dividend of 0.31 baht per share, to be paid to shareholders on 11 February 2025.

FPT remains committed to maintaining and improving its operational performance while considering all key stakeholders, guided by its Purpose – Inspiring experiences, creating places for good. The company continues to operate in accordance with its sustainability policies and has received certifications from leading organisations both in Thailand and internationally. Most recently, FPT’s ambitious target to achieve net-zero carbon emissions by 2050, encompassing Scopes 1, 2, and 3 emissions, has been validated and approved by the Science Based Targets initiative (SBTi), making it the first real estate company in Thailand to achieve this milestone.

The company also achieved an AA rating in the SET ESG Rating from the Stock Exchange of Thailand, as well as the highest "Excellent" or 5-star Corporate Governance Rating for the fifth consecutive year from the Thai Institute of Directors (IOD). FPT also received the highest "A" rating for sustainability disclosure from GRESB, reflecting its commitment to sustainable and transparent business operations across all dimensions.

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