ORI : ORIGIN PROPERTY PUBLIC COMPANY LIMITED
YE/2025 (Jan - Dec 2025)
Business Overview

Property development business including condominium along sky train stations in Bangkok Metropolitan Region and related services which are rental & re-sale and condominium project management services only for the projects of the Company.

Financial Statement
2025 2024 2023 2022
Income Statement (MB)
Revenues 8,678.07 11,106.63 14,095.30 14,579.05
Expenses 8,060.66 9,904.59 10,759.42 10,608.10
Net Profit (Loss) 719.94 1,051.79 2,718.23 3,774.54
Balance Sheet (MB)
Assets 63,713.77 64,809.48 65,230.43 48,091.15
Liabilities 41,733.29 43,527.07 44,132.57 28,157.82
Shareholders' Equity 20,367.32 19,331.83 19,051.01 18,132.18
Cash Flow (MB)
Operating 446.10 2,640.78 -7,040.26 -3,600.78
Investing 1,308.96 -3,236.45 -4,718.03 -3,523.03
Financing -2,720.26 543.18 10,068.80 8,340.77
Financial Ratio
EPS (Baht) 0.29 0.43 1.11 1.54
GP Margin (%) 31.35 37.82 46.26 43.20
NP Margin (%) 9.04 11.19 22.42 28.89
D/E Ratio (x) 1.90 2.05 2.09 1.41
ROE (%) 3.63 5.48 14.62 22.83
ROA (%) 2.75 3.48 7.81 13.29
Business Plan

Sustainable Development Plan

Business Highlight

Performance and Analysis
Business Performance Summary

The Group performance for the year ended December 31st, 2025. Real estate transferred activities of condominium and housing estate amount of 13,440.1 million baht. As results of transferred activities from The Group amount of 5,340.5 million baht and joint ventures company amount of 8,099.5 million baht. The resulting in gain from investments in joint ventures amount of 646.7 million baht (51% shareholding proportion)

In addition, the operating results for the third quarter of 2025. The Group generated total revenue amount of 9,223.4 million baht, decrease of 2,762.0 million baht, or 23.0% compared to the same period of the previous year, resulting in the profit attributable to equity holders of the company amount of 719.9 million baht, decrease of 331.9 million baht, or 31.6% compared with the same period of the previous year.

The Group maintained strong sales (Presales) for both landed property and condominium projects, with total sales reaching 25,000.0 million baht. This performance increased the backlog to 36,518.0 million baht, securing continuous revenue recognition over the next four years. A key highlight during the year was the success of the Origin Residence Phuket Bangtao project, which achieved 500.0 million baht in sales via Online Booking within just 24 hours. The foreign customer backlog totaled over 6,500.0 million baht, with The Group continuing to focus on expanding this segment. For 2026, The Group is prepared to deliver 7 newly completed condominium projects with a combined value of over 14,440.0 million baht. Currently, over 10,000.0 million baht, or 70.0% of the project value, is already secured by bookings awaiting ownership transfer, which will be the primary driver for achieving The Group’s revenue targets.

In 2025, The Group successfully achieved total Presales of 24,942.0 million baht from both landed property and condominium projects. This includes 20,327.0 million baht from the condominium segment, operated under Origin Vertical Corporation Co., Ltd. (“ORIGIN VERTICAL”), representing 81.0% of total sales. The landed property segment, operated under Britania PCL (“BRI”), contributed 4,615.0 million baht, representing approximately 19.0%.

Key Milestones
Risk Management Policy
Recent Awards and Recognitions

Revenue Structure
Revenue from sales 63.6% Service income 18.4% Revenue from hotel and rental 5.3% Others 12.7%
Stock Information
SET / PROPCON / PROP
Closing price ORI SET index 5.00 2.50 0.00 1424.00 1270.67 1117.33 964.00 2-1-25 31-3-25 3-7-25 1-10-25 30-12-25
as of 30/12/25 ORI PROP SET
P/E (X) 12.60 12.87 15.44
P/BV (X) 0.22 0.74 1.19
Dividend yield (%) 1.17 5.14 3.71
30/12/25 30/12/24 28/12/23
Market Cap (MB) 4,392.88 8,883.92 20,737.33
Price (B/Share) 1.79 3.62 8.45
P/E (X) 12.60 6.51 5.60
P/BV (X) 0.22 0.45 1.09
CG Report:
Company Rating:
Major Shareholders
as of 30/12/2025
MR. PEERAPONG JAROON-EK (29.68%)
PEERADA CAPITAL CO., LTD (25.21%)
MRS. ARADA JAROON-EK (10.68%)
MR. WATTANA HENGKIETTISAK (1.45%)
MR. SAKCHAI SAKCHAICHAROENKUL (0.94%)
Others (32.04%)
Company Information and Contact
https://origin.co.th/
0-2030-0000
496 Moo.9 Samrong Nuae District, Muaeng Samutprakarn Samut Prakarn 10270
Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp?txtSymbol=ORI
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Published on 12/03/2026