The company operates as a Holding Company by holding shares in subsidiaries engaged in the development of both low-rise and high-rise residential projects. It also expands into new businesses, including international schools, community malls, and the value-added development of non-performing assets (NPA), to strengthen the ecosystem around its projects and support sustainable long-term revenue growth.
| 2025 | 2024 | 2023 | 2022 |
|---|
| Revenues | 2,117.56 | 1,366.02 | 1,124.91 | 1,541.52 |
| Expenses | 1,823.35 | 1,187.72 | 882.80 | 1,171.26 |
| Net Profit (Loss) | 226.28 | 140.56 | 180.51 | 280.92 |
| Assets | 5,932.48 | 4,818.41 | 3,966.21 | 3,338.88 |
| Liabilities | 3,280.62 | 2,362.37 | 1,572.94 | 1,169.48 |
| Shareholders' Equity | 2,649.68 | 2,452.85 | 2,390.08 | 2,166.39 |
| Operating | 332.48 | -2.10 | -552.26 | -69.47 |
| Investing | -457.31 | -217.66 | -34.52 | 0.04 |
| Financing | 189.17 | 179.02 | 588.96 | 136.00 |
| EPS (Baht) | 0.15 | 0.09 | 0.15 | 25.69 |
| GP Margin (%) | 41.20 | 40.15 | 46.94 | 44.37 |
| NP Margin (%) | 10.69 | 10.29 | 16.08 | 18.28 |
| D/E Ratio (x) | 1.24 | 0.96 | 0.66 | 0.54 |
| ROE (%) | 8.87 | 5.80 | 7.92 | 12.97 |
| ROA (%) | 5.47 | 4.06 | 6.63 | 11.09 |
In 2026, the company plans to launch new projects in the Premium Segment in prime locations in Chiang Mai Province, while expanding investments from Lanna to Phuket and Koh Samui. This expansion aims to capitalize on growth opportunities in the tourism and long-term residential markets, with a focus on developing projects under the EDGE (Green Building) standard, coupled with offering value for money, to enhance the quality and sustainability of the projects. and expanding its portfolio
"from real estate to international schools and community malls."
- The company has a backlog totaling over 3,170 million Baht, supporting continuous future revenue recognition.
- The company participated in the Jump+ program of the Stock Exchange of Thailand to enhance its growth potential and operational efficiency in the long term.
For the year ended December 31, 2025, the Company had total sales revenue of 2,108.25 million Baht, an increase of 745.60 million Baht or 54.72 percent, compared to the same period of the previous year, which had total sales revenue of 1,362.65 million Baht.
Began recognizing educational fee revenue totaling 10.77 million Baht from Mill Hill International School Thailand, which commenced its first academic term in September 2025. The community mall project, THE BACKYARD, has fully commenced operations on February 14, 2026, with over 80% of its retail spaces leased, which will contribute to a stable revenue stream for the company. The Areez Vibe Phuket project, a high-rise condominium and another flagship project of the company, has achieved cumulative sales of 320 units as of Q4 2025, representing 76.01% of the total units available for sale, with a total cumulative sales value of 1,107.98 million Baht. The transfer of ownership is scheduled to commence in Q4 2026.
Given that the company operates as a property developer for sale, and has historically developed projects exclusively in Chiang Mai Province, the company has expanded into major provincial cities in other regions, such as Phuket Province and Koh Samui District, Surat Thani Province, to manage risks and enhance opportunities and growth potential. These are diverse markets with high growth potential in the future. Furthermore, the company has explored and expanded into new businesses related to and continuous with its core business, namely Mill Hill International School Thailand and The Backyard Mahidol community mall project.
Ornsirin achieves 5-star CGR The company reaffirms its leading corporate governance standards by achieving an "Excellent (5-star)" result in the latest CGR assessment, reflecting its commitment to corporate governance, transparency, accountability, and building long-term confidence for shareholders and stakeholders.
| as of 30/12/25 | ORN | PROP | SET |
|---|---|---|---|
| P/E (X) | 4.92 | 12.87 | 15.44 |
| P/BV (X) | 0.40 | 0.74 | 1.19 |
| Dividend yield (%) | 2.90 | 5.14 | 3.71 |
| 30/12/25 | 30/12/24 | 28/12/23 | |
|---|---|---|---|
| Market Cap (MB) | 1,035.00 | 1,065.00 | 1,590.00 |
| Price (B/Share) | 0.69 | 0.71 | 1.06 |
| P/E (X) | 4.92 | 13.65 | 4.87 |
| P/BV (X) | 0.40 | 0.45 | 0.67 |
