The core business of the company and its subsidiaries is real estate development for sale. Other businesses of the group include retail, building management and maintenance services, real estate leasing and services, and the management of multi-purpose convention and exhibition centers.
| 6M26 | 6M25 | 2025 | 2024 |
|---|
| Revenues | 2,282.64 | 2,666.64 | 5,201.93 | 4,157.72 |
| Expenses | 2,063.44 | 2,298.55 | 4,519.51 | 3,584.80 |
| Net Profit (Loss) | 8.99 | 146.76 | 656.12 | 957.56 |
| Assets | 69,016.79 | 68,007.22 | 69,518.75 | 68,250.72 |
| Liabilities | 12,010.72 | 11,417.26 | 12,336.65 | 11,677.19 |
| Shareholders' Equity | 48,653.54 | 48,289.48 | 48,818.06 | 48,316.23 |
| Operating | 371.33 | 522.77 | 1,469.06 | 409.85 |
| Investing | -337.14 | 5.39 | -325.71 | 479.92 |
| Financing | -552.59 | -498.74 | -781.52 | -587.03 |
| EPS (Baht) | - | 0.01 | 0.04 | 0.06 |
| GP Margin (%) | 42.85 | 38.90 | 40.24 | 40.60 |
| NP Margin (%) | 12.72 | 16.14 | 23.33 | 33.44 |
| D/E Ratio (x) | 0.21 | 0.20 | 0.22 | 0.21 |
| ROE (%) | 1.07 | 2.62 | 1.35 | 2.05 |
| ROA (%) | 3.11 | 3.59 | 3.41 | 2.86 |
Bangkok Land Public Company Limited and its subsidiaries have a long-term objective to create and deliver high-quality projects utilizing modern technology, ensuring maximum benefit for all stakeholders, including shareholders, customers, business partners, and company personnel. This is achieved by focusing on value creation across various projects, encompassing residential developments, commercial buildings, and retail spaces, thereby perfectly addressing the needs of all parties and fostering permanent and sustainable business partnerships.
The company is committed to conducting business in accordance with sustainable development guidelines, aligning with good corporate governance principles, considering the impact on all stakeholder groups, and creating a balance between internal and external environments throughout the business value chain, covering corporate governance, economic, social, and environmental issues.
• Sustainable MICE industry development plan
• Continuously implement energy reduction initiatives
• Long-term goal: Smart City development
As a result of its operations, Mori Condominium Muang Thong Thani has currently achieved over 80% sales closure. Furthermore, a lease agreement for office space at the Cosmo Office Park project has been signed with 3BB, effective from 2025 for a period of 9 years, in accordance with the project plan.
The operating results of the company and its subsidiaries for the second quarter of fiscal year 2025/2026, ended September 30, 2025, reported a net loss attributable to the parent company of 86 million Baht, compared to a net profit of 66 million Baht in the same period of the previous year. Revenue from real estate sales before intercompany eliminations amounted to 196 million Baht, a decrease from 628 million Baht in the same period of the previous year, representing a reduction of 432 million Baht or 68.8%. This was primarily due to a decrease in condominium transfers.
• In 1999, IMPACT Exhibition Management Co., Ltd. was established to oversee and manage the IMPACT Muang Thong Thani Exhibition and Convention Center.
• In 2025, the Muang Thong Thani electric train extension commenced operation.
The company has a Risk Management Committee responsible for overseeing various risks across the organization. Each department is assigned to manage, inspect, monitor, and evaluate risks that could impact the achievement of the company's vision, objectives, goals, or operational strategies, thereby minimizing the company's operational risks. The primary risks include: operational risk, product demand risk, financial risk, cyber risk, and sustainability risk.
• BLAND passed the CGR Checklist assessment with a 'Good' rating.
• BLAND passed the AGM Checklist assessment with a 'Fair' rating.
• BLAND Mori Condominium, Muang Thong Thani, Chaengwattana, received EIA (Environmental Impact Assessment) certification.
• IMPACT received the HR Management Award at the UFI Awards 2024.
• IMPACT received the Thailand MICE Venue Standard award for 3 consecutive years.
• IMPACT received the Safety & Health Administration (SHA) certification for tourists.
• IMPACT received TIS 22300 MICE Security Management certification.
• IMPACT received ISO 50001 Energy Management certification.
• IMPACT received ISO 22000 Safety Management certification.
| as of 30/09/25 | BLAND | PROP | SET |
|---|---|---|---|
| P/E (X) | 13.12 | 13.10 | 16.67 |
| P/BV (X) | 0.18 | 0.80 | 1.21 |
| Dividend yield (%) | 1.96 | 4.90 | 3.67 |
| 30/09/25 | 31/03/25 | 29/03/24 | |
|---|---|---|---|
| Market Cap (MB) | 8,849.84 | 7,288.10 | 12,146.84 |
| Price (B/Share) | 0.51 | 0.42 | 0.70 |
| P/E (X) | 13.12 | 6.43 | 20.98 |
| P/BV (X) | 0.18 | 0.15 | 0.27 |
