Prepares for the Establishment of a Real Estate Investment Trust (REIT) to Further Strengthen Thailand’s Growth and Investment Potential

Q2/2026 Highlights

• Total revenue reached THB 5,502 million, increasing 5.6% YoY, while net profit reached THB 1,468 million, increasing 4.6% YoY, reflecting the strength of AWC’s balanced revenue portfolio across its Hospitality and Commercial businesses.
• The Hospitality business generated revenue of THB 2,761 million, increasing 5.7% YoY, with EBITDA of THB 742 million, increasing 9.7% YoY. EBITDA margin improved from 25.9% to 26.9%, reflecting the recovery of hotels in Bangkok and continued growth of luxury resorts and hotels in key tourism destinations. Meanwhile, the Commercial business generated revenue of THB 2,517 million, increasing 13.4% YoY, with EBITDA of THB 2,137 million, increasing 13.2% YoY, driven primarily by AWC’s Lifestyle Destination strategy and the strong performance of Asiatique The Riverfront Destination.
• AWC is studying the establishment of a Real Estate Investment Trust (REIT) to further expand its long-term growth platform by connecting AWC’s expertise in creating and developing quality destinations and assets with a REIT platform for operating assets with recurring income-generating potential. The initial value of assets to be transferred to the REIT is expected to be within a limit of THB 50 billion, providing investors with access to a quality real estate portfolio while supporting AWC’s continued growth and expanding investment opportunities in Thailand’s capital market.

14 August 2026, Bangkok, Thailand - Mrs. Wallapa Traisorat, Chief Executive Officer and President of Asset World Corp Public Company Limited (AWC), announced the Company’s Q2/2026 performance, reflecting quality growth across its Hospitality and Commercial business portfolios under the Sustainable Growth-led Strategy. The performance was supported by the continued development of quality assets in key destinations across Thailand, alongside the creation of lifestyle, tourism, and living experiences that respond to demand from high-quality customers around the world.

The Company recorded total revenue of THB 5,502 million, increasing 5.6% YoY, and net profit of THB 1,468 million, up 4.6% YoY, while EBITDA reached THB 2,850 million, increasing 4.6% YoY. Growth was supported by stronger performance across both core businesses. The Hospitality business benefited from the recovery of hotels in Bangkok, together with strong performance from luxury resorts and hotels in key tourism destinations outside Bangkok, alongside effective cost management. Meanwhile, the Commercial business delivered strong performance across both retail and office properties.

“Our performance this quarter reflects our business plan focused on driving continued growth through the Sustainable Growth-led Strategy, with a focus on building a strong and sustainable Hospitality and Commercial portfolio. AWC continues to launch and develop quality projects to drive growth across revenue and profitability while managing our financial structure efficiently to support our future operating objectives.

At the same time, we remain focused on creating lifestyle destinations and strengthening collaboration with global partners to create distinctive experiences that contribute to Thailand’s position as a world-class destination for quality tourism and lifestyle, while delivering sustainable value for our shareholders, business partners, and stakeholders.”

Hospitality Business Delivers Strong Recovery, Supported by Quality Tourism and Continued Growth of Luxury Resorts and Hotels in Key Tourism Destinations, Reinforcing the Strength of AWC’s Balanced Portfolio

‘EA’ Rooftop at The Empire

Meliá Pattaya Hotel, Thailand

The tourism industry is expected to improve further in the second half of the year, supported by government tourism stimulus measures. AWC continues to drive growth through collaboration with global partners to expand its base of high-quality customers.

In Q2/2026, the Hospitality business generated revenue of THB 2,761 million, increasing 5.7% YoY, supported by the recovery of hotels in Bangkok alongside continued growth from luxury resorts and hotels in key tourism destinations. Revenue per available room (RevPAR) recorded strong year-on-year growth across several destinations. Pattaya achieved RevPAR growth of 169%, driven by the continued growth of two new hotels that opened in 2025. Chiang Mai maintained strong momentum with RevPAR growth of 31%, while Koh Samui continued to attract high-quality travelers, with RevPAR increasing 10%.

This growth was driven not only by the expansion of the business portfolio but also by the performance of operating assets. Revenue from assets under normal operations increased 7.4% YoY, while EBITDA from the Hospitality business reached THB 742 million, increasing 9.7% YoY and growing faster than revenue. As a result, EBITDA margin improved from 25.9% to 26.9%, reflecting continued effectiveness in cost management and the profitability of the hotel portfolio.

Revenue from AWC’s Food & Beverage portfolio reached THB 900 million in the quarter, increasing 7.3% YoY. ‘EA’ Rooftop at The Empire generated revenue of THB 116 million, increasing 32.3%, reflecting the success of AWC’s development of dining destinations.

Commercial Business Delivers Strong Growth Driven by the Performance of Asiatique The Riverfront Destination, Including Jurassic World: The Experience, SkyFlyers: Wings of Garudapterus, and Better World Better Future

The World’s First Sustainable Cross-River Cable Car

Asiatique The Riverfront Destination

AWC continues to drive the growth of its Commercial business through the “AWC’s Lifestyle Destination” strategy, transforming commercial properties into lifestyle destinations that attract visitors, increase dwell time and spending within the projects, and create revenue opportunities for tenants and business partners. As a result, the Commercial business generated revenue of THB 2,517 million, increasing 13.4% YoY, with EBITDA of THB 2,137 million, increasing 13.2% from the same period last year.

Fairmont Bangkok Sukhumvit

In the second half of 2026, AWC will continue to drive growth across its Hospitality and Commercial businesses through the launch of new projects and collaboration with global partners to create diverse destinations and experiences while attracting high-quality travelers from around the world.

The Company is preparing to open Fairmont Bangkok Sukhumvit, the first Fairmont-branded hotel in Thailand, and Moxy Pattaya The Aquatique, in collaboration with Marriott International. At the same time, AWC continues to develop world-class experiences through collaborations with Universal Destinations & Experiences, including “Kung Fu Panda” in the heart of Yaowarat and “DreamWorks Water Park” along Pattaya Beach. In collaboration with EMM Williams Productions, AWC is also preparing to launch “Avatar: Guardians of EYWA, THE MAGIC WALK™” at Asiatique The Riverfront Destination in 2027. AWC is also advancing future-focused destinations along the Chao Phraya River, including the World’s First Sustainable Cross-River Cable Car and MONA Bangkok, developed in collaboration with Museum of Old and New Art (MONA), the renowned contemporary art and cultural museum from Australia. In addition, AWC Riverside Journey, a luxury destination connecting 11 AWC Lifestyle Destinations along the Chao Phraya River, will bring together distinctive tourism, lifestyle, cultural, and leisure experiences to further strengthen Thailand’s position as a world-class tourism and lifestyle destination and support the sustainable growth of Thailand’s tourism industry.

AWC Riverside Journey

Driving Sustainable Growth to Create Long-Term Value

AWC drives its business under the mission of “Building Better Future” through the 3BETTERs framework - Better Planet, Better People, and Better Prosperity - integrating sustainability into its business operations, asset development, and destination creation to create shared value for stakeholders alongside the sustainable growth of the business.

This approach continues to receive international recognition. AWC has been included in the Fortune Southeast Asia 500, ranked among the Top 1% for the fourth consecutive year, included in the Dow Jones Best-in-Class Index (DJ BIC) for Emerging Markets for the fourth consecutive year, and included in the S&P Global Sustainability Yearbook 2026 for the fifth consecutive year.

AWC also achieved a 100% score in the 2026 AGM Checklist for the fifth consecutive year, reflecting the Company’s sustainability and corporate governance standards, as well as its commitment to creating long-term value for stakeholders and supporting the sustainable growth of the business.

AWC Expands Its Growth Platform, Studying the Establishment of a Real Estate Investment Trust (REIT) to Connect Quality Assets with Long-Term Investment Opportunities

Building on the strength of AWC’s real estate portfolio and its expertise in creating and developing destinations, the Company is studying and preparing for the establishment of a Real Estate Investment Trust (REIT) as another important platform to support AWC’s growth.

The proposed platform would connect AWC’s capabilities in developing and creating value for assets with investment opportunities in operating assets that have recurring income-generating potential.

Under this approach, AWC will continue to create, develop, and expand its portfolio of projects and destinations in strategic locations across Thailand, drawing on its expertise in real estate development and asset management, as well as collaboration with global partners, to continuously create value for its assets.

Meanwhile, the REIT currently under study and preparation would provide a platform for operating assets with income-generating potential, while creating opportunities for domestic and international investors to access a portfolio of hotel and commercial real estate assets in Thailand.

The connection between the two platforms would support a continuous growth cycle. Value created from the assets can strengthen AWC’s capacity to develop new projects and destinations, while the REIT would have the opportunity to grow through assets developed by AWC in the future.

This approach would help enhance AWC’s financial flexibility and capital structure efficiency while expanding investment choices in the capital market and creating long-term value for shareholders and investors.

The Company’s Board of Directors has approved the establishment of Asset World Corp REIT Co., Ltd. to serve as the REIT manager and has approved in principle the Company’s study and preparation for the establishment of the REIT, in order to prepare the operating and governance structure for the proposed platform.

The Company is currently considering the assets that may be transferred to the REIT. If the establishment of the REIT proceeds as planned, the initial value of assets to be transferred to the REIT is expected to be within a limit of THB 50 billion, representing a transaction size of no more than 25% of the Company’s total assets based on its Q2/2026 financial statements.

Details remain subject to the results of the study, the specific assets involved, market conditions, and approvals from the relevant authorities and authorized parties.