• AWC delivered growth in Q3/2026 with total revenue of THB 5,578 million, EBITDA of THB 2,695 million and net profit of THB 1,332 million, up 16.0% (YoY). The main drivers were strong growth in the Hospitality portfolio and the Commercial business, supported mainly by more quality tourists from around the world and the first revenue from newly opened hotels.
• Hospitality Business: Revenue of THB 3,312 million, up 16.5% (YoY), and EBITDA of THB 999 million, up 22.1% (YoY), with RevPAR of THB 4,014 per night, up 25.4% (YoY). This reflects the portfolio’s ability to meet demand for both meetings and conventions and luxury leisure travel in Bangkok and key tourist destinations.
• Lifestyle Commercial Business: Revenue of THB 2,184 million, up 23.1% (YoY), and EBITDA of THB 1,828 million, up 30.5% (YoY), driven by strong performance in the retail portfolio. Key contributors included revenue from the newly opened SkyFlyers: Wings of Garudapterus attraction and continued value appreciation across the lifestyle commercial asset portfolio.
• AWR REIT: Attracting strong interest from leading Thai and international institutional investors, AWR REIT has the potential to become one of Asia’s leading real estate investment trusts. Its planned IPO is expected to set a new benchmark for the Thai capital market as the largest REIT offering in Thailand’s history. The initial portfolio comprises five 100% freehold quality assets: Banyan Tree Krabi Resort, Banyan Tree Samui, Meliá Koh Samui, Pattaya Marriott Resort & Spa, and The Empire. Collectively, these assets recorded robust EBITDA growth of approximately 22% (YoY) in Q3/2026, continuing a strong growth trajectory of more than 20% per annum over the past two years under AWC’s asset management.

Bangkok, 12 November 2026 – Asset World Corp Public Company Limited (AWC), Thailand’s leading integrated lifestyle real estate developer, announced its Q3/2026 results. Total revenue was THB 5,578 million, up 7.4% (YoY). EBITDA was THB 2,695 million, up 7.4% (YoY), and net profit was THB 1,332 million, up 16.0% (YoY). Growth came from both hospitality and lifestyle commercial businesses. Hospitality was supported by demand from quality tourists worldwide and revenue from newly opened hotels. Commercial grew on the strength of its commercial property portfolio.

Mrs. Wallapa Traisorat, Chief Executive Officer and President of Asset World Corp Public Company Limited (AWC), stated:

“AWC’s commitment to creating long-term value alongside our partners is reflected in the strong growth of our operating performance in the third quarter of 2026. Through the development of AWC Lifestyle Destinations, we continue to build sustainable shared value by delivering memorable experiences for guests, creating benefits for communities, providing stable returns and growth for shareholders, and supporting Thailand’s position as a leading sustainable tourism destination. This is guided by our ‘Building Better Future’ vision, which underpins AWC’s approach to creating lasting value and sustainable growth for all stakeholders

AWC is deeply grateful for the cooperation and trust of our customers, shareholders, business partners, investors and financial institutions, as well as the dedication of AWC’s management and employees and all stakeholders who have helped build quality projects across Thailand.

Hospitality Business Delivers Outstanding Growth, Supported by Quality Tourists and New Hotels

The Hospitality Business generated total revenue of THB 3,312 million, up 16.5% (YoY), and EBITDA of THB 999 million, up 22.1% (YoY). This was driven by growth in quality tourists and partnerships with global partners that expanded the customer base. Average RevPAR was THB 4,014 per night, up 25.4% (YoY). All hotel segments contributed to growth. The MICE segment led, with RevPAR up 23.2% (YoY), driven by strong performance at existing hotels and the opening of Fairmont Bangkok Sukhumvit in August. Hotels in Bangkok recorded RevPAR growth of 17.1% (YoY), driven by quality tourist demand and more meetings and conventions. As a result, RevPAR for the Bangkok hotel portfolio rose 18.0% (YoY).

Fairmont Bangkok Sukhumvit

Hotels outside Bangkok grew strongly. RevPAR for luxury resorts and for hotels in tourist cities rose 20.8% (YoY) and 34.9% (YoY), respectively. Pattaya led with growth of 94% (YoY), driven by revenue from 2 new hotels opened last year. Chiang Mai grew 40% (YoY) on the recovery of short-haul tourists, particularly from China. Koh Samui, Krabi and Hua Hin recorded RevPAR growth of 24% (YoY), 18% (YoY) and 3% (YoY), respectively. These results reflect the strength of the asset portfolio in key tourist locations, which continues to attract quality tourists, supported by strong demand across all customer segments.

Meliá Pattaya Hotel, Thailand | InterContinental Chiang Mai The Mae Ping

Growth in the Hospitality business was supported by strong demand. Room nights and average daily rate (ADR) for the Retail and Corporate segments rose 26% (YoY) and 22% (YoY), respectively, while ADR for the Group segment rose 7% (YoY). These figures reflect the quality of demand and the effective revenue management of the hotel portfolio.

The Food and Beverage business generated revenue of THB 1,013 million, up 9.5% (YoY), accounting for 30% of Hospitality revenue. It was supported by Pattaya Marriott Resort and Spa and InterContinental Chiang Mai The Mae Ping, whose food and beverage revenue rose 135.0% (YoY) and 38.7% (YoY), respectively. EA Rooftop at The Empire grew 24.2% (YoY). These results reflect AWC’s ability to develop its assets into AWC Lifestyle Destinations and continue generating revenue from related businesses.

EA Rooftop at The Empire

Lifestyle Commercial Business Grows Strongly on Quality Shopping Centers and Office Buildings

The Lifestyle Commercial Business generated total revenue of THB 2,184 million, up 23.1% (YoY), and EBITDA of THB 1,828 million, up 30.5% (YoY). This was driven by the successful development of its assets into AWC Lifestyle Destinations, which continue to attract both Thai and international visitors.

Asiatique The Riverfront Destination

The Retail business was supported by the development of Asiatique the Riverfront Destination into a world-class lifestyle destination, including the opening of Jurassic World: The Experience and SkyFlyers: Wings of Garudapterus. In the first nine months of 2026, rental revenue at the project rose 9.2% (YoY) and visitor numbers grew 38% (YoY).

The Office business continued to generate cash flow. In the first nine months of 2026, revenue rose 1.5% (YoY), driven by added lifestyle experiences such as EA Rooftop at The Empire, shops and restaurants, and fully furnished office space that meets tenants’ needs. As a result, occupancy at The Empire rose to 74% at the end of Q3/2026.

AWC Sustains Growth and Builds New Opportunities for 2027

AWC will continue to drive business growth for the remainder of 2026 and into 2027. The Hospitality business is expected to benefit from international events that attract quality tourists to Thailand, such as the IMF meetings and the world-class music festival Tomorrowland, to be held on 11–13 December 2026 in Chonburi.

The Commercial business will also be supported by revenue from Jurassic World: The Experience and SkyFlyers: Wings of Garudapterus at Asiatique the Riverfront Destination, as well as the full launch of Better World Better Future at Hatch Dome. This attraction combines learning, entertainment and sustainability through immersive technology to broaden the visitor base and continue creating new revenue streams.

Meanwhile, the Office business will be supported by revenue from Jubilee Prestige Tower and the upcoming opening of EA Wellness Club at The Empire, which will become Thailand’s first integrated health and lifestyle destination. The first phase is expected to open at the end of this year, with the full opening in 2027, strengthening stable long-term cash flow.

Sustainable Growth Platform: AWC’s Full-Scale Sustainable Growth Model

AWC continues to drive its Sustainable Growth Platform, which links the development of Thailand’s business and tourism destinations with the effective management of a quality asset portfolio. AWR REIT, which is preparing for its initial public offering (IPO), is a key mechanism for managing assets and capital. It enhances financial flexibility, supports future growth and builds a foundation for AWC’s sustainable growth, while generating appropriate returns for shareholders.

Currently preparing for its initial public offering (IPO), AWR REIT serves as a key asset and capital management vehicle, enhancing financial flexibility, supporting future growth, and strengthening AWC’s foundation for sustainable long-term expansion. The platform enables AWC to efficiently recycle capital into new development opportunities while delivering appropriate returns to shareholders and creating lasting value for all stakeholders.

Under this approach, AWC serves as the Development Engine, continuously developing and adding value to the real estate in its portfolio to create quality business, tourism and lifestyle destinations. AWC’s Q3/2026 results reflect its ability to generate growth from quality assets while driving Thailand’s economy and tourism industry sustainably.

As AWC’s assets mature to generate stable income and recurring cash flows, AWR REIT becomes a key vehicle for investors to gain access to a portfolio of high-quality assets with strong long-term growth potential. The initial portfolio consists of five best-in-class assets located in strategic destinations, operated under world-class brands and holding leading positions in their respective markets: Banyan Tree Krabi Resort, Banyan Tree Samui, Meliá Koh Samui, Pattaya Marriott Resort & Spa, and The Empire. As 100% freehold assets, these properties benefit from perpetual ownership with no lease expiry, providing a strong foundation for sustainable value appreciation and long-term returns for unitholders.6

AWR is also supported by 11 leading financial institutions, including BofA Securities, Morgan Stanley, DBS, Mizuho, Siam Commercial Bank, Kasikornbank, Bangkok Bank, Krung Thai Bank, Bank of Ayudhya, TMBThanachart Bank, and UOB, reflecting strong confidence in its potential and a shared commitment to strengthening Thailand’s real estate industry and capital market.