Dusit Thani Public Company Limited Reports THB 555 Million Net Profit in Q3 2026

Brickinfo News Agency – Dusit Thani Public Company Limited (DUSIT) returned to profitability in the third quarter of 2026, recording a net profit of THB 555 million compared to a net loss of THB 384 million in the same period last year. The financial turnaround was primarily driven by residential unit handovers at Dusit Central Park and increased revenue across its owned hotels in Thailand.

Total revenue for the third quarter reached THB 6,272 million, representing a 259.4% year-on-year increase. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose by 2,047.3% to THB 1,589 million. Quarter-on-quarter, total revenue grew by 72.6%, EBITDA increased by 108.8%, and net profit rose by 472.2%.

For the first nine months of 2026, DUSIT recorded total revenue of THB 13,175 million, up 126.5% year-on-year, alongside a net profit of THB 902 million, compared to a net loss of THB 627 million in the same period of 2025. Nine-month EBITDA increased by 354.0% to THB 3,210 million. Excluding foreign exchange movements and non-recurring items, the company posted a nine-month net profit of THB 836 million, compared to a net loss of THB 549 million a year earlier.

“Dusit Central Park was a major contributor to our performance in the third quarter, particularly as we began handing over units at Dusit Parkside alongside the ongoing handovers at Dusit Residences,” said Chanin Donavanik, Group Chief Executive Officer of Dusit Thani Public Company Limited. “As of 30 September 2026, approximately 98% of the residential development’s saleable area had been sold. During the first nine months of the year, we handed over residential units with a combined value of approximately THB 6,440 million.”

Chanin added that owned hotels in Thailand saw revenue per available room (RevPAR) increase by 24.3% year-on-year, supported by higher occupancy and average room rates at Dusit Thani Bangkok and Dusit Thani Laguna Phuket. The company also recorded a higher share of profit from DREIT and increased foreign exchange gains.

As of 30 September 2026, DUSIT’s portfolio comprised 316 properties—including 52 hotels and 264 villas—with 12,178 rooms across 19 countries. The company also reported ongoing operations across its food and education business units.

Addressing industry headwinds such as geopolitical uncertainty, global economic conditions, energy price fluctuations, travel costs, and hotel sector competition, Chanin stated that the company will continue monitoring market conditions. DUSIT maintained its full-year 2026 revenue growth forecast of 5–8%, excluding residential handover revenue from Dusit Central Park, with EBITDA projected to account for 18–20% of total revenue.