News
“AIRA Group” Highlights Strength as the No. 1 Asset Holder in the mai Market, Announces 3 Strategic Drivers to Transform Business Model, Revolutionizing Operations and Pushing Real Estate Flagship to Generate Recurring Income
AIRA Capital Public Company Limited (AIRA Group) has declared strength, reaffirming potential as a Holding Company with total assets currently exceeding 9,487 million baht — the highest ranking No. 1 on the mai Market — reflecting stability and growth opportunities. In 2025 operational results demonstrate solid performance, as the company advances 3 Strategic drivers to accelerate business model, moving toward becoming a "Leading Comprehensive Financial and Real Estate Business Group," pushing its real estate flagship to generate Recurring Income and strengthen future growth opportunities.
Mrs. Nalinee Ngamsetthamat, Chief Executive Officer of AIRA Capital Public Company Limited (AIRA), disclosed that the company continues to execute its investment plan in line with its Holding Company policy, focused on building growth and diversifying toward stable and sustainable expansion. Operating as an Investment Holding Company, it is driven by two main groups: the comprehensive financial and investment business group — comprising securities, lending, and investment banking — and the real estate business group under AIRA Property Public Company Limited, which serves as the key flagship for generating Recurring Income through the development and management of premium commercial office buildings and hotel projects for the group's future business. This elevates the AIRA Group toward becoming a "Leading Comprehensive Financial and Real Estate Business Group," as reflected in its current total assets of over 9,487 million baht, ranking it as the No. 1 company by assets on the mai Stock Exchange in 2026, and positioning it as a company with strong potential to accommodate future expansion.
"AIRA Group is a financially stable company well-positioned to build on investments that support growth in both real estate and financial businesses. The company has world-class partners as business allies from leading companies in Japan, South Korea, and the United Kingdom, which serve as strong guarantors of AIRA Group's strength. The company is committed to continuously developing and expanding its customer base, while remaining open to negotiations and seeking Strategic Partners who share the same vision and goals, in order to jointly strengthen future growth potential."
Performance Results as of December 31, 2025
Real Estate Business: The company generated revenue from the premium office building Spring Tower, with occupancy rising to 94%, resulting in rental and service income increasing to 327 million baht — up 15 million baht from 312 million baht in 2024 — delivering significant profitability. The company has further room for expansion due to growing demand for office space following the construction of a new underground railway station with a direct entrance at the front of the building, enhancing convenience for tenants. Additionally, the company has commenced construction of an upper-upscale hotel on a prime location in the Silom area, which will further strengthen the business going forward.
Hire Purchase and Leasing Business: This segment has shown continuous growth, with the loan portfolio expanding from 1,272 million baht to 1,505 million baht in 2025, particularly in used truck hire purchase loans and project finance loans, supporting steady revenue growth.
Factoring Business: For 2025, total revenue reached 249.13 million baht. Although factoring interest income declined slightly in line with market conditions, interest income from other types of lending grew to 35.75 million baht, reflecting success in diversifying revenue sources. Meanwhile, financial costs decreased to 29.7% through efficient management and the benefit of policy interest rate cuts, resulting in a gross profit of 173.86 million baht, or 70.1%.
AIRA & Aiful Company Limited (A&A): As a joint venture partner in A&A, AIRA recognized a share of profit of 37 million baht.
Securities Business: Despite a decline in brokerage and interest income in line with a lower average trading volume in the market, the company continued to manage credit risk prudently, recording brokerage income of 187 million baht and interest income of 61 million baht.
3 Strategies Through the Business Growth Model
AIRA Group has established 3 Strategies as part of its business growth model:
Strategic Recurring Income: Focused on investing in assets that generate stable recurring income and continuous cash flow, driven by the real estate business under "AIRA Property" — including Grade A office buildings and the development of an Upper-Upscale hotel project adjacent to the BTS/MRT in the heart of Silom, standing 30 floors with 300 rooms, valued at 2,300 million baht. Most recently, the company has signed an agreement appointing global hotel chain "Hilton" to manage the major hotel project "DoubleTree by Hilton Bangkok Silom," expected to be completed and operational by 2029.
Asset Light & Synergy: Leveraging the AIRA Group's financial expertise and strength to expand the real estate business in collaboration with leading business partners, including fundraising through stock exchange listing and planning to establish a Real Estate Investment Trust (REIT) to enhance future investment potential.
IPO: Aimed at bringing "AIRA Property" to raise funds and list on the Stock Exchange of Thailand. Through this strategic plan, the company is confident it will create growth opportunities for AIRA Group, generating added business value and delivering long-term investment returns to shareholders.