Supalai (SUPA), a major Thai residential developer, reported H1 2025 net profit of 2,049 million baht (+36% YoY) with revenue of 11,081 million baht (+4% YoY). The company is expanding aggressively with 19 new projects worth 22.66 billion baht planned for H2, targeting 27 billion baht annual revenue. Strong backlog of 15.38 billion baht and healthy debt ratio (57%) support continued growth. A 0.55 baht/share interim dividend was declared, signaling management confidence in execution.