The official earnings season for 2025 listed companies has begun, and as usual, TISCO consistently leads by releasing its financial statements for investors ahead of others.
TISCO reported a net profit of 6,658.90 million baht, a 3.5% decrease compared to the previous year. The main reason was a "high alert" stance, increasing provisions to 2.3 billion baht to mitigate risks from Thailand's still fragile economy.
TISCO Financial Group Public Company Limited (TISCO)... As the parent company of the TISCO business group, it reported to the Stock Exchange of Thailand net profit from core operations in 2025 totaling 6,318.66 million baht, primarily derived from dividend income and service fees from subsidiaries within the group.
Since TISCO Financial Group Public Company Limited operates as a holding company without other main businesses, the performance and financial analysis are based on consolidated financial statements, which include two main business groups: commercial banking and capital markets.
The company's net profit for 2025 was 6,658.90 million baht, down 242.38 million baht or 3.5% from 2024. The primary cause was an increase in expected credit loss (ECL) provisions to 1.0% of average loans, totaling 2,340.08 million baht, as part of a plan to restore provisioning to normal levels and to address risks from ongoing economic fragility.
Operating income grew 2.2% to 19,655.47 million baht, mainly due to an 8.8% increase in non-interest income, reaching 6,153.13 million baht, comprising:
Additionally, gains from financial instruments measured at fair value through profit or loss (FVTPL) increased compared to the previous year. However, the securities business weakened amid slower trading volumes on the Stock Exchange of Thailand.
Net interest income declined 0.5% year-on-year to 13,502.34 million baht due to four reductions in the Bank of Thailand’s policy interest rate and interest relief measures for vulnerable debtors under the “You Fight, We Help” program.
Despite ongoing economic fragility, the company effectively controlled expenses, reducing operating costs by 2.6% from the prior year.
The company continues cautious and prudent lending policies and assists debtors in line with the Bank of Thailand’s guidelines, resulting in improved non-performing loan (NPL) ratio at 2.28% and a coverage ratio of 172.1% for expected credit loss provisions against non-performing loans by the end of 2025.
Basic earnings per share for 2025 stood at 8.32 baht, down from 8.62 baht in 2024, with a return on average equity (ROAE) of 15.4%.
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