Tisco Financial Group Public Company Limited (SET: TISCO) has announced its 2Q25 consolidated financial statement through the Stock Exchange of Thailand as follows:
| Quarter | 2Q25 | 2Q24 |
| Net Profit (Loss) Million Baht |
1,643.52 | 1,753.02 |
| Earning Per Share (Baht) |
2.0500 | 2.1900 |
| % Change | -6.25 | |
| 6 Month | 6M25 | 6M24 |
| Net Profit (Loss) Million Baht |
3,286.89 | 3,486.04 |
| Earning Per Share (Baht) | 4.11 | 4.35 |
| % Change | -5.71 | |
TISCO reported a net profit of 1,643.52 million baht, declined by 109.50 million baht or 6.2% compared to the second quarter of 2024, mainly due to a slowdown in total income.
In the second quarter of 2025, net interest income totaled 3,328.48 million baht, decreased by 58.97 million baht (1.7% YoY). Interest income totaled 4,584.98 million baht, decreased by 159.51 million baht (3.4% YoY) following a decline in floating lending rates aligning with the policy rate cut by the Bank of Thailand, together with the interest reduction for the vulnerable borrowers through “You Fight, We Help” program. Interest expense totaled 1,256.50 million baht, decreased by 100.53 million baht (7.4% YoY) following the deposit cost repricing amid interest rate downcycle.
Non-interest income totaled 1,465.35 million baht, decreased by 5.5% (YoY) caused by a slowdown in capital market businesses amid volatile market conditions. Meanwhile, brokerage fees totaled 104.89 million baht, dropped by 4.6% (YoY) following lower market trading volume.
Total loans and receivables as of June 30, 2025 totaled 235,511.85 million baht, increased by 1.9% (QoQ) and by 1.4% (YTD) primarily due to the growth in corporate loans.
Operating expenses totaled 2,189.87 million baht, declined by 2.3% (QoQ) and by 7.0% (YoY) resulting from an effective operating cost control and a decrease in variable expenses associated with profit reduction. The Company reported the cost-to-income ratio at 45.7%.
Expected credit loss (ECL) was reported at 558.77 million baht, increased from the previous quarter of 385.73 million baht (+44.9% QoQ) and from the second quarter of 2024 of 400.7 million baht (+39.5% YoY). ECL accounted for 1.0% of average loans and was set up according to a plan to resume a normalized provisioning level, as well as to cushion against the heightened risk from economic factors.
Additionally, non-performing loans (NPLs) remained within the projected range at 2.41%. The asset quality was affected by the slow economic growth and the high household debt problem.
TISCO stated that this ECL level was sufficient to cushion against any potential risks aligning with the Company’s prudent risk management policy, with a reported loan loss coverage ratio of 154.8%
