Tisco Financial Group Public Company Limited (SET: TISCO) has announced its 3Q25 consolidated financial statement through the Stock Exchange of Thailand as follows:
| Quarter | 3Q25 | 3Q24 |
| Net Profit (Loss)
Million Baht |
1,730.23 | 1,713.43 |
| Earning Per Share
(Baht) |
2.1600 | 2.1400 |
| % Change | 0.98 | |
| 9 Months | 2025 | 2024 |
| Net Profit (Loss)
Million Baht |
5,017.12 | 5,199.47 |
| Earning Per Share (Baht) | 6.2700 | 6.4900 |
| % Change | -3.51 | |
During the third quarter of 2025, TISCO reported a net profit of 1,730.23 million baht, an increase of 16.79 million baht or 1.0% compared to the third quarter of 2024. Total income grew by 10.1% (YoY). Net interest income increased by 1.3% (YoY) following the repricing of the cost of funds, aligning with interest rate downcycle.
Banking fee income improved by 16.9% (YoY) following a recovery in bancassurance business, aligning with the increasing new business volume, as well as higher loan-related fees. Asset management basic fee rose by 11.4% (YoY) owing to new mutual fund issuances during the quarter.
Moreover, gains on financial instruments measured at fair value through profit or loss (FVTPL) increased (YoY) in relation to higher market value. On the contrary, brokerage fees decreased (YoY) following lower market trading volume. In this quarter, expected credit loss (ECL) increased to 1.4% of average to cushion against risks from fragile economy. The Company still maintained effective cost control, resulting in a decline in operating expenses by 0.3% (YoY).
Compared to the second quarter of 2025, net profit of the Company increased by 86.71 million baht or 5.3% (QoQ), driven by a growth in total income by 10.0% (QoQ) from all areas. Net interest income grew by 3.0% (QoQ) from declining fund cost, aligning with interest rate downcycle.
Fee income exhibited growth in the banking business as the bancassurance business continued to expand, along with higher new business volume. Moreover, capital market conditions improved from the previous quarter, leading to a growth in brokerage fees and asset management basic fees. The gain on financial instruments measured at fair value through profit or loss (FVTPL) also increased (QoQ). Operating expense increased by 4.4% (QoQ), while expected credit loss (ECL) increased to cushion against various economic risks.
The net profit for the first 9 months of 2025 was reported at 5,017.12 million baht, a decline of 182.35 million baht or 3.5% (YoY), caused by an increase in expected credit loss (ECL) to 1.0% of average loans as part of a plan to resume the normalized provisioning level and to cushion against risks from fragile economy. Net interest income dropped by 0.8% (YoY) due to the policy rate cut by the Bank of Thailand in total of 4 times and the interest reduction for vulnerable borrowers in the “You Fight, We Help” program.
On the contrary, non-interest income rose by 9.4% (YoY) from a growth in banking fees by 8.8% following bancassurance business recovery and higher loan fees. Asset management basic fee also grew by 7.1% (YoY), aligning with AUMs growth, and the record of gain on financial instruments measured at fair value through profit or loss (FVTPL) improved (YoY). Meanwhile, brokerage fee income weakened due to lower market trading volume. During this fragile economy, the Company continued to maintain effective operating cost control, with operating expenses dropping by 2.8% (YoY).
