XPG Reports THB106 Million of Net Profit in 2023 from Increasing Income and Gain from Investment

XSpring Capital Public Company Limited (SET: XPG) has announced its 2023 consolidated financial statement through the Stock Exchange of Thailand as follows;

Year 2023 2022
Net Profit (Loss)

Million Baht

106.10 -171.12
Earning Per Share


0.0113 -0.0184


XPG reported a net profit of Baht 106.09 million, compared with the same period last year which reported net loss of Baht 171.12 million, increasing in profit by Baht 277.21 million.

Total revenues were Baht 621.71 million, increasing by Baht 530.14 million. The increase was mainly from the details as follows:

  • Fee and service income of Baht 87.17 million increased by Baht 50.49 million mainly from an increase in fee and service income from asset management business of XSpring Asset Management Co., Ltd. and XSpring Digital Co., Ltd., the subsidiaries.
  • Interest income of Baht 466.88 million increased by Baht 334.61 million mainly from interest income from loans to non-related parties and investments of Baht 281.94 million and interest income from loans to the purchase of debtors of Baht 48.95 million from XSpring AMC Asset Management Co., Ltd., a subsidiary.
  • Gain from investment of Baht 16.36 million which decreased in loss from investment by Baht 122.24 million mainly from a realized loss and unrealized loss on investment unit trusts last year from Asian and Developed Markets due to the volatility of both domestic and international markets, essentially the United States. However, the Company has adjusted its investment portfolio by investing in debt and equity instruments as well as lending more loans this year, resulting in lower investment losses.

The Board of Directors came to a resolution that the company will omit its dividend payout for the operations of last year.