- KTC announced the group’s net profit for the 9 month period of 5,707 million baht, with total loan portfolio of 106,913 million baht, reflecting financial strength. Net profit from core businesses continued to grow, demonstrating effective management and cost control.
- Under the strategy of driving the organization with data and digital technology, KTC is accelerating the development of platforms and service systems to enhance member experiences, increasing service agility, carefully managing asset quality to maintain the long-term stability of the loan portfolio, and creating sustainable strength in all dimensions.
Mrs. Pittaya Vorapanyasakul, President & Chief Executive Officer of Krungthai Card Public Company Limited (SET: KTC), stated, “Thailand economy is expected to slow down in the final quarter of 2025, with potentially last until 2026 mainly due to the impact on the export sector from US tariffs. This economic uncertainty has led to a contraction in the consumer finance industry and consumers remain cautious on spending.”
“Amidst the challenges and pressures from the global economic situation and domestic economic uncertainty, KTC is still able to generate strong performance through asset quality management and digital platform development and increase its market share in all main product groups. In the first 8 months of 2025 compared to the same period of 2024, credit card receivables had a market share of 14.5% (increased from 14.2%), card spending had a market share of 13.4% (increased from 12.8%), and personal loan receivables had a market share of 4.2% (increased from 4.0%).”
“KTC Group maintained a stable total revenue base compared to the same period in 2024 with Q3/2025 amounted to 6,906 million baht (a 0.2% increase) driven by interest income in response to portfolio expansion, higher card spending volume and efficient expense management. Total expenses were 4,343 million baht (a 4.0% decrease) mainly from a decrease in expected credit losses, deriving from good asset quality management and lower finance costs. As such, the group’s net profit in Q3/2025 equaled to 1,951 million baht (a 1.7% increase), and for the first 9 months equaled to 5,707 million baht (a 2.8% increase). KTC still maintains strong and adequate reserves, reflecting by the Group’s NPL ratio not exceeding the target rate. Nevertheless, KTC continues to closely monitor economic environment to assess the situation and conduct business cautiously and prudently.”
“Regarding the progress of KTC’s insurance brokerage business (life and non-life insurance) as approved by the Extraordinary General Meeting of Shareholders No.1/2025, KTC obtained a license to operate as a non-life insurance and life insurance broker from the Office of Insurance Commission (OIC), and acknowledged the Bank of Thailand through Krungthai Bank regarding the amendment to the Company’s operational objectives. KTC is currently preparing various job functions, including building partnerships with non-life and life insurance companies to efficiently offer a wide range of insurance products through KTC’s various channels, focusing on utilizing technology to meet customers’ needs, enhancing advice, and managing customer data securely. Starting with offering insurance products and benefits to KTC credit card and personal loan customers to create new business opportunities and increase fee income from offering insurance products. KTC has launched its insurance brokerage business as a new venture, focusing on gradual and prudent growth, coupled with responsible expanding its loan white prioritizing asset quality under a framework of fair and responsible lending and effective risk management, which are the key foundations for achieving sustainable long-term growth.”
As of September 30, 2025, compared to the same period in 2024, KTC’s total membership base numbered 3,608,017 accounts while total loans to customers and accrued interest receivables equaled to 106,913 million baht (a 0.7% increase).
The total non-performing loan (NPL) ratio decreased to 1.85%, comprising 2,903,481 cards in the credit card business (a 5.3% increase), and total loans to credit card customers and accrued interest receivables equaled to 69,541 million baht (a 0.5% increase). Total credit card spending volume for the first 9 month of 2025 was 219,572 million baht (a 3.8% increase) NPL for credit card was at 1.15%. There were 704,536 accounts in the KTC personal loan portfolio (a 2.5% increase), with loans to personal loan customers and accrued interest receivables of 35,836 million baht (a 3.0% increase). NPL for personal loans debtors equaled to 2.40%. The new booking of “KTC P BERM Car for Cash” equaled to 1,650 million baht. Krungthai Leasing (KTBL)’s portfolio equaled to 1,627 million baht (a 28.8% decrease), as KTC has stopped granting KTBL’s portfolio since August 2023 and is currently focusing on debt collection and managing the quality of existing portfolios.
The group’s total borrowings (including lease liabilities) equaled to 55,655 million baht comprising 70% of long-term borrowings and 30% of short-term borrowings (including loans and debentures due within one year). The debt-to-equity ratio decreased to 1.51 times, lower than the 1.78 times from the same period last year, and below the debt covenants threshold of 10 times, reflecting high financial flexibility in business expansion and supporting future economic volatility. The available credit line was short-term loans 25,990 million baht. KTC is obligated to repay its debentures and long-term borrowings due by the end of 2025 amounted to 4,000 million baht. A higher liquidity than debt maturity reflects a solid liquidity ground and a very low short-term default risk.
