SCB X Public Company Limited (SET: SCB) has reported a consolidated net profit of Baht 47,488 million for 2025, representing an 8.1% increase over 2024. This bottom-line growth was achieved despite a complex macroeconomic landscape and substantial pressure on interest margins.
A critical factor in this performance was the 369.8% surge in investment and trading income, which reached Baht 10,771 million, bolstered by strong gains from the investment portfolios of SCB Bank and SCB 10X. Additionally, fee and other income grew by 2.6% to Baht 41,695 million, driven by a robust wealth management sector and AI-powered advisory tools. These gains helped offset a 0.5% slight dip in total operating income, which stood at Baht 171,583 million.
Conversely, net interest income (NII) fell by 8.0% to Baht 119,117 million. This decline was attributed to a narrower net interest margin (NIM), which contracted 41 basis points to 3.44% following four policy rate cuts throughout the year. Furthermore, the Group’s overall loan portfolio contracted by 2.1% to Baht 2.35 trillion, reflecting a prudent underwriting strategy amid economic volatility.
Operational efficiency remained a highlight, with operating expenses decreasing by 4.7% to Baht 69,570 million. This reduction was partly due to the 2024 divestment of the Robinhood business and effective cost-control measures, leading to an improved cost-to-income ratio of 40.5%.
On the risk front, expected credit losses (ECL) and provisions decreased by 2.6% to Baht 41,469 million, primarily due to improved asset quality at CardX. Despite this reduction, the Group maintained a conservative stance by allocating an additional Baht 4,500 million management overlay for future uncertainty. Asset quality remained healthy, with the non-performing loan (NPL) ratio improving to 3.29% from 3.37% in 2024, and a strong NPL coverage ratio of 160.8%.
Looking ahead to 2026, SCBX aims for selective loan growth in the low-to-mid single digits while continuing its transformation into a regional financial technology group.
Arthid Nanthawithaya, Chief Executive Officer of SCBX, commented:
“In 2025, the Thai economy faced challenges across multiple dimensions. SCBX therefore focused on strengthening its core foundations, prudently managing credit quality amid volatility, alongside key structural adjustments to support our long-term vision of becoming Thailand’s leading financial technology group.
SCBX enters 2026 with a clear strategic direction centered on sustainable growth, disciplined risk management, and improved customer experience. We will continue to build on the strengths of our core businesses, deepen customer engagement across segments, improve portfolio quality, and leverage technology and data to elevate operational efficiency and competitiveness. Our focus remains on driving balanced, long-term value creation across the Group.
In addition, we are accelerating our infrastructure readiness for the Virtual Bank to support its planned launch, focusing on using data innovation to expand opportunities for the financially underserved (Financial Inclusion), which will serve as a critical mechanism in reducing inequality and sustainably driving Thailand’s digital financial economy.”
