Muangthai Capital Public Company Limited (SET: MTC) has reported a strong financial performance for the full year of 2025, demonstrating significant growth and resilience despite a volatile economic environment.
The company achieved a consolidated net profit of THB 6,723 million, representing a 14.59% increase compared to the THB 5,867 million recorded in 2024. This growth translated into a net profit margin of 21.87% and boosted basic earnings per share to THB 3.17.
The profit surge was underpinned by a 10.17% rise in total revenue, which reached THB 30,739 million. The primary driver was interest and fee income from loans, which grew 11.33% to THB 30,010 million as the company’s total loan portfolio expanded to THB 183,222 million. This expansion was supported by the opening of 518 new branches during the year, bringing MTC’s total network to 8,673 locations.
However, this growth came with higher operational costs. Services and administrative expenses rose by 8.98% to THB 11,759 million, largely due to increased employee remuneration and depreciation related to the branch expansion. Notably, finance costs climbed sharply by 19.93% to THB 6,167 million, driven by higher interest rates and increased borrowing to fund the growing loan book.
On a positive note, MTC saw an improvement in asset quality management. Expected credit losses (ECL) decreased by 4.23% to THB 3,353 million. This was aided by the Bank of Thailand’s (BOT) accommodative monetary policy, which saw the policy rate drop from 2.25% to 1.25%, and debt relief measures like the “You Fight, We Help” program that slowed NPL inflows. Consequently, NPLs were maintained at a stable 2.53%.
With total assets now exceeding THB 192 billion, MTC’s 2025 results reflect a successful balance between aggressive market expansion and disciplined risk management.
MTC’s Board of Directors will propose the dividend payment for 2025 at the rate of THB 0.29 per share at the upcoming Annual General Meeting of Shareholders for 2026. The dividend payment date is scheduled for May 15, 2026, while the ex-dividend (XD) date is scheduled for April 28, 2026.
