Tidlor Holdings Public Company Limited, or Tidlor Holdings (SET: TIDLOR), announced the Group’s operating results for the first quarter of 2026, reporting a record quarterly net profit of 1,613.7 million baht, increasing by 34.7% YoY and by 63.3% QoQ. Key drivers included lower credit loss, continued revenue growth from both the lending and the insurance brokerage businesses, as well as efficient financial cost management.
Miss Cholthicha Thongthai, Chief Financial Officer (CFO) of Ngern Tid Lor PLC., a subsidiary of Tidlor Holdings, revealed that in Q1/2026, the Group recorded total revenue of 6,069.5 million baht, rising by 7.6% YoY, supported by a higher interest income from the expansion of the loan portfolio and receivables, and a continued growth in fee and service income from the insurance brokerage business that continued to benefit from customer base expansion and comprehensive omni-channel service platforms. Meanwhile, the Group managed operating expenses efficiently amid the business expansion, resulting in the total expenses declining to 4,041.9 million baht, decreasing by 2.2% YoY, mainly driven by lower credit loss and finance costs. As a result, the cost-to-income ratio improved to 54.4%.
The insurance brokerage business continued to deliver strong and sustainable growth. In Q1/2026, the Group recorded total non-life insurance premiums of 3,090.3 million baht, increasing by 11.7% YoY. The growth was supported by diversified insurance products covering vehicles, people, and residents, along with comprehensive distribution channels serving customers across all segments through three core brands: Shield Insurance Broker, Areegator, and heygoody.com. These brands continued to expand the customer base and drive strong growth across the Group’s insurance brokerage business.
For the lending business, the Group’s outstanding loan portfolio reached 109,926.1 million baht, growing by 5% YoY, mainly driven by vehicle title loans. The number of lending customers also increased by 8.2% YoY, reflecting quality customer expansion under prudent lending policies. Growth was driven through both the Group’s nationwide network of more than 1,892 branches and the rising usage across digital channels, including the Tidlor Card and the E-Withdrawal service via the Tidjai application (formerly the Ngern Tid Lor application). These services enhanced self-service financial solutions, improved customer convenience, and increased the Group’s overall operating efficiency.
Asset quality remained at a healthy level, with the NPL ratio declining to 1.47%, compared to 1.54% in the previous quarter. The improvement reflected the continued quality of newly originated loans, effective debt collection management, and positive impacts from government support measures.
Improved loan quality also resulted in a decline in credit cost to 1.7%, compared to 3% in the same period last year. The Group also maintained a high NPL coverage ratio at 340.5%.
Mrs. Athitaya Phoonwathu, Managing Director of Tidlor Holdings, stated, “The operating results for Q1/2026 reflect the strong business fundamentals of Tidlor Holdings, including the ability to deliver quality growth across both the insurance brokerage and lending businesses, prudent asset quality management, effective cost management, and the maintenance of a strong financial position.
The Group continues to execute its quality growth strategy under the leadership of an experienced and professional management team, while leveraging innovation and technology to enhance products and services. Our goal is to deliver quality and sustainable growth alongside expanding financial opportunities and insurance accessibility for Thai people.”
