Mrs. Athitaya Phoonwathu, Managing Director of Tidlor Holdings Public Company Limited, or Tidlor Holdings (the Group) (TIDLOR), revealed that in the second quarter of 2026, the Group continued to deliver strong growth despite the economic slowdown. The Group reported a net profit of 1,533.2 million baht, increasing 18.3% YoY. This resulted in a total net profit of 3,147.0 million baht for the first half of 2026, increasing 26.2% YoY, supported by revenue growth across both the lending and insurance brokerage businesses, coupled with effective cost and asset quality management.
Miss Cholticha Thongthai, Chief Financial Officer (CFO) of Ngern Tid Lor PLC., a subsidiary of Tidlor Holdings, revealed that the Group recorded a total revenue of 6,143.0 million baht in Q2/2026, increasing 6.7% YoY, while recording a total revenue of 12,212.5 million baht for the first half of 2026, increasing 7.2% YoY. The growth was mainly driven by interest income from the expansion of the outstanding loan portfolio and fee and service income that grew in line with the insurance brokerage business. Meanwhile, financial costs gradually declined, resulting in an improved net interest margin (NIM) at 16.2%. Furthermore, the Group continued to manage operating expenses efficiently, with the cost-to-income ratio at 55.1%, reflecting the Group’s discipline in cost management.
As of the end of June 2026, the Group’s outstanding loan portfolio reached 112,537.9 million baht, increasing 6.3% YoY and 2.4% QoQ, with the expansion mainly driven by vehicle title loans. The number of lending customers increased by 9% YoY, reflecting the Group’s continued focus on quality growth through customer base expansion. This was supported by a network of 1,918 branches, alongside a continuous increase in usage across digital channels, including the Tidlor Card and the E-Withdrawal service via the smartphone application “Tidjai” (formerly the Ngern Tidlor application), which allows customers to perform financial transactions conveniently by themselves anywhere, anytime.
Asset quality remained at a well-managed level, with the NPL ratio at 1.54%, improving from 1.78% in the same quarter of the previous year. This improvement was a result of prudent underwriting and effective debt collection. Meanwhile, the credit cost stood at 2.06%, declining from 2.63% in the same quarter last year, mainly due to lower provisioning and write-offs. The NPL coverage ratio remained high at 322%, reflecting an adequate reserve and prudent risk management.
The insurance brokerage business continued to deliver steady growth, with non-life insurance premiums in Q2/2026 reaching 2,756 million baht, increasing 7.4% YoY. This growth was supported by comprehensive products, distribution channels, and services across three core brands: Shield Insurance Broker, the No. 1 face-to-face insurance broker providing close advice and sales from over 5,000 licensed professionals stationed at Ngern Tidlor branches nationwide, offering non-life and life insurance products, along with the Shield Insurance Broker Call Center 1501, operating 24 hours every day to serve customers from purchasing to claiming. Additionally, the Group leverages InsurTech platforms, namely Areegator and heygoody.com, which play a key role in expanding access to various target customer segments to support the growth of the insurance brokerage business.
Mrs. Athitaya added, “The Group’s management team remains committed to driving the business prudently and with discipline, focusing on striking an appropriate balance between growth, returns, and risk management under a strong financial position. We believe that our strong business fundamentals, combined with the knowledge and experience of our management team, will enable Tidlor Holdings to continue delivering quality and sustainable growth over the long term, while expanding access to financial opportunities and insurance protection for Thai people.”
Tidlor Holdings remains committed to its vision of becoming “The Leading Financial Inclusion Service Provider”, a leader in expanding financial opportunities and promoting greater financial inclusion, with the aim of sustainably improving people’s quality of life.
