Mrs. Athitaya Phoonwathu, Managing Director of Tidlor Holdings Public Company Limited, or Tidlor Holdings (SET: TIDLOR), revealed that for the first nine months of 2026, the Group reported net profit of 4,635.1 million baht, increasing 18.8% YoY, while total revenue reached 18,592.1 million baht, increasing 7.3% YoY compared with the same period last year, driven by growth across both the lending and insurance brokerage businesses. The results were also supported by lower funding costs and credit losses. In the third quarter, net profit stood at 1,488.2 million baht, increasing 5.8% YoY, reflecting the Group’s ability to deliver solid performance from its core businesses while maintaining prudent risk management.
Miss Cholthicha Thongthai, Chief Financial Officer of Ngern Tid Lor Public Company Limited, a subsidiary of Tidlor Holdings, revealed that in the third quarter of 2026, the Group recorded total revenue of 6,379.6 million baht, increasing 7.6% YoY, supported by higher interest income in line with loan portfolio growth, as well as higher fee and service income driven by the insurance brokerage business. Meanwhile, the cost of funds declined to 2.0%, contributing to a YoY increase in net interest margin (NIM) to 16.4%.
For the lending business, as of the end of September 2026, the Group’s outstanding loan portfolio reached 116,011.2 million baht, increasing 8.1% YoY and 3.1% QoQ, driven mainly by vehicle title loans. The number of loan customers increased 7% YoY. The Group serves customers through 1,940 branches nationwide, supported by digital channels including the Tidlor Card and loan disbursement via the Tidjai app (E-Withdrawal), making it more convenient for customers to access funds in emergency situations.
More than 835,000 Tidlor Cards have been issued, while around 78% of customers drew down their credit through these services, reflecting growing digital adoption and supporting the efficient expansion of the lending business.
For asset quality, the Group continued to place strong emphasis on prudent loan underwriting, taking into account customers’ risk profiles and repayment capacity, alongside effective collection management. As of the end of the third quarter of 2026, the NPL ratio declined to 1.63%, compared with 1.66% in the same period last year. Quarterly credit cost stood at 2.3%, compared with 2.2% in the same period last year. Meanwhile, the NPL coverage ratio remained at 304.9%, as the Group continued to maintain prudent reserve levels to cushion against economic uncertainty and potential risks that may arise in the future.
The insurance brokerage business continued to grow steadily. In the third quarter of 2026, non-life insurance premiums reached 2,903 million baht, up 11.4% YoY, while the Group’s fee and service income stood at 1,072.7 million baht, increasing 13.6% YoY. Growth was supported by a diverse range of non-life and life insurance products, comprehensive sales and service channels, and continued digital development across three core brands: Shield Insurance Broker through the branch network, Areegator as an online insurance sales platform for insurance broker members, and heygoody.com as a digital insurance brokerage platform for customers to select and purchase insurance online.
These channels help broaden customer reach and support the growth of the insurance brokerage business. Shield Insurance Broker Call Center 1501 also provides consultation and claim-related support 24 hours a day.
Additionally, the Group continued to prioritize maintaining a strong financial position and liquidity to support business expansion. As of the end of September 2026, the debt-to-equity (D/E) ratio stood at 2.3 times. The Group continued to diversify its funding sources through both borrowings and domestic and international bond issuances, while maintaining more than 16,000 million baht in undrawn credit facilities, reflecting its funding readiness to support long-term business operations.
Mrs. Athitaya added, “The Group continues to drive its business under the leadership of a highly experienced senior management team, with a focus on quality growth across both business and society. In lending, we remain committed to expanding our customer base responsibly by encouraging customers to borrow only what is necessary and within their repayment capacity, while maintaining loan portfolio quality. In insurance brokerage, we continue to expand our customer base through a diverse range of non-life and life insurance products. These efforts reflect our commitment to creating fair and transparent financial opportunities for retail borrowers, while expanding access to insurance protection for people across Thailand.”
On the social front, the Group continues to prioritize creating positive social impact through financial literacy initiatives for a wide range of people, including local communities, farmers, and youth. The Group believes that financial literacy is an important foundation that enables people to manage their finances more effectively and achieve sustainable financial well-being.
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.
