Tisco Financial Group Public Co. Ltd. · SET:TISCO
Tisco Financial Group Public — FY2025 Earnings Presentation
19 slides from Tisco Financial Group Public's earnings presentation, Jan 14, 2026
Slide 1: TISCO Financial Group Analyst Meeting FY2025
TISCO Financial Group Public Co., Ltd. Analyst Meeting FY2025 January 14, 2026
Slide 2: Profit declined due to normalized ECL whereas total income grew
Profit declined due to the setup of normalized ECL whereas total income grew from an improvement in non-interest income Consolidated Income Statements Unit : Million Baht 4Q24 3Q25 4Q25 % QoQ % YoY 2024 2025 % YoY Interest Income 4,746 4,620 4,517 (2.2) (4.8) 19,014 18,311 (3.7) Interest Expenses (1
Slide 3: Well-managed balance sheet to reflect the economic situations
Well-managed balance sheet to reflect the economic situations Assets Liabilities Unit: Million Baht Unit: Million Baht +3.0% +3.1% +2.9% +3.6% QoQ YoY QoQ YoY 281,877 282,225 290,702 238,832 240,464 247,325 82% 82% 81% 89% 88% 89% 2024 3Q25 2025 2024 3Q25 2025 Loans Investments* Interbank & MM Other
Slide 4: 2025 Loan growth derived from a recovery in retail segment
2025 Loan growth derived from a recovery in retail segment 157,943 161,507 Loan Portfolios 157,433 Unit: Million Baht +2.3% +1.5% Retail Loans QoQ YoY +2.3% +2.6% QoQ YoY 232,200 230,409 235,779 2024 3Q25 2025 61,342 60,971 59,772 Corporate Loans 2024 3Q25 2025 +2.0% -0.6% QoQ YoY Loans by sectors 2
Slide 5: Loan expanded in all HP types and other retail loans
Loan expanded in all HP types and other retail loans while the loan underwriting for high-yield products remained cautious Composition of Retail Loans Other Other Other Housing Housing Housing Retail, Retail, Retail, Loans, Loans, Loans, 5.8% 4.9% 5.0% 4.2% 4.1% 3.8% Auto Cash, Auto Cash, Auto Cash,
Slide 6: Domestic car sales recovered from growth in EV segment
Domestic car sales recovered from growth in EV segment while TISCO continued to expand penetration rate with cautiousness Industry New Car Sales Units 11M2025 546,045 2024 572,675 90,000 2023 775,780 50,000 2022 849,388 2021 759,119 10,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec *Source: The
Slide 7: Somwang loans grew from increased existing branch efficiency
Despite flat Auto Cash growth and no new branch expansion, Somwang loans grew from increased existing branch efficiency Auto Cash Loans Unit: Million Baht 43,243 43,214 Auto Cash +0.6% -0.1% 41,720 42,963 QoQ YoY 36,348 79.5% 83.3% 75.1% 68.0% Somwang +5.3% +10.9% 62.1% 35,985 QoQ YoY Loan Generated
Slide 8: Yield dropped from rate cuts while loan spread improved gradually
Yield dropped from rate cuts and “You Fight, We Help” interest reduction while cost of funds repriced continuously. Thus, loan spread improved gradually. Change Change YoY QoQ 7.68% 7.51% 7.63% 7.51% 7.51% 7.42% 7.41% -17 bps -11 bps Yield on Loans 5.50% 5.39% 5.32% 5.45% 5.50% 5.27% +12 bps 5.30% +
Slide 9: Asset quality remained at a controllable level
Thanks to cautious lending policy and debt assistance measures, asset quality remained at a controllable level Loan Classification Non-Performing Loans Unit: Million Baht Unit: Million Baht Total NPLs NPL Ratio (%) 232,200 230,409 235,779 2.22% 2.35% 2.31% 2.28% NPLs 2% 2% 2% 2.09% 8% 8% 7% Stage 2
Slide 10: Target of 1% normalized ECL was achieved in 2025
Target of 1% normalized ECL was achieved in 2025 as planned including buffer against potential risks Expected Credit Loss Unit: Million Baht ECL Expense Credit Cost (%) 1.4% 1.0% 1.0% 1.0% 0.6% 0.7% 0.3% 0.2% 2,340 1,376 723 830 559 565 359 386 2022 2023 2024 2025 1Q25 2Q25 3Q25 4Q25 Allowance for E
Slide 11: Efficiently managed funding base to align with loan portfolio expansion
Efficiently managed funding base to align with loan portfolio expansion Total Funding Unit: Million Baht +3.3% +3.3% QoQ YoY 211,973 211,891 218,962 3% 2% 3% 84% 84% 83% 14% 13% 14% 2024 3Q25 2025 CASA Fixed Deposits Senior Debentures Unit : Million Baht 2024 3Q25 2025 % QoQ % YoY Current 1,793 1,60
Slide 12: Core businesses improved from banking fee and AM fee growth
Core businesses improved from a growth in banking fee and AM fee, together with a record of gain on investment portfolio Non-Interest Income from Core Businesses Non-Interest Income from Core Businesses Breakdown Unit: Million Baht Data as of FY2025 +6.5% YoY IB 0.5% +3.0% +12.7% 5,923 Brokerage QoQ
Slide 13: AM business improved from provident fund clients and new mutual funds
AM business improved from new contribution of provident fund clients and new mutual fund issuances 20.3% 20.4% Assets Under Management 19.0% Unit: Million Baht +1.7% +10.2% Rank # 1 321,959 328,042 QoQ YoY Provident Fund 287,199 4.2% 4.3% 4.3% +1.9% +14.2% QoQ YoY 440,776 448,373 406,802 15% 15% 19%
Slide 14: TISCO trading volume and brokerage fee decreased
TISCO trading volume and brokerage fee decreased in line with weakened capital market conditions TISCO Trading Volume & Market Share Unit: Million Baht TISCO Trading Volume TISCO Brokerage Fee Market Share (%) 1.5% 1.6% 1.5% 1.5% 1.4% 1.4% 354,838 322,942 283,155 78,906 75,059 572 512 57,487 456 125
Slide 15: OPEX was efficiently controlled amid slow economic backdrop
OPEX was efficiently controlled amid slow economic backdrop Operating Expenses Cost to Income Ratio Unit: Million Baht -2.6% Cost to Income (%) Cost to Income after Provision (%) YoY +0.4% -2.1% 9,256 9,014 52.6% 52.8% QoQ YoY 51.5% 51.8% 52.1% 48.9% 48.1% 46.8% 45.9% 43.4% 2,345 2,286 2,295 4Q24 3Q
Slide 16: Maintained solid capital level and exceeded BOT's requirement
Maintained solid capital level and exceeded BOT’s requirement Capital Base of TISCO Bank Unit: Million Baht 41,241 39,557 38,708 39,440 39,402 2022 2023 2024 3Q25 2025* Capital Adequacy Ratio 23.4% 22.3% 20.5% 20.9% 20.5% BIS Ratio 19.6% 18.9% Tier I Ratio 18.7% 18.7% 18.4% Min. Required by BOT 11.0
Slide 17: New Somwang branch opening plan was suspended
New Somwang branch opening plan was suspended while focused on increasing existing branch efficiency Total Employees 5,790 5,621 5,610 5,496 5,090 2022 2023 2024 3Q25 2025 Total Branch Network 860 859 856 698 504 808 808 805 645 Somwang 450 Loan Offices Bank Branches 54 53 52 51 51 2022 2023 2024 3Q
Slide 18: Investor Relations
Investor Relations TISCO Financial Group Public Company Limited 48/49 TISCO Tower, North Satorn Road, Silom, Bangrak, Bangkok, 10500, Thailand +(66) 2633 6868 ir@tisco.co.th www.tisco.co.th Disclaimer This presentation material may contain forward-looking statements. These forward-looking statements
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