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(Translation)
Ref.CIMBT.CSA. t05 / 2025
13 November 2025
Subject CIMB Thai Group consolidated reviewed financial results for the nine months ended 30 September 2025
To : President
The Stock Exchange of Thailand Dear Sir,
On behalf of CIMB Thai Bank PCL, I am pleased to submit the reviewed consolidated financial results for the nine months ended 30 September 2025. The key summaries are as follows:
For the nine months ended 30 September 2025, CIMB Thai Group's consolidated operating income decreased by THB 236.1 million or 2.2% year-on-year ("YoY") to THB 10,549 4 million from 9M2024. The lower operating income was mainly contributed by a 15.1% drop in net interest income and a 0.5% decline in net fee and service income, offset with a 34.0% growth in other income. Pre-provision operating profit increased by THB 1,037.5 million or 24.6% YoY to THB 5,248.4 million attributed to 19.4% lower operating expenses, offset
by 2.2% lower operating income. Net profit decreased by THB 59.9 million or 3.2% YoY to THB 1,830.4 million due to a 59.5% increase in expected credit loss (ECL). The increase in ECL was in line with the prudent approach from the prevailing economic circumstances.
On a YoY basis, net interest income decreased by THB 1,094.0 million or 15.1%, mainly driven by the lower interest income on loans. Net fee and service income decreased by THB 5.1 million or 0.5%, mainly from insurance brokerage income. These were partially offset by higher other income of THB 863.0 million or 34%,
mainly due to higher net gains on investment.
On a YoY basis, operating expenses decreased by THB 1,273.5 million or 19.4%, mainly from lower impairment loss on properties for sale and lower specific business tax as a result of lower interest income, partially offset by higher personnel costs. This consequently improved the cost to income ratio to 50.2% in
9M2025 compared to 61.0% in 9M2024.
Net Interest Margin (NIM) over earning assets stood at 1.9°/« in 9M2025, compared to 2.3% in 9M2024, arising from lower interest income on loans.
As at 30 September 2025, total gross loans (inclusive of loans guaranteed by other banks and loans to financial institutions) stood at THB 242.1 billion, a decrease of 3.7% from 31 December 2024. Deposits (inclusive of Bill of Exchanges, Debentures and selected Structured Deposit Products) stood at THB 318.5
billion, a decrease of 1.7% from THB 324.0 billion as at end of December 2024. The Modified Loan to Deposit Ratio was slightly lower at 76.0% compared to 77.6% as at 31 December 2024.
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The gross non-performing loans (NPL) stood at THB 6.3 billion, with a flat gross NPL ratio of 2.6% compared to the end of December 2024. The gross NPL ratio is reflective of CIMB Thai Group's stringent credit risk
underwriting, efficient risk management policies, improvement in loan collection processes and the continued management of the Bank's NPLs.
CIMB Thai Group's loan loss coverage ratio as at 30 September 2025 stood at 158.1% from 149.0% at the end of December 2024. Total allowance for expected credit losses stood at THB 9.8 billion, THB 1.5 billion over the Bank of Thailand's reserve requirements.
Total consolidated capital funds as at 30 September 2025 stood at THB 61.4 billion. The BIS ratio stood at 21.1%, of which 16.6% comprised Tier-1-capital.
Yours faithfully,
Mr.Wut Thanittiraporn
President and Chief Executive Officer CIMB Thai Bank PCL
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