TIDLOR Hits Record Q2 Profit on Quality Growth

Bangkok Post

2 days ago

Bangkok, August 13, 2025 — Tidlor Holdings Public Company Limited ('TIDLOR' or the 'Company') has reported strong, quality-driven growth for the second quarter of 2025, driven by the robust expansion of its low-risk insurance brokerage business and effective cost and credit quality management in its lending operations.
Miss Cholthicha Thongthai, Chief Financial Officer (CFO), announced that TIDLOR recorded a net profit of 1,304.4 million baht in Q2/2025, reflecting a 19.5% year-on-year (YoY) and 8.2% quarter-on-quarter (QoQ) increase — the Company's highest quarterly profit to date. Total revenue reached 5,755.4 million baht, marking a 5.3% YoY increase. The outstanding loan portfolio continued its steady climb, with total outstanding loans at the end of Q2/2025 standing at 105,905.5 million baht, representing 2.8% YoY and 1.1% QoQ growth. Meanwhile, the number of loan customers rose by 9% YoY, exceeding the pace of overall portfolio growth — a sign of quality customer base expansion under prudent credit policies. Non-performing loans (NPLs) remained stable at 1.78%, supported by improved credit underwriting, active debt collection strategies, and robust risk management. Credit cost dropped to 2.6%, down from 3.6% in the same quarter last year, while the NPL coverage ratio remained high at 262.4%, ensuring prudent risk provisioning. Key contributors to long-term growth included tech-based solutions such as the Tidlor card and E-Withdrawal — a digital loan disbursement feature within the NTL application — which have seen rising adoption among customers, resulting in reduced operational costs.
Mrs. Athitaya Phoonwathu, Chief Insurance Officer, reported that the insurance brokerage business continued to thrive, with non-life insurance premiums reaching 2,569.1 million baht in Q2/2025, an 11.4% YoY increase. This growth was attributed to a broad product suite covering auto, personal, and property insurance, offered in partnership with leading insurers. Distribution is supported by a multi-channel approach — including face-to-face insurance brokerage via over 1,800 branches under the 'Shield Insurance Broker' brand, and InsurTech platforms such as 'Areegator' and 'heygoody.com,' which fill market gaps and enhancing the Company's reach to a wide customer base.
Mr. Piyasak Ukritnukun, Managing Director, added that Tidlor Holdings remains committed to quality growth across all business units. Since launching its insurance brokerage arm in 2016, the segment has averaged annual growth over 40% — more than double the growth rate of its lending business — effectively balancing the Group's overall business profile and risk diversification. Following the Company's restructuring into a holding company, the senior management team also demonstrated its readiness for the next stage of growth in both verticals.
Recognising the fragility of the Thai economy and high household debt, the Company introduced a Balance Transfer programme in Q2/2025 aimed at assisting retail borrowers with a good repayment history who are currently servicing multiple debts — including other types of personal loans, cash cards, or credit cards — and who may be burdened with high or excessive monthly repayment obligations. The initiative offers a solution to help ease their monthly debt burden, enabling them to consolidate their obligations under a single vehicle title loan with Ngern Tidlor. This allows for reduced monthly payments and extended repayment terms, ultimately simplifying debt management and improving credit health. Since its launch, the programme has demonstrated measurable impact — participating customers have cut their monthly debt payments by more than half on average, with many able to close debts with three financial providers, with some settling up obligations with up to nine.
Tidlor Holdings and its subsidiaries continue to pursue their vision of becoming Thailand's leading financial inclusion service provider, empowering underserved communities with fair and accessible financial solutions, while enhancing financial literacy and long-term well-being.