Kiatnakin Phatra Bank PCL (KKP) investor relations material

Executive summary

• Net profit for 2Q26 reached Baht 2,122 million, up 51% YoY; 1H26 net profit was Baht 4,185 million, up from Baht 2,475 million YoY, driven by resilient non-interest income and lower repossession losses.

• Comprehensive income for 2Q26 was Baht 2,364 million, up 44% YoY; 1H26 comprehensive income was Baht 4,270 million, up 45% YoY.

• Interim consolidated and separate financial statements for the six months ended 30 June 2026 were audited and reviewed with an unqualified opinion, confirming fair presentation in accordance with TFRS.

• Proactive portfolio management included write-offs of long-standing retail SME NPLs, supporting asset quality.

• Key audit matter identified was the allowance for expected credit losses (ECL) on loans to customers, with significant management judgment and complex modeling under TFRS 9.

Financial highlights

• Net interest income for 2Q26 increased 0.4% YoY to Baht 4,329 million; non-interest income rose 31% YoY to Baht 2,508 million.

• Total operating income for 2Q26 was Baht 6,887 million, up 11% YoY; for the group, 1H26 operating income was Baht 13,586 million.

• Basic EPS for 2Q26 was 2.54, up 49% YoY; 1H26 basic EPS was 4.94, up from Baht 2.98 YoY.

• Loan portfolio expanded 3.1% YTD, with high-quality segment growth.

• Total consolidated assets increased to Baht 528,700 million as of 30 June 2026.

Outlook and guidance

• 2026 outlook maintains a conservative credit stance, prioritizes quality growth, cost efficiency, and increased non-interest income contribution.

• Revised 2026 targets: ROAE (comprehensive income) 12.0–13.0%, loan growth ~3.0%, loan spread 4.5–4.6%, NPL ratio 3.5%, credit cost 1.3–1.5%.

• Management overlays additional ECL provisions due to caution over economic uncertainties and potential asset quality deterioration.

• Forward-looking macroeconomic scenarios and weightings are incorporated into ECL models, with base, upside, and downside cases.