TMBThanachart Bank (TTB) investor relations material

Executive summary

• Net profit for 1H26 reached THB 10.7 billion, up 6% year-over-year, reflecting resilience amid economic uncertainty and disciplined execution of strategic priorities.

• Interim consolidated and bank-only financial statements for the six months ended 30 June 2026 were audited and reviewed, with an unqualified opinion confirming compliance with Thai Financial Reporting Standards and Bank of Thailand regulations.

• Share repurchase program completed THB 21 billion in buybacks, one year ahead of plan, supporting shareholder value.

• Key audit matter identified was the allowance for expected credit loss (ECL) on loans to customers, which required significant management judgment and use of forward-looking macroeconomic forecasts.

Financial highlights

• 1H26 net profit: THB 10.7 billion (+5.8% YoY); total operating income up 3% YoY.

• NIM at 3.02% in 2Q26, supported by lower funding costs and high-yield loan focus.

• Non-NII up 16.2% YoY in 1H26, with 2Q26 Non-NII at THB 5.1 billion (+40% YoY), driven by retail fees and non-recurring investment gains.

• Cost-to-income ratio edged up to 46% due to one-off expenses but remained within target.

• Total assets as of 30 June 2026 were Baht 1,688,598 million (consolidated), slightly down from Baht 1,701,966 million at year-end 2025.

Outlook and guidance

• Revenue growth expected to moderate as temporary tailwinds (EV demand, investment gains) normalize.

• Forward-looking macroeconomic scenarios were incorporated into ECL models, with management overlays applied for economic uncertainties and vulnerable customer segments.

• No material uncertainty was identified regarding the bank's ability to continue as a going concern.