Kiatnakin Phatra Bank PCL (KKP) Q4 2024 earnings summary

Executive summary

• Consolidated and separate financial statements for the year ended 31 December 2024 were audited and present fairly in accordance with TFRS.

• The audit identified allowance for expected credit losses of loans to customers as a key audit matter due to its significance and management judgment involved.

Financial highlights

• Total consolidated assets as of 31 December 2024 were Baht 498,429 million, down from Baht 545,327 million in 2023.

• Net profit attributable to equity holders was Baht 5,030.7 million, a decrease from Baht 5,443.4 million in 2023.

• Basic earnings per share were Baht 5.97, compared to Baht 6.43 in the prior year.

• Total consolidated equity stood at Baht 63,210.9 million at year-end.

• Dividend paid for 2024 was Baht 3.00 per share, with an interim dividend of Baht 1.25 per share.

Outlook and guidance

• Management applied forward-looking macroeconomic scenarios in credit loss modeling, with base, upside, and downside scenarios weighted at 60%, 25%, and 15% respectively.

• Additional management overlay was provisioned for expected credit losses due to economic uncertainties.