TISCO Financial Group Public Company (TISCO) Q4 2024 earnings summary

Executive summary

• The auditor issued an unqualified opinion, confirming the financial statements present fairly the financial position and performance for the year ended 31 December 2024 in accordance with Thai Financial Reporting Standards and Bank of Thailand regulations.

• Key audit matters included allowance for expected credit loss on loans and recognition of interest income, both requiring significant management judgement and complex modelling.

Financial highlights

• Total consolidated assets stood at Baht 281,877 million as of 31 December 2024, down from Baht 290,724 million in 2023.

• Net profit attributable to equity holders was Baht 6,901 million, a decrease from Baht 7,301 million in 2023.

• Total operating income was Baht 19,226 million, with net interest income of Baht 13,570 million and net fee and service income of Baht 4,971 million.

• Basic earnings per share were Baht 8.62, compared to Baht 9.12 in the prior year.

• Total equity attributable to equity holders was Baht 43,042 million at year-end.

Outlook and guidance

• The Group continues to maintain capital adequacy ratios well above regulatory requirements, supporting ongoing business stability and growth.

• The Board proposed a dividend of Baht 5.75 per share for 2024, to be paid in May 2025.