KCC Q1 Profit Surges 1,828% on NPL Portfolio Expansion Strategy

Knight Club Capital Holding Public Company Limited (KCC) reported first quarter 2025 net profit of 266.29 million baht, surging 1,828% year-over-year from 13.81 million baht, with total revenue of 395.12 million baht, up 558% from 60.61 million baht in the same quarter last year. The dramatic growth stems from the company's aggressive NPL acquisition strategy, investing over 190 million baht primarily in secured non-performing loans while generating cash flow management capabilities. The company also divested equity investments totaling over 30 million baht, representing a strategic shift in income structure and asset management.

Operating cash inflows in the first quarter reached approximately 70.55 million baht, a 6% increase year-over-year, demonstrating the company's continued ability to generate cash flows from managing non-performing assets despite economic uncertainty. Revenue from NPA sales increased significantly to 10.46 million baht from 1.8 million baht in the prior year quarter, resulting from refined marketing strategies that expanded buyer reach and accelerated sales closures.

For the second quarter, KCC expects continued strong growth from new debt portfolio investments, progressive revenue recognition from asset investments, and enhanced NPA and investment management strategies. The company will mature 431 million baht in debentures in Q2, which it plans to address through business cash flows and debt collection from its loan portfolios. Following maturity, KCC plans to issue new debentures in June 2025 to optimize funding costs and maintain financial flexibility while supporting long-term growth plans. The company remains committed to consistent dividend policies and disciplined investment practices to generate steady shareholder returns.