KCC Reports Record First-Half Profit of 334.7 Million Baht
Knight Club Capital Holding reported record first-half net profit of 334.72 million baht, nearly triple the prior year, driven by gains on investment fair value adjustments and expanded non-performing loan operations.
Knight Club Capital Holding Public Company Limited (KCC) reported net profit of 334.72 million baht for the first half of 2025, a 198% increase from 112.43 million baht in the same period last year, representing nearly threefold growth. Operating revenue reached 547.29 million baht, up 137% from 231.06 million baht, with the main driver being other operating income, which surged from 0.36 million baht to 422.28 million baht due to recognition of gains on fair value adjustment of investments and dividend income received.
Interest income from credit extended to borrowers increased to 117.57 million baht, while the company began recognizing interest income from loans—a new revenue stream of 4.65 million baht. Gains from the sale of non-performing assets also rose to 3.64 million baht, reflecting the company's expansion of its asset base and revenue creation from new business opportunities alongside its core business. Net profit margin improved from 48% to 61%, demonstrating enhanced profitability from the expanded revenue base.
KCC continues to expand its non-performing loan portfolio, focusing on secured credit borrowers—a segment in which the company has management expertise. During the first six months, the company invested 330 million baht in the NPL portfolio, increasing its earning assets and supporting future interest income growth. The company is also realizing results from its investment portfolio diversification strategy, with investment sales and dividend income supplementing earnings, while non-performing asset sales have strengthened considerably, increasing more than fourfold year-on-year.
Second-quarter net profit was 68.39 million baht, down 31% from the prior year quarter, which benefited from a one-time gain of 116.99 million baht from the closure of a major corporate credit account. The company's board approved an interim dividend of 0.065 baht per share, reflecting strong first-half results and the company's solid financial position and cash flow.
