Thai Capital Profit Rises 24% in Q2
Thai Capital reported a 24% jump in Q2 net profit to 2.6 billion baht, driven by rising dividend income and improved profit-sharing from associated companies, while the investment holding firm also approved a 7.5 billion baht share buyback
Thai Capital (TCAP) posted strong Q2 2569 net profit of 2,642 million baht, a 519 million baht or 24.45% increase from the previous quarter, demonstrating the company's capability to generate solid investment returns and efficiently manage its business portfolio as a leading investment holding company. Growth was driven by rising non-interest income, including dividend revenue and increased profit sharing from associated companies reflecting their operational performance, though net interest income declined slightly due to cautious lending practices.
For the first half of 2569, TCAP's net profit totaled 4,765 million baht, up 988 million baht or 26.16% from the same period last year. This was supported by dividend income, insurance business revenue, and higher profit sharing from partners, combined with a significant decrease in expected credit loss provisions, reflecting sustained improvement in asset quality despite a minor decline in net interest income from automobile lease-purchase credit slowdown.
The company's board approved a share buyback program for financial management purposes, with a budget ceiling of 7.5 billion baht and up to 104.86 million shares representing no more than 10% of all issued shares. The buyback will be conducted through the Stock Exchange of Thailand between August 17, 2569 and February 16, 2570 to improve capital efficiency, create shareholder value, and reaffirm confidence in TCAP's long-term growth potential as a "Most Trusted Investment Holding Company" committed to delivering sustainable returns.
For the second half of 2569, TCAP will continue operating with disciplined investment standards and prudent risk management while leveraging business potential and pursuing investment opportunities to strengthen its portfolio and support quality long-term growth alongside optimal capital structure management.