SCB X Public Company Limited (SCBX) has announced a consolidated net profit of Baht 12,056 million for the third quarter of 2025, marking a 10.2% increase from the same period last year. The robust performance was attributed to higher investment gains, strong growth in fee income primarily from wealth management, and stringent cost control. For the first nine months of 2025, the consolidated net profit stood at Baht 37,344 million, a 15.8% year-on-year increase.
Financial Performance Highlights
While net interest income for Q3 2025 was Baht 29,413 million, a 9.9% year-on-year decrease due to a narrower net interest margin (NIM) and a prudent 3.3% contraction in the overall loan portfolio, other income segments delivered powerful growth:
- Fee and Other Income: Totaled Baht 10,942 million, rising 9.6% year-on-year. This growth was primarily fueled by the wealth management business, supported by increased inflows into high-value funds, as well as growth in transactional banking and lending-related fees.
- Investment and Trading Income: Reached Baht 3,326 million, a significant turnaround from a loss in the previous year. This performance was mainly driven by substantial gains from the investment portfolios of SCB Bank and SCB 10X.
- Cost Efficiency: Operating expenses saw a slight decrease of 0.2% year-on-year to Baht 17,575 million, thanks to effective cost control measures. Consequently, the Company’s cost-to-income ratio improved to 40.2%.
Strategic Transformation and Asset Quality
The Company maintained a highly disciplined approach to asset quality and risk management:
- Provisions decreased by 1.3% year-on-year, though the Company proactively booked an additional cushion of Baht 1,400 million against future macroeconomic uncertainty.
- The non-performing loan (NPL) coverage ratio remained high at 161.7%.
- The overall NPL ratio was well-controlled at 3.30%, down from 3.38% in the previous year. The Capital Adequacy Ratio remained strong at 18.9%.
Arthid Nanthawithaya, Chief Executive Officer of SCBX, commented on the results: “This quarter’s strong performance reflects solid progress in executing our strategic roadmap, particularly in the wealth management business, which continues to demonstrate steady growth. This momentum is driven by our use of technology to enhance the capabilities of our relationship managers… supporting our ambition to become the market leader in wealth management by 2026.”
Arthid also highlighted the ongoing strategic transformation of the group, which is focused on fundamentally redesigning processes and operations by leveraging AI and innovation. This aims at “sustainably reducing the cost to serve while enhancing the customer experience.”
Regarding debt relief efforts, Arthid confirmed that the “You Fight, We Help” initiative, which closed registration last quarter, reported that participating debtors have a combined outstanding debt of over Baht 60 billion. SCBX remains committed to supporting households and businesses in their recovery while maintaining a prudent risk management approach for long-term financial strength.
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