Bangkok, October 21, 2025 — SCB X Public Company Limited (SCBX) has reported a consolidated net profit of Baht 12,056 million for the third quarter of 2025, an increase of 10.2% from the same period last year, due to higher investment gains, increased fee income from a strong wealth management business, and disciplined cost control. For the first nine months of the year, the net profit was Baht 37,344 million, a 15.8% yoy increase.
In 3Q25, net interest income was Baht 29,413 million, decreasing 9.9% yoy due to a narrower net interest margin (NIM) and an overall loan portfolio contraction of 3.3% yoy from prudent new loan underwriting.
Fee and other income totaled Baht 10,942 million, a 9.6% yoy increase. The growth was primarily driven by higher fee income from wealth management, supported by increased inflows into high-value funds, as well as growth in transactional banking, lending-related and other fees.
Investment and trading income was Baht 3,326 million, a turnaround from last year’s loss—primarily driven by higher gains from SCB Bank and SCB 10X’s investment portfolios.
Operating expenses decreased slightly by 0.2% yoy to Baht 17,575 million due to effective cost control measures. The Company’s cost-to-income ratio decreased to 40.2%.
Provisions decreased by 1.3% yoy as asset quality remained under control especially at CardX. These provisions include additional cushion of Baht 1,400 million against future macroeconomic uncertainty. The non-performing loan (NPL) coverage ratio remained high at 161.7%.
Amid ongoing external volatility, overall credit quality is under control. The NPL ratio was 3.30% at the end of 3Q25, 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:
“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 in understanding customer needs across life stages, alongside the development of new platforms and globally accessible investment products that enable truly personalized financial solutions—supporting our ambition to become the market leader in wealth management by 2026.
Regarding the debt relief initiative, ‘You Fight, We Help,’ following the close of the registration period at the end of the last quarter, participating debtors have reported a combined outstanding debt of over Baht 60 billion.
Despite the challenging macroeconomic environment in Thailand, SCBX continues to drive a proactive strategic transformation. We are focused on fundamentally reimagining our processes and operations, leveraging AI and innovation to lead this transformation. This is not about isolated cost-cutting or branch closures, but rather a comprehensive redesign of how we work—aimed at sustainably reducing the cost to serve while enhancing the customer experience.
We also maintain a prudent risk management approach to ensure long-term financial strength, while actively supporting households and businesses in their recovery and growth. This includes delivering modern financial solutions and building an ecosystem that supports the transition to a digital economy.”
