TNL restructures to enter financial business Showing first half profit of 67 at 258 million baht

TNL completes business restructuring Move forward with financial business Showing operating results for the first half of 67, total income was 563 million baht, an increase of 37% from the same period last year. and had a net profit of 258 million baht, an increase of 12%

Mr. Kittichai Treeratchapong, Chief Executive Officer of Thanulak Public Company Limited ( TNL), a financial services and real estate development company, disclosed the progress of the write-off of its textile and garment business.

The company has sold all of its ordinary shares in TNLX Co., Ltd. , a textile and garment company, to Saha Group. The transaction was completed on July 31, 2567.

At present, the company is considered to have completed the business restructuring process. and is fully committed to moving forward in the financial business As a result, TNL's business structure consists of a secured loan business. NPLs and NPAs asset management business and real estate development business for sale

As for the company's operating results for the first 6 months of 2567, the company still recognizes TNLX's operating results, but has classified them as separate items from normal operating results. To compare for investors We have seen the growth of 3 businesses (New growth engines) more clearly.

The company's total income for the first 6 months of 2567 was 563 million baht, an increase of 153 million baht or 37% compared to the same period last year. and had a net profit of 258 million baht in the first half of the year, or a growth of 12% from the same period last year. while having a net profit margin of 46%

However, if we consider the growth of each business, it is found that There is satisfactory growth and according to the target. The details are as follows:

1. Secured loan business, driven by Oxygen Asset Co., Ltd. (OXA), is the main revenue driver, accounting for 58% of total operating income. Interest income totaled 307 million baht, an increase of 89 million baht or 41% compared to the same period last year. Outstanding loans amounted to 5,990 million baht, approaching the target of 6,100 million baht for the year.

2. The NPL and NPA asset management (AMC) business, through Oxygen Asset Management Co., Ltd. (OAM), generated interest income of 71 million baht, an increase of 49 million baht or 223% compared to the same period last year. This is because OAM recorded interest income for the first time in the second quarter of 2023. Currently, it manages a debt portfolio valued at 3,824 million baht.

3. The real estate development business for sale, operated by TN&Alliance Co., Ltd. (TNLA), generated revenue of 148 million baht, an increase from 139 million baht or 6%, with property transfers remaining on target.

Operating results for the first half of 2567 continue to grow continuously. and according to the satisfactory goals by economic recovery and government economic stimulus measures This gives a good signal in terms of borrowers' repayment ability. and increasing demand in the real estate sector

Meanwhile, high household debt levels result in more NPLs entering the market. This gives the company an opportunity to purchase NPLs and NPAs at a satisfactory price for the asset management business. Even debt collection faces challenges. But the company still places importance on conducting business with care and caution. and manage risks effectively

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