FSMART Q1/68 profit surges to 152.76 million baht, preparing to expand new credit line, pushing portfolio to 2,000 million baht

FSMART Q1/68 highest profit since the company opened at 152.76 million baht, up 63.5%, income 679.66 million baht, highlighting outstanding loan results of more than 1,324 million baht, preparing to expand another 1-2 organizations and increase new loan limits, pushing the portfolio to 2,000 million baht

Mr. Narongsak Lertsubthavee, Managing Director of Forth Smart Services Public Company Limited ( FSMART ) , a provider of comprehensive financial services under the "Boontem" brand and electric vehicle charging stations "GINKA Charge Point," operates under the vision of "Sustainable Innovation for a Better Life."

Revealing the operating results for the first quarter of 1, the company had a total income of 2568 million baht, an increase of 679.66% compared to the previous year's income of 14.8 million baht, while net profit was 592.16 million baht, an increase of 152.76% compared to the same period last year, which had a net profit of 63.5 million baht, which is considered a new record high since the company was established.

The comprehensive lending business, "Boontem Ready Cash," remains a highlight driving continuous growth, managed and operated by Forth Smart Capital Co., Ltd., a subsidiary of FSMART. Currently, it has a total loan portfolio valued at more than 1,324 million baht, an increase of 230.9% from the same period in 2567, which had a balance of only 400 million baht.

Able to support market growth and increasing demand for loans in the future, such as personal loans and loans for purchasing electrical appliances or mobile phones.

For regular income customers of large organizations with more than 1 million members who operate through convenient, fast and secure online channels.

The company plans to expand similar services to an additional 1-2 large corporate clients and introduce a new loan service, "Agricultural Happiness Multiplier Loan," a loan for purchasing agricultural products and equipment, as well as a wider range of other products in the future. This aims to drive loan portfolio growth to over 2568 billion baht by the end of 2,000, while maintaining a non-performing loan (NPL) ratio below 3%.

The company stands firm in being a financial service channel that is easily accessible and meets the needs of users through both online and offline channels, with growth rates in line with the established guidelines.

The automatic top-up and payment business is still the company's main source of income. From the number of Boonterm machines providing services, 119,702 machines and more than 3,800 cashier counters of partners nationwide, the value of transactions via Boonterm machines is 8,998 million baht.

The company has added new services to align with the behavior of its 14 million customer base and provide options for new customer groups. These include the "Easy Transfer, Fast Receipt" service , a cash deposit/transfer service that doesn't require a bank passbook. Customers only need their national ID card and phone number to complete the transaction at a Boonterm kiosk or Big C cashier counter, and receive cash immediately at the Big C cashier counter.

Including plans to expand deposit and money transfer services through the company's channels for foreign customer groups (CLMV) as well.

The electric vehicle charging business segment, GINKA Charge Point (or Chameleon EV), has already installed 354 charging points out of a target of 1,000 points this year, including both AC and DC systems, to meet the growth of the electric vehicle market.

The company recently installed a 40kW DC charger at Future Park Rangsit and is in the process of installing a 120kW charger at Omakase Car, Klang Dong branch, Nakhon Ratchasima, to build on the current 7kW and 22kW AC chargers.

In addition, the company also received a share of profits from its 26.71% stake in Fort Vending Co., Ltd. , which manages vending machines for freshly prepared beverages under the "Taobin" brand , and which saw increased sales compared to the previous quarter.

From the above, the company still targets overall growth in 2568 at 10-15% from 3 business groups, both top-up and automatic payment business groups to generate consistent income, bank agent business and loans that will expand the credit limit by two times.

Including income from the GINKA EV charger business group and profit sharing from "Turtle Flying" which has a plan to continue developing new innovations such as ice machines, soda machines, fresh fruit coolers with a system to order fruit juice blending on demand to expand the customer base in other groups, increase income and reaffirm the leader in the automatic vending machine market with new innovations to provide customers with choices all the time.

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