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    Financial - Credit Services
Krungthai Card Public Company Limited

Krungthai Card Public Company Limited

KTC-R.BK
Krungthai Card Public Company LimitedTH flagStock Exchange of Thailand
30.75
THB
- -
- -
79.28BMarket Cap
Krungthai Card Public Company Limited
KTC-R.BK
(Stock Exchange of Thailand)

Recent

price

30.75

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
4.31
3.76
3.68
3.89
4.19
4.62
5.31
5.83
6.32
6.81
6.86
6.5
7.15
7.94
8.34
8.52
8.56
Revenue per Share
0.09
-0.63
0.1
0.5
0.68
0.8
0.97
1.28
1.99
2.14
2.07
2.28
2.75
2.83
2.88
3.02
3.13
Basic EPS, GAAP
-0.05
0.1
0.47
-0.26
-0.98
-0.98
-1.92
-0.3
0.66
-1.05
1.99
3.14
-1.75
0.69
2.21
3.54
2.84
Free Cash Flow per Basic Share
- -
0.04
- -
0.04
0.2
0.27
0.32
0.4
0.53
0.82
0.88
0.88
1
1.15
1.27
1.32
- -
Dividend per Share
1.78
1.02
1.11
1.54
2.02
2.55
3.17
4.04
5.51
6.81
8.01
9.41
11.18
12.84
14.42
16.14
16.94
Book Value per Share
2.44
1.71
1.91
2.2
2.66
3.19
3.81
4.68
6.15
7.47
9.16
10.33
12.08
13.75
15.31
16.94
17.74
Tangible Book Value per Share
2,578
2,578
2,578
2,578
2,578
2,578
2,578
2,578
2,578
2,578
2,578
2,578
2,574
2,578
2,582
2,577
2,583
Basic Weighted Avg Shares
11,102
9,705
9,488
10,032
10,806
11,901
13,700
15,042
16,300
17,563
17,688
16,760
18,418
20,466
21,540
21,964
22,110
Sales/Revenue/Turnover
20.69
2.84
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
294
276
254
271
279
268
299
350
352
339
530
594
549
535
526
502
498
Depreciation Expense
224
-1,621
255
1,283
1,755
2,073
2,495
3,304
5,140
5,524
5,333
5,879
7,079
7,295
7,437
7,782
8,092
Net Income, GAAP
47.65
- -
56.37
21.73
20.46
20.76
20.19
19.93
19.9
19.99
19.94
20.22
20.49
20.05
20.26
27.7
26.67
Effective Tax Rate (%)
2.02
-16.71
2.69
12.78
16.24
17.42
18.21
21.97
31.53
31.45
30.15
35.08
38.44
35.65
34.53
35.43
36.6
Profit Margin (%)
28,523
21,787
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
24,026
28,521
25,700
28,200
25,680
29,223
41,423
43,355
45,335
46,165
43,743
43,925
45,632
52,748
50,493
42,176
40,670
LT Debt
6,539
4,862
5,191
6,128
7,368
8,733
10,322
12,577
16,352
19,735
24,112
27,084
31,576
35,845
39,900
44,019
46,192
Total Equity
2.56
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
0.5
- -
0.61
3.02
3.89
4.21
4.5
5.37
7.78
7.7
6.58
7.42
8.35
7.68
7.49
8.07
8.68
Return on Capital (%)
5
-44.86
9.27
37.45
38.16
35.13
33.81
35.53
41.74
34.79
27.92
26.18
26.7
23.58
21.15
19.75
19.54
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
9,473
14,964
10,848
LT Borrowings
46,094
42,112
40,630
LT Finance Leases
88
63
40
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,578
2,578
2,578
Market Capitalization
77,471
67,788
76,833

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
2,580
3,473
2,715
Accounts Receivable, Net
707
842
736
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
4,102
5,212
4,687
ST Debt
9,473
14,964
10,848
Deferred Revenue
3,013
3,527
3,097

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
17.7%
12.81%
10.32%
Free Cash Flow
-81.34%
9.29%
59.58%
Net Income, GAAP
15.27%
8.06%
4.63%
Sales/Revenue/Turnover
6.47%
4.6%
1.97%
Total Cash Common Dividend
17.89%
8.6%
3.94%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,271
5,318
5,407
5,544
21,540
2025
5,395
5,388
5,469
5,712
21,964
2026
5,542
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.7
0.71
0.74
- -
2.88
2025
0.72
0.73
0.76
- -
3.02
2026
0.84
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.27
2025
- -
- -
- -
- -
1.32
2026
- -
- -
- -
- -
- -
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Business
Krungthai Card Public Company Limited (KTC) operates as a leading provider of consumer finance services in Thailand, primarily engaging in credit card issuance and related services; merchant acquiring; payment processing; personal loans under supervision, including cash loans and auto title loans such as KTC PROUD Cash Card, KTC CASH Personal Loan, and KTC P BERM Car for Cash; non-life and life insurance brokerage; nano finance under supervision; electronic money services; and hire purchase and leasing to support core operations. The company offers a range of credit card products, including generic cards, co-branded cards, affinity cards, government service cards, and corporate cards, serving approximately 3.6 million accounts as of September 30, 2025, comprising 2.9 million credit card accounts and 704,536 personal loan accounts across 9 KTC TOUCH service points in Bangkok, metropolitan areas, and Chiang Mai. KTC targets salaried individuals, small business owners, and consumers earning at least 50,000 baht monthly, with a focus on digital channels for member acquisition and servicing. Founded on December 4, 1996, and listed on the Stock Exchange of Thailand on October 28, 2002, KTC is headquartered at 591 United Business Center II, 14th Floor, Sukhumvit 33 Road, Bangkok, Thailand, with Krungthai Bank Public Company Limited as its majority shareholder holding 49.29%. The company conducts all operations within Thailand, emphasizing the consumer finance segment of the financial services industry. In recent developments, KTC launched its insurance brokerage business in 2025 following approval at the Extraordinary General Meeting of Shareholders No.1/2025 and licensing from the Office of Insurance Commission, partnering with insurers to offer products via digital channels for credit card and personal loan customers. The company advanced its digital transformation strategy under the "Building a Sustainable Future Through Digital Transformation" plan for 2025, investing in IT upgrades, a new head of digital affairs, workforce upskilling, and doubling its IT team to enhance e-applications, fraud prevention, member apps, and personalized services while targeting 4-5% loan growth and adding 250,000 new credit card members. Recent partnerships include collaborations with UnionPay International (Thailand) for high-season travel promotions in late 2025 and with EVEANDBOY for year-end beauty spending campaigns leveraging KTC FOREVER points, alongside ongoing alliances with Thailand Post for car title loans and technology providers like GBG for identity fraud detection upgrades between 2024 and 2025. KTC reported strong 9-month 2025 net profit of 5,707 million baht on a total loan portfolio of 106,913 million baht as of September 30, 2025, with improved market share in credit cards and personal loans amid economic challenges.