Ngern Tid Lor Public Company Limited (TIDLOR) reported a record net profit of four thousand two hundred thirty point five million baht for 2024, marking an eleven point six percent year-on-year increase.

The company attributed this performance to expansion in its lending operations, improved net interest margins, and robust growth in its insurance brokerage business.

Total revenue reached twenty-two thousand one hundred sixty point nine million baht, up sixteen point eight percent from the previous year, primarily due to higher interest income and fee revenue.

The outstanding loan portfolio stood at one hundred three thousand nine hundred thirty-three point seven million baht, reflecting a six point six percent growth, while maintaining a non-performing loan ratio of one point eight one percent.

Non-life insurance premiums also saw strong growth, rising sixteen point four percent to reach ten thousand one hundred seventy-six point eight million baht.

In the fourth quarter of 2024, TIDLOR recorded a net profit of one thousand forty-four point five million baht, showing a fifteen point nine percent year-on-year increase and a five point four percent quarter-on-quarter improvement, largely due to a thirty point two percent reduction in credit loss provisions.

TIDLOR currently operates one thousand seven hundred seventy-eight branches nationwide.

Its Tidlor Card remains a key growth driver, with over seven hundred thirty-five thousand cards issued by the end of 2024. The company’s digital innovation, particularly the E-Withdrawal feature, accounts for seventy percent of total loan disbursements across all channels.

The company’s InsurTech Platform supports its insurance brokerage business under three key brands: Shield Insurance, Areegator, and heygoody.com.

Managing Director Piyasak Ukritnukun reported that total non-life insurance premiums exceeded ten billion baht, while outstanding loans surpassed one hundred billion baht in 2024. TIDLOR maintained strong asset quality, with a non-performing loan coverage ratio of two hundred forty-two point seven percent.

Financially, the company sustained a low debt-to-equity ratio of two point five times and had available credit facilities of twenty-six billion baht.

Its bond issuance in 2024 was oversubscribed, bolstered by an A/Stable credit rating from TRIS Rating.

Additionally, TIDLOR contributed to financial inclusion by helping over three hundred sixty-two thousand customers build financial credit and providing insurance coverage to over nine hundred ninety-nine thousand people, along with financial literacy training for more than seven hundred eighty participants.

The Office of the Securities and Exchange Commission has approved the application for a securities offering by Tidlor Holdings, with a tender offer process expected to take place in the first half of two thousand twenty-five.