AEONTS Q2 profit falls 19% as provisions surge, declares 3 baht dividend

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AEON Thana Sinsap (Thailand) Public Company Limited, or AEONTS, reported net profit of 642 million baht for the second quarter of 2026, down 18.8% from the same period a year earlier and down 19.0% from the previous quarter. That brought first-half net profit to 1.435 billion baht, down 8.2% from the same period a year earlier. The main pressure came from expected credit loss provisions of 2.061 billion baht, up 8.0% from the same period a year earlier and up 23.2% from the previous quarter, to cushion against asset-quality challenges in the domestic hire-purchase loan segment and the loan portfolio in Cambodia. The non-performing loan ratio stood at 5.9%, while the ratio of allowance for doubtful accounts to non-performing loans remained strong at 166%. Total revenue in the second quarter of 2026 was 5.154 billion baht, down 5.8% from the same period a year earlier amid more cautious lending, but other income rose 7.5% to 1.108 billion baht, driven by 616 million baht in recovered bad-debt collections and a 144 million baht extraordinary gain from the sale of written-off receivables. The board also approved an interim dividend of 3.00 baht per share, with a record date of October 22, 2026 and payment on November 6, 2026. The board further resolved to waive its right to subscribe to new shares in its subsidiary AEON Specialized Bank (Cambodia) Plc., or ASBC, worth 3.5 million US dollars, or about 216.52 million baht, which will reduce its stake in ASBC from 50.00% to 43.01% once the capital increase is completed.

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AEON Specialized Bank (Cambodia) Plc.i
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AEONTS waived its right to subscribe to ASBC's capital increase, cutting its stake from 50.00% to 43.01%.