LH Financial Group Public Company Limited (SET: LHFG) has announced its 1Q25 consolidated financial statement through the Stock Exchange of Thailand as follows:
| Quarter | 1Q25 | 1Q24 |
| Net Profit (Loss) Million Baht |
695.84 | 399.20 |
| Earning Per Share (Baht) |
0.0330 | 0.0190 |
| % Change | 74.31 | |
LHFG reported a net profit of Baht 695.8 million, increased 74% when compared to the first quarter of 2024. The increase was due to the increase in net fees and service income and decreased in expected credit losses.
In the first quarter of 2025, net interest income amounted to Baht 1,829.5 million, increased by 7.7% when compared to the first quarter of 2024. Meanwhile, net non-interest income amounted to Baht 350.4 million, decreased by 7.4% when compared to the first quarter of 2024, mainly due to the decrease in gains (losses) on financial instruments measured at fair value through profit or loss and gains on investments.
In the first quarter of 2025, the expected credit losses amounted to Baht 165.7 million, increased by 10.4% when compared to the fourth quarter of 2024 and decreased by 68.5% when compared to the first quarter of 2024. As a result, in the first quarter of 2025, the coverage ratio stood at 172.94%.
As of 31 March 2025, non-performing loans (Gross) amounted to Baht 7,394.5 million, increased by Baht 630.5 million or 9.3% when compared to the end of the year 2024. NPL ratio was 2.51% of total loans (Interbank and money market items included) when compared to the end of the year 2024 which was 2.34%.
