IFS Capital (Thailand) Public Company Limited

IFS Capital Thailand Public Company Limited, or IFS, reported a net profit of 43.60 million baht for the first six months of 2026, up 91% from the same period last year. The jump was driven by a 27% drop in finance costs to 21.67 million baht and a 42% decline in expected credit losses to 49.19 million baht. Total revenue came in at 227.91 million baht, edging down 1%, while operating expenses rose 2% to 87.82 million baht. Income tax expense surged 312% to 24.77 million baht due to the write-off of deferred tax assets. Total assets at the end of the period stood at 4,338.10 million baht, up 3% from the end of 2025, with cash and cash equivalents rising 56% to 658.11 million baht. Total liabilities increased 6% to 2,496.96 million baht, while shareholders' equity slipped slightly to 1,841.14 million baht.