TBN Corporation Public Company Limited, or TBN, a leader in Mendix Low-Code technology, has undertaken a major organisational restructuring that reduces personnel costs by approximately 20% per quarter, with the effects expected to become clearly visible from the third quarter of 2026 onward. This follows second-quarter 2026 results that were hit by one-time expenses related to the restructuring. Chief Executive Officer Panayu Sirikrachangsri told Than Hoon that third-quarter 2026 earnings are trending toward recovery, and the company aims to turn its performance around in 2027. In its end-to-end loan system solutions business, as of 30 June 2026 TBN had a backlog of approximately 274 million baht, comprising 123 million baht to be recognised as revenue during 2026 and roughly 151 million baht to be recognised from 2027 onward, not including additional recurring revenue that may come in. The company also sees growing opportunities as financial institutions increasingly sell off non-performing loans, and expects to close at least two new debt management system deals within 2026, covering both banks and non-bank operators. It is also in discussions with Virtual Bank clients, with a deal expected to close by the end of 2026 and clear revenue recognition beginning in 2027.
TBN Corp. PCLRestructuring cuts personnel costs ~20% per quarter, with Q3 2026 earnings trending toward recovery and a 2027 turnaround targeted.
