Business Performance
BAM is ready to support the financial institutions systemin the revival of distressed assets to drive Thai economy and society towards sustainable growth.
Non-performing Loans
Q3/25: Income from NPLs increased YoY mainly due to improved profit margins from foreclosure activities.
Non-performing Assets
Q3/25: Income from NPAs decreased YoY due to a decrease in profit margins from NPA sales.
Expenses and Others
- Q3/25: Total operating expenses decreased YoY mainly due to the company’s cost control policy.
- Additional ECL increased YoY due to transfer of collateral from debtors on the Company's accounting matter.
Collection Proportions 9M/2025
Non-performing Loans
NPLs Collection
Million Baht
NPLs Collection
Non-performing Assets
NPAs Collection
Million Baht
NPAs Collection
2025F
Collection Target
Million Baht
| 2022 | 2023 | 2024 | 2025F | |
|---|---|---|---|---|
| NPLs | 10,115 | 8,452 | 8,630 | 10,800 |
| NPAs | 6,836 | 6,698 | 6,531 | 7,000 |
| Total Collection | 16,951 | 15,150 | 15,161 | 17,800 |
| Unit : Million Baht | Q3/2024 | Q2/2025 | Q3/2025 | %YoY | %QoQ | 9M/2024 | 9M/2025 | %YoY |
|---|---|---|---|---|---|---|---|---|
| Operating Income | ||||||||
| Income from Loans Purchased of Receivables (NPLs) 1 | 1,423 | 2,102 | 1,904 | 34 | (9) | 4,402 | 5,360 | 22 |
| Income from Sale of Properties for Sale (NPAs) | 498 | 1,884 | 336 | (33) | (82) | 1,829 | 2,612 | 43 |
| Other Operating Income | 62 | 62 | 96 | 55 | 55 | 159 | 258 | 62 |
| Total Operating Income | 1,983 | 4,048 | 2,336 | 18 | (42) | 6,390 | 8,230 | 29 |
| Operating Expenses | 715 | 926 | 734 | 3 | (21) | 2,124 | 2,295 | 8 |
| Interest Expenses | 824 | 816 | 785 | (5) | (4) | 2,397 | 2,414 | 1 |
| Total Operating Expenses | 1,539 | 1,742 | 1,519 | (1) | (13) | 4,521 | 4,709 | 4 |
| Profit Before Income Tax expenses and ECL | 444 | 2,306 | 817 | 84 | (65) | 1,869 | 3,521 | 88 |
| Expected Credit Loss (Additional) 2 | 196 | 653 | 602 | 207 | (8) | 537 | 1,381 | 157 |
| Total Income Tax | 49 | 359 | 31 | (37) | (91) | 253 | 445 | 76 |
| Net Profit | 199 | 1,294 | 184 | (7) | (86) | 1,079 | 1,695 | 57 |
Note:
1 Income from NPLs excludes interest income – part of accrued receivables. 2 Expected credit loss (additional) excludes ECL related to income from NPLs – accrued interest receivables. 3 This table is abridged version of FS in equity method, and the summation of some figures may not add up due to rounding.