But its loan portfolio contracted and net interest income dropped 8%.

SCB X Public Company Limited (SCBX) reported a net profit of $1.51b (THB47.49b) for 2025, 8.1% year-on-year (YoY) higher than the previous year.

Higher gains on investments, and increased fee income from the strong performance of its wealth management business, contributed to the higher profits.

SCB X also saw lower operating expenses after its divestment of the Robinhood business in 2024 and cost control, it said in a press statement published on 21 January 2026.

Net interest income declined 8% YoY to $3.8b (THB119.12b), on the back of a narrower net interest margin (NIM) following four policy rate cuts in 2025.

SCB X said that its loan portfolio contracted 2.1% from “prudent new loan underwriting.”

Fee and other income rose 2.6% You to $1.33b (THB41.7b), driven by strong performance of its wealth management business. Transactional banking, lending-related, and other fees also performed well during the period, SCB X said.

Investment and trading income rose 369.8% YoY or more than quadrupled to THB10.77b, on higher gains from SCB Bank and SCB 10X’s investment portfolios.

Operating expenses fell by 4.7% to $2.22b (THB69.57b). Cost-to-income ratio is 40.5%.

The non-performing loan ratio (NPL ratio) is 3.29% as of end-2025, down from 3.37% in 2024.