Mr. Waravoot Tocharoentanapol, President and Head of Finance and Accounting Group of LH Financial Group Public Company Limited (LHFG), stated that Thailand's economy grew by 2.4% in 2025, driven mainly by accelerating export activities before the U.S. import tariff taking effect as well as private consumption supported by government stimulus measures. Thai economy is projected to expand by 1.8% in 2026, with domestic demand being the primary key driver. Private consumption is expected to benefit from ongoing government stimulus, low inflation, and policy interest rate cuts that help ease financial cost pressures.
In 2025, LH Financial Group Public Company Limited delivered strong performance, recording a net profit of THB 2,885.8 million, 41 % up from 2024, with total assets of THB 398,811 million-- driven by enhanced operating efficiency across all dimensions. The company also takes into account ESG aspects, evidenced by various awards, including CG awards, Quality Assessment of Annual General Meeting of Shareholders, SET ESG Ratings (AA), Certificate of ESG 100, ESG100 Decade Award, Sustainability Disclosure Recognition, and Certificate of recognition as a leading organization in the program "Climate Action Leading Organization (CALO) to Achieve the Net-zero Greenhouse Gas Emissions", etc.
Land and Houses Financial Business Group is committed to constantly driving its strategies and business directions to become a sustainable financial institution (Sustainable Finance) by integrating Environmental, Social, and Governance (ESG) factors into its operations. This includes implementing responsible lending framework of the Bank of Thailand, developing green financial products, having effective risk management while strengthening organizational resilience to foster sustainable growth hand in hand with customers and society.
Mr. Shih, Jiing-Fuh, CEO and President of Land and Houses Bank Public Company Limited or LH Bank, proclaimed that LH Bank had a net profit of THB 2,655.1 million, 32.1% up from 2024, demonstrating strong growth momentum. Total loans increased by 12.4% from all segments. Corporate loans grew by 9%, while retail loans rose by 23%, mainly from housing loans and personal loans. The bank maintained its loan quality with adequate NPL ratio below 3% and expanded its retail customer base by over 20% YoY, reflecting the success of its digital deposit products. Another key achievement was the international business expansion through collaboration with CTBC Bank, the No. 1 private bank in Taiwan, and now the parent bank of the financial business group. This partnership drove a 52% increase in loan portfolio of the international business and a 103.2% surge in FX fee income.
Besides, the bank approved more than THB 7,000 million sustainable financing, including green loans, sustainability-linked loans, and transition loans to help SME entrepreneurs shift to a low-carbon economy.
On the digital front, "LHB Biz Connect" platform has been launched to better serve corporate clients and artificial intelligence (AI) technology has also been introduced to enhance employees' productivity and deliver customer experience -- enabling more convenient, fast, and secure access to financial services.
For direction in 2026, the bank targets a loan growth of 10-12%, underpinning a prudent business model for sustainable growth and maintaining its non-performing loan (NPL) ratio below 3%. The bank's strategies highlight expanding SME portfolio using loan products tailored for targeted industry, building a growing FDI portfolio, and continue to grow fee-based income from trade finance and FX services, green finance, designing products to meet customer needs, utilizing data analytics to enhance wealth management service. The bank is committed to building wealth through accessible advisory services and personalized investment solutions.
Mr. Monrat Phadungsit, President of Land and Houses Fund Management Company Limited or LH Fund, said that the fund management performance in 2025. The company had assets under management (AUM), including property funds and real estate investment trusts (REIT), in the amount of THB 70,246 million, an increase of approximately 10% from 2024. While private funds recorded AUM of THB 13,606 million and provident funds (PVD) totaled THB 10,271 million.
In 2026, the company aims to drive quality growth with the focus on responding to the needs of investors who increasingly turn to use mutual funds as tools for diversification and long-term investment. The company sees opportunities to grow technology and innovation funds as well as ESG funds that align with global investment trends, quality fixed income funds to serve investors seeking stability and consistent returns in volatile market conditions. High-potential emerging markets in Asia and India are also key areas of interest. At the same time, LH Fund will continue driving growth through ongoing investment innovation, reinforcing its position as a first mover to roll out new investment products to the market by designing products in alignment with global trends through collaboration with best-in-class global fund houses, focusing on delivering stable and consistent returns to investors, which is a key factor in supporting asset under management (AUM) growth. This includes developing new platforms and service structures to support an open architecture investment strategy, adding more flexibility in offering products from diverse partners, and building a competitive advantage in the next stage.
Mr. Kant Athatamsuntorn, President of Land and Houses Securities Public Company Limited or LH Securities, affirmed that the securities business in 2025 experienced challenges amid a weaker Thai equity market and declining trading volumes arising from multiple pressures, particularly U.S. tax measures and geopolitical tensions. However, the market conditions began to see signs of recovery in the second half of the year, supported by accommodative monetary policies of the government. As of year-end 2025, the SET Index closed at 1,259.67 points, down by 10.04%, marking the third consecutive year of recession. Foreign net sell remained a key factor, accounting for 52.8% of total trading turnover. Meanwhile, average daily turnover stood at THB 41,045 million, a decrease of 11.8% from the previous year, reflecting a persistently fragile investment environment throughout the year.
In 2025, LH Securities focused on business transformation and adaptability to navigate ongoing market volatility and the slowdown in the Thai equity market. A key strategic priority was to reduce sole reliance on brokerage income by diversifying revenue streams from other services, including the launch of financial advisory services and the enhancement of wealth management services. Providing advice and investment solutions tailored to meet clients' needs and risk tolerance as well as effective control of expenses, the company is able to turn profitable in 2025, even though total revenue is projected to decrease by 15 percent compared to 2024, resulting from the contraction in trading volume in the Thai stock market.
For 2026, LH Securities will continue restructuring its revenue base to enhance diversification with a focus on expanding high-potential services and products. For instance, launching global trade services to add more options for clients and encourage diversification to international market. developing comprehensive solutions for wealth management segment, strengthening financial advisory capabilities to support increasingly complex fund raising and financial structuring and enhancing investment research analysis across all major asset classes to support informed decision making. Moreover, these initiatives are supported by CTBC Bank, parent company of the financial business group, by leveraging its expertise in wealth management and extensive international networks.