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* Remark: As of January 9, 2026, KTC Prepaid Company Limited received approval from the Bank of Thailand to return its business licenses. Consequently, Krungthai Card Public Company Limited has officially notified the Stock Exchange of Thailand regarding the dissolution of the subsidiary's status.

KTC operates in retail consumer finance business including unsecured loan which are credit card and personal loan business. As of 2Q2026, Total receivables are stated below.

The revenue structure of KTC consisted of interest income and fee income from two main businesses: credit card business and personal loan business, including leasing business. details shown in the chart below.

The Group maintains a stable capital structure supported by diversified funding sources, including Thai commercial banks, securities companies, insurance companies, and various investment funds. As of the second quarter of 2026, total borrowings amounted to Baht 54,428 million (including lease liabilities). The funding mix consisted of 59% long-term borrowings and 41% short-term borrowings (including current portions of long term loan and debentures due within one year). Borrowings consisted of Baht 3,550 million in short-term credit line from Krungthai Bank and related parties, Baht 6,350 million from other financial institutions, Baht 10,000 million in long-term loan from Krungthai Bank, and Baht 34,148 million in debentures (representing 63% of total borrowings). This reflects investor confidence in the Company and its ability to access the debt markets.

Apart from capital structure management, the Group remains focused on maintaining financial discipline. The debt-to-equity ratio (D/E ratio) declined to 1.43 times in the second quarter of 2026 from 1.64 times from the same period last year. The decline was primarily attributable to retained earnings, which strengthened the capital base to support future business growth, as well as lower borrowings utilized for loan expansion, in line with the Company's prudent loan portfolio growth amid economic uncertainty.

The D/E ratio currently remains well below the debt covenant threshold of 10 times, providing significant financial flexibility to support future business expansion or absorb potential economic volatility.

Liquidity: In the second quarter of 2026, the Group reported Baht 21,390 million available credit line, compared with Baht 11,330 million of debentures and long-term borrowings maturing in 2026. This indicates a high level of liquidity relative to near-term debt obligations, reflecting a strong liquidity position and a very low level of short-term default risk.

According to Bank of Thailand data as of 10 August 2026, the industry's outstanding credit card receivables remained relatively stable at Baht 484,860 million close to the same period of the previous year, while outstanding personal loan receivables totaled Baht 864,325 million, increasing by 1.3% (YoY). The industry’s credit card spending volume in the first half of 2026 totaled Baht 1,151,522 million, increasing by 2.7% YoY. This was lower than KTC's credit card spending volume growth, with KTC spending volume reaching Baht 153,421 million and grew by 4.7% (YoY).

Amid slowing industry growth and stricter lending criteria among financial institutions, KTC continued to maintain solid market shares across all major products. During the first half of 2026, KTC maintained its market share of credit card and personal loan receivables at 14.4% and 4.2%, respectively. Concurrently, market share of credit card spending volume also increased to 13.3% from 13.1% in the same period last year.

As of the end of the second quarter of 2026, KTC reported total membership of 3,806,784 accounts, comprising 3,092,023 credit cards, increasing by 9.9% (YoY), and 714,761 personal loan accounts, increasing by 2.8% (YoY).

The company pays good attention on every step of the operation. We are very selective on approval process and performs well on debt collection. In addition, our management always pays close attention to the debt collection process. As a result, the company could perform well on debt collection and has good credit quality. Bad debt recoveries in 1H26 amounted to THB 1,890 million, a 5.0% (YoY) decrease. The Company continues to maintain effective debt collection efficiency despite challenging economic conditions.

The Group continued to maintain the quality of its loan portfolio, as reflected by the NPL ratio of 1.86% in the second quarter of 2026, which remained within the target range and close to the level of 1.83% recorded in the second quarter of the previous year. Under the separate financial statements, the NPL ratio stood at 1.62%. This was attributable to the management of loan portfolio quality through stringent customer screening and strict credit approval standards. As a result, the Group's credit cost in the first half of 2026 stood at 5.0%, down from 5.8% in the same period last year. Under the separate financial statements, credit cost stood at 5.0%, down from 5.7%.

The NPL Coverage Ratio in the second quarter of 2026 stood at a high level of 426.3% in the second quarter of 2026, increasing from 419.9% in the second quarter of the previous year. Under the separate financial statements, the NPL Coverage ratio stood at 459.6%, which also remained at a high level, reflecting a prudent and cautious approach to addressing potential future uncertainties.

The Group’s Expected Credit Loss (ECL) in 1H26 was 2,698 million baht, a 13.4% decrease (YoY), mainly due to lower write-offs and lower provisions.

The shareholders’ meeting no. 1/2003 on March 25, 2003, approved the dividend payment policy to pay approximately 40 percent of net profit after deduction of income tax and appropriation for a legal reserve since 2003 onward. The table below shows the dividend payment for the operating result during 2019 – 2025.

KTC has integrated sustainability across economic, social, and environmental dimensions into its business operations, with a commitment to conducting business responsibly, fairly, and transparently. The Company focuses on advancing innovation and digital technology to develop products and services that create value for all stakeholders while effectively reducing environmental and social impacts. This commitment aims to guide both the organization and Thailand toward sustainable growth, reflected through three sustainability pillars: Better Products & Services, Better Quality of Life, and Better Climate, under five strategic frameworks:

Governance Excellence
KTC elevates corporate governance standards to ensure transparency, accountability, and adherence to business ethics. The Company strengthens its risk management and data management systems to support operations and high-quality reporting, thereby building confidence among all stakeholders.

Green Growth
The Company pursues business growth alongside environmental stewardship through initiatives to reduce greenhouse gas emissions, enhance resource efficiency, and promote environmentally responsible behavior across the organization and its supply chain through its products and services. These efforts support national policies aimed at advancing a low-carbon economy and achieving Net Zero greenhouse gas emissions by 2050.

Responsible & Inclusive Finance
KTC develops and delivers financial products and services that enhance the quality of life for all customer segments through fair and equitable access. The Company promotes financial literacy to improve social well-being, while strengthening workforce capabilities as a key driver of the business. In parallel, KTC supports respect for human rights at both the organizational and societal levels.

Digital SD Innovation
The organization is driven by digital technology and innovation to develop value-creating products and services that respond to customer needs. These efforts are accompanied by a strong emphasis on data security and privacy for customers and stakeholders, reinforcing the Company’s sustainable competitive advantage in the digital era.

Culture Transformation
KTC fosters an organizational culture anchored in a "sustainability mindset," embedded across all operational processes and employee levels. This is achieved through the integration of sustainability objectives and key performance indicators at both corporate and business unit levels, together with continuous learning and active employee engagement, ensuring that sustainability is truly integrated into KTC’s business practices.
KTC supports the United Nations Sustainable Development Goals (SDGs). Further details can be found at: https://www.ktc.co.th/sustainability-development

➢ Target & Growth Direction

During the first half of the year, the Group continued to deliver profit growth for all stakeholders while maintaining solid asset quality in line with its planned targets. NPL ratio is expected to remain within its target range not exceeding 2%, card spending growth at 5%, and its portfolio to be maintained at the targeted level. In addition, the Company remains committed to continuously enhancing its products, services, and privileges to meet the evolving needs of members and customers, while adapting strategies in response to volatile business environment. The Group is advancing its operations toward becoming a fully digital organization while accelerating its organizational transformation to enhance operational efficiency and achieve sustainable growth amid the continued challenges of the Thai economy

➢ BOT’s Sustainable Household Debt Solution Program and Potential Impacts

KTC consistently implements long-term customer assistance measures in accordance with the Bank of Thailand's Notification No. 3/2025 regarding Responsible Lending. These measures aim to strengthen the role of service providers in managing customers throughout the entire debt cycle. KTC assesses each customer's repayment capacity to ensure that credit approval remains appropriate and does not impose an excessive debt burden. Assistance measures include reducing minimum payment requirements, converting credit card debt into long-term personal loans, providing interest rebates to ease customers' financial burden, assisting customers with Severe Persistent Debt, extending repayment relief periods, and reducing installment amounts.

KTC also participates in the Bank of Thailand's debt assistance programs, including “You Fight, We Help” and “Clear Debt, Move Forward.” Although the registration periods have ended, the Company continues to provide assistance until each process is completed.

In June 2026, the Bank of Thailand issued criteria on service fee and service standards to establish fee-charging standards for financial institutions covering 4 fee categories totaling 19 fee items. One of the measures affects KTC, namely the reduction of the credit card cash advance fee from 3.0% of the cash withdrawal amount to 2.5%. The revised fee became effective on 1 July 2026 onward.

The Company assesses that these programs and debt relief measures will not have a material impact on the Group's overall operating performance. Further details on debt assistance measures are available at the link below https://www.ktc.co.th/en/about/news/measure