LH Financial Group Public Company Limited

The board of LH Financial Group approved an interim dividend of 0.02 baht per share from operating results for the period from 1 January 2026 to 30 June 2026. The record date for shareholders entitled to receive the dividend is 7 September 2026, and the ex-dividend date is 4 September 2026, with payment scheduled for 21 September 2026. LHFG shares closed at 1.24 baht, down 0.01 baht or 0.80%, on turnover of 4.86 million baht.

Land and Houses Bank Public Company Limited, or LH Bank, has signed a cooperation agreement with P U U N Intelligent Company Limited, or PEAK, a leading online accounting platform for SME businesses, to enhance the capabilities of SME entrepreneurs through the integration of financial services and digital accounting technology. This collaboration links LH Bank's Cash Management and LHB Biz Connect services with PEAK's online accounting platform. LH Bank customers using LHB Biz Connect or Cash Management will receive a free three-month trial of PEAK PRO Plus worth 3,600 baht per month, and a discount of up to 500 baht for PEAK Academy. PEAK customers who sign up for LHB Biz Connect or Cash Management from LH Bank will receive a waiver of the LHB Biz Connect annual fee worth 2,000 baht, along with special transfer fee rates, special foreign exchange rates, and unsecured business loans subject to the bank's conditions. These privileges are valid from 1 July to 31 December 2026.

Quality Houses Public Company Limited, or QH, reported a second-quarter net profit of 458.03 million baht, up 36.99% from the same period last year, supported by higher profit sharing from associates and cost controls. Profit sharing from associates in the quarter was 453 million baht, up 16% from a year earlier, comprising 325 million baht from Home Product Center, up 17%, and 96 million baht from LH Financial Group, up 26%. Administrative expenses fell 10% to 308 million baht, and financial costs dropped 30% to 37 million baht after gradual debt repayment. For the first six months, net profit was 921.35 million baht, up 25.12% from a year earlier. In addition, the board approved an interim dividend of 0.02 baht per share, with the XD date on 26 August 2026 and payment on 10 September 2026.

Gunkul Engineering, or GUNKUL, has signed an agreement with Land and Houses Bank for a total sustainability-linked credit facility of 1 billion baht. The funds will be used to develop clean energy projects currently underway and awaiting revenue recognition, totaling over 1,400 megawatts in Thailand and the Philippines. Domestic projects include solar and wind power with commercial operations scheduled gradually from 2027 to 2030, while a floating solar farm in the Philippines is set for commercial operation by late 2027. This partnership reflects confidence in GUNKUL's potential, with a renewable energy project portfolio exceeding 2,121 megawatts and over 40 years of energy engineering experience.

Land and Houses Financial Group reported total net profit for the first half of 2026 of 1.539 billion baht, up 37.3% from the same period last year. The commercial banking business posted profit growth of around 25%, the securities business expanded over 200%, and the asset management business grew about 80%. Total loans at Land and Houses Bank stood at 302.153 billion baht, expanding 6.7% from the first half of last year and growing 15.9% from the end of 2025, driven mainly by loans related to foreign direct investment, which have already expanded over 27% in the first half. The bank targets full-year growth of 50%, benefiting from the relocation of production bases by Taiwanese and Chinese investors in high-tech industries such as printed circuit boards and artificial intelligence components. The non-performing loan ratio was 2.56%, below the industry average, and the loan loss reserve to non-performing loan ratio remained strong at 144%.

LH Financial Group, or LHFG, is confident its operating results in the second half of 69 will show outstanding growth, focusing on expanding business loans both domestically and internationally linked to foreign direct investment, or FDI, while setting aside lower provisions than in the first half. In the first half of 69, the group posted a net profit of 1.53 billion baht, up 37.3 percent from the same period last year, with total assets of 425 billion baht, growing 6.6 percent from the end of 68. Meanwhile, subsidiary Land and Houses Bank targets total loan growth of 10 to 12 percent for 69, having already grown 6.7 percent in the first half, and will emphasize foreign business loans receiving FDI, especially the AI trend, aiming for 50 percent growth this year. The non-performing loan ratio, or NPL, will be kept from exceeding 3 percent, from 2.56 percent in the second quarter of 69, and provisioning in the second half will decline after sufficient reserves were set aside earlier.

Land and Houses Bank, or LH Bank, has confirmed that news reports concerning Mr. Anant Asavabhokin have no impact on its management or business direction, as Mr. Anant has not been involved in the bank's management for a long time. The shareholding structure is held through Land and Houses Public Company Limited, which holds a 30% stake in LH Financial Group, or LHFG. For this year's strategy, the bank still targets total loan growth of 10 to 12%, focusing on SME loans, retail loans, and home loans, while expanding its International Business, which is expected to grow by about 50%, driven by foreign direct investment, especially from high-tech industries in China and Taiwan relocating production bases to Thailand. In the first half of the year, the bank expanded its International Business by 27%, with main customers being entrepreneurs in electronic components, AI, and electronic circuit board industries. Many projects have completed factory construction and are entering production and export phases, leading to continued growth in demand for financial services such as international business loans, foreign exchange transactions, and trade finance. Fee income continues to be supported by financial transactions, sales of mutual funds investing in foreign technology sectors, and bancassurance. Meanwhile, income from foreign exchange transactions is also boosted by the expanding base of import and export customers amid baht volatility. For net interest margin, or NIM, the bank expects the policy interest rate to remain stable throughout the year and will continue to manage financial costs while increasing the proportion of high-yield loans to improve NIM in the second half, particularly in SME and retail loans. Regarding asset quality, the non-performing loan ratio, or NPL, stands at 2.56%, a slight increase due to pressure in the SME segment affected by economic conditions and higher operating costs. However, the bank expects provisioning in the second half to remain at a similar level or decline slightly after careful loan portfolio management. In addition, LH Bank targets sustainable loan issuance of 6 billion baht this year, having already achieved about 5.8 billion baht, and sets a long-term goal to increase the sustainable loan portfolio to 30 billion baht within five years to support businesses investing in machinery efficiency and greenhouse gas emission reduction. To support SMEs, the bank uses the FLY program to analyze industry potential for faster loan approvals, along with credit guarantee mechanisms from the Thai Credit Guarantee Corporation, or TCG, to help manage risk and increase access to funding for small entrepreneurs. As for the baht direction in the third quarter, the bank assesses that it may weaken due to high oil prices, the low tourism season, and the interest rate differential between Thailand and the United States. However, the baht is expected to strengthen towards the end of the year, supported by the high tourism season and stronger economic activity.

Land and Houses Bank, or LH Bank, reported that its international business loans grew 27% in the first half of 2026, supported by foreign direct investment inflows and the network of its Taiwan-based parent, CTBC Bank. Chief Executive Officer and Managing Director Qi Qing-Fu stated that FDI-related loans grew 50% last year and are expected to achieve another 50% growth this year, in line with targets. The bank aims to increase the proportion of its international loan portfolio from 8% to 10% of total loans by 2027. Additionally, trade finance income surged 148% and foreign exchange income rose 75% in the first half. Overall, the bank posted a net profit of 1.38 billion baht, up 24.9% from the same period last year, with total loans of 302.15 billion baht, growing 6.7% from the end of 2025.

Eleven Thai commercial banks reported combined net profit for the first half of 2026 at 134.043 billion baht, down 0.34% from the same period last year. Kasikornbank posted the highest net profit at 27.915 billion baht, up 6.22%, while Krungthai Bank recorded net profit of 24.562 billion baht, up 7.6%, and SCB X reported net profit of 21.312 billion baht, down 16%. Bangkok Bank had net profit of 20.491 billion baht, down 16.21%, and Bank of Ayudhya posted net profit of 16.912 billion baht, up 6.8%. Among mid-sized banks, TMBThanachart Bank reported net profit of 10.683 billion baht, up 6%, Kiatnakin Phatra Bank posted net profit of 4.078 billion baht, up 65%, Tisco Bank had net profit of 3.497 billion baht, up 6.4%, LH Financial Group reported net profit of 1.538 billion baht, up 37.32%, and CIMB Thai posted net profit of 1.488 billion baht, up 47.03%.

Land and Houses Bank, or LH Bank, has launched a home loan campaign called "Stay One Year, Refinance Right Away – Unlock Traditional Loan Contracts" for customers who sign contracts and register mortgages between 1 July 2026 and 31 October 2026. Customers can request the bank to consider adjusting the interest rate after making repayments for one full year, without waiting for the contract to reach three years, subject to repayment history meeting the bank's criteria. This campaign covers new home loans, second-hand home loans, and home refinancing loans, with a maximum credit line of 200 million baht and effective interest rates over the contract term ranging from 4.34% to 4.57% per annum, depending on the loan type. Customers can apply through LH Bank branches, the LHB You application, or the bank's website.

LH Financial Group Public Company Limited, or LHFG, reported a second-quarter 2026 net profit of 696.08 million baht, up 26.34 percent from 550.96 million baht in the second quarter of 2025. The increase was driven by a 227.3 percent jump in net gains on financial instruments measured at fair value through profit or loss to 87.4 million baht, and net fee and service income which grew 79.2 percent to 344.6 million baht. Net interest income rose 15.1 percent to 1.918 billion baht, thanks to efficient financial cost management. For the first six months of 2026, net profit stood at 1.539 billion baht, a 37.28 percent increase from 1.121 billion baht in the same period last year.