Corporate News

Bangkok – 28 April 2025: Mr. Kittichai Treeruchatapong, Chief Executive Officer of Thanulux Public Company Limited (TNL), a member of the Saha Group and BTS Group, announced that the Annual General Meeting of Shareholders held on 28 April 2025 approved the dividend payment for the fiscal year 2024 at a rate of THB 0.40 per share, totalling approximately THB 122 million. The record date for eligible shareholders is set for 7 May 2025, and the dividend payment will be made on 23 May 2025.

This dividend reflects TNL’s strong financial standing and its ability to consistently deliver quality returns to shareholders, even amid challenging economic conditions. It also reaffirms the company’s commitment to creating long-term sustainable value for its shareholders.

Despite persistent global economic pressures in 2025, including inflation, geopolitical uncertainties, and risks stemming from tight monetary and tax policies, TNL has maintained operational stability. The company targets total revenue of THB 1.27bn for the year, representing 13.3% growth from the previous year, driven primarily by its secured lending, asset management (AMC), and property development businesses.

Within its secured lending business under Oxygen Asset (OXA), the company continues to place strong emphasis on prudent asset quality management amid rapidly changing market conditions. It aims to expand its loan portfolio to THB 7.1bn while further tightening credit approval standards and client selection processes.

Meanwhile, the distressed asset management business under Oxygen Asset Management (OAM) is progressing with portfolio expansion through a planned investment of THB 1.2bn in NPLs. OAM continues to strike a balance between profitability and flexibility in debt management, with a focus on boosting cash collection and supporting borrower recovery. The company expects to see significant growth in this segment, driven by two key factors: the continued high supply of NPL portfolios in the market, and the potential to unlock value from key assets currently under management. These elements are expected to strengthen revenue and enhance profitability over the long term.

At the same time, the real estate development business under TNL Alliance (TNLA) continues to operate efficiently, with several projects set for title transfer this year, including Nue Riverest Ratburana, Noble Create, Nue Hype Suksawat, and Noble Aqua Riverfront Ratburana. Additionally, active projects such as Nue Coast Khu Khot Station and Nue Core Khu Khot Station continue to receive strong market responses, reflecting the company’s consistent ability to deliver quality developments.

“TNL will continue to move forward with stability, under a strategy that emphasises prudent risk management and sustainable growth. Our goal is to create long-term value for shareholders and stakeholders across all dimensions,” Mr. Kittichai concluded.