Chayo Group Public Company Limited, together with its subsidiaries, invests in and manages non-performing assets. Its activities include debt negotiation and collection, managing non-performing assets acquired through purchases, and transferring secured and unsecured non-performing assets from financial institutions and credit facility companies. The company also provides loan and recruitment services, call center services, and manages auctions of secured and unsecured debts and non-performing loans from non-financial companies. It serves financial institutions and private companies in the information and communication technology sector, was incorporated in 1997, and is based in Bangkok, Thailand.
CHAYO pushes loans through Chayo Capital app, targets 2026 profit of around 300 million baht
Chayo Group Public Company Limited, or CHAYO, is pressing ahead with expanding its personal loan base, focusing on Advance or emergency loans through the Chayo Capital application, targeting an increase of around 5,000 to 10,000 app-based customers this year, up from the current base of around 2,000 to 3,000 such customers. Chief Executive Officer Suksan Yosain opened up that hitting that target will help support revenue from the lending business to expand, from its current share of around 2% of revenue. The main revenue structure still comes from the debt management and debt purchase business at around 90%, followed by debt collection services at around 4-5% and the business of supplying workers to factories at around 3%. As for the earnings outlook for 2026, the company is maintaining its profit target at the parent company level of approximately 300 million baht, after turning a profit of around 201.73 million baht in the first half of 2026. Meanwhile, on the partial repayment of principal on all five series of debentures, namely CHAYO25NA, CHAYO263A, CHAYO26OA, CHAYO273A and CHAYO279A, with a combined value of approximately 3.9329 billion baht, the company plans to repay around 10% of the principal across all five series within 2026. It has already repaid four series, leaving the fifth, which falls due in November 2026, and it has prepared liquidity to cover it. The company has an interest-bearing debt-to-equity ratio of 0.97 times, and stands ready to acquire additional new non-performing debt portfolios at appropriate price levels, while continuing to develop its competitiveness by bringing in technology and artificial intelligence systems to help manage costs more efficiently.
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CHAYO.BK · Capital · Positive Company maintains its 2026 parent-level profit target of ~300 million baht after a ~201.73 million baht H1 profit, and plans to repay ~10% of principal on its five debenture series.
CHAYO.BK · Demand · Positive CHAYO is expanding its personal/emergency loan base via the Chayo Capital app, targeting 5,000-10,000 new app customers this year to grow lending revenue.
CHAYO tightens debt screening to handle shrinking NPL auction market, targets 300 million baht net profit this year
CHAYO Group Public Company Limited, or CHAYO, has adjusted its strategy to focus on rigorously screening debts entering its portfolio, while accelerating cash collection and restructuring debts to give debtors longer repayment periods, keeping its net profit target for this year at 300 million baht. Chief Executive Officer Suksan Yosain opened up that the volume of non-performing loans entering the auction market in the third and fourth quarters of this year was lower than expected, especially debts valued below 100,000 baht, which under Bank of Thailand policy will be forwarded to Sukhumvit Asset Management Company Limited, or SAM. Meanwhile, secured non-performing loans are still coming to market, but some banks have chosen to delay sales to wait for suitable prices. The company estimates this situation may continue into the second quarter of 2570. The company has lowered its 2569 revenue forecast to 1.5-1.6 billion baht from its original target of 2 billion baht, based on calculations of expected credit losses, or ECL, and the effective interest rate, or EIR. It has set full-year ECL provisions at no more than 800 million baht, compared with about 340 million baht in the first half, and expects the remaining period of the year to be about 460 million baht. On debt collection strategy, the company has extended repayment periods from about 1 year to roughly 1.5-2 years, while reducing discounts given to debtors, increasing the amount collected over the life of the debt. Although average monthly revenue will decline in the short term, the internal rate of return, or IRR, remains at the same level. In addition, CHAYO has proposed two approaches to the government: setting a clear timeframe for debtor assistance measures, and allowing debtors who have repaid or restructured their debts to access new loans again.
CHAYO.BK · Capital · Neutral Full-year ECL provisions set at up to 800 million baht and a lowered revenue forecast weigh on earnings, though the 300 million baht net profit target is maintained.
CHAYO.BK · Demand · Negative Lower-than-expected NPL auction volumes and delayed bank sales cut the supply of debts CHAYO can acquire, forcing a revenue forecast cut to 1.5-1.6 billion baht.
Sukhumvit Asset Management Company Limited · Regulation · Neutral Bank of Thailand policy routes sub-100,000-baht NPLs to SAM, but the article does not state how this affects SAM's own business.
CHAYO first-half profit rises 15%, cash collection up 14%
Chayo Group Public Company Limited, or CHAYO, reported first-half 2026 net profit attributable to the parent of 201.73 million baht, up 15.46% from the same period last year. Cash received from debt collection totaled 465.65 million baht, up 13.91%, while expected credit losses fell 25.75% to 317.04 million baht. Total revenue was 923.65 million baht, down 15.13%, and total net profit was 227.17 million baht, down 4.33%. For the second quarter of 2026, net profit attributable to the parent rose 4.6% to 98.95 million baht, and expected credit losses fell 25.68% to 160.38 million baht. The company targets net profit attributable to the parent of no less than 300 million baht for 2026, with continued growth of 20% per year, using technology and AI to help manage its non-performing loan portfolio, which currently has about 100 billion baht under management.
CHAYO eyes more NPL purchases, current portfolio at 98 billion baht, maintains 2026 profit target of at least 300 million baht
CHAYO stated that if the government extends the Thai Chuay Thai Plus Phase 2 measures, it will help boost customers' purchasing power and debt repayment ability. The company plans to purchase additional non-performing loans on top of its current total NPL management portfolio of approximately 98 billion baht, which is expected to generate revenue for at least another seven years. The debt management and purchase business group accounts for about 90 percent of main revenue. Meanwhile, the lending segment through its subsidiary Chayo Capital has a customer base of around 2,000 to 3,000 accounts and plans to continuously expand its customer base. For the 2026 profit target, the company maintains its goal of no less than 300 million baht. Regarding liquidity, the company has received approval from bondholders of all five series, with a total value exceeding 3,932.90 million baht, to extend the redemption period by another two years, and has gradually repaid part of the principal on four series, with one remaining series due in November 2026.
CHAYO.BK · Demand · Positive Plans to purchase additional NPLs, expanding its core debt management portfolio which generates revenue for at least seven more years.
Thailand