SGC Capital Public Company Limited, or SGC, will hold a shareholder meeting on September 29, 2026, to consider a resolution to transfer its legal reserve and share premium on ordinary shares to offset accumulated losses under its separate financial statements, which will leave its shareholders' equity structure with no remaining accumulated losses. Managing Director Anothai Sriteepech said that clearing the accumulated losses will benefit all shareholders, and if the company generates profits, the board will have the authority to consider paying dividends as appropriate, with hopes of returning to dividend payments in 2027 after having paid only once in the early period following its listing on the stock exchange in December 2022. Meanwhile, the sale of the C4C cash-generating auto loan portfolio, which accounts for about 8% of the total loan portfolio, is a small transaction that does not require shareholder meeting approval. For the third-quarter 2026 outlook, new loan origination is expected to grow better than in the second quarter, both quarter-on-quarter and year-on-year, driven by higher loan demand in the second half of the year than in the first half and by rising mobile phone prices due to higher chipset and memory costs, which increases the credit limit per device. The company has returned to continuous net profits for eight quarters, or about two years, and full-year 2026 results are expected to reach a record high. The Lock Phone new loan origination target for this year remains at 14 billion baht, while Hyper Charge loans and C-CONSOL loans are targeted to originate a combined total of about 500 million baht, which is expected to drive total revenue growth of about 30% this year, plus or minus. The company has sufficient cash on hand and cash inflows to support its new loan origination plan throughout the year, and real transactions from the cash-generating auto loan business are expected to begin in the fourth quarter of 2026, or from October onward, after it completes document verification and operational procedures with its existing partner. As for its long-term strategy, the company is applying device-locking technology to loans for electrical appliances such as air conditioners, refrigerators, and washing machines to control and reduce its non-performing loan ratio.
SG Capital PCLShareholder meeting to transfer legal reserve and share premium to clear accumulated losses, enabling potential dividend return in 2027.
