TQM Alpha (TQM) Q1 2026 earnings summary

Executive summary

• Sequential revenue and net profit growth in Q1 2026, driven by non-life insurance, cost efficiency, and improved profitability.

• Total assets reached 6,393 million Baht as of 31 March 2026, with equity of 3,635 million Baht and liabilities of 2,759 million Baht.

• Profit for the three-month period ended 31 March 2026 was 204 million Baht, up from 185.7 million Baht year-over-year.

• Premium growth across product types, with notable increases in life and motor segments.

• Strategic focus on digital transformation, omni-channel experience, and governance enhancements.

Financial highlights

• Q1 2026 revenue was 1,096.8 million Baht, up from 997.7 million Baht in Q1 2025.

• Net profit increased to 204.1 million Baht in Q1 2026, up from 185.7 million Baht year-over-year.

• Net profit margin improved to 21.8% from 20.0% in the previous quarter; gross margin also improved.

• Administrative expenses decreased 4.6% sequentially and 15.6% year-over-year.

• Cash and cash equivalents increased to 1,505.6 million Baht as of 31 March 2026.

Outlook and guidance

• Revenue growth target of 5-7% annually, with focus on policy persistency and sales productivity.

• Continued expansion of digital channels and customer engagement initiatives.

• Emphasis on cost optimization and workforce productivity.

• Strong cash position and increased profitability suggest positive momentum.