FSMART reports B390 million in 9-month net profit

Forth Smart Service Plc (FSMART) has reported 1.89 billion baht in total revenue and 390 million baht in net profit in the first nine months of this year.

Boonterm top-up machines continued to be the company’s main revenue base, with financial transactions amounting to 25.97 billion baht from January to September, managing director Narongsak Lertsuptavee said on Friday.

The company operates 114,405 top-up machines nationwide.

Meanwhile, revenue from interest in the company’s lending business rose by 14.5% year-on-year to 271 million baht. Outstanding loans stood at 1.83 billion baht, up by 23.5% from a year earlier.

According to Mr Narongsak, in the third quarter of 2026 FSMART generated 628 million baht in revenue and 121 million baht in net profit, down from 139 million a year earlier, as consumers were more careful in their spending amid the high cost of living, household debt and severe flooding.

Revenue from its lending business in the third quarter was 102 million baht, up by 19.1% year-on-year and 20.1% from the previous quarter.

The company, which is listed on the Market for Alternative Investment, plans to introduce international money transfer services in the fourth quarter of this year, targeting migrant workers.

FSMART has also continued to expand its GINKA Charge Points for electric vehicles and plans to introduce charging stations with its Tao Bin Café vending machines.