SAWAD (a Thai financial services company) reported Q2 2026 net profit of 1,548 million baht (+6.25% QoQ, +22.40% YoY for H1), driven primarily by its flagship vehicle title loan (จำนำทะเบียนรถ) product. The company is executing a "Selective Growth" strategy, with expanding insurance brokerage revenue (+13.19% YoY) and digital transformation initiatives (e-KYC, Mobile Lending Platform, locked-phone installment lending through 6,000+ retail partners) to improve operational efficiency and credit risk management. Operating expenses fell 11.03% YoY in H1, reflecting branch restructuring and cost discipline. The firm expects accelerating growth in H2 (peak season) and is building diversified revenue streams while maintaining strict credit underwriting standards.