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Electric Power Finance Joint Stock Company (EVF) has maintained its growth momentum following the directions approved at its 2025 Annual General Meeting, with Q1 2026 results showing profit growth of 8.1% year over year.
The Q1 2026 profit increase reflects both an expansion in credit scale and improved portfolio diversification, which reduces reliance on traditional lending. EVF also reported higher income from digital technology application activities and non-interest income. In parallel, optimization of capital costs and continued cost control supported overall profit margins.
EVF reinforced operational efficiency through a lean operating model. The cost-to-income ratio (CIR) reached 11.01%, a very low level relative to the market, indicating effective cost management even as the business expands.
Management at the AGM indicated that EVF’s low-cost base and digitization strategy will remain core factors in improving operating efficiency going forward.
EVF has completed about 24.9% of its 2026 profit plan after the first three months of the year. The execution pace is described as positive, providing room to pursue the full-year target despite ongoing volatility in financial markets.
A key bright spot in EVF’s financial picture is asset quality. The non-performing loan (NPL) ratio stood at 0.83%, below 1% and among the lowest in the industry, reflecting risk management capabilities and a prudent lending orientation.
Overall, the Q1 2026 results suggest EVF is on track to meet the goals set for 2026. With the growth platform established since 2025 and favorable early-year outcomes, EVF is expected to continue standing out among financial sector peers, supported by operating platform advantages, credit discipline, and its long-term development strategy.
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