AEON Credit's FY2026 Net Profit Rises To RM385.88 Mln, Declares 17.75 Sen Dividend
KUALA LUMPUR, April 7 (Bernama) -- Aeon Credit Service (M) Bhd’s net profit increased to RM385.88 million in the financial year ended Feb 28, 2026 (FY2026) from RM370.61 million in FY2025.
The rise was due to an incremental increase in revenue of RM270.945 million, offset by higher impairment losses on financing receivables of RM60.367 million and higher other operating expenses of RM66.375 million, in line with increased transaction and financing volume.
In a filing with Bursa Malaysia today, AEON Credit said its revenue also improved by 12.3 per cent to RM2.47 billion from RM2.20 billion previously.
It said the share of losses in AEON Bank for the financial year-to-date stood at RM85.221 million as compared to RM68.331 million in the corresponding preceding year, mainly due to the higher cost incurred for technology, personnel and marketing support for the launch of business banking.
“The loan loss coverage ratio stood at 195 per cent as at Feb 28, 2026, compared to 209 per cent as at Feb 28, 2025,” it added.
For the fourth quarter ended Feb 28, 2026 (4Q FY2026), AEON Credit’s net profit rose to RM144.29 million against RM130.96 million in 4Q FY2025, while revenue expanded to RM631.25 million from RM575.04 million previously.
The group declared a payout of 17.75 sen per share, comprising a 15.75 sen final dividend and two sen special dividend to shareholders on the record of depositors on July 2, 2026, for payment on July 23, 2026.
On prospects, AEON Credit said it continues to adopt a cautious and prudent business approach, taking into account the heightened geopolitical conflict in West Asia, which has disrupted global supply chains, inflationary pressures arising from higher global oil prices and volatility in global financial markets.
“The group remains focused on growing quality financing assets and closely monitoring inherent credit risks within its financing portfolio, while enhancing its information technology capabilities to improve operational efficiencies and maintain effective cost discipline.
“The group will also leverage the AEON Group ecosystem in Malaysia to further expand its customer reach,” it said.
Barring any unforeseen circumstances, the group expects to be able to sustain its business momentum through the implementation of appropriate measures for the financial year ending Feb 28, 2027.
-- BERNAMA