PETALING JAYA: Aeon Credit Service (M) Bhd
maintains a cautious business stance due to ongoing global trade and tariff policy uncertainties, prevailing geopolitical tensions, inflationary pressures and volatility in global financial markets.
For its first quarter ended May 31, 2025 of financial year 2026 (1Q26), AEON Credit saw a 27% year-on-year (y-o-y) decline in its net profit to RM77.5mil, or an earnings per share of 15.19 sen, due to a higher operating and interest expense, lower other income and higher losses from an associate.
Revenue, on the other hand, was up by 15% y-o-y to RM599.92mil, mainly attributable to stronger loan and financing growth.
In 1Q26, the group said the non-performing loan ratio increased to 2.57% as compared to 2.46% as at May 31, 2024, and corrective action has been taken to address the rise.
