PETALING JAYA: Aeon Credit Service (M) Bhd
says it will maintain a cautious stance due to uncertain global trade and tariff policies, prevailing geopolitical tensions, inflationary pressures and volatility in global financial markets.
For the third quarter of its financial year ending Feb 28, 2026 (3Q26), the consumer finance group’s net profit increased by 48% year-on-year (y-o-y) to RM91.8mil or earnings per share of 17.98 sen.
Revenue also rose by 11% y-o-y to RM622.4mil mainly attributable to stronger loan and financing growth.
The group’s non-performing loans (NPL) ratio increased to 2.48% as of Nov 30, compared with 2.42% for the same period last year.
AEON Credit said proactive measures had been taken to mitigate any further increase in the NPL ratio and to safeguard asset quality.
For the nine-month period ended Nov 30, AEON Credit’s net profit saw a marginal increase of 1% to RM241.6mil or earnings per share of 47.31 sen.
Revenue expanded by 13% y-o-y to RM1.84bil.
The better earnings was mainly due to the incremental increase in revenue of RM214.53mil, offset by the higher impairment losses on financing receivables by RM113mil and higher other operating expenses of RM38.05mil in line with increased transaction and financing volume.
AEON Credit said it would continue to remain prudent, placing emphasis on growing asset quality while closely monitoring the inherent credit risks in its financing portfolios.
Separately, the consumer finance group announced that its current managing director, Daisuke Maeda, 49, had been redesignated to managing director and chief executive officer effective Jan 1, 2026.
