KUALA LUMPUR: Aeon Credit Service (M) Bhd
expects to sustain its business momentum over the coming year as it reported earnings and revenue growth in the financial year ended Feb 28, 2026 (FY26).
In a filing with Bursa Malaysia, the financier said it was adopting a cautious business approach given the geopolitical conflict in the Middle East, 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 asset 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.
"In addition, the group will leverage the AEON Group ecosystem in Malaysia to further expand its customer reach," it said.
In its announcement, the company said net profit rose to RM385.88mil from RM370.61mil in the previous year, translating to an earnings per share of 75.57 sen against 72.58 sen.
It attributed the higher bottomline to higher revenue, offset by the higher impairment losses on financing receivables by RM60.367mil and higher other operating expenses of RM66.375mil, in line with a 6.6% year-on-year increase in transaction and financing volume to RM8.97bil.
Revenue during the year in review rose to RM2.47bil from RM2.2bil in the previous year.
Aeon Credit reported a share of losses for its associate company, AEON Bank, amounting to RM85.22mil as compared to RM68.33mil in the 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% as at 28 February 2026 compared to 209% as at 28 February 2025.
The board of directors 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.
