PETALING JAYA: Aeon Credit Service (M) Bhd
’s net profit for its second quarter ended Aug 31, 2026 dropped to RM59.30mil from RM72.23mil in the previous corresponding period, while revenue rose to RM665.2mil from RM617.88mil a year earlier.
In a filing with Bursa Malaysia, Aeon Credit said the ratio of total operating expenses to revenue for the current quarter was 72.5% as compared to 70% in the preceding year’s corresponding quarter. “The increase in the ratio of operating expenses was mainly attributable to the higher impairment losses on financing receivables of RM273.65mil as compared to RM243.53mil for the preceding year corresponding quarter.
“Finance costs for the current quarter was higher as compared to the preceding year corresponding quarter mainly due to higher borrowings in line with the receivables growth.” Additionally, Aeon Credit said the higher revenue was mainly attributable to stronger loan and financing growth. For the six-month period ended Aug 31, 2026, Aeon Credit’s net profit grew to RM154.47mil from RM149.78mil in the previous corresponding period, while revenue rose to RM1.3bil from RM1.22bil previously.
The company declared an interim single-tier dividend of 13.00 sen per share for the financial year ending Feb 28, 2027, to be paid on Nov 5. Going forward, Aeon Credit said it remains focused on growing quality financing assets and continues to closely monitor inherent credit risks within its financing portfolio, while enhancing its information technology capabilities to improve operational efficiencies and maintain disciplined cost management.
“In addition, the group will leverage the broader Aeon ecosystem in Malaysia, particularly through its 51%-owned subsidiary, AEON360 Sdn Bhd, to strengthen customer loyalty, expand its customer base and enhance the overall customer experience.”
