Announcements

AEON AND AEON CREDIT SIGN JOINT VENTURE TO BUILD A FUTURE-READY MEMBERSHIP AND DATA ECOSYSTEM

• The JV aims to be AEON Group’s unified membership program, supporting crossplatform marketing efforts while providing customers with a holistic retail and financial
  experience
• The venture also serves as the Group’s gateway for merchants and partners seeking
  to engage with AEON Group’s large and diverse customer base

Two of Malaysia’s leading public-listed companies under the AEON Group – AEON CO. (M) BHD. (“AEON”) and AEON Credit Service (M) Berhad (“AEON Credit”) – have formalized a strategic joint venture (“JV”) to establish a new entity that will drive the integration of customer membership, data intelligence and digital engagement across the AEON ecosystem in Malaysia.

This initiative is anchored in AEON Group’s vision that “customers are our starting point” and embraces our mission “to create a future lifestyle that leads to a smile for each and every person.” Customers can look forward to seamless access to benefits across AEON’s retail stores, e-commerce, financial services and digital banking, as well as the access to use and redeem rewards in more ways than ever before, and timely offers that fit their needs – making every interaction simpler and more rewarding.

With the required regulatory approvals, the JV will be jointly owned by AEON Credit (51%) and AEON 49%), with an initial paid-up capital of RM50 million. The JV is set to become a centralised orchestration layer that brings together customer engagement, digital media, data analytics and marketing solutions across retail, finance, digital and lifestyle touchpoints within the AEON ecosystem.

“This JV unlocks the true ecosystem synergy – bringing together retail, financial services and digital capabilities to create seamless added value for our customers,” said Mr. Daisuke Maeda, Managing Director of AEON Credit.

Mr. Maeda added, “With AEON Bank joining the synergy as the JV’s official bank, it strengthens our shared commitment to digital innovation and data-driven growth. AEON Bank will also support AEON partners through business banking solutions, complementing the JV’s role in driving platform partnerships that benefit all AEON Group’s customers.”

Beyond customer benefits, the new entity will also act as a commercial data and marketing exchange hub, enabling AEON Group companies and partners to engage with AEON’s large customer base with greater relevance and impact.

“By aligning our retail scale with AEON Credit’s digital and financial infrastructure, we are cocreating an intelligent membership ecosystem designed to grow with our customers,” said Mr. Naoya Okada, Managing Director of AEON. “This JV is a cornerstone of our long-term digital transformation and group synergy strategy.”

As part of its development, the JV will unify data and membership management across AEON’s entities – namely AEON, AEON BiG Sdn. Bhd., AEON Credit, and AEON Bank Berhad, establishing a foundation for deeper ecosystem integration and shared value creation. The JV is expected to commence operations by the fourth quarter of 2025, subject to regulatory and operational readiness, marking a significant joint investment in future-proofing the AEON brand for a digital-first consumer era.

AEON CREDIT WINS COMPANY OF THE YEAR FOR ENVIRONMENTALSTEWARDSHIP AND COMMUNITY CARE AT SUSTAINABILITY & CSR MALAYSIAAWARDS 2025

AEON Credit Service (M) Berhad (“AEON Credit” or the “Group”) has received the “Company of the Year (Financial Services) for Environmental Stewardship and Community Care” award at the Sustainability and CSR Malaysia Awards 2025. This marks the second consecutive year the Group has received this honor, underscoring its dedication to realising AEON’s Foundational Ideals – to pursue peace, respect humanity, and contribute to communities, always with customers as the starting point.

The awards ceremony held at Berjaya Times Square Hotel and officiated by Yang Berhormat Datuk Seri Dr. Noraini Ahmad, Deputy Minister of Women, Family and Community Development, is hosted annually by CSR Malaysia. The event celebrates outstanding Malaysian companies that have delivered meaningful and purpose-driven initiatives contributing to the nation’s socio-economic progress and environmental sustainability.

Ng Eng Kiat, Chairman of AEON Credit, said: “We are honoured to be recognised as “Company of the Year for Environmental Stewardship and Community Care”. This award affirms the achievements of our three year Sustainability Roadmap and reflects our ongoing commitment to integrating Environmental, Social and Governance (“ESG”) practices into our business strategies. Through these efforts, we aim to foster inclusive growth and solidify our position to be a leading ESG-driven company in Malaysia.”

Over the past year, AEON Credit has driven impactful environmental and community initiatives, including planting 10,000 trees in Kinta Nature Park under AEON Credit Biodiversity Afforestation Project to restore a former tin-mining site and protect local biodiversity. The Group also led annual coastal clean-ups across Malaysia, removing waste and planting 3,000 mangrove saplings to support coastline conservation.

To promote sustainable consumer behaviour, AEON Credit has introduced a range of green and social financing and solutions including electric motorcycle financing, energy efficient home appliances financing and virtual credit cards, supporting consumers in making more sustainable choices.

Beyond environmental efforts, AEON Credit remains committed to social empowerment through its Corporate Social Responsibility (“CSR”) programmes. In collaboration with the Malaysian AEON Foundation, the AEON Smart Classroom Project enhanced digital learning in 20 schools nationwide. Additionally, financial and digital literacy initiatives also had benefited students and teachers. In FYE2025, CSR efforts reached over 3,800 individuals with total contributions amounting to RM2.43 million.

AEON Credit’s ESG efforts have also garnered global recognition. The Group received an “AA” for MSCI ESG Rating in 2025 and remains a constituent of the FTSE4Good Index Series, reflecting its strong sustainability performance.

Further reinforcing its market strength, RAM Rating Services Berhad reaffirmed AEON Credit’s credit ratings at AA3/Stable and A1/Stable for its Senior and Subordinated Sukuk Walalah Programme respectively, as well as a P1 rating for its Islamic Commercial Paper Programme, highlighting the Group’s solid financial position, resilient asset quality, and sustainable profitability.

Looking ahead, AEON Credit remains committed to advancing sustainable finance and digital innovation. By integrating ESG principles into its core operations and continuously engaging with communities, AEON Credit aims to build a more inclusive and sustainable future for all Malaysians.

AEON CREDIT Q1FYE26 REVENUE INCREASED BY 14.9%

AEON Credit Service (M) Berhad (“AEON Credit” or “the Group”) today reported a 14.9% year-on-year (“YoY’) growth in revenue to RM599.92 million in the first quarter ended 31 May 2025 (“Q1FYE26”), compared to RM522.26 million in the preceding year corresponding quarter ended 31 May 2024 (“Q1FYE25”).

The Group recorded a 13.9% growth in total transaction and financing volume, reaching RM2.25 billion in Q1FYE26 from RM1.98 billion in Q1FYE25. This growth was underpinned by AEON Credit’s continued strategic expansion into the middle-income segment and targeted marketing campaigns have improved both the Payment Business and Personal Financing with growth of 22% and 23% respectively compared to corresponding quarter last year.

Correspondingly, gross financing receivables rose to RM14.63 billion, an increase of 15.6% YoY, driven by Payment Business, Personal Financing and Vehicle Financing. The Group remains committed to prudent credit risk management, emphasis on quality asset growth. This includes targeting good scores applicants, strengthening engagement with FinPlus members – existing customers with proven repayment records and expanding premium product financing. As a result, the Non-Performing Loans (“NPL”) ratio improved to 2.57%, reduced from 2.64% as February 2025.

For the quarter under review, Profit Before Tax (“PBT”) and Profit After Tax (“PAT”) stood at RM109.03 million and RM77.55 million respectively after accounting for a RM15.92 million share of losses from its associate company, AEON Bank. The bank’s losses contributed from ongoing investments in product development, IT infrastructure and operating expenses which are aligned with its roadmap to deliver differentiated digital banking products. These upfront investments in technology, talent and marketing to support long-term growth.

Prospect:

Malaysia’s Gross Domestic Product (“GDP”) grew by 4.4% in the first quarter of 2025, driven by sustained household spending and supported by a robust labour market. This represents a slight moderation from the 5.0% growth recorded in the fourth quarter. Bank Negara Malaysia projects the national economy to expand between 4.5% and 5.5% in 2025, supported by continued domestic expenditure growth and improving external demand.

Amid global trade and tariff uncertainties, heightened geopolitical tensions and inflationary pressures, the Group continues to adopt a cautious approach in its business operations and remain prudent with a focus on growing quality assets via middle-income segment expansion while closely managing the credit risks within its financing portfolios.

In line with the Group’s purpose of “Bring Finance Closer to Everyone”, AEON Credit launched the AEON Biker Visa Cards in June 2025, designed to meet the lifestyles needs of Malaysia’s dynamic motorcycling community. This initiative reinforces the Group’s commitment to product innovation, financial inclusivity and expanding its credit card portfolio with targeted offerings.

The Group is also strengthening its digital infrastructure to enhance operational efficiency and build a customer-centric ecosystem through the AEON Living Zone. Ongoing collaborations within the Group aim to deepen customer engagement, extend market reach, and reinforce brand loyalty through a unified digital ecosystem.

Looking ahead, barring any unforeseen developments, AEON Credit remains cautiously optimistic about sustaining resilient business performance for the financial year ending 28 February 2026. The Group will continue to prioritise operational efficiency and pursue strategic investments, including in technology, to drive long-term sustainable growth.

AEON CREDIT CONCLUDES 28TH ANNUAL GENERAL MEETING WITH STRONG GROWTH IN FYE2025

AEON Credit Service (M) Berhad (“AEON Credit” or “the Group”) today held its 28thAnnual General Meeting (“AGM”) and shareholders were briefed on the Group performance and strategic progress. This integrated approach reflects AEON Credit’s long-term commitment to “Bring Finance Closer to Everyone” through accessible, inclusive and comprehensive financial solutions.

In line with our commitment to delivering shareholder value, AEON Credit’s proposal for the payment of a final single-tier dividend of 14.50 sen per share was approved by shareholders. This brings the total dividend to 28.75 sen per share, amounting to RM146.80 million for FYE2025 and representing a payout ratio of 39.6%.

For the financial year ended 28 February 2025 (“FYE2025”), AEON Credit delivered a creditable growth for the year, with revenue increased by 15.1% year-on-year to RM2.20 billion, supported by strong growth across all key products. The Group maintained operational efficiency with a cost-to-income ratio (excluding impairment losses) of 28.2%, supported by ongoing digital transformation and process optimization efforts.

Profit from operation before accounting for the losses recorded from associate company, AEON Bank remained stable at RM581.84 million, consistent with the previous year’s performance. The Group’s Profit After Tax recorded at RM370.61 million after equity accounted losses of RM68.33 million from AEON Bank.

Total transaction volume grew by 15.3% to RM8.41 billion, while gross receivables reached RM14.12 billion, exceeding the Group’s 10% annual growth target. Momentum was driven by robust performance in Automobile Financing, Personal Financing and Payment Business.

“Our performance in FYE2025 reflects the strength of our strategy and our ability to adapt to change while driving sustainable growth,” said Mr. Daisuke Maeda, Managing Director of AEON Credit. “With AEON Bank now operational, we are entering a new era of ecosystem-led expansion, enabling us to better serve the evolving needs of our customers.”

To support its growth, AEON Credit automated its credit assessment process, the upgraded Loan Origination System enabled 41% of applications to be processed automatically, with 19% approved instantly via AI-driven credit scoring. The rollout of a new Collection System improved collection response times, boosting collection productivity by 22% and achieving a 97.57% collection ratio for billing accounts not past due (D0). The risk-based collection strategy supported by an AI-driven scoring model, further enhanced collection performance and productivity.

Looking ahead, we remain focused on driving revenue expansion, strengthening asset quality and enhancing operational efficiency while staying agile in a dynamic market environment. Under the AEON Living Zone vision, AEON Credit continues to foster Group synergies through collaboration initiatives across the AEON ecosystem. The expansion of AEON Wallet functionalities, embedding onboarding capabilities for financing, retail, insurance and banking products aims to create a centralised hub for both financial services and lifestyle needs. This is further supported by revamp of the Group’s tiered AEON loyalty programme, enabling us to broaden our market reach and unlock new growth opportunities.

“These initiatives position us well to unlock long-term value for our customers and stakeholders. We remain focused on leveraging our ecosystem to deliver innovative, responsible, and customer-centric financial solutions,” Mr. Maeda concluded.

All resolutions listed in the Notice of Annual General Meeting (“AGM”) dated 25 May 2025 and tabled at 28th AGM today were duly approved by the shareholders of the Company, except for Ordinary Resolution 8, which has been withdrawn.

BRINGING FINANCE CLOSER TO RIDERS: AEON CREDIT UNVEILS MALAYSIA’S FIRST-EVER BIKER VISA CARDS FOR THE MOTORCYCLE COMMUNITY

KUALA LUMPUR, 17 JUNE 2025 – AEON Credit Service (M) Berhad (“AEON Credit” or “the Group”) today announced the launch of its AEON Biker Infinite Visa and AEON Biker Gold Visa cards, Malaysia’s first ever credit cards tailored specifically for the motorcycle community, developed in collaboration with Visa.

The AEON Biker Visa Cards were officially unveiled at a launch ceremony held at The Estate on Federal Hill, in the presence of Mr. Previn Pillay, Visa Country Manager for Malaysia, along with esteemed guests, business partners and members of the media. The launch marks a significant step forward in AEON Credit’s ongoing efforts to deepen engagement with Malaysia’s dynamic motorcycling community while expanding its credit card portfolio.

In line with the Group’s purpose of “Bringing Finance Closer to Everyone”, AEON Credit continues to deliver financial solutions that are timely, accessible, and tailored to evolving customer needs. As a market leader in motorcycle financing, the Group currently holds approximately a 25% market share of newly registered motorcycles in the country. The introduction of the AEON Biker Visa Cards represents the next phase in its commitment to support customers beyond vehicle ownership by enhancing the riding lifestyle, rewarding everyday spending, and fostering a connected and empowered community of riders.

Mr. Daisuke Maeda, Managing Director of AEON Credit, said, “As Malaysia progresses toward high income nation status, motorcycles are no longer just a necessity but a lifestyle choice. The AEON Biker Card is our response to this evolution, designed to support the needs and aspirations of today’s modern riders.”

AEON Biker Gold Visa	AEON Biker Infinite Visa
Cashback	Cashback
– Up to 5% cashback on motorcycle spare parts, accessories and merchandise – 2% cashback on Petrol and complimentary insurance coverage – 0.5% cashback on all other transactions	– Up to 8% cashback on motorcycle spare parts, accessories and merchandise – 2% cashback on petrol and complimentary insurance coverage – 0.5% cashback on all other transactions
Exclusive invitations to premier biking events, such as the AEON Credit MAM Malaysia Superbike Championship and MotoGP
	Travel – Up to 8x complimentary airport lounge access – 24/7 Visa Concierge Services

He further added, “These benefits are all part of our broader vision to cultivate a vibrant and connected biking community in Malaysia that celebrates freedom, passion, and shared experiences. This is just the beginning, as we are also collaborating with our merchants and manufacturers to bring even more privileges, promotions and custom deals through the AEON Wallet app, making the biking experience not only more rewarding but also safer and more accessible.”

“At Visa, we are thrilled to announce this partnership with AEON Credit, which is uniquely tailored to meet the needs of the biking community. With nearly 83 per cent of Malaysian households owning a motorbike, it underscores the significance of this community and highlights the need to create benefits that support and enhance the experiences of bikers. Our collaboration with AEON Credit to serve this segment of customers is testament to our ongoing efforts to cater to the diverse segments of our community, ensuring that every Visa cardholder can enjoy the advantages that align with their interests and way of life,” said Mr. Previn Pillay, Visa Country Manager for Malaysia.

Applications for the AEON Biker Visa Cards can be made easily and digitally via the AEON Wallet App or AEON Credit’s website at https://myaeoncredit.com.my/.

PETRONAS SEPANG INTERNATIONAL CIRCUIT AND AEON CREDIT SERVICE (M) BERHAD SEAL CIRCUIT PARTNERSHIP TO ADVANCE TWO-WHEEL MOTORSPORTS GROWTH

Wednesday, 23 April 2025 – PETRONAS Sepang International Circuit (SIC) and AEON Credit Service (M) Berhad (AEON Credit) today announced a partnership, marking AEON Credit’s role as Official Circuit Partner. This collaboration was formalised through the signing of a Letter of Understanding (LOU) between Encik Azhan Shafriman Hanif, Chief Executive Officer of SIC, and Mr. Daisuke Maeda, Managing Director of AEON Credit.

This strategic partnership reflects a shared objective of advancing Malaysian motorsports, with a strong focus on engaging the two-wheel racing community, and enhancing the overall experience for motorsports enthusiasts. Through this partnership, AEON Credit will play a prominent role across SIC’s two flagship events; PETRONAS Grand Prix of Malaysia (MotoGP™ Malaysia) and Malaysia Superbike Championship (MSBK).

Encik Azhan Shafriman Hanif shared, “We are proud to welcome AEON Credit as a key partner in our continued journey to grow motorsports in Malaysia. This partnership strengthens our ability to create meaningful experience for motorsports enthusiasts both on and off track, as well as within the broader motorsport ecosystem. AEON Credit shares our vision of building a strong, sustainable future for the sport, particularly within the two-wheel racing scene, and I look forward to what we will accomplish together.”

Echoing that sentiment, Mr Daisuke Maeda added, “We are truly honoured to be part of this exciting new chapter in Malaysian motorsports. This partnership reflects AEON Credit’s long-standing commitment to supporting and advancing the sport while staying true to our purpose of Bringing Finance Closer to Everyone, ensuring that financial solutions are accessible when it is needed most. We aim to bring our brand closer to the people, deepen customer engagement, and contribute to the sport’s continued success, creating a lasting impact within the local sporting ecosystem.”

This collaboration is designed to deliver mutual value by enhancing fan experiences, building community focused initiatives, and strengthening brand presence across these platforms. Through co-branded campaigns, digital content, and on-ground activations, SIC and AEON Credit will work hand-in-hand to elevate motorsports from the grassroots level to the global stage.

SIC and AEON Credit will collaborate closely to activate this partnership through integrated marketing initiatives and memorable fan experiences ach in the lead-up to and during the MSBK and MotoGP™ events.

For more information and updates on events, activities and media inquiries, please contact:

• PETRONAS SIC Media Relations at mediarelations@sepangcircuit.com
• AEON Credit Corporate Communications at corp_communication@aeoncredit.com.my

AEON Credit and Sepang International Circuit Partnership

AEON CREDIT RECORDED 14.6% REVENUE GROWTH TO RM575.04 MILLION IN Q4FYE25

The Group declares a final single-tier dividend of 14.50 sen per shares in respect of FYE25

KUALA LUMPUR, 8 April 2025 — AEON Credit Service (M) Berhad (“AEON Credit” or the “Group”) today reported a 14.6% growth in revenue to RM575.04 million in the fourth quarter ended 28 February 2025 (“Q4FYE25”) compared to RM501.57 million of the preceding year corresponding to quarter ended 29 February 2024 (“Q4FYE24”).

The Group’s transaction and financing volume surged by 16.7%, reaching RM2.16 billion in Q4FYE25, compared to RM1.85 billion in Q4FYE24. Correspondingly, the Group’s gross financing receivables rose by RM1.89 billion, reaching RM14.12 billion in Q4FYE25, marking a 15.4% growth from RM12.23 billion in Q4FYE24. This expansion was driven by the Group’s strategic focus on penetrating the M40 segment, strengthening its asset quality through refined product offerings of Vehicle Financing, collaborative campaigns with AEON Group and ongoing efforts to promote digital onboarding.

Both Profit Before Tax (“PBT”) and Profit After Tax (“PAT”) grew to RM179.70 million and RM131.00 million respectively. The strong performance was underpinned by robust revenue growth driven by Personal Financing and Vehicle Financing with solid receivable growth across key products. However, this was partially offset by higher impairment losses on financing receivables that reflected an increase of RM71.30 million mainly contributed by higher receivables, along with increased other operating expenses in line with higher sales and revenue generated costs.

The Board has recommended a final single-tier dividend of 14.50 sen per share, scheduled for payment on 24 July 2025, subject to shareholder approval at the forthcoming Annual General Meeting, with the date to be announced later. The total dividend payable for FYE25 amounting to RM146.80 million with a payout ratio of 39.6%.

For the financial year ended 28 February 2025 (“FYE25”), the Group reported a 15.1% growth in revenue to RM2.20 billion compared to RM1.91 billion recorded in the preceding year (“FYE24”). The growth was driven by 15.3% increase in transaction and financing volume, which reached RM8.41 billion year-on-year (“YoY”).

PBT and PAT stood at RM513.51 million and RM370.61 million respectively, after accounting for a RM68.33 million share of losses from AEON Bank, an associate company. This translated to earnings per share (“EPS”) of 72.58 sen and a return on average equity (“ROE”) of 13.6%.

The Group’s Non-Performing Loans (“NPL”) ratio recorded a marginal increase to 2.64% in FYE25, compared to 2.57% in FYE24. AEON Credit remains committed to prudent credit risk management, with a strong emphasis on maintaining asset quality. This includes strengthening credit assessment policies through the introduction of a new credit limit multiplier policy, implementing enhanced training programs to improve credit judgment skills, and proactively monitoring and managing underperforming portfolios to ensure sustainable growth.

Prospect:

Malaysia’s GDP grew by 5.0% in Q4 2024, driven by stronger private spending and a recovery in exports. However, this was slightly lower than the 5.4% growth recorded in Q3. Looking ahead, Bank Negara Malaysia projects economic growth of between 4.5% and 5.5% in 2025, supported by sustained domestic expenditure and improving external demand.

In response to prevailing geopolitical tensions, inflationary pressures, and ongoing volatility in global financial markets, the Group maintains a cautious yet strategic approach to business. It remains committed to prudent growth, prioritizing high-quality assets while actively managing credit risks within its financing portfolios.

As the Group enters the new financial year, it remains focused on long-term sustainability, staying true to its purpose of “Bringing Finance Closer to Everyone.” To realize this vision, the AEON Living Zone initiative has been set in motion. A dedicated project team has been formed, targeting a market rollout in the first half of FYE2026. This initiative will introduce a tiered membership program with enhanced privileges, designed to expand customer reach while strengthening loyalty. Further collaborations will continuously enhance the AEON Living Zone ecosystem by expanding the features of AEON Wallet, providing customers with a more seamless and integrated financial experience.

AEON Bank has introduced a range of new products set for release in the coming financial year, including the recent introduction of Shariah-Compliant Personal Financing of up to RM10,000. Complementing this initiative, AEON Bank has also launched “Neko Missions,” an innovative gamification-based stamp program designed to deepen customer engagement.

With these strategic initiatives, the Group remains committed to delivering value-driven financial solutions while adapting to an evolving economic landscape.

Barring unforeseen circumstances, the Group expects to be able to maintain its business momentum by implementing the appropriate measures for the financial year ended 28 February 2026.

AEON Credit The Exchange 106 TRX Flagship Branch Opening

AEON CREDIT REVENUE INCREASED BY 15.5% IN Q3FYE25

KUALA LUMPUR, 19 December 2024 — AEON Credit Service (M) Berhad (“AEON Credit” or the “Group”) today announced that it has posted a 15.5% growth in revenue with RM562.00 million in third quarter ended 30 November 2024 (“Q3FYE25”), as compared to RM486.51 million of the preceding year corresponding quarter ended 30 November 2023 (“Q3FYE24”). This was underpinned by a 16.2% increase in total transactions and financing volume to RM2.12 billion in Q3FYE25 as compared to the preceding year’s corresponding quarter driven by strong performance in personal financing, automobile financing and credit card business.

For the quarter under review, AEON Credit registered an Operating Profit of RM103.03 million subsiding by 7.5% as compared to the preceding year’s corresponding quarter. The lower operating profit was mainly attributed to higher operating expenses, resulting from increased transaction volume and promotion expenses as well as increased impairment losses on financing receivables in the absence of a general provision reversal. Profit before tax (“PBT”) stood at RM87.85 million, after accounting for share of losses of RM15.18 million from AEON Bank (M) Berhad, an associate company of AEON Credit.  As a result, AEON Credit recorded a profit after tax (“PAT”) of RM62.07 million in Q3FYE25.

For the nine-month period ended 30 November 2024 (“9MFYE25”), AEON Credit recorded a 14.8% growth in transaction and financing volume, reaching RM6.25 billion compared to RM5.40 billion in the preceding year’s corresponding period (“9MFYE24”). Correspondingly, gross financing receivables rose to RM13.67 billion, an increase of RM1.76 billion from 30 November 2023. This growth was primarily driven by increased utilisation of digital onboarding solutions, effective marketing campaigns and collaboratives activities within AEON Group.

In line with the increase in total transactions and gross financing receivables, total operating income for 9MFYE25 was registered at RM1.79 billion, reflecting a 15.2% growth as compared to RM1.56 billion in the preceding year’s corresponding period.

The Non−Performing Loans (“NPL”) ratio has reduced to 2.42% as of 30 November 2024 as compared to 2.73% as of 30 November 2023, attributed to effective credit management and continuous monitoring underperforming portfolio.

Operating Profit for 9MFYE25 was recorded at RM379.32 million, compared to RM402.58 million in the preceding year’s corresponding period. The decrease was mainly attributable to an increase in impairment losses on financial receivables of RM116.42 million and higher other operating expenses of RM89.39 million, partly in line with increased transaction and financing volume. This is offset by the incremental increase in revenue of RM214.77 million.

Prospect:

Malaysia’s Gross Domestic Product grew by 5.3% in the third quarter of 2024, supported by stronger private spending and continued recovery in exports. This marks a slight slowdown compared to the 5.90% growth in the second quarter.

Amid a globally challenging landscape, Bank Negara Malaysia forecasted the Malaysian economy to grow between 4.8% to 5.3% in 2024 supported by continued expansion in domestic expenditure and improvement in external demand.

The Group maintains a cautious business stance due to the prevailing geopolitical tensions, inflationary pressures and ongoing volatility in global financial markets. It will continue to remain prudent, placing emphasis on growing quality assets and closely monitoring the inherent credit risks in its financing portfolios.

The Group will also focus on enhancing its information technology capabilities to drive operational efficiencies. On 6 December, the Group launched a new collection system that allows us to engage customers who have multiple products through a single point of contact. The advanced system with new features such as pool functionality, strategic capabilities and immediate reporting options, is expected to enhance overall productivity.

In addition, the Group will continue developing the “AEON Living Zone,” an ecosystem centered around the AEON Group of Companies in Malaysia, to broaden its customer reach. As part of this initiative, the Group plans to introduce a tiered membership program in the final quarter of FYE2025.

Barring unforeseen circumstances, the Group expects to be able to maintain its business momentum by implementing the appropriate measures for the financial year ending 28 February 2025.