Announcements

AEON CREDIT INTRODUCES AEON MEMBER PLUS CREDIT CARD: THE “MUST-HAVE CARD” FOR AEON SHOPPERS

AEON Credit’s new credit card will replace the existing AEON Classic, Gold and Platinum Credit
Cards, AEON BiG Visa Classic and Gold Credit Cards, while streamlining all benefits into a single, next generation card experience for AEON shoppers

AEON Credit Service (M) Berhad (“AEON Credit”) today announced the launch of the AEON Member Plus Credit Card, a next-generation credit card designed to deliver deeper retail integration, enhanced rewards, and everyday convenience especially for AEON Retail customers nationwide.

Positioned as “Your Must-Have Card at AEON”, the AEON Member Plus Credit Card is the first credit card in Malaysia to fully integrate membership privileges directly into retail spending, rewarding cardholders from the moment they shop at AEON Retail. This is our first card made from sustainable and bio-based materials to support more environmentally friendly choices. The new AEON Member Plus Credit Card replaces the AEON Classic, Gold and Platinum, AEON BiG Visa Classic and Gold Credit Cards, consolidating core benefits such as AEON Points and cashback, alongside the introduction of new and enhanced member privileges.

Mr. Daisuke Maeda, Managing Director and Chief Executive Officer of AEON Credit, said, “With the AEON Member Plus Credit Card, we are setting a new benchmark for retail-integrated rewards in Malaysia by streamlining our offerings to deliver greater clarity and more meaningful rewards for customers. This launch marks the first step in our digitalization journey and supports our long term vision of becoming the most accessible and rewarding financial platform in Malaysia, while reinforcing our commitment to sustainability through environmentally responsible card materials.”

The new AEON Member Plus Credit Card will be offered in three card types — Classic, Gold and Platinum. All card types are available on both Visa and Mastercard.

Applications for AEON Member Plus Credit Card can be made easily and digitally via the AEON Wallet App or AEON Credit’s website at https://myaeoncredit.com.my/. For more information, please visit the above website.

AEON CREDIT REPORTS SOLID PERFORMANCE WITH REVENUE GROWTH AND STRONGER PROFITABILITY IN Q3FYE26

AEON Credit Service (M) Berhad (“AEON Credit” or “the Group”) delivered a resilient set of results for the third quarter ended 30 November 2025 (“Q3FYE26”). The Group recorded a 10.7% year-on-year (“YoY”) increase in revenue to RM622.41 million, compared to RM562.00 million in the corresponding quarter last year (“Q3FYE25”) driven primarily by stronger loan and financing growth underpinned by steady customer demand.

This performance was further reflected in total transaction and financing volume, which rose 2.0% YoY to RM2.16 billion, signalling continued expansion of the Group’s financing activities amid a cautious operating environment.

The Group’s gross financing receivables stood at RM15.44 billion, an increase of RM1.78 billion from a year earlier driven by growth across key products. Payment Business grew by 19.5% YoY, underpinned by portfolio shifts toward the middle-income segment and the introduction of AEON Biker cards, which contributed to an increase in credit cards in circulation.  The Non-Performing Loans (“NPL”) ratio rose slightly to 2.48%, compared to 2.42% in the corresponding period. AEON Credit has instituted proactive credit management and monitoring measures to mitigate further increases and safeguard overall asset quality.

For Q3FYE26, the Group achieved a 42.8% increase in Profit Before Tax (“PBT”) to RM125.43 million, up from RM87.85 million previously. Profit After Tax (“PAT”) rose 45.6% to RM90.38 million, compared to RM62.07 million in Q3FYE25. The improvement in profitability was driven by stronger revenue growth and reduced impairment losses on financing receivables compared to Q3FYE25.

These results were achieved after accounting for AEON Credit’s proportionate share of losses of RM19.62 million from its associate company, AEON Bank (M) Berhad (“AEON Bank”). The associate losses primarily reflect planned upfront investments in technology, personnel, and marketing to support the rollout of new products, including its business banking segment. These investments are expected to underpin AEON Bank’s long-term growth trajectory, supported by collaboration across the AEON Group and strategic partnerships aimed at enhancing financial inclusion and customer value.

Nine Months Financial Performance (9MFYE26)

For the financial period-to-date ended 30 November 2025 (“9MFYE26”), total transaction and financing volume increased 8.0% to RM6.75 billion, reflecting sustained customer demand and portfolio expansion. Correspondingly, total revenue rose 13.2% to RM1.84 billion, compared to RM1.63 billion in the preceding year’s corresponding period (“9MFYE25”).

The Group recorded a marginally higher PBT of RM337.50 million, compared to RM333.81 million in 9MFYE25. The improvement was driven by incremental revenue growth, partially offset by higher impairment losses on financing receivables, as well as higher operating expenses in tandem with the increase in transaction and financing volume.

Prospects:

Malaysia’s economy continues to demonstrate resilience, with Gross Domestic Product (“GDP”) expanding by 5.2% in the third quarter of 2025, up from 4.4% in the previous quarter. This growth was supported by firm domestic consumption and improved export performance despite the moderate global demand. Bank Negara Malaysia (“BNM”) projects full-year GDP growth of between 4.0% and 4.8%, reflecting a steady outlook amid external headwinds.

Amid ongoing uncertainties related to global trade and tariff dynamics, geopolitical tensions, inflationary pressures, and volatility in global financial markets, AEON Credit continues to adopt a cautious and disciplined business stance. The Group remains focused on growing quality assets, strengthening credit risk oversight, and enhancing information technology capabilities to drive operational efficiency. Concurrently, AEON Credit aims to deepen integration within the AEON Group ecosystem in Malaysia, broadening customer reach and supporting long-term sustainable growth.

In line with this strategic direction, AEON Credit recently announced the board has approved the subscription of an additional 125 million new ordinary shares in AEON Bank, maintaining its 50% shareholding. The capital injection will support AEON Bank’s business expansion, strengthen its capital position, deepen its asset portfolio, and ensure continued compliance with BNM’s minimum capital requirements.

Additionally, on 3 November 2025, the Company completed the subscription of shares in AEON360. Following this, AEON360’s issued and paid-up share capital increased to RM50.0 million, comprising 50 million ordinary shares, and AEON360 remains a 51%-owned subsidiary of the Company. AEON360 is a newly established entity that will manage the AEON Group’s integrated membership, loyalty and data platform, and is expected to progressively expand its services to external partners.

Barring unforeseen circumstances, the Group remains confident in sustaining its business momentum for the financial year ending 28 February 2026, supported by prudent operational execution and robust risk management strategies.

AEON CREDIT HAS BEEN RECOGNISED AS ONE OF THE HR ASIA BEST COMPANIES TO WORK FOR IN ASIA 2025 – MALAYSIA REGION

AEON Credit Service (M) Berhad (“AEON Credit” or “the Group”) has been recognised as one of the HR Asia Best Companies to Work for in Asia 2025 – Malaysia Region, underscoring the Group’s continued commitment to employee experience and a sustainable workplace.

Ms. Belinda Ong, Head of Human Resources and Administration, received the award on behalf of the Group at the ceremony held yesterday at One World Hotel, Petaling Jaya.

The HR Asia Best Companies to Work for in Asia Awards is a prestigious recognition programme that identifies organisations regarded by their employees as employers of choice. The award highlights companies across Asia with the best HR practices, high levels of employee engagement and excellent workplace cultures. Its high-profile reputation attracts participation from Fortune 500 corporations, multinational companies, government-linked organisations and a wide range of leading employers across the region.

Mr. Daisuke Maeda, Managing Director of AEON Credit, said, “We are truly honoured to be recognised as one of the best companies to work for in Malaysia region. This achievement belongs to all our employees, whose commitment, resilience and passion continue to inspire us every day. Their dedication to our shared purpose has shaped the strong and supportive culture we are proud of today.”

He added that the recognition further strengthens the Group’s commitment to building a workplace that champions wellbeing, sustainability and equal opportunities. Over the past year, AEON Credit has rolled out several key initiatives aligned with this focus, including embedding a value-driven culture through the activation of the “Our Purpose” philosophy, modernising its workplaces, establishing a structured employee–management collaboration platform and implementing a range of ESG-aligned wellbeing programmes to support holistic health and work–life balance.

The Group has also expanded its learning and development efforts through competency-based and digitalisation-driven training, supported by mentoring and coaching programmes to develop future leaders. Additionally, AEON Credit rolled out a comprehensive Employee Reward Roadmap to elevate salary and benefits competitiveness and implemented flexible working hours to further promote a more balanced work-life experience for employees.

Through strengthened two-way communication channels, including regular dialogues and townhalls, the Group continues to listen closely to employees and make meaningful improvements to the overall employee experience. These initiatives underscore AEON Credit’s commitment to building a workforce that is empowered, future-ready and equipped to contribute meaningfully to Malaysia’s evolving economy. The Group remains dedicated to creating a workplace where every employee can thrive, progress and help shape the future together.

Last month, AEON Credit was also recognised as the first runner-up in the Financial Services category at the Malaysia’s 100 Leading Graduate Employers Award 2025. Organised by GTI Media and voted on by more than 50,000 students and recent graduates from public and private universities nationwide, the award highlights AEON Credit’s strong workplace culture, which emphasises meaningful work, growth opportunities and inclusion—values that resonate strongly with the younger generation. This recognition also reflects the Group’s growing employer brand appeal among graduates, reinforcing its position as a preferred destination for young talent.

AEON CREDIT POWERS MALAYSIAN MOTORSPORTS: SPONSORS HAKIM DANISH’S MOTO3™ WILDCARD DEBUT UNDER AEON CREDIT SIC RACING MSI TEAM

Following the recent announcement of his Moto3™ wildcard entry, Hakim Danish Ramli is set to make his home debut on the world stage under the AEON Credit SIC Racing MSI Team at the upcoming PETRONAS Grand Prix of Malaysia 2025 (MotoGP™ Malaysia), scheduled from 24 to 26 October 2025.

The Moto3™ Wildcard Team Reveal Ceremony, held today at PETRONAS Sepang International Circuit (SIC), was graced by YB Hannah Yeoh, Minister of Youth and Sports Malaysia, alongside key representatives from AEON Credit Service (M) Berhad (AEON Credit), SIC, and ZK Racing Sdn. Bhd. (ZK Racing).

The event also witnessed the signing of a Memorandum of Understanding (MoU) between AEON Credit and ZK Racing, formalising a strategic partnership to advance Malaysian motorsports development through the Malaysian Motorsports Development (MDEV) Blueprint – a structured two-wheel talent development pathway jointly championed by the Ministry of Youth & Sports (KBS) and SIC.

This builds upon AEON Credit’s earlier collaboration with SIC, where AEON Credit was appointed as the Official Circuit Partner. The partnership was formalised through the signing of a Letter of Understanding (LOU) between Azhan Shafriman Hanif, Chief Executive Officer of SIC, and Daisuke Maeda, Managing Director of AEON Credit, underscoring both organisations’ shared commitment to growing Malaysia’s motorsports ecosystem and nurturing homegrown talent.

YB Hannah Yeoh said, ”Hakim Danish’s wildcard represents Malaysia’s belief in what is possible when the Government, private sector, and motorsports community come together. The support from AEON Credit is a great example of how private sector can make a real difference. Their contribution helps riders like Hakim Danish go further and shows our youth that big dreams are achievable. I hope more companies will come forward to be part of this journey.”

The Ministry of Youth & Sports (KBS) has allocated RM3 million for the 2025 High- Performance MDEV Programme, with an additional RM1 million to support Hakim Danish’s participation in the FIM JuniorGP World Championship 2025 through the Kumpulan Wang Amanah Sukan Negara (KWASN).

In line with the national effort, AEON Credit has contributed RM1 million towards Hakim Danish’s Moto3™ wildcard debut, marking the company’s first major step into motorsports and reinforcing its long-term commitment to youth empowerment, community development, and national talent growth.

Ng Eng Kiat, Chairman of AEON Credit, said that AEON Credit is proud to play a meaningful role in empowering Malaysia’s motorsport talent. “This collaboration goes beyond sponsorship as it represents our belief in opportunity, discipline, and national pride. Through this partnership, we hope to inspire young Malaysians who may not have the financial means but possess the drive and determination to succeed. Motorsport reflects the same spirit we uphold at AEON Credit — perseverance, passion, and the pursuit of excellence. Together with SIC and ZK Racing, we are turning dreams into reality and nurturing the next generation of champions,” he said.

Azhan Shafriman Hanif, Chief Executive Officer of SIC shared, ”Hakim Danish is the first born of the development programme. We have seen him grow with us since he was 12 years old in SIC MiniGP Championship, and now, he will be on the MotoGP™ grid as proof that the ladder we built really works. This is exactly what the MDEV Blueprint was designed to achieve, taking young talents from grassroots to the Grand Prix. His wildcard debut is not just a milestone for Hakim Danish, but also for every technical crew, mechanic, and partner like AEON Credit who believed in the system. To all motorsports fans, come to Sepang, fill the grandstands and show your support for Hakim Danish as he races among the world’s best on home soil.”

Fans can catch Hakim Danish and the AEON Credit SIC Racing MSI Team in action at the MotoGP™ Malaysia and grab the opportunity to cheer for him live in Sepang. In support of the Malaysia MADANI agenda, SIC continues its Tiket Rahmah initiative, offering K2 Hillstand tickets at RM49.90. Tickets are available at www.sepangcircuit.com.

For more information and updates on events and activities, follow AEON Credit, SIC, and ZK Racing’s official social media channels.

For any media inquiries, please contact:

• ZK Racing Media Relations – admin@zkracing.com.my
• AEON Credit Corporate Communications – corp_communication@aeoncredit.com.my

AEON CREDIT POSTS 14.1% REVENUE GROWTH IN Q2FYE26

Announces 13.00 sen Interim Dividend, Demonstrating Commitment to Shareholder Value

AEON Credit Service (M) Berhad (“AEON Credit” or “the Group”) today reported a 14.1% year-on-year (“YoY”) growth in revenue to RM617.88 million for the second quarter ended 31 August 2025 (“Q2FYE26”), compared to RM541.43 million in the corresponding quarter last year (“Q2FYE25”). The revenue growth was mainly driven by stronger loan and financing activities, with total transaction and financing volume increasing 8.7% to RM2.35 billion, from RM2.16 billion in Q2FYE25, underscoring sustained portfolio growth and healthy customer demand.

Gross financing receivables expanded to RM15.15 billion as at 31 August 2025, an increase of RM1.96 billion from a year earlier, driven by growth in personal financing, credit card business and auto financing. The Non-Performing Loans (“NPL”) ratio improved to 2.49% from 2.57% on 31 May 2025. Proactive measures are being implemented to address the increase and preserve asset quality, including the strategic expansion into middle-income segment to drive quality asset growth.

Other income strengthened to RM56.35 million, up from RM52.03 million in Q2FYE25, supported by improved bad debt recoveries, reflecting the Group’s resilience in managing its financing portfolio.

For the quarter under review, the Group recorded a Profit Before Tax (“PBT”) of RM103.05 million, a 1.9% increase compared to RM101.04 million in Q2FYE25. Profit After Tax (“PAT”) rose 1.5% to RM72.23 million, from RM71.16 million in the previous corresponding quarter. This is despite accounting for the Group’s share of losses amounting to RM18.50 million from its associate company, AEON Bank (M) Berhad (“AEON Bank”). These losses primarily stemmed from ongoing strategic investments in product development, IT infrastructure, and operating capacity, aligned with AEON Bank’s roadmap to deliver differentiated digital banking solutions. These upfront investments in technology, talent, and marketing are expected to support AEON 2/3 Bank’s long-term growth trajectory.

For the financial period-to-date (“1HFYE26”), the Group’s total transaction and financing volume grew by 11.2% to RM4.59 billion, compared to the corresponding period last year (“1HFYE25”). This translated into a 14.5% increase in total revenue to RM1.22 billion, from RM1.06 billion in 1HFYE25, reflecting sustained demand and portfolio expansion.

The Group recorded a lower PBT of RM212.08 million, compared to RM245.96 million in the same period last year. The decline was mainly due to higher impairment losses on financing receivables by RM115.92 million and higher operating expenses of RM27.38 million in line with the increased transaction and financing activities. The impact was partially mitigated by incremental revenue gains during the period. The Group is mitigating impairment risks through prudent credit risk management, including digital assessments and AI-based scoring to strengthen customer selection, tighter controls on underperforming segments, and enhanced collection strategies. These measures, together with a diversified portfolio approach, will underpin sustainable growth and asset quality.

The Board has proposed the payment of an interim single-tier dividend of 13.00 sen per share for the financial year ending 28 February 2026, amounting to RM66.38 million, representing a dividend payout ratio of 44.3%. The proposed dividend, payable on 6 November 2025, reflects the Group’s continued commitment to delivering sustainable returns and creating value for shareholders.

PROSPECTS:

Malaysia’s Gross Domestic Product (“GDP”) expanded by 4.4% in the second quarter of 2025, supported by domestic consumption and investment. Bank Negara Malaysia has revised its 2025 growth forecast upwards, from 4.0% to 4.8%, providing a more supportive outlook for consumer and financing demand. Against this backdrop, AEON Credit will maintain a cautious stance, focusing on quality asset growth, prudent credit risk management, and operational efficiency.

This quarter saw a joint venture with AEON CO. (M) BHD to establish AEON360, a platform to integrate customer membership, data intelligence and digital engagement, enabling seamless rewards and personalised offers across AEON’s ecosystem, in line with its purpose of “Bring 3/3 Finance Closer to Everyone”.

The new entity will manage AEON Group’s customer loyalty platform and is expected to expand its services to external partners. Upon AEON Credit’s subscription of a 51% share in AEON360, the company will be recognised as a subsidiary of AEON Credit.

Additionally, AEON Bank has launched AEON Bank Biz, a Shariah-compliant business banking solution aimed at empowering Malaysian businesses through ethical, inclusive, and digitally optimised banking services. Its offerings include Business Current Account-i and integrated cash management capabilities. Initial onboarding will focus on corporate customers within the AEON Group of Companies in Malaysia, facilitating the disbursement of AEON Credit loans to their customer and enabling settlement with AEON Credit’s motorcycle leaders and AEON Retail supplier upon the completion of business banking products development.

Barring unforeseen circumstances, the Group expects to sustain its business momentum for the financial year ending 28 February 2026.

AEON CREDIT & MUFG SIGN INAUGURAL SOCIAL LOAN – THE LARGEST SOCIAL LOAN IN MALAYSIA

Landmark financing is Malaysia’s largest social loan and aims to support financial inclusion
to underserved populations.

MUFG Bank (Malaysia) Berhad (MUFG), a subsidiary of Mitsubishi UFJ Financial Group, Inc. has signed a MYR 500 million social loan with AEON Credit Service (M) Berhad (AEON Credit), the country’s leading financial service provider.

This landmark transaction is Malaysia’s largest social loan to date and also marks the bank’s debut transaction of its kind in the country. It is also MUFG’s fourth sustainable finance transaction with AEON Credit in the Asia Pacific region, underscoring the longstanding relationship between both companies and a joint alignment towards promoting sustainability and delivering positive social outcomes.

The social loan is designed to support AEON Credit’s efforts in extending financing to underserved communities, including low-income groups and small businesses in new growth areas, while advancing financial inclusion in alignment with Bank Negara Malaysia’s Financial Inclusion Framework 2023-2026.

Structured in alignment with the Social Loan Principles published by the Loan Market Association, Asia Pacific Loan Market Association and Loan Syndications & Trading Association, the facility ensures adherence to globally recognised standards. AEON Credit will provide annual disclosures to lenders, detailing the allocation of proceeds and the social outcomes achieved.

Daisuke Maeda, Managing Director of AEON Credit, said: “Since our establishment, AEON Credit has remained steadfast in its mission to empower underserved communities. Guided by our enhanced three-year sustainability roadmap, with financial inclusion at its core, we are proud to launch our inaugural Social Loan facility in partnership with MUFG Malaysia.

This financing initiative will provide essential working capital support to underserved customers, particularly individuals with a gross monthly income of MYR 2,500 and below, as well as those residing in underrepresented regions. Beyond expanding access to financial services, this initiative reflects our commitment to aligning business growth with meaningful social impact, strengthening our responsibility to society, in line with the AEON Group’s sustainability vision.”

Motohide Okuda, Chief Executive Officer and Country Head of Malaysia, MUFG, said: “This transaction marks a significant milestone in Malaysia’s sustainability financing landscape and reinforces our ongoing commitment to supporting our clients’ ambitions to create long-lasting positive impact. We are honoured to be AEON Credit’s trusted partner once again—this being our second sustainable finance transaction in Malaysia. This continued confidence reflects the strength of our relationship and shared dedication to fostering inclusive and resilient growth in Malaysia. At MUFG, we are committed to empowering a brighter future and will continue to play a meaningful role in our clients’ sustainability journeys.”

Strengthening Malaysia’s Sustainable Finance Ecosystem

The partnership between AEON Credit and MUFG strengthens the financial sector’s role in advancing social impact in Malaysia, complementing existing green and sustainability-linked financing solutions. It also supports national objectives outlined in the Twelfth Malaysia Plan and aligns with the United Nation’s Sustainable Development Goals (SDGs), particularly SDG 10: Reduced Inequalities.

AEON Credit Announces the Incorporation of AEON360 Sdn. Bhd.

AEON Credit Service (M) Berhad (“AEON Credit”) is pleased to announce the incorporation of AEON360 Sdn. Bhd. (“AEON360”), a new joint venture company established with AEON CO. (M) BHD (“AEON CO.”) to unify AEON Group of Companies in Malaysia’s (“AEON Group”) ecosystem and accelerate customer-centric growth across Malaysia.

This follows the signing of the Joint Venture and Shareholders’ Agreement on 19 August 2025.

AEON Credit holds 51% of AEON360, while AEON CO. holds the remaining 49%. AEON360 is tasked with integrating membership services, data intelligence and digital engagement across all AEON Group with businesses spanning retail, finance, digital services and lifestyle offerings.

Company Name	AEON360 Sdn. Bhd. Registration no: 202501043624 (1645032-M)
Date of Incorporation	17 September 2025
Paid-up capital	Initial share capital of RM100 was issued upon incorporation. The subsequent subscription is scheduled for completion in October 2025, will bring the total paid-up capital to RM50 million.
Shareholding Structure	AEON Credit: 51% AEON CO.: 49%
Managing Director	Low Ngai Yuen
Business Address	Level 18, UOA Corporate Tower, Avenue 10, The Vertical, Bangsar South City, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur, W.P. Kuala Lumpur
Type of Business	Data processing and analytics, technology-driven platforms, membership and loyalty programme, advertising, and e-commerce enablement.

AEON360 will serve as the central intelligence layer connecting AEON Group’s ecosystem of businesses. It is designed to deliver a unified membership experience and provide customers with real-time personalization and consistent value across retail, financial, digital and lifestyle services.

By enabling intelligence-driven access to AEON’s 360° customer view, AEON360 empowers both internal business units and external partners to engage meaningfully with AEON Group’s customers—supporting new forms of collaboration, campaign targeting and ecosystem insights’ access.

This initiative reinforces the Group’s belief that “customers are our starting point” and drives forward our collective mission “to create a future lifestyle that leads to a smile for each and every person.”

AEON360 is expected to commence operations in October 2025. The joint venture is an investment by both AEON Credit and AEON CO. in future-proofing the AEON Group through ecosystem thinking, digital infrastructure and data-led innovation—delivering long-term value to customers, partners and shareholders alike.

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 MALAYSIA AWARDS 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.