Aeon Credit Q2 net profit falls to RM59.3mil

Aeon Credit Service reported a decline in net profit for the second quarter of 2026, with the profit falling to RM59.3 million, down from RM72.23 million a year earlier. Revenue, however, increased to RM665.19 million from RM617.88 million, driven by stronger loan and financing growth. Aeon Credit also posted a better net profit in the first half of the financial year, ending February 2027, at RM154.46 million compared to RM149.77 million previously, with revenue growing to RM1.31 billion from RM1.21 billion.

The higher profit for the first half was attributed to increased revenue, despite higher impairment losses on financing receivables and higher operating expenses, resulting from a rise in transaction and financing volume. Aeon Credit has declared a first interim single-tier dividend of 13 sen per share for the current financial year, payable on November 5, 2026.

The company remains cautious due to geopolitical tensions in the Middle East, rising global oil prices, inflation, and volatility in global financial markets. Despite these challenges, Aeon Credit plans to sustain its business momentum by adopting strategic and operational measures for the current financial year.