AEON Credit released its fourth quarter and FY26 financial results today where the group recorded a total transaction and financing volume of RM2.2 billion higher by 2.4% as compared to the preceding year corresponding quarter.
The Group recorded a total revenue of RM631.456 million, which was higher by 9.8% as compared to the preceding year corresponding quarter mainly attributable to stronger loan and financing growth.
For the full year, revenue was at RM2.4 billion an improvement from RM2.2 billion the preceding year, profit on the hand rose to RM380 million against RM370 million in FY25.
The gross financing receivables as at 28 February 2026 of RM15.7 billion was higher by RM1.6 billion as
compared to 28 February 2025. The net financing receivables, after allowance for impairment loss was RM14.9 billion as at 28 February 2026 as compared to RM13.342 billion as at 28 February 2025. The Non-Performing Loans (“NPL”) ratio decreased to 2.61% as at 28 February 2026 as compared to 2.64% as at 28 February 2025, resulting from positive actions taken.
Other income for the current quarter was recorded at RM51.6 million mainly due to bad debt recoveries. The ratio of total operating expenses to revenue for the current quarter was 51.6% as compared to 60.9% in the
preceding year corresponding quarter. The lower operating expenses ratio was mainly attributable to the increase in revenue of RM56.416 million and lower impairment losses on financing receivables of RM132.712 million as compared to RM185.339 million for the preceding year corresponding quarter.
Interest expense 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. The nominal value of borrowings as at 28
February 2026 was RM12.327 billion as compared to RM10.748 billion as at 28 February 2025.
The Group equity-accounted for its proportionate share of losses in AEON Bank amounting to RM31.1 million during the quarter as compared to RM22.8 million for the preceding year corresponding quarter.
