AEON Co (M) Bhd (AEON Malaysia) posted a 21.8% year-on-year increase in profit after tax (PAT) to RM97.9 million for 1H26, despite revenue easing 0.3% to RM2.24 billion, supported by stronger property management contributions and disciplined cost management.
Retail revenue for the six months ended June 30 declined 1.1% to RM1.83 billion as cautious consumers prioritised essential purchases, while discretionary spending moderated.
The softer retail performance was partly offset by the property management services segment, where revenue rose 3.5% to RM412.5 million, driven by rental renewals, healthy occupancy and continued optimisation of its tenant mix.
For 2Q26, AEON recorded revenue of RM995.4 million, down 0.4% from a year earlier, while PAT climbed 15.4% to RM14.2 million from RM12.3 million.
Looking ahead, AEON remains cautious over the global economic environment and consumer spending trends, but expects resilient demand for essential goods to provide stability.
The company will continue focusing on private brands, its loyalty programme, digital transformation, tenant mix optimisation and cost discipline to support sustainable growth.
