Aeon Credit shareholders give nod to final dividend, RM146.8mil in total payout
KUALA LUMPUR: Aeon Credit Service (M) Bhd has received it shareholders' approval to pay a final single-tier dividend of 14.50 sen per share.
This brings the total dividend to 28.75 sen per share, amounting to RM146.8 million for financial year ended Feb 28, 2025 (FY25) and representing a payout ratio of 39.6 per cent.
Aeon Credit's revenue increased 15.1 per cent year-on-year to RM2.2 billion in FY25, supported by strong growth across all key products.
The company said it maintained operational efficiency with a cost-to-income ratio, excluding impairment losses, of 28.2 per cent, supported by ongoing digital transformation and process optimisation 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 net profit stood at RM370.6 million after equity accounted losses of RM68.33 million from Aeon Bank.
Total transaction volume grew 15.3 per cent to RM8.41 billion, while gross receivables reached RM14 billion, exceeding its 10 per cent annual growth target.
This was driven by robust performance in automobile financing, personal financing and payment business.
Aeon Credit managing director Daisuke Maeda said now that Aeon Bank is operational, the company is entering a new era of ecosystem-led expansion, enabling it to better serve the evolving needs of customers.
To support its growth, Aeon Credit has automated its credit assessment process.
The upgraded loan origination system enabled 41 per cent of applications to be processed automatically, with 19 per cent approved instantly via AI-driven credit scoring.
The rollout of a new collection system improved collection response times, boosting collection productivity by 22 per cent and achieving a 97.57 per cent collection ratio for billing accounts not past due.
The company said the risk-based collection strategy supported by an AI-driven scoring model, further enhanced collection performance and productivity.
Under the Aeon Living Zone vision, Aeon Credit continues to foster 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 tiered Aeon loyalty programme to broaden 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," Maeda said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Straits Times
4 days ago
- New Straits Times
Aeon Credit shareholders give nod to final dividend, RM146.8mil in total payout
KUALA LUMPUR: Aeon Credit Service (M) Bhd has received it shareholders' approval to pay a final single-tier dividend of 14.50 sen per share. This brings the total dividend to 28.75 sen per share, amounting to RM146.8 million for financial year ended Feb 28, 2025 (FY25) and representing a payout ratio of 39.6 per cent. Aeon Credit's revenue increased 15.1 per cent year-on-year to RM2.2 billion in FY25, supported by strong growth across all key products. The company said it maintained operational efficiency with a cost-to-income ratio, excluding impairment losses, of 28.2 per cent, supported by ongoing digital transformation and process optimisation 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 net profit stood at RM370.6 million after equity accounted losses of RM68.33 million from Aeon Bank. Total transaction volume grew 15.3 per cent to RM8.41 billion, while gross receivables reached RM14 billion, exceeding its 10 per cent annual growth target. This was driven by robust performance in automobile financing, personal financing and payment business. Aeon Credit managing director Daisuke Maeda said now that Aeon Bank is operational, the company is entering a new era of ecosystem-led expansion, enabling it to better serve the evolving needs of customers. To support its growth, Aeon Credit has automated its credit assessment process. The upgraded loan origination system enabled 41 per cent of applications to be processed automatically, with 19 per cent approved instantly via AI-driven credit scoring. The rollout of a new collection system improved collection response times, boosting collection productivity by 22 per cent and achieving a 97.57 per cent collection ratio for billing accounts not past due. The company said the risk-based collection strategy supported by an AI-driven scoring model, further enhanced collection performance and productivity. Under the Aeon Living Zone vision, Aeon Credit continues to foster 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 tiered Aeon loyalty programme to broaden 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," Maeda said.
New Straits Times
5 days ago
- New Straits Times
CPI Land to launch premium residential project with RM557mil GDV in Gombak
KUALA LUMPUR: CPI Land is set to launch a residential development in Selangor that "will redefine" luxury living in the region. Permata Heights, a premium freehold landed residential development in Gombak, will boast a total gross development value (GDV) of RM557 million. "Permata Heights signifies CPI Land's strategic expansion into the high-end landed property market, reinforcing its commitment to delivering standout homes in highly sought-after locations. "Nestled at the highest point of Taman Bukit Permata, this exclusive 8.33-hectare development will feature only 177 residential units, offering a low-density living experience across stratified super-link homes, semi-detached houses and bungalows," it said. The limited collection of residences is designed to cater to discerning buyers seeking unparalleled privacy, space and modern amenities, CPI Land added. "Post-pandemic trends clearly show rising demand for upmarket landed homes, with recent launches outperforming comparable mass-market properties. "We're not just entering this segment; we're doing it with intention. Location, low density, and market alignment are our pillars, ensuring Permata Heights offers exceptional value and an elevated lifestyle," said Chung Shan Tat, chairman of CPI Land. The initial phase, Permata Gemma, is targeted for launch in July with a projected GDV of RM123 million. The phase will comprise 36 three-storey semi-detached homes and 24 three-storey bungalows, tailored for business owners and multi-generational families. Prices for semi-detached homes will start from RM1.76 million, while bungalows will be priced around RM2.2 million, reflecting the premium features and expansive layouts. These residences will boast open designs, high ceilings, full-length windows, private gardens or balconies, and provisions for lifts, EV charging, and solar panels, blending sustainability with sophisticated living. "Permata Heights is poised to become a landmark development, offering residents unobstructed views of the Kuala Lumpur skyline and excellent connectivity to major highways such as MRR2, Duke, Karak Expressway and the Setiawangsa-Pantai link," Chung said. Buying sub-sale terrace homes today often comes with high renovation costs, ageing structures, and sky-high prices, he added. "Permata Heights addresses this by offering brand new landed homes featuring modern façades with distinctive curated residences and amenities that have become a hallmark of our company." Chung said the initial market response has been overwhelmingly positive, with significant interest and sales appointments already booked. Full take-up of Permata Gemma is anticipated within six to nine months. Following Permata Gemma, Phase 2 (39 semi-detached homes and bungalows) and Phase 3-a gated 78‑unit stratified landed phase on the distinctive "Eyeball" apex, will roll out next year. Phase 4 will comprise serviced apartments which will be located away from the first three phases. CPI Land is preparing another landed project in Selayang by year‑end. The company has also acquired 2.25ha in Permas Jaya, Johor expanding beyond the central region for the first time. This positions the company to strengthen its portfolio.
Malay Mail
5 days ago
- Malay Mail
AEON launches reforestation drive in Johor, targets 30,000 trees in Segamat after Bidor forest success
KUALA LUMPUR, June 24 — AEON has launched a new three-year reforestation initiative in Segamat, Johor, following the successful completion of its Malaysia-Japan Friendship Forest Programme in Bidor, Perak. The Segamat Reforestation Project was announced during a ceremony at the Forest Research Institute Malaysia (FRIM) headquarters in Kepong last Friday. It marks the next chapter in AEON's long-standing environmental sustainability efforts, in collaboration with FRIM. AEON said the project will see 30,000 rainforest trees planted across 36 hectares in three phases between 2025 and 2027, replicating the ecological impact of the Bidor initiative. The site in Bidor, once a degraded tin mining area, was transformed into a thriving ecosystem with 30,000 trees planted over 22.75 hectares between 2014 and 2023. AEON CO. (M) BHD managing director Naoya Okada and FRIM director-general Dato' Dr Ismail Parlan formalised the Segamat collaboration by exchanging a Letter of Intent (LOI), witnessed by FRIM deputy director-general (Research) Dr Norwati Muhammad and AEON deputy managing director Tsugutoshi Seko. As part of the launch, a symbolic tree-planting ceremony was held at FRIM's Padang 44, with native rainforest species including meranti temak nipis (Anthoshorea roxburghii), meranti tembaga (Rubroshorea leprosula), and sesenduk (Endospermum diadenum). Exchange of the Letter of Intent (LOI). From left: Tsugutoshi Seko, Deputy Managing Director of AEON, Naoya Okada, Managing Director of AEON, Dato' Dr. Ismail Parlan, Director General of FRIM, and Dr. Norwati Muhammad, Deputy Director General (Research) of FRIM. Okada said the new project builds on the achievements in Bidor, which now serves as a research and seed production site and forms part of the government's 100 million tree planting campaign. 'The Bidor project is a testament to what can be achieved when corporate responsibility is combined with scientific expertise. AEON is proud to carry this legacy forward in Segamat,' he said, adding that AEON has planted over 557,000 trees nationwide since beginning its green initiatives in 1991. Dr Ismail said FRIM values AEON's ongoing support in environmental conservation and welcomes further collaboration. 'The restoration efforts in Bidor have not only revitalised the land but also attracted a variety of fauna, including migratory birds. We look forward to expanding our partnership with AEON,' he said. AEON said the reforestation initiative forms part of its broader Environmental, Social and Governance (ESG) goals, promoting biodiversity, community engagement and sustainable development.
