Aeon Credit shareholders give nod to final dividend, RM146.8mil in total payout
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.
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