4 days ago
RCE Capital posts solid 1Q26 performance
PETALING JAYA: RCE Capital Bhd believes that its commitment to maintaining asset quality by actively monitoring its portfolio and credit exposure is key to ensuring long-term sustainability of its business.
To strengthen competitive positioning, the group said it would continue to implement omnichannel marketing initiatives for enhanced customer experience and market reach expansion.
Releasing its results for the first quarter ended June 30 (1Q26) for the financial year ending March 2026 (FY26), RCE Capital saw net profit slide by 14.3% year-on-year to RM26mil, despite the marginal growth in revenue to RM79.8mil.
The group said the slightly better revenue was due to higher fee income from increased disbursements, before adding that net profit declined after accounting for higher allowances for impairment loss on receivables.
Compared to the previous quarter (4Q25), however, revenue fell by 14% from RM92.8mil, but net profit actually surged by 56.2% from RM16.6mil.
RCE Capital attributed the lower quarterly revenue to lower fees and early settlement profit income, while crediting the better 1Q26 profit primarily to the absence of impairment of goodwill on consolidation, and lower allowances for impairment loss on receivables.
