Maybank Group announced an increase in net profit to RM10.51 billion, up 4.2% y-o-y for FY2025 ended Dec 31, 2025. This was underpinned by steady income growth, disciplined cost management and resilient asset quality.
Profit before tax (PBT), meanwhile rose 4.6% y-o-y to RM14.33 billion, reflecting stronger operating performance and lower credit costs during the year. Net operating income grew 2.7% y-o-y to RM30.38 billion, driven by an increase in net fund-based income to RM20.23 billion and non-interest income (NoII) to RM10.15 billion, up 2.7% y-o-y respectively. Net interest margin (NIM) remained stable at 2.05% despite rate cuts seen across markets, while improved asset quality, disciplined cost management, and optimised capital management lifted return on equity (ROE) to 11.7% from 11.1% in FY2024.
Managing costs remains a priority, with cost-to-income ratio marginally improving to 48.8% despite a 2.6% y-o-y rise in overhead expenses. This was largely attributable to inflationary adjustments in personnel costs alongside increases in credit card related fees, IT expenses and marketing costs. Notwithstanding this, pre-provisioning operating profit (PPOP) was up 2.8% to RM15.54 billion.
Group loans expanded 1.7% y-o-y, supported by growth across its home markets, led by Malaysia increasing 6.1% and Singapore rising 5.0%.
Maybank Singapore recorded a rise in PBT which increased 1.3% to $711.30 million supported by stronger net fund-based income cushioning the impact of NoII slowdown, higher overheads and lower impairment allowance write-back. Net fund-based income rose by 11.8% y-o-y to $773.78 million on improved net interest margin as reduced cost from lower interest rates and proactive liquidity management outpaced the decline in interest income from lower asset yields. NoII eased marginally by 0.4% y-o-y as treasury income fell due to lower FX gains and trading securities income, mitigated by growth in wealth income, loans and trade related fees as well as income from sale of securities.
Maybank Indonesia recorded a significant increase in Patmi surging 48.5% y-o-y to INR1.66 billion, driven by better cost management and continued reduction in loan loss provisions. PBT also grew strongly by 38.9% to INR2.22 billion for FY2025 compared to the previous year, backed by a rise in net fund-based income and NoII. Net fund-based income increased by 1.6% y-o-y to INR7.22 billion, supported by disciplined pricing and a shift in funding composition towards more efficient funding, while NoII was up 8.1% to INR2.33 billion, backed primarily by a turnaround in Global Markets income amounting to INR441.0 billion, as well as recovery-related and wealth management income.
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The board declared a full cash second interim dividend of 33 sen per share, bringing total FY2025 dividends to 63 sen per share. This translates into a dividend payout ratio of 72.4% and a dividend yield of 6.0%.
Maybank’s chairman Tan Sri Dato’ Sri Ir. Zamzamzairani Mohd Isa says: “While global uncertainties persist, domestic demand across our home markets continue to provide underlying support. The Board remains focused on ensuring that Maybank is well-positioned to navigate evolving conditions with sound governance, financial resilience and sustainable growth at its core, raising the ceiling by enabling businesses and economies to unlock new opportunities for growth and innovation. All this, while continuing to deliver consistent dividends that reflect our stakeholders’ confidence in the group’s earnings durability and capital strength.”
As at 4.50pm, shares in Maybank are trading at RM12.02, up about 15% ytd.
