AEON CREDIT RECORDED 14.6% REVENUE GROWTH TO RM575.04 MILLION IN Q4FYE25

The Group declares a final single-tier dividend of 14.50 sen per shares in respect of FYE25

KUALA LUMPUR, April 9 (Bernama) -- AEON Credit Service (M) Berhad (“AEON Credit” or the “Group”) today reported a 14.6% growth in revenue to RM575.04 million in the fourth quarter ended 28 February 2025 (“Q4FYE25”) compared to RM501.57 million of the preceding year corresponding to quarter ended 29 February 2024 (“Q4FYE24”).

The Group’s transaction and financing volume surged by 16.7%, reaching RM2.16 billion in Q4FYE25, compared to RM1.85 billion in Q4FYE24. Correspondingly, the Group’s gross financing receivables rose by RM1.89 billion, reaching RM14.12 billion in Q4FYE25, marking a 15.4% growth from RM12.23 billion in Q4FYE24. This expansion was driven by the Group’s strategic focus on penetrating the M40 segment, strengthening its asset quality through refined product offerings of Vehicle Financing, collaborative campaigns with AEON Group and ongoing efforts to promote digital onboarding.

Both Profit Before Tax (“PBT”) and Profit After Tax (“PAT”) grew to RM179.70 million and RM131.00 million respectively. The strong performance was underpinned by robust revenue growth driven by Personal Financing and Vehicle Financing with solid receivable growth across key products. However, this was partially offset by higher impairment losses on financing receivables that reflected an increase of RM71.30 million mainly contributed by higher receivables, along with increased other operating expenses in line with higher sales and revenue generated costs.

The Board has recommended a final single-tier dividend of 14.50 sen per share, scheduled for payment on 24 July 2025, subject to shareholder approval at the forthcoming Annual General Meeting, with the date to be announced later. The total dividend payable for FYE25 amounting to RM146.80 million with a payout ratio of 39.6%.

For the financial year ended 28 February 2025 (“FYE25”), the Group reported a 15.1% growth in revenue to RM2.20 billion compared to RM1.91 billion recorded in the preceding year (“FYE24”). The growth was driven by 15.3% increase in transaction and financing volume, which reached RM8.41 billion year-on-year (“YoY”).

PBT and PAT stood at RM513.51 million and RM370.61 million respectively, after accounting for a RM68.33 million share of losses from AEON Bank, an associate company. This translated to earnings per share (“EPS”) of 72.58 sen and a return on average equity (“ROE”) of 13.6%.

The Group’s Non-Performing Loans (“NPL”) ratio recorded a marginal increase to 2.64% in FYE25, compared to 2.57% in FYE24. AEON Credit remains committed to prudent credit risk management, with a strong emphasis on maintaining asset quality. This includes strengthening credit assessment policies through the introduction of a new credit limit multiplier policy, implementing enhanced training programs to improve credit judgment skills, and proactively monitoring and managing underperforming portfolios to ensure sustainable growth.

Prospect:
Malaysia’s GDP grew by 5.0% in Q4 2024, driven by stronger private spending and a recovery in exports. However, this was slightly lower than the 5.4% growth recorded in Q3. Looking ahead, Bank Negara Malaysia projects economic growth of between 4.5% and 5.5% in 2025, supported by sustained domestic expenditure and improving external demand.

In response to prevailing geopolitical tensions, inflationary pressures, and ongoing volatility in global financial markets, the Group maintains a cautious yet strategic approach to business. It remains committed to prudent growth, prioritizing high-quality assets while actively managing credit risks within its financing portfolios.

As the Group enters the new financial year, it remains focused on long-term sustainability, staying true to its purpose of "Bringing Finance Closer to Everyone." To realize this vision, the AEON Living Zone initiative has been set in motion. A dedicated project team has been formed, targeting a market rollout in the first half of FYE2026. This initiative will introduce a tiered membership program with enhanced privileges, designed to expand customer reach while strengthening loyalty. Further collaborations will continuously enhance the AEON Living Zone ecosystem by expanding the features of AEON Wallet, providing customers with a more seamless and integrated financial experience.

AEON Bank has introduced a range of new products set for release in the coming financial year, including the recent introduction of Shariah-Compliant Personal Financing of up to RM10,000. Complementing this initiative, AEON Bank has also launched "Neko Missions," an innovative gamification-based stamp program designed to deepen customer engagement.

With these strategic initiatives, the Group remains committed to delivering value-driven financial solutions while adapting to an evolving economic landscape.

Barring unforeseen circumstances, the Group expects to be able to maintain its business momentum by implementing the appropriate measures for the financial year ended 28 February 2026.

ABOUT AEON CREDIT SERVICE (M) BERHAD
AEON Credit Service (M) Berhad (“AEON Credit”) was incorporated on 6 December 1996 and converted into a public limited company on 9 February 2007 and subsequently listed on the Main Market at Bursa Malaysia Securities Berhad on 12 December 2007. Today, the business of the Group has involved in issuance of Credit Cards, Prepaid Cards, AEON Wallet App, Easy Payment Schemes, Hire Purchase Financing for Motor Vehicles, Personal Financing Schemes, Insurance Broker, Digital Islamic Banking, and other related services. The Group currently has 5 Regional Offices, 60 branches and service centres located in the major shopping centres and towns, a network of more than 7,700 participating merchant outlets nationwide.

Issued by AEON Credit Service (M) Berhad

SOURCE: Aeon Credit Service (M) Berhad

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Ms. Tanny Tan
Tel: +603 2772 9113
Email: corp_communication@aeoncredit.com.my

--BERNAMA

QINGMING FESTIVAL MEMORIAL CEREMONY FOR YELLOW EMPEROR HELD AT SHAANXI MAUSOLEUM

The Yisi Year (2025) Qingming Festival Memorial Ceremony for the Yellow Emperor was held in Shaanxi.

KUALA LUMPUR, April 7 (Bernama) -- The Yisi Year (2025) Qingming Festival Memorial Ceremony for the Yellow Emperor took place at the Mausoleum of the Yellow Emperor in Huangling County, Shaanxi Province, on April 4.

This site is the final resting place of the Yellow Emperor, revered as the common ancestor of the Chinese nation, according to a statement.

The ceremony began with attendees standing in solemn respect as drumbeats and bell rings filled the air. The 34 drumbeats symbolised the united spirit of the Chinese people, both domestically and overseas, in honouring their shared ancestor, while the nine bell rings represented the highest respect and admiration for the Yellow Emperor.

Following the ritual music, floral tributes were presented to the statue of the Yellow Emperor by the National People's Congress Standing Committee Vice Chairman, Zhang Qingwei, and the Chinese People's Political Consultative Conference Vice Chairman, He Baoxiang.

Additionally, CPC Shaanxi Provincial Party Committee Secretary, Zhao Yide, also laid a flower basket on behalf of the provincial representatives, while the memorial address was delivered by Shaanxi Province Governor, Zhao Gang.

The ceremony continued with a traditional music and dance performance, followed by a dramatic display of a 56-metre-long Chinese dragon that soared into the sky, symbolising the deep respect of the Chinese people for their cultural ancestor and their collective hopes for national rejuvenation.

The ceremony concluded with attendees visiting Xuanyuan Hall to pay homage before participating in a tree-planting ceremony at the Huangdi Mausoleum.

The event was organised by several government offices, including the Taiwan Affairs Office of the State Council, the Overseas Chinese Affairs Office, the All-China Federation of Returned Overseas Chinese, and the Shaanxi Provincial People's Government.

-- BERNAMA

1000 MIGLIA 2025: OVER 400 CREWS SET FOR HISTORIC RACE

KUALA LUMPUR, April 7 (Bernama) -- The list of participating cars for the 1000 Miglia 2025 has been finalised by the Selection Committee, which is responsible for curating what Enzo Ferrari once described as the "most unique travelling museum in the world".

A total of over 400 crews from 29 countries will take part in the 43rd re-enactment of the Red Arrow, according to a statement.

Italy leads in representation, followed by the Netherlands, Great Britain, and the United States. Among the competing vehicles, 127 are pre-war models, while 78 raced in the historic speed competition between 1927 and 1957.

The event featured prestigious marques, including 17 Ferraris, 10 Bugattis, and eight Bentleys, as well as 18 pre-war Alfa Romeos. A standout entry is the one-of-a-kind Biondetti Ferrari-Jaguar Special, alongside an Aston Martin DB 3 and two Porsche 550 Spyder RS models, which are sure to turn heads.

The race, scheduled from June 17 to 21, will cover approximately 1,900 kilometres over five days of competition and will follow a "figure-of-eight" route inspired by the first 12 editions of the original 1000 Miglia speed race, passing through cities like San Lazzaro di Savena, Rome, Cervia-Milano Marittima, and Parma.

Defending champions Andrea Vesco and Fabio Salvinelli, aiming for a fifth consecutive victory in their 1929 Alfa Romeo 6C 1750 SS Zagato, will face stiff competition from seasoned crews such as Fontanella-Covelli, Aliverti-Polini, and Turelli.

Famous personalities Joe Bastianich and Carlo Cracco will also take part, with Bastianich driving a 1954 Porsche 356 1000 Speedster and Cracco navigating in a 1927 Bugatti T40.

As per regulations, all participating vehicles must be certified by the Registro 1000 Miglia to ensure authenticity and uphold the standards required for the "Most Beautiful Race in the World".

-- BERNAMA

PETRONAS FUTURETECH 4.0 SEEKS INNOVATORS TO DRIVE THE FUTURE OF ENERGY

KUALA LUMPUR, March 26 (Bernama) -- PETRONAS has launched the fourth edition of its accelerator programme, FutureTech 4.0, aimed at scaling innovative solutions that addresses real-world industry challenges and redefine the future of energy. Open for applications now, this edition will focus on driving innovation and sustainability across three key categories: Industry & Work, Energy and Chemicals & Materials.

Twenty shortlisted startups will undergo a 12-week accelerator programme, gaining access to masterclasses, tailored workshops, and one-on-one mentorship and coaching. The programme will also provide business immersion with strategic partners, access to networks, new markets, and funding opportunities, as well as pilot and test-bedding initiatives to support the scaling of their startups.

The programme will begin with an Immersion Week, which coincides with Energy Asia this June, and culminate in a Demo Day at the end of August 2025. During Demo Day, startups will present their solutions to C-suite executives from PETRONAS and its corporate partners, as well as investors and potential collaborators.

PETRONAS Senior Vice President of Corporate Strategy, Marina Md Taib said, “At PETRONAS, we believe that innovation is key to shaping a sustainable future. Through FutureTech 4.0, PETRONAS aims to cultivate a culture of innovation and entrepreneurship, while nurturing a robust tech-driven startup ecosystem in Malaysia and the broader Asia Pacific region.”

“The programme offers startups a platform to develop solutions that address industry challenges and unlock new growth opportunities while contributing to long-term socio-economic transformation. With the support of our corporate partners, startups will have the opportunity to validate their innovations, scale their solutions, and make a meaningful impact towards energy transition efforts,” she added.

The past three cohorts have attracted over 900 applicants and supported the growth of 65 startups. In collaboration with our corporate partners, S P Setia Bhd, Xplor Ventures the Corporate Venture Capital (CVC) arm of PTTEP, BOSCH, FutureTech 4.0 aims to drive innovation in the energy sector, foster the next generation of innovators, and empower startups to scale their solutions. The programme will also receive support from key startup ecosystem partners including Malaysia’s Cradle Fund, Singapore’s SGInnovate, and Japan External Trade Organization.

Applications are open until 18 April, 2025. Interested startups can find more information on FutureTech 4.0 at https://www.petronas.com/ventures/futuretech4.0/

Issued by
Media Communications
Group Strategic Relations & Communications
PETRONAS

SOURCE: PETRONAS

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Estee Aina Huslan
Tel: 012-2283377
Email: esteeaina.huslan@petronas.com

--BERNAMA

DDPAI UNVEILS Z50 PRO IN MALAYSIA: STAY CONNECTED ON THE ROAD WITH 4G, 4K CLARITY & WI-FI 6

KUALA LUMPUR, Malaysia, March 25 (Bernama-GLOBE NEWSWIRE) -- DDPAI is launching its latest dash cam in Malaysia, the Z50 Pro. Designed for modern drivers, the Z50 Pro offers seamless 4G connectivity, crystal-clear 4K recording, and ultra-fast Wi-Fi 6, ensuring enhanced security, convenience, and performance on the road. 

Z50 Pro’s 4G connectivity provides drivers with real-time remote access to the dash cam. Users can check live footage, receive instant alerts, and manage recordings from anywhere via the DDPAI app. Whether monitoring a parked vehicle or staying updated on road conditions, 4G connectivity ensures uninterrupted peace of mind. The Z50 Pro 4G package includes a SIM card with a 90-day free trial 30GB data plan, ensuring instant connectivity out of the box.

Featuring Wi-Fi 6 high-speed transfer, the Z50 Pro significantly improves the efficiency of footage transfers. The improved wireless protocol delivers faster, more stable connections, making it easier than ever to access high-resolution footage without delays. Whether downloading large 4K video files or reviewing important recordings, Wi-Fi 6 ensures a buffer-free experience that enhances user convenience.

Beyond its advanced connectivity, the Z50 Pro records in true 4K resolution, capturing every detail with exceptional clarity. Empowered by AI ISP technology, the NightVIS 2.0 provides superior night vision, significantly enhancing nighttime parking monitoring in low-light conditions.

The Supercapacitor enhances durability and reliability, preventing power failures and increasing longevity. Meanwhile, 24/7 parking monitoring provides round-the-clock surveillance, offering continuous security and deterrence against theft or vandalism. Additionally, the GPS version includes built-in GPS and ADAS (Advanced Driver Assistance System) to provide real-time location tracking, driving insights, lane departure warnings, and forward collision alerts.

Leo Luo, CEO of DDPAI, stated: “The Z50 Pro’s 4G connectivity and 4K resolutions, along with other advanced features, are designed to make driving smarter and safer than ever. We believe that our new dash cam launch will set a new benchmark in the market, catering to everyday drivers who demand the best in value, security, and convenience.”

The DDPAI Z50 Pro is now available for purchase. Visit the Z50 Pro product page for more information, and find the available Z50 Pro packages on DDPAI Official Malaysia or DDPAI MALAYSIA CERTIFIED STORE.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c64402fe-a3bb-4c38-bc01-c44b75bb5ea2


overseas@ddpai.com

SOURCE : DDPAI Technology Co., Ltd

CARBONPURA LAUNCHES GHANA GREEN GUARD FOR SUSTAINABLE SOCIO-ECONOMIC DEVELOPMENT

KUALA LUMPUR, March 25 (Bernama) -- CarbonPura has introduced the US$25 billion Ghana Green Guard, a transformative series of privately funded environmental protection and climate-smart projects tailored to Ghana’s unique landscape. (US$1=RM4.43)

This initiative combines the power of climate futures ecosystems with carbon finance to tackle pressing environmental and sustainability challenges while advancing the country's environmental restoration and socio-economic development goals.

The agreement, involving CarbonPura Africa, the Environmental Protection Authority (EPA) of Ghana, and the Private Sector Participation in Health (PSPH), seeks to implement large-scale regenerative solutions for sustainability, according to a statement.

CarbonPura Africa Vice President of Operations, Dr Fred Bedzrah, described the agreement as a groundbreaking step in positioning Ghana as a leader in sustainable carbon finance, stating that by integrating transparent governance and community engagement, the Ghana Green Guard sets new standards for environmental and socio-economic impact.

Meanwhile, EPA Chief Executive Officer, Prof Nana Ama Browne Klutse highlighted the Ghana Green Guard Agreement as a pivotal milestone in the nation’s environmental progress. She emphasised the importance of public-private partnerships and international carbon markets in driving sustainability, protecting water resources, and securing a healthier future for all Ghanaians.

On the other hand, PSPH Executive Director, Dr Francis Adjei emphasised the social benefits, noting that true sustainability extends beyond environmental restoration to improving healthcare, strengthening communities, and creating opportunities for vulnerable groups.

The project is expected to generate over 305 million investment-grade carbon credits across 12 million hectares of diverse landscapes, with projected cumulative revenue of US$10.4 billion over 25 years. These efforts will support community development programmes, with a focus on empowering women, children, farmers, and vulnerable communities.

The initiative aligns with both international and local partners, government support, non-governmental organisations (NGOs), universities, and the United Nations’ 17 Sustainable Development Goals, as well as Ghana’s commitment to achieving net-zero emissions and global climate goals. A key priority is improving Ghana’s water security through sustainable solutions, particularly in regions impacted by illegal mining.

The project leverages 12 million hectares of ecologically rich land across Ghana, with activities including reforestation, regenerative agriculture, illegal mining restoration, and coastal environment regeneration. These efforts are aimed at achieving scalable, investment-grade carbon credit generation and ensuring sustained environmental improvement.

Each activity within the project is designed to deliver long-term environmental and socio-economic benefits, creating a positive cycle where ecological improvements lead to stronger communities, job creation, food security, and economic resilience.

-- BERNAMA

GLOBAL CALL FOR DESIGNERS: CREATE ANCIENT SHU CIVILISATION LOGO

KUALA LUMPUR, March 24 (Bernama) -- The Sichuan Provincial Cultural Heritage Administration has launched a global call for submissions for the ‘Ancient Shu Civilization Logo’, inviting individuals and organisations to create a logo for this civilisation, which will run until May 10.

The contest encourages participants to submit designs that embody the cultural value and unique charm of the ancient Shu civilisation, particularly two prominent historical sites, Sanxingdui and Jinsha, according to a statement.

A representative from the organising committee said the initiative aims to bridge ancient and modern civilisations, encouraging greater understanding and appreciation of the ancient Shu heritage.

Entries must incorporate elements from the Sanxingdui and Jinsha sites, showcasing the Shu civilisation’s cultural value, and the design should adopt an international perspective while incorporating Chinese cultural aesthetics and the distinctive characteristics of the Ba-Shu region.

It must align with the theme, feature an innovative composition, and be visually striking, highly recognisable, and artistically expressive.

Submissions should include both an image file and a source file, along with a written description of 300 to 800 words, submitted to the event's email address at submit@visitancientshu.com.

The competition offers a first prize of 50,000 Chinese yuan, two second prizes of 10,000 Chinese yuan each, three third prizes of 5,000 Chinese yuan each, and 10 excellence prizes of 2,000 Chinese yuan each. (100 Chinese yuan = RM61.06)

-- BERNAMA