Kuala Lumpur: Malayan Banking Bhd’s (Maybank) net profit rose 4.2 per cent to RM10.51 billion for the financial year ended Dec 31, 2025 (FY2025), from RM10.08 billion a year earlier, supported by steady income growth, disciplined cost management and resilient asset quality.
Revenue, however, slipped to RM66.36 billion from RM68.94 billion, the bank said in a filing with Bursa Malaysia.
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Net interest income and Islamic banking income rose by RM656.5 million, or 3.1 per cent, to RM21.81 billion in FY2025.
Insurance and takaful services income increased by RM471.2 million, or 36.7 per cent year-on-year, to RM1.75 billion.
Other operating income slipped marginally to RM9.01 billion from RM9.06 billion, mainly due to an unrealised mark-to-market loss of RM66.4 million on financial liabilities at fair value through profit or loss (FVTPL) and a lower gain of RM629.2 million on disposal of financial assets at FVTPL.
The decline was partly offset by a RM1.00 billion higher realised gain on derivatives, a RM297.6 million increase in foreign exchange gains, a RM767.3 million lower unrealised mark-to-market loss on derivatives, and a RM212.7 million higher gain on disposal of financial investments at fair value through other comprehensive income (FVOCI).
Overhead expenses rose 2.6 per cent to RM14.83 billion, driven by higher personnel costs of RM137.8 million, administrative and general expenses of RM126.4 million, establishment costs of RM106.3 million and marketing expenses of RM8.5 million.
Net allowances for impairment losses on loans, advances, financing and other debts improved by 66.4 per cent to RM562.1 million, while net allowances for impairment losses on financial investments rose to RM847.2 million.
For the fourth quarter (4Q) ended Dec 31, 2025, net profit increased to RM2.67 billion from RM2.53 billion a year earlier, while revenue declined to RM15.81 billion from RM16.73 billion.
Quarterly net interest income and Islamic banking income grew 7.6 per cent year-on-year to RM5.77 billion, while insurance and takaful service results improved to RM584.6 million.
Other operating income fell to RM1.49 million in 4Q, mainly due to a lower unrealised mark-to-market gain of RM1.59 billion on financial liabilities at FVTPL and a RM460.5 million lower gain on disposal of financial assets at FVTPL.
The decline was cushioned by a RM611.9 million lower unrealised mark-to-market loss on derivatives, an unrealised mark-to-market gain of RM444.6 million on financial investments at FVTPL, a net foreign exchange gain of RM75.5 million and a RM191.5 million higher realised gain on derivatives.
Net allowances for impairment losses on loans, advances, financing and other debts fell by RM435.9 million in the quarter, while allowances for impairment losses on financial investments stood at RM175.4 million.
In a separate statement, chairman Tan Sri Ir Zamzamzairani Mohd Isa said the group’s full-year performance reflected the resilience of its diversified franchise and the strength of its balance sheet.
He said Maybank delivered improved profitability and returns while maintaining strong capital and liquidity buffers, underpinned by prudent risk management and disciplined execution.
Group chief financial officer Shafiq Abdul Jabbar said 2025 marked the conclusion of the bank’s M25+ strategy, during which it strengthened its regional franchise, accelerated its digital transformation, and enhanced its customer-centric capabilities.
He said the group grew core fee income, reinforced its deposit franchise, improved asset quality and strengthened capital, while deepening its leadership positions across ASEAN.
Maybank declared a second interim cash dividend of 33 sen per share, bringing total dividends for FY2025 to 63 sen per share, equivalent to a payout ratio of 72.4 per cent and a dividend yield of 6.0 per cent.
