AEON Co (M) Bhd posted an 18% increase in net profit to RM68.10 million for the first quarter ended March 31 2025, from RM57.39 million a year earlier, supported by festive-driven consumer spending. Revenue rose 6.6% year-on-year to RM1.24 billion, underpinned by growth in both its retail and property management segments.
The retail business segment delivered RM1.04 billion in revenue, up 6.1%, on the back of stronger consumer sentiment during the double festive period.
Its property management services segment saw a 9.4% increase in revenue to RM204.4 million, buoyed by higher occupancy rates, effective tenancy renewals and improved commissions tied to robust tenant sales.
Managing director Naoya Okada said Aeon will continue to adapt to rising business costs while enhancing operational efficiency and digitalisation.
The company remains focused on expanding private brand offerings, optimising tenant mix and strengthening customer engagement to drive long-term growth and community impact. — TMR
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