
AEON Co (M) Bhd reported a 23% year-on-year increase in net profit to RM83.7 million for the first quarter ended March 31, 2026, its strongest quarterly performance in more than 13 years, supported by higher-margin product sales and stronger property management income.
In a Bursa Malaysia filing, the retailer said revenue was broadly unchanged at RM1.24 billion compared with RM1.24 billion a year earlier, indicating improved profitability rather than top-line growth.
The group attributed the stronger earnings to a shift towards higher-margin products as well as better contributions from its property management services segment, which benefited from increased festive shopping activity.
No dividend was declared for the quarter.
Its MD Tsugutoshi Seko said underlying consumer demand is expected to remain resilient despite global uncertainties, supported by essential spending, steady in-mall traffic and government stimulus measures.
On expansion plans, AEON said its AEON Mall KL Midtown is on track for opening by end-2026, while a new two-storey mall is being developed as part of the AEON Mall Seremban 2 expansion. Renovations are also planned for AEON Permas Jaya and AEON Taman Universiti this year.
The group said it will continue focusing on operational efficiency, expanding private label offerings and strengthening customer engagement through its loyalty programme. — TMR
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