AMMB Holdings (AMBANK) Q3 2025 earnings summary

Executive summary

• Achieved resilient income growth with NIM expansion of 15 bps year-over-year, driving NII up 8% and total income up 5% compared to 9MFY24.

• PATMI rose 6.9% YoY to RM1.5 billion for 9MFY25, driven by NIM expansion and sharply lower net provisions.

• Profit before tax (PBT) rose 17% year-over-year, aided by lower impairment charges and absence of prior year one-off charges.

• Return on equity (ROE) annualized at 9.9% and return on assets (ROA) at 1.01% for 9MFY25.

• Well-capitalized with CET1 at 14.88% and total capital ratio at 17.62%.

Financial highlights

• Net interest income (NII) grew 8% year-over-year to RM2,675mil; total income up 5% to RM3,648mil.

• Net impairment charges dropped 69% year-over-year to RM95mil, reflecting reversals and lower ECL Stage 3.

• Basic EPS up 6.9% year-over-year to 44.99 sen.

• Gross loans grew 4.4% YoY to RM137.1bil, led by business banking.

• Customer deposits declined 2.8% YTD to RM138.4bil, with CASA ratio at 32.2%.

Outlook and guidance

• GDP growth for Malaysia projected at 4.5%–5.5% in CY2025; inflation expected at 2.5%–3.0%.

• Loans growth forecasted at 5.0%–6.0% with stable asset quality and resilient liquidity/capital positions.

• OPR expected to remain at 3.00%; USD/MYR outlook at 4.40–4.50.

• Management remains focused on executing the WT29 strategy, prioritizing profitable capital deployment and risk moderation.