CIMB Group Holdings (CIMB) Q2 2025 earnings summary

Executive summary

• Delivered resilient 1H25 results with 11.1% ROE amid macro headwinds and FX volatility, supported by Malaysia and Singapore offsetting Indonesia's currency-driven weakness.

• Net profit for 1H25 was RM3.86 billion, down 0.9% YoY; PBT at RM5.27 billion; EPS at 36.0 sen.

• Maintained stable NIM at 2.15% in 2Q25 despite rate cuts in key markets.

• Asset quality remained robust, with GIL at 2.1% and allowance coverage at 100.7%.

• Proposed first interim dividend of RM2.1 billion (19.75 sen per share), maintaining a 55.5% payout ratio.

Financial highlights

• Operating income for 1H25 was RM11.10 billion, down 1.2% YoY but up 1.9% QoQ in 2Q25; PPOP up 4.5% QoQ.

• Net interest income flat YoY at RM7,652 million; non-interest income up 5.3% QoQ in 2Q25, driven by trading income.

• Cost-to-income ratio at 46.2% for 1H25; operating costs declined 1% QoQ.

• Credit cost at 29bps for 1H25; allowance coverage above 100%.

• Total assets stood at RM769.2 billion as of June 2025; total deposits grew 4.9% YoY; CASA ratio at 44.0%.

Outlook and guidance

• Maintains FY25 ROE guidance at 11.0–11.5% and CIR below 46.7%.

• Loan growth expected at 5–7% on constant currency basis; loan loss charge guided at 25–35bps; CET1 ratio to remain ≥14.0%.

• NIM guidance: 5–8bps compression YoY, with sequential contraction in Q3 before recovery.

• Focus on deposit-led growth, prudent capital allocation, cost discipline, and asset quality.

• Continued investment in digital enablement, operational resilience, and sustainability initiatives.