CIMB Group Holdings (CIMB) Q3 2025 earnings summary

Executive summary

• Net profit for Q3 2025 grew 10% quarter-on-quarter, bringing nine-month net profit to RM5.94 billion and ROE to 11.3%.

• Performance attributed to a diversified portfolio, strong business segments, and disciplined execution despite macro headwinds and persistent rate cuts.

• Strategic investments in digital banking, cross-border payments, and sustainability initiatives advanced long-term value.

• Operating income for 9M25 grew 0.4% year-over-year to RM17.05 billion, with a 6.2% sequential increase in 3Q25, driven by strong non-interest income and stable net interest income.

• The Group announced special dividends of up to RM760.2 million (7.0 sen per share) in addition to regular dividends.

Financial highlights

• Net interest income for 9M25 was RM8.40 billion, slightly down from RM8.57 billion year-over-year; NIM compressed by 8 basis points year-on-year to 2.13%.

• Non-interest income for 9M25 was RM4.86 billion, up 3.4% year-on-year and 20.3% quarter-on-quarter, supported by cross-sell strategies.

• CASA deposits grew 13.9% year-on-year in one source and 9.1% in another; CASA ratio improved to 44.1%.

• Operating expenses rose 1.6% year-on-year; cost-to-income ratio at 46.5% for 9M25.

• Loan loss charge at 33 basis points, gross impaired loans ratio at 1.9%, and allowance coverage at 102.8%.

Outlook and guidance

• 2025 guidance maintained across all key metrics, with ROE guidance at 11.0–11.5%, loan growth 5–7%, CIR below 46.7%, loan loss charge 25–35bps, and CET1 ≥14.0%.

• FX volatility expected to remain a short-term headwind, especially with significant business outside Malaysia.

• NIMs expected to stabilize as rate cuts taper off; continued long-term investment focus and Forward30 strategy to guide digital and sustainability initiatives.