CIMB Group Holdings (CIMB) Q4 2025 earnings summary

Executive summary

• Achieved record net profit of RM7.9 billion for FY25, with ROE at 11.3%, meeting strategic targets despite FX headwinds and persistent rate cuts.

• Asset growth of 6.1% YoY (ex-FX), supported by strong deposit franchise, healthy loan and deposit expansion, and improved asset quality.

• Maintained disciplined cost control, with cost-to-income ratio at 47.3% and continued investment in technology.

• Strategic focus on capital reallocation, digital transformation, and sustainability initiatives, including blockchain and ESG leadership.

• Declared record total dividend payout of RM5.1 billion, including a proposed second interim dividend and capital return programme.

Financial highlights

• Net profit for FY25: RM7.9 billion (up 1.7% YoY); profit before tax: RM10.7 billion (up 2.7% YoY); operating income: RM22.5 billion (up 0.7% YoY).

• Non-interest income grew 3.1% YoY to RM7.1 billion, driven by trading, FX, and fee income.

• Net interest income remained stable at RM15.3 billion; NIM compressed by 8bps YoY to 2.10%.

• Dividend payout of 47.1 sen per share, with a payout ratio of 55.2% and yield of 5.7%.

• Total assets grew 6.1% on a constant currency basis to RM778.7 billion; loan growth at 3.1% YoY.

Outlook and guidance

• FY26 guidance: ROE target of 11.0–11.5%, asset growth of 5–7%, CIR below 47%, loan loss charge 25–35bps, CET1 ≥14%.

• On track to achieve 12–13% ROE by 2027, with focus on prudent asset growth, NIM management, and increased non-interest income.

• FX volatility and macroeconomic headwinds, especially in Indonesia and Thailand, remain key risks.

• Margin guidance for 2026 is ±5bps at group level, with Malaysia expected to be stable to slightly expanding.

• Loan growth guidance: Malaysia 4–5%, Indonesia 3–5%, Singapore high single digits, Thailand negative.