Kuala lumpur: AEON Co (M) Bhd announced a significant increase in its net profit, reaching RM83.72 million for the first quarter of its financial year ending March 31, 2026 (1Q FY2026), compared to RM68.10 million during the same period last year.

According to BERNAMA News Agency, the general merchandise store and supermarket chain attributed this improvement to a more favourable product mix and higher variable income from its property management services segment. This increase was largely driven by heightened festive shopping activity, complemented by effective cost management and enhanced operational discipline.

However, revenue slightly decreased to RM1.242 billion in 1Q FY2026, down from RM1.244 billion in 1Q FY2025. This was attributed to effective cost management and improved operational efficiency, as stated in a Bursa Malaysia filing.

AEON's managing director, Tsugutoshi Seko, emphasized the company's focus on strengthening operational fundamentals and advancing key growth drivers. He mentioned that the company plans to improve efficiency, expand private brand offerings, and enhance customer engagement through its loyalty program.

Seko also highlighted AEON's commitment to advancing sustainability initiatives to support long-term value creation. Despite ongoing global uncertainties influencing consumer sentiment and spending patterns, Seko expressed optimism that underlying demand would remain resilient, supported by steady spending on essential goods, sustained in-mall activity, and supportive government stimulus initiatives.

The group remains dedicated to executing its strategic priorities, navigating evolving challenges, and delivering sustainable long-term value to shareholders.