Kuala Lumpur: Aeon Co (M) Bhd has reported a significant 18% rise in its net profit for the first quarter of 2025, reaching RM68.10 million compared to RM57.39 million in the same period last year. This increase was primarily driven by heightened seasonal spending during the double festive celebrations within the quarter.

According to BERNAMA News Agency, the company’s revenue saw an increase of 6.6%, rising to RM1.24 billion from RM1.17 billion in the previous year. Both the retail business and property management services segments contributed to this revenue growth.

Aeon noted that its retail business segment achieved a 6.1% increase in revenue, amounting to RM1.04 billion during the reviewed quarter. This growth was attributed to stronger consumer spending during the festive periods.

The property management services segment also reported a robust revenue growth of 9.4%, reaching RM204.4 million. This was bolstered by an improved occupancy rate, effective tenancy renewals, and higher sales commissions, which were driven by the positive sales performance of tenants during the festive seasons.

Naoya Okada, managing director of Aeon, remarked that the retail industry is anticipated to adapt to rising business costs throughout the year. The company aims to meet evolving consumer expectations while maintaining resilient household spending.

Okada emphasized that Aeon is focused on enhancing operational efficiency, expanding private brand offerings, accelerating digital transformation, optimizing tenant mix, and strengthening its loyalty program. Additionally, the company seeks to elevate the overall value of its retail spaces to attract more foot traffic.

Looking forward, Aeon plans to deepen customer engagement, capitalize on emerging opportunities, and reinforce the foundations of its core businesses. This strategy aims to deliver sustainable value to customers, business partners, and shareholders, while continuing to serve communities across Malaysia.