Kuala lumpur: The Employees Provident Fund (EPF) recorded a total investment income of RM63.99 billion for the nine months ended September 30, 2025 (9M 2025), marking an 11 percent increase from RM57.57 billion registered in the same period of 2024.
According to BERNAMA News Agency, total investment income for the third quarter of 2025 (3Q 2025) reached RM25.07 billion, a 27 percent increase from RM19.67 billion in 3Q 2024. In a statement released today, EPF highlighted that equities were the largest contributor to investment income in 3Q 2025, accounting for RM16.95 billion or 68 percent of the total investment income.
Fixed income investments generated RM6.75 billion, or 27 percent, as part of their ongoing role in capital preservation. Real estate and infrastructure contributed RM1.14 billion (4.0 percent), while money market instruments recorded gains of RM0.23 billion (1.0 percent).
“Of the total investment income for 3Q 2025, RM20.48 billion was generated for Conventional Savings and RM4.59 billion for Shariah Savings,” the statement noted.
EPF also reported that total investment assets stood at RM1.37 trillion as of September 30, 2025, representing a 12 percent growth year-on-year. International investments accounted for approximately 39 percent of total assets, supported by resilient global equity market valuations. “During the quarter, international investments generated RM13.33 billion, representing 53 percent of the total investment income,” the statement added.
EPF’s chief executive officer, Ahmad Zulqarnain Onn, emphasized that the 11 percent growth in total investment income, along with a 12 percent growth in assets under management, is attributed to EPF’s strategic asset allocation, which enabled participation in the recovery of equity markets post-‘Liberation Day’.
“We are encouraged by the strength of the Malaysian economy, which supports 61 percent of EPF’s portfolio, while simultaneously pursuing a global investment strategy that generated 53 percent of total investment income this quarter,” Ahmad Zulqarnain stated.
Looking ahead, Ahmad Zulqarnain noted that while the performance in 9M2025 has been promising, EPF remains cautious as it approaches the fourth quarter. “The rally in global equity markets has elevated valuations, while mixed signals from global economic indicators may temper the pace of interest rate reductions. The EPF is actively managing these risks by accelerating the locking-in of profits at a pace that may be hard to match in 4Q 2025,” he added.
Furthermore, 427,329 new members registered with the EPF during 9M2025, increasing its total membership to over 16.5 million. Concurrently, new employer registrations rose by 62,401, raising the number of total active employers registered with the EPF to 628,321.
On a quarterly basis, total contributions increased by 10.5 percent to RM27.84 billion, up from RM25.20 billion in 3Q 2024. “Voluntary contributions increased by 47.5 percent to RM15.30 billion in 9M2025, from RM10.37 billion a year earlier,” the statement concluded.