Kuala Lumpur: Hong Leong Financial Group Bhd’s (HLFG) net profit for the third quarter of the financial year ending June 30, 2025, fell to RM714.12 million compared to RM818.07 million during the same period last year. Revenue also experienced a decline, coming in at RM1.70 billion from RM1.76 billion previously, as detailed in a filing with Bursa Malaysia.

According to BERNAMA News Agency, despite the quarterly dip, the group reported an increase in net profit for the cumulative nine-month period, reaching RM2.40 billion, slightly up from RM2.39 billion in the previous year. Revenue for the nine months also saw a rise to RM5.45 billion from RM5.04 billion.

In a separate statement, HLFG president and chief executive officer Tan Kong Khoon acknowledged the group’s resilience in the first nine months of FY2025, despite facing a challenging operating environment. He attributed the group’s performance to an 8.6 percent year-on-year increase in topline, driven by above-industry loan growth and a strategy that successfully boosted fee income, leading to a 14.2 percent year-on-year growth in non-interest income.

However, Tan noted that global economic uncertainties, including trade disruptions and geopolitical tensions, had an adverse impact on investment income within HLFG’s insurance and investment banking divisions. No dividend was declared for the quarter under review.