Cimb Group Holdings Bhd · MYX:CIMB
Cimb Group Holdings Bhd — Q3 2025 Earnings Presentation
40 slides from Cimb Group Holdings Bhd's earnings presentation, Nov 28, 2025
Slide 1: Analyst Presentation 3Q25
Analyst Presentation 3Q25 CIMB Group Holdings 28 November 2025 MOVING FORWARD WITH YOU
Slide 2: GCEO Observations
GCEO Observations MOVING FORWARD WITH YOU 2
Slide 3: GCEO Observations
GCEO Observations • Robust 3Q25 financial performance, with net profit growing 10.0% QoQ • This brings 9M25 net profit to RM5.94 bil and ROE of 11.3% • Our diversified portfolio and disciplined Forward30 execution enabled us to deliver a resilient performance despite the macro headwinds and persiste
Slide 4: Strategic initiatives to drive long-term value for our customers and society
Strategic initiatives to drive long-term value for our customers and society Strategic investments and partnerships First of its kind Society RMB3 bil Panda Bond Upgraded digital banking Largest single tranche issuance by a Digital infrastructure for the platform for non-retail customers Malaysian i
Slide 5: Forward30: CIMB's 6-year strategic plan
Forward30: CIMB’s 6-year strategic plan Purpose Advancing Customers and Society Society & Priorities People & Culture Customers Sustainability 1 Capital and resources: Reallocate and optimise Strategic 2 3 moves – Cash: Build deposit Cross-sell: Increase returns the 4Cs franchise 4 Capabilities: Sim
Slide 6: Forward30 4Cs strategic moves update (1/2)
Forward30 4Cs strategic moves update (1/2) Capital Cash Capital return Reduction in cost of funds mitigated NIM compression 21bps 10bps Up to RM2 bil YoY QoQ capital return by end-20271 Rate cuts MY TH ID SG2 1Q25 - (25bps) (25bps) (~50bps) 2Q25 - (25bps) (25bps) (~50bps) Up to RM760.2 mil 3Q25 (25b
Slide 7: Forward30 4Cs strategic moves update (2/2)
Forward30 4Cs strategic moves update (2/2) Cross-sell Capabilities Fee and commission income CIR within guidance with continued investment in technology #1 In MYR bond market 1 3.0% 5.6% YoY QoQ Treasury client sales 4.3% YoY 13.6% QoQ 46.5% 7.5% 9M25 CIR vs 46.7% Tech CIR Wealth2 in FY24 AUM 32.2%
Slide 8: GCFSO Observations
GCFSO Observations MOVING FORWARD WITH YOU 8
Slide 9: 9M25 Key Highlights
9M25 Key Highlights Group NIM NOII/Total Income Cost-to-Income Profit Before Tax (RM) 2.13% 32.7% 46.5% 8,117 mil -8bps YoY +90bps YoY +60bps YoY +1.0% YoY -7bps QoQ +420bps QoQ +140bps QoQ +7.3% QoQ ROE Gross Loans Loan Loss Charge CET1 (RM) 11.3% 448.2 bil 33bps 14.8% -40bps YoY +3.3% YoY* +8bps Y
Slide 10: Key Business Highlights
Key Business Highlights Growth momentum underpinned Resilient regional performance Persistent NIM headwinds from by strong NOII on a constant currency basis rate cuts across the region NOII (RM ’mil) (RM ’mil) Banking book NIM Total +20.3% QoQ +3.4% YoY Income 16,973 +4.0% 17,648 2.75% 5,577 2.66% 2
Slide 11: PBT by Segment
PBT by Segment Consumer Commercial 27% 17% Banking Banking PBT YoY QoQ PBT YoY QoQ RM2,179 mil ▼ 9.3% ▼ 4.6% RM1,357 mil ▼ 10.0% ▼ 11.7% Lower Consumer PBT YoY from timing of overlay Commercial PBT impacted by NIM contraction reallocation. 3Q25 underlying performance driven by across key markets, co
Slide 12: PBT by Country
PBT by Country Malaysia 61% Indonesia 23% PBT YoY QoQ PBT YoY QoQ RM4,942 mil ▲ 7.2% ▲ 4.2% RM1,856 mil ▼ 3.9% ▲ 0.5% Sustained strong Malaysia performance driven by Indonesia challenged by macroeconomic improved operating income, resilient NIM and uncertainty but steady financial performance with h
Slide 13: Net Interest Income
Net Interest Income Net Interest Margin* Country (%) 3Q25 2Q25 9M25 9M24 Group 2.08 2.15 2.13 2.21 2.23% Group 2.21% 2.17% 2.16% 2.15% 2.13% 2.08% Malaysia 1.75 1.80 1.78 1.78 NIM Indonesia^ 4.08 3.93 4.00 4.16 2.74% 2.75% Banking book 2.62% 2.66% 2.66% 2.64% Thailand^ 1.86 1.72 1.88 2.27 2.55% NIM
Slide 14: Non-Interest Income
Non-Interest Income NOII Breakdown (RM ’mil) 3Q25 QoQ 9M25 YoY Total NOII Trading & FX Fee & commission 733 5.6% 2,151 3.0% +20.3% QoQ +24.5% QoQ Trading & FX 1,159 24.5% 3,018 3.1% 2,128 1,159 1,769 931 969 Others 236 63.9% 408 8.2% 642 838 476 1,159 Total 2,128 20.3% 5,577 3.4% 931 455 517 2Q25 3Q
Slide 15: Operating Expenses
Operating Expenses Total Operating Expenses (RM ’mil) 3Q25 QoQ 9M25 YoY CIR Personnel 1,792 17.2% 4,910 1.9% 49.2% Establishment 190 11.1% 553 (9.5%) 46.9% 46.9% 45.9% 46.5% 46.5% 45.5% Technology 406 (6.7%) 1,283 (2.1%) Marketing 117 (22.0%) 359 37.0% (RM ‘mil) Admin & General 286 7.5% 817 3.0% Tot
Slide 16: Asset Quality
Asset Quality Total Provisions Breakdown Loan Loss Charge* (RM ’mil) (bps) Retail 1,145 1,046 331 Non-Retail 9M24 9M25 404 1,136 1,301 Recoveries 25 33 567 and write-offs 391 40 249 324 860 843 32 28 26 (236) (560) 18 (851) (1,098) 2Q25 3Q25 9M24 9M25 3Q24 4Q24 1Q25 2Q25 3Q25 Lower provision QoQ dri
Slide 17: Gross Loans
Gross Loans Others 6% (RM ’bil) 30 Sep-25 QoQ YoY Singapore 10% Consumer Banking 240.6 0.8% 3.7% Thailand Commercial Banking 76.2 (0.1%) 4.2% # 8% 30 Sep-25 Wholesale Banking 128.3 (2.1%) (0.7%) RM448.2 bil Malaysia CIMB Digital Assets and Others 3.1 6.9% 14.8% Indonesia 62% 14% Total 448.2 (0.2%) 2
Slide 18: Deposits
Deposits Others Singapore 1% (RM ’bil) 30 Sep-25 QoQ YoY 13% Consumer Banking 226.5 0.5% 3.1% Thailand 7% Commercial Banking 96.4 2.9% 7.0% 30 Sep-25 Wholesale Banking 191.3 3.1% 16.4% Indonesia RM518.1 bil Malaysia CIMB Digital Assets and Others 3.9 (33.9%) (7.1%) 14% 65% Total 518.1 1.5% 8.3% Tota
Slide 19: Capital and Liquidity Management
Capital and Liquidity Management Capital Adequacy Liquidity Coverage Ratios (%) Sep-25 Jun-25 Sep-24 18.9% 18.8% 18.3% CIMB Bank* 145 146 131 Tier 2 3.1% 3.5% CIMB Islamic* 143 127 146 3.0% 0.6% 0.6% 0.6% CIMB Niaga 201 206 254 Tier 1 CIMB Thai 180 179 135 CET1 3Q25 Special Dividend part of up to RM
Slide 20: Consumer Banking
Consumer Banking (RM ’mil) 3Q25 QoQ 9M25 YoY Operating income 2,357 5.9% 6,854 (2.3%) 3Q24 underlying performance solid with Overhead expenses (1,249) 1.2% (3,765) (3.0%) strong fee income growth; PBT was 4.6% PPOP 1,108 11.8% 3,089 (1.4%) lower QoQ due to higher provisions mainly from the absence o
Slide 21: Commercial Banking
Commercial Banking (RM ’mil) 3Q25 QoQ 9M25 YoY Operating income 1,014 (3.2%) 3,066 (1.1%) Overhead expenses (510) (2.3%) (1,563) 1.6% 3Q25 PBT -11.7% QoQ attributed to a 18.7% decline in NOII from lower gains on PPOP 504 (4.0%) 1,503 (3.8%) NPL sales, coupled with higher provisions in (Provisions) /
Slide 22: Wholesale Banking
Wholesale Banking (RM ’mil) 3Q25 QoQ 9M25 YoY Operating income 1,736 11.4% 4,837 (0.8%) Strong Wholesale PBT, jumped 51.1% QoQ Overhead expenses (578) (2.0%) (1,752) (4.4%) and 15.7% YoY on a combination of good PPOP 1,158 19.6% 3,085 1.4% revenue momentum (on the back of a solid (Provisions) / Writ
Slide 23: CIMB Digital Assets & Group Funding
CIMB Digital Assets & Group Funding (RM ’mil) 3Q25 QoQ 9M25 YoY Operating income 840 8.8% 2,291 15.5% PBT lower 46.6% QoQ and 1.6% YoY from higher bonus accruals and provisions. Overhead expenses (454) >100% (842) 55.1% However, TNGD remains profitable PPOP 386 (31.9%) 1,449 0.6% (Provisions) / Writ
Slide 24: CIMB Islamic
CIMB Islamic (RM ’mil) 3Q25 QoQ 9M25 YoY PBT declined 16.3% QoQ due to the Operating income 1,202 5.2% 3,462 8.0% absence of writebacks; +11.4% YoY from Overhead expenses (359) (6.3%) (1,127) 4.6% revenue growth PPOP 843 10.9% 2,335 9.6% (Provisions) / Writeback (195) >100% (350) 0.3% NFI -0.6% QoQ
Slide 25: 2025 Outlook
2025 Outlook • Maintain FY25 guidance across all metrics FY25 Indicator 9M25 Guidance • Our diversified portfolio and disciplined F30 execution continue to ensure resilient performance despite macro headwinds and ROE 11.3% 11.0-11.5% persistent rate cuts Asset and Loan 5.0% 5-7% • In the short-term,
Slide 26: Thank you
Thank you
Slide 27: Appendices
Appendices
Slide 28: Earnings Summary
Earnings Summary (RM ’mil) 3Q25 2Q25 QoQ 9M25 9M24 YoY 3Q24 YoY Net interest income 3,819 3,833 (0.4%) 11,471 11,581 (0.9%) 3,930 (2.8%) Non-interest income 2,128 1,769 20.3% 5,577 5,392 3.4% 1,812 17.4% Operating income 5,947 5,602 6.2% 17,048 16,973 0.4% 5,742 3.6% Overhead expenses (2,791) (2,551
Slide 29: Key Ratios
Key Ratios (%) 3Q25 2Q25 QoQ 9M25 9M24 YoY 3Q24 YoY ROE ~ 11.8 10.9 ▲ 11.3 11.7 ▼ 12.0 ▼ NIM ~* 2.08 2.15 ▼ 2.13 2.21 ▼ 2.24 ▼ NIM banking book ~* 2.55 2.64 ▼ 2.62 2.74 ▼ 2.74 ▼ Non-interest income / total income 35.8 31.6 ▲ 32.7 31.8 ▲ 31.6 ▲ Cost to income 46.9 45.5 ▲ 46.5 45.9 ▲ 46.5 ▲ Allowance
Slide 30: NOII breakdown
NOII breakdown (RM ’mil) 3Q25 2Q25 QoQ 9M25 9M24 YoY Fee & commission 733 694 5.6% 2,151 2,088 3.0% Brokerage 15 9 66.7% 34 35 (2.9%) Asset management and security services 6 3 100.0% 14 16 (12.5%) Trading & FX 1,159 931 24.5% 3,018 2,927 3.1% Dividend income 27 21 28.6% 60 106 (43.4%) Other income
Slide 31: PBT by Segments
PBT by Segments PBT (RM ’mil) 3Q25 2Q25 QoQ 9M25 9M24 YoY Consumer Banking (28.3%) 685 718 (4.6%) 2,179 2,402 (9.3%) Commercial Banking (17.5%) 436 494 (11.7%) 1,357 1,508 (10.0%) Wholesale Banking (38.2%) 1,476 977 51.1% 3,491 3,016 15.7% Corporate Banking (19.3%) 844 476 77.3% 1,861 1,631 14.1% Tr
Slide 32: PBT by Segment and Country
PBT by Segment and Country Consumer Banking 3Q25 2Q25 QoQ 9M25 9M24 YoY Malaysia (RM ’mil) 512 500 2.4% 1,495 1,604 (6.8%) Indonesia (IDR ’bil) 556 784 (29.1%) 2,159 2,410 (10.4%) Thailand (THB ’mil) (38) (477) 92.0% (296) (535) 44.7% Singapore (SGD ’mil) 8 21 (61.9%) 38 39 (2.6%) Others * (RM ’mil)
Slide 33: Consumer Banking Key Highlights
Consumer Banking Key Highlights Malaysia QoQ YoY Indonesia ^ QoQ YoY Consumer Gross Loans 1.2% 3.8% Consumer Gross Loans 0.4% 4.3% Mortgages 1.0% 3.9% Mortgages 0.5% (1.1%) Wealth (0.7%) (5.5%) Auto 0.3% 18.8% Auto 2.3% 6.1% Credit cards (2.1%) (2.1%) Credit cards 2.0% 8.9% Consumer Deposits 0.4% (0
Slide 34: CIMB Niaga: Earnings Summary
CIMB Niaga: Earnings Summary (IDR 'bil) 3Q25 2Q25 QoQ 9M25 9M24 YoY Net interest income 3,455 3,305 4.5% 10,078 10,008 0.7% Non interest income 1,810 1,450 24.8% 4,682 4,376 7.0% Operating income 5,264 4,755 10.7% 14,761 14,384 2.6% Overhead expenses (2,220) (2,141) 3.7% (6,544) (6,275) 4.3% PPOP 3,
Slide 35: CIMB Niaga: Key Ratios
CIMB Niaga: Key Ratios (Consolidated, %) 3Q25 2Q25 QoQ 9M25 9M24 YoY ROE ^ 13.6 13.1 ▲ 13.5 14.6 ▼ NIM ^ 4.08 3.93 ▲ 4.0 4.2 ▼ Cost to Income 42.2 45.0 ▼ 44.3 43.6 ▲ Loan Loss Coverage # 199.9 233.9 ▼ 199.9 260.1 ▼ Allowance Coverage 113.6 110.7 ▲ 113.6 116.1 ▼ Loan Loss Charge ^ 1.28 0.84 ▲ 0.86 0.
Slide 36: CIMB Thai: Earnings Summary
CIMB Thai: Earnings Summary Before GAAP Adjustments 3Q25 2Q25 QoQ 9M25 9M24 YoY (THB 'mil) Net interest income 2,061 1,895 8.8% 6,155 7,249 (15.1%) Non interest income 1,708 1,302 31.2% 4,395 3,537 24.3% Operating income 3,769 3,197 17.9% 10,549 10,786 (2.2%) Overhead expenses (1,771) (1,824) (2.9%)
Slide 37: CIMB Thai: Key Ratios
CIMB Thai: Key Ratios (Consolidated, %) 3Q25 2Q25 QoQ 9M25 9M24 YoY ROE ^ 6.3 1.4 ▲ 4.8 5.2 ▼ NIM ^ 1.86 1.72 ▲ 1.88 2.27 ▼ Cost to Income 47.0 57.0 ▼ 50.2 61.0 ▼ Loan Loss Coverage ** 158.1 155.9 ▲ 158.1 138.8 ▲ Loan Loss Charge ^ 1.6 1.9 ▼ 1.6 1.0 ▲ Gross NPL ratio ** 2.6 2.6 = 2.6 2.5 ▲ ROA 0.6 0
Slide 38: Sustainability Highlights
Sustainability Highlights Directing capital to growing green infrastructure and agriculture, enhancing resilience and earning global recognition Performance on Indices #1 globally among 88th 400 Financial percentile Institutions ESG Risk Rating: Financial System Benchmark 2025 #2 in inclusive 20.0 f
Slide 39: IB Market Share and Ranking (1)
IB Market Share and Ranking (1) 9M25 9M24 9M25 9M24 Market Market Market Market Rank Rank Rank Rank Share Share Share Share DCM Domestic 25.1% 2 31.6% 1 DCM 5.3% 8 5.0% 8 Sukuk 25.5% 2 33.7% 1 M&A 21.9% 1 - - M&A 7.4% 4 31.3% 3 Syndication ^ 2.8% 9 11.5% 3 Syndication ^ 2.5% 13 2.1% 13 IPO - - 10.3%
Slide 40: IB Market Share and Ranking (2)
IB Market Share and Ranking (2) 9M25 9M24 9M25 9M24 Asia ASEAN Market Market Market Market Rank Rank (ex-Japan) * Rank Rank Share Share Share Share DCM 11.5% 1 12.8% 1 DCM 0.5% 46 0.5% 46 M&A 7.1% 4 6.0% 13 M&A 0.8% 22 1.2% 23 Syndication ^ 2.0% 14 1.7% 15 Syndication ^ 0.8% 35 0.5% 45 IPO 1.6% 20 4