Results Announcement Date: 26 August 2025 (Closing Share Price: RM4.42)
Public Bank’s results were dragged by higher costs and provisions. FY2025H1 ROE was 12.6% compared to 13.2% in 2024) and was slightly below management’s target of 13% for 2025.

• Profit Before Tax (PBT) of RM2.33 billion was up 2.3% from pcp.
• Net Profit of RM1.76 billion was down 1.2% from pcp.
• For the 6 months ending 30/6/25 PBT and Net Profit were up 5.3% and 2.1% respectively.
• Wrote back MYR158m in overlays during the quarter (1H25: MYR216m writeback), remaining management overlays stand at around RM1 billion.
• Target ROE of 13% for FY25 maintained, so far it is running at around 12.5%
• Slight uptick in Cost-to-Income Ratio to 35.3% (there is a one-off legal cost of RM30m).
• Net Loans grew 6.0% while Customer Deposits grew 3.8% over the 12 months period.
• PBB declared a 10.5 sen dividend which was 0.5 sen higher than pcp.