Results Announcement Date: 17 November 2025 (Closing Share Price: RM4.30)

Public Bank’s Net Profit was down 3.6% from pcp on a slightly lower Net Interest Income, Associates income and higher provisioning. These were partially offset by higher contribution from Insurance Services and Other Operating Income.

• Cost-Income Ratio of 34.9%, while commendable compared to March & June 2025 quarter of 35.7% and 36.4% respectively, shows a more concerning trend emerging when compared to FY 2023 (33.8%) and 2024 (34.8%).
• Since 31/12/25, Net Loans were up by 4.1% while Customer Deposits grew 3.0%.
• Year-to-date (9 months to 30/9/25), Net Profit was flat compared to pcp.
• Loan growth target of 5-6% maintained.
• NIM compression of 5bps to 10bps expected.
• ROE guidance tweaked down slightly to 12.5-13% on concerns over NIM and continued competitive pressure on asset yields and funding costs.

According to RHB Research:

• PBB wrote back another RM68m of management overlays, bringing the YTD total to around RM300m and leaving a remainder of around RM1 billion. Previously it wrote back RM158m in overlays during Q2.
• Upcoming changes to credit risk capital framework will see PBB sitting on a significant amount of excess capital that can be returned to shareholders and help lift long-term ROEs.