Malaysia Oversight

Quek Leng Chan’s Hong Leong Financial Group hits record profit

By FMT in August 27, 2025 – Reading time 3 minute
Quek Leng Chan’s Hong Leong Financial Group hits record profit


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Hong Leong Financial Group was founded by Quek Leng Chan, Malaysia’s second richest individual with a net worth of US$10.3 billion. (Wikipedia pic)
PETALING JAYA:

Tycoon Quek Leng Chan’s Hong Leong Financial Group Bhd (HLFG) achieved a new milestone when it posted all-time high earnings for the financial year ended June 30, 2025 (FY2025).

The financial conglomerate’s FY2025 net profit rose 1.8% to RM3.25 billion from RM3.19 billion the previous year, driven by its commercial banking and insurance businesses.

Full-year revenue increased 8.5% to RM7.21 billion from RM6.65 billion the previous year, according to its bourse filing today.

For the fourth quarter, net profit was up 5.9% to RM853.45 million from RM806.08 million a year ago.

Net interest income for FY2025 grew 3.4% to RM4.06 billion while non-interest income rose nearly 15% to RM2 billion.

Net interest income for Q4 increased 5.8% year-on-year on sustained loan and financing growth and stable funding costs. Non-interest income surged 34.1%, driven by wealth management, treasury and foreign exchange gains.

The stock hit an intraday high of RM17, a 20 sen or 1.2% increase, before closing at RM16.92, valuing the group at RM19.42 billion. It has fallen 6.7% year to date.

HLFG gets the bulk of its earnings from its commercial banking arm Hong Leong Bank Bhd. Its other revenue contributors are investment banking, stockbroking, and asset management under Hong Leong Capital Bhd, and insurance under unlisted HLA Holdings Sdn Bhd.

Hong Leong Bank and Hong Leong Capital also released their financial results today. Hong Leong Bank’s FY2025 net profit rose 1.84% to RM4.27 billion from RM4.20 billion a year ago.

For Q4, net profit was up 5.28% to RM1.09 billion from RM1.03 billion a year ago, driven by higher net interest income, stronger Islamic banking contributions and improved fee-based income.

At HLA Holdings, profit before tax rose over 10% to RM667 million in FY2025, lifted by stronger life and family takaful service results and higher overseas contributions.

Its general insurance subsidiaries in Singapore and Hong Kong nearly doubled their profit before tax from a year earlier.

Shareholders handsomely rewarded

HLGF shareholders were rewarded with a hefty increase in dividend. The group declared a final dividend of 52 sen per share, lifting the total dividend to 72 sen, a 33.3% jump from 54 sen in FY2024.

President and CEO Tan Kong Khoon said the 33.3% uplift in dividend – its sixth consecutive annual dividend increase – is “a testament to HLFG’s sustained financial performance and commitment in rewarding shareholders”.

“Looking ahead, HLFG is committed to unlocking further synergies across the group’s integrated financial ecosystem, enabling us to not only acquire new customers but also enhance customer value through targeted cross-selling and up-selling,” he said in a statement.

The company was founded by the 84-year-old Quek, who is also its chairman. He is also the executive chairman of privately held Hong Leong Co (Malaysia), which has interests in finance, food and property.

According to Forbes, Quek is Malaysia’s second richest individual with a net worth of US$10.3 billion (RM43.62 billion).

He inherited part of his fortune from his father, one of three brothers who started a banking group in the 1920s that now spans the region.

His cousin, Kwek Leng Beng, is also a billionaire and serves as chairman of Hong Leong Group in Singapore.



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