Kenanga Group Posts RM209.6 million Revenue in 1Q 2025

Kuala Lumpur, 30 May 2025 – Kenanga Investment Bank Berhad (“Kenanga Group” or “The Group”), Malaysia’s leading independent investment bank, today announced its financial results for the first quarter ended 31 March 2025 (“1Q25”).

The Group recorded revenue of RM209.6 million, an increase from RM204.2 million in the same period last year, driven by higher interest income generated during the period. Profit before tax (“PBT”) stood at RM15.4 million, while net profit totaled RM9.8 million.

The Group’s Investment Banking division achieved revenue of RM66.4 million, marking a 17.8% increase from RM56.3 million in 1Q24. Overturning the RM2.1 million loss recorded last year, the division’s PBT increased to RM4.2 million. The rebound resulted from improved trading and investment income, supported by stronger interest income during the quarter.

The Stockbroking division recorded RM73.4 million in revenue, and RM4.6 million in loss before tax, compared to RM84.8 million and RM1.2 million respectively in the same quarter last year. While the segment remained impacted by subdued trading activity on the local bourse and higher credit losses, interest income provided some cushion. Notably, the division continued to maintain its market share amidst a challenging operating landscape.

Kenanga Group’s Asset and Wealth Management arm posted a 15.9% rise in revenue, increasing from RM54.0 million to RM62.6 million, following higher management and performance fees income. Reflecting its continued investment in expansion and growth, the division recorded a lower PBT of RM5.8 million compared to RM7.6 million last year.

The Group’s Listed Derivatives business registered a 24.2% gain in revenue to RM7.9 million, while PBT rose to RM2.6 million from RM1.6 million last year, reflecting a 62.4% growth. The performance stemmed from higher trading commissions and interest income generated during the quarter, in line with greater trading activities in the derivatives market.

“Malaysia enters 2025 navigating a more complex global landscape, shaped by evolving geopolitical dynamics, shifting trade policies, and volatile international markets. Recent developments such as the easing of the US-China trade tensions and stronger investor sentiment may offer a more constructive operating environment,” said Datuk Chay Wai Leong, Group Managing Director.

“With a strong focus on digital innovation, we are scaling our core businesses and enhancing customer engagement through technology-driven solutions that simplify and elevate the financial services experience. Kenanga Group is well-positioned to capture emerging opportunities and create lasting value for stakeholders,” concluded Datuk Chay.

Kenanga Group recently held its 51st Annual General Meeting (“AGM”) on 29 May 2025. All resolutions tablets at the AGM were duly passed. For more insights into the Group’s performance and strategic direction, our latest Integrated Annual, Sustainability and Corporate Governance Reports are available for download here.

To download the pdf, click here.