Tune Protect's Net Profit Jumps To RM26.45 Mln In FY2025
KUALA LUMPUR, Feb 27 (Bernama) -- Tune Protect Group Bhd posted a higher net profit of RM26.45 million in FY2025, compared to RM572,000 in the previous financial year.
The company said the improvement was driven by a higher insurance service result of RM30.9 million, higher realised and unrealised investment income of RM3.2 million, a lower share of loss from an associate of RM4.6 million and a reduction of RM1.9 million in net other operating expenses.
However, Tune Protect said its revenue slid to RM357.49 million in FY2025, compared to RM389.19 million in FY2024.
"The decrease was mainly attributable to a reduction of RM39.4 million in the general insurance segment, partially offset by an increase of RM7.9 million in the general reinsurance segment," it said in a Bursa Malaysia filing today.
In the fourth quarter (4Q) of FY2025, the insurance company recorded a lower net profit of RM5.72 million, compared to RM8.01 million in 4Q FY2024, partially due to the deferred tax asset recognition in 4Q FY2024, while revenue slid to RM94.90 million in 4Q FY2025, compared to RM98.95 million in 4Q FY2024.
On the overall performance in FY2025, Tune Protect group chief executive officer How Kim Lian said the profit growth of more than 100 per cent year-on-year (YoY) was underpinned by strong net insurance service result.
"The performance was complemented by higher investment income arising from its strategy to shift unit trust investments from low-risk asset funds into corporate bond funds.
"We also managed to lower total other income and expenses in line with our ongoing cost optimisation initiatives. Furthermore, the share of results from the group’s Thai Associate showed significant improvement," he said in a statement.
On prospects, Tune Protect said it aims to achieve more than 20 per cent topline growth by deepening its presence in preferred segments such as travel and fire.
It said the vision will be supported by strengthening the group’s unique value proposition through ecosystem differentiation, expanding industry-specific expertise, and intensifying partnership integration, particularly in embedded insurance.
Entering the new year, the company added that it is well positioned to build on its momentum, having achieved six consecutive profitable quarters, which places the group in an ideal position for sustainable growth and profitability.
“Growth in the travel segment is expected to remain robust, supported by the Visit Malaysia 2026 campaign, which is set to boost inbound tourism, while a stronger ringgit is anticipated to encourage outbound travel.
“Both trends are expected to drive continued demand for Travel Personal Accident coverage, reinforcing the group’s confidence in sustaining positive performance as it moves into the next phase of its strategic journey,” it said.
-- BERNAMA