EPF recorded a 22% increase in investment income for the second quarter ended 30 June 2025 (2QFY2025), reaching RM20.61 billion compared with RM16.91 billion in the same quarter last year.

For the first half of 2025, total investment income stood at RM38.92 billion, up 3% from RM37.90 billion a year earlier.

Chief Executive Officer Ahmad Zulqarnain Onn said the fund’s focus on high-quality assets, particularly in key domestic sectors, along with disciplined asset allocation and ESG-integrated strategies, had enabled it to capture opportunities while managing risks in a volatile global environment.

Equities Remain the Largest Contributor

In 2QFY2025, equities generated RM13.77 billion, or 67% of total investment income, marking a 35% increase from RM10.23 billion in 2QFY2024.

Fixed income instruments, which include Malaysian Government Securities and equivalents as well as loans and bonds, contributed RM6.73 billion, or 33% of the total. Real estate and infrastructure generated RM290 million (1.4%), while money market instruments recorded a RM180 million loss due to the ringgit’s appreciation against the US dollar during the quarter.

From the total investment income, RM17.39 billion was allocated to conventional savings and RM3.22 billion to shariah savings.

Total Investment Assets Reach RM1.31 Trillion

As at 30 June 2025, EPF’s total investment assets stood at RM1.31 trillion, representing an 8% year-on-year increase. International investments accounted for 39% of the total, supported by improved valuations in global equity markets.

Ahmad Zulqarnain noted that EPF remains cautious of potential risks, including weaker global trade, unpredictable trade policies, renewed inflationary pressures, and geopolitical shifts. He said the fund’s strategy will emphasise active vigilance and prudent management to maintain long-term resilience and protect members’ retirement savings.

Mandatory EPF Contributions for Foreign Workers From November 2025

EPF will intensify engagement with employers and stakeholders to prepare for the implementation of mandatory contributions for non-Malaysian citizen employees.

This expanded coverage will apply to wages earned in October 2025, for the contribution month of November 2025.

Account Restructuring to Support Retirement Income

EPF also reaffirmed that its proposed retirement savings account restructuring, announced under the 13th Malaysia Plan (RMK13), aims to provide members with a steady income stream in retirement so their savings last longer.

The plan will not affect current withdrawal rights and will be offered on a voluntary, opt-in basis for existing members.

Membership and Contributions See Strong Growth

During the first half of 2025, EPF registered 286,194 new members, bringing total membership to 16.4 million. Of these, 8.98 million were active members, representing 51.5% of Malaysia’s labour force of 17.43 million as at June 2025. The active-to-inactive member ratio remained stable at 55:45.

Employer participation also grew, with 37,402 new employer registrations bringing the total number of active employers to 619,662.

Voluntary contributions rose sharply, increasing 55% to RM11.68 billion in the first half of 2025 from RM7.55 billion in the same period last year. The number of formal sector members contributing above the statutory rate climbed to 34,442 from 19,591 a year ago.

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• TAGS:
• Ahmad Zulqarnain Onn
• Employees Dividend Fund
• EPF
• EPF Contributions
• Investment Assets
• Investment Income