Malayan Banking Berhad, or Maybank, received an unqualified audit opinion on its accounts for the year ended 31 December 2025. Auditors said the financial statements gave a true and fair view of the group's and the bank's financial position, performance and cash flows under MFRS, IFRS and Malaysia's Companies Act 2016. The opinion covered the statements of financial position, income, comprehensive income, changes in equity, cash flows and notes to the financial statements.
The more revealing section is the one on key audit matters. The report says these are the matters auditors judged most significant in the audit, and adds that the auditors do not provide a separate opinion on those matters. In the excerpted risk area, the filing names impairment of goodwill, investment in subsidiaries and interests in associates. The balances cited are RM4.8 billion of goodwill, RM37.1 billion of investment in subsidiaries at the bank level, and RM1.8 billion of interests in associates.
| Item | Amount | Filing note |
|---|---|---|
| Goodwill | RM4.8 billion | Impairment testing relies on value-in-use estimates based on future cash flows; annual impairment test required. |
| Investment in subsidiaries (Bank only) | RM37.1 billion | Cited in the key audit matter risk area on subsidiaries and associates. |
| Interests in associates | RM1.8 billion | Cited in the same key audit matter risk area. |
For goodwill, the filing gives the clearest explanation of why the area mattered in the audit. It says impairment testing of cash-generating units relies on value-in-use estimates based on future cash flows, and that the group is required to test goodwill annually for impairment. That is still different from an adverse audit opinion. What it provides is a direct signpost to where estimation work sat inside the year-end audit.
For business readers tracking banks across markets, that distinction matters. This Japan-available disclosure does not point to a qualified opinion in the excerpt reviewed here. Instead, it shows which balances the auditors themselves said were most significant in the audit at end-2025. Clean verdict, yes. An audit without clearly identified judgment areas, no.