DXN Holdings Bhd. (“DXN” or the “Company”), a leading global manufacturer of nutraceutical products, has announced its fourth quarter (“4QFY26”) and full-year financial results for the year ended 28 February 2026 (“FY26”) for the Company and its subsidiaries (“DXN Group” or the “Group”).
Despite a more challenging operating environment characterised by foreign exchange volatility, DXN delivered a resilient set of results in FY26. Revenue stood at RM1.9 billion, broadly in line with the previous year, reflecting the continued strength of its global member network and underlying demand across key markets.
The Group’s performance was affected by currency translation arising from the strengthening of the Malaysian Ringgit against several operating currencies. However, excluding these effects, DXN achieved a healthy underlying normalised revenue growth of 12.1% year-on-year (“YoY”).
From a profitability standpoint, earnings before interest, tax, depreciation and amortisation (“EBITDA”) stood at RM521.5 million, compared to RM583.2 million in the previous financial year (“FY25”). Profit after taxation and non-controlling interests (“net profit”) came in at RM271.5 million, compared to RM328.1 million in FY25, reflecting the overall moderation in profitability.
The moderation in profitability was mainly attributable to foreign exchange losses, higher marketing expenditures to support business expansion, as well as pre-operating expenses associated with the Group’s ongoing investments in upstream and midstream segments. Additionally, the previous financial year included a one-off indirect tax refund, which resulted in a higher profitability base for comparison.
Executive Chairman and Founder of DXN, Datuk Lim Siow Jin shared:
“Looking ahead, the global operating environment remains shaped by ongoing geopolitical tensions. While these conditions introduce demand uncertainty and elevated energy costs, our diversified geographic footprint and vertically integrated business model provide us with the resilience and flexibility to navigate these challenges effectively.
We are committed to enhancing our operational self-sufficiency. Development of our coffee plantations in Brazil, Bolivia, and Malaysia is progressing as planned, alongside the expansion of our manufacturing facilities across Latin America, the Middle East, and Asia.
Notably, on 8 April 2026, we entered into a 60-year lease agreement with Perbadanan Kemajuan Negeri Kedah for a 1.2 million square foot industrial site in Bukit Kayu Hitam, Kedah. This new facility will complement our existing operations in the state, creating an integrated manufacturing base in northern Peninsular Malaysia and significantly increasing our production capacity while maintaining centralised control over quality and efficiency.
Supported by steady membership growth across Latin America, Europe, and Africa, particularly encouraging traction in Argentina and Brazil, and underpinned by our commitment to embedding responsible ESG practices across our value chain, the Group is well-positioned to deliver sustainable, long-term growth despite prevailing macroeconomic headwinds.”
On a quarterly basis, DXN delivered revenue of RM474.9 million in 4QFY26, up 3.5% YoY from RM458.9 million in the corresponding quarter last year (“4QFY25”). Performance was driven by strong organic growth in Latin America and India, with underlying growth of 6.3% YoY after excluding the impact of the strengthening Malaysian Ringgit.
EBITDA came in at RM114.4 million, while net profit stood at RM62.6 million, compared to RM147.8 million and RM83.7 million respectively in 4QFY25, mainly due to foreign exchange losses and higher promotional and marketing activities undertaken during the quarter.
In line with its dividend policy, the Board of Directors has declared a fourth interim dividend of 0.70 sen per ordinary share for FY26, amounting to RM34.8 million, payable on 29 May 2026.
This brings total dividends for FY26 to 3.2 sen per share, or RM159.1 million, representing a payout ratio of 58.6%, consistent with the Group’s policy of distributing at least 50% of net profit to shareholders.
DXN closed FY26 with a strong financial position, supported by a healthy net cash position and low gearing. As at 28 February 2026, the Group held cash and cash equivalents of RM617.4 million, more than three times its total loans and borrowings of RM177.5 million, alongside net operating cash inflows of RM334.3 million for the year.
This positions DXN well to pursue growth opportunities while continuing to deliver value to shareholders.
