Ancom Nylex Bhd reported a decline in net profit for the financial year ended 31 May 2025 (FY2025), registering RM63.49 million compared to RM81.47 million in the previous year.
Revenue also eased to RM1.87 billion from RM1.99 billion in FY2024, the group disclosed in a filing with Bursa Malaysia today.
The company attributed the lower revenue to softer contributions from its industrial chemicals segment, which faced reduced selling prices and volumes. The drop in net profit was primarily due to elevated freight costs and unfavourable foreign exchange fluctuations.
Managing Director and Group Chief Executive Officer Datuk Lee Cheun Wei described FY2025 as a challenging year marked by geopolitical tensions that pushed up freight costs and created volatility in currency markets, weighing on overall performance.
“Escalating tariffs and volatile trade conditions could further impact both global and domestic economic projections, making it increasingly difficult to anticipate trends in raw material costs and market prices,” he noted.
Nevertheless, Lee expressed optimism that Malaysia’s economic growth is expected to remain positive over the next 12 months, with scope for further improvement if global conditions stabilise.
For the fourth quarter ended 31 May 2025 (4Q2025), Ancom Nylex recorded a lower net profit of RM17.07 million compared to RM18.44 million a year earlier, while revenue slipped to RM459.4 million from RM487.2 million.
During FY2025, the group declared a first interim dividend through the distribution of treasury shares on the basis of four shares for every 100 shares held. A second interim dividend was also distributed at one treasury share for every 100 shares.
-Bernama
