CYBERJAYA: DXN Holdings Bhd. (“DXN”) has reported its highest-ever net profit of RM329.0 million for the financial year ended 28 February 2025 (FY25), a 5.8% year-on-year (YoY) increase, fuelled by strong performance across its key international markets.
Revenue rose 5.8% YoY to a record RM1.9 billion, surpassing the RM1.8 billion achieved in FY24. The growth was primarily driven by robust sales in Latin America and the Middle East, supported by sustained marketing activities that helped maintain high engagement among DXN’s member base.
“We are pleased to have delivered another set of record-breaking results, reaffirming the resilience of our business model,” said Executive Chairman and Founder Datuk Lim Siow Jin. “Our recent expansion into Brazil and Argentina has gained positive traction, enhancing our foothold in Latin America and complementing our strong presence in neighbouring countries such as Peru and Bolivia.”
Earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 8.6% YoY to RM583.2 million, while profit before tax rose 9.1% to RM522.7 million. Adjusting for a foreign exchange loss of RM25.9 million, net profit would have reached RM354.9 million — reflecting a 14.1% growth.
Higher Dividends and Solid Balance Sheet
Riding on its strong financial performance, DXN declared a fourth interim dividend of 1.0 sen per share, payable on 30 May 2025. This brings the total dividend for FY25 to 3.7 sen per share, up from 3.6 sen in FY24, translating to a payout of 55.9% of net profit and a dividend yield of approximately 7%.
As of 28 February 2025, DXN held cash and cash equivalents of RM672.2 million, more than four times its total loans and borrowings of RM154.9 million. Net operating cash inflow for the year stood at RM445.0 million, reinforcing its financial resilience and low gearing position.
Looking Ahead
DXN plans to sustain its growth trajectory through continued product innovation and R&D, alongside improvements in production efficiency. “We remain focused on meeting evolving consumer needs and reinforcing our position as a global leader in the health and wellness sector,” said Lim.
Despite a marginal 2.5% decline in 4QFY25 revenue to RM458.9 million due to currency fluctuations, the company reported an 11.5% YoY increase in EBITDA to RM147.8 million and a 7.2% rise in net profit to RM84.7 million, supported by operational efficiencies and the reversal of accrued marketing expenses.
