DXN posts record RM329mil net profit for FY25
DXN Holdings Bhd executive chairman and founder Datuk Lim Siow Jin
KUALA LUMPUR: DXN Holdings Bhd chalked up a record net profit of RM329mil for the financial year ended Feb 28, 2025 (FY25), up 5.8% from RM310.9mil in the year ago.
The nutraceutical products manufacturer's FY25, revenue climbed 5.8% year-on-year to a new record of RM1.9bil, exceeding the RM1.8bil achieved in FY24.
DXN said this achievement was primarily driven by robust sales in key markets such as Peru, Bolivia, the Middle East, and Turkey, supported by sustained and effective marketing efforts that actively kept members engaged throughout the year.
'We are pleased to have delivered another set of record-breaking financial results this year, reaffirming the resilience of our business model and the effectiveness of our long-term growth strategies.
This strong performance reflects not only the continued momentum across our key markets but also the encouraging progress from our expansion into new frontiers such as Brazil and Argentina,' executive chairman and founder Datuk Lim Siow Jin said in a statement.
He noted that the recent entry into Brazil and Argentina has gained encouraging traction, as sales and member recruitment are growing steadily.
Lim said these markets represented significant opportunities within the broader Latin American region. He added that the company was well-positioned to capture this potential by leveraging its robust member network and strong brand presence in neighbouring countries such as Mexico, Peru, Bolivia, and Colombia.
'Looking ahead, DXN remains focused on sustaining its growth trajectory through ongoing product innovation, driven by robust research and development, alongside continued enhancements in production efficiency. These strategic efforts are key to meeting evolving consumer needs and reinforcing our role as a leading player in the global health and wellness sector over the long term,' Lim said.
In the fourth quarter ended Feb 28, DXN reported a 7.2% increase in net profit to RM84.7mil, although revenue declined by 2.5% to RM458.9mil.
The board of directors has declared a fourth interim dividend of 1.0 sen per ordinary share for FY25, amounting to RM49.7mil. The dividend will be paid on May 30.
Pantech said the FY25 dividend represents 55.9% of net profit, reflecting its commitment to its dividend policy of paying at least 50% of net profit to shareholders.
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