Ancom Nylex reports lower 4Q profit
PETALING JAYA: Ancom Nylex Bhd reported a lower net profit of RM17.07mil for the fourth quarter ended May 31, 2025 (4QFY25), compared with RM18.44mil a year earlier, as revenue declined across most of its business segments.
Quarterly revenue fell to RM459.37mil from RM487.24mil in the same period last year.
For the full financial year, the group posted a net profit of RM63.49mil on the back of RM1.87bil in revenue, down from RM81.47mil and RM1.99bil respectively in the previous year.
In a filing with Bursa Malaysia, Ancom Nylex said the industrial chemicals, logistics and polymer divisions recorded lower revenue during the quarter. Meanwhile, its investment holding and other, and agricultural chemicals division posted a jump in revenue.
Despite the challenging environment, the group said it remains focused on strengthening its operations.
'Management believes that the introduction of new tank facilities will allow the group to offer greater volume and competitive pricing to our customers, while enhancing overall business activities,' it said.
Managing director and group CEO Datuk Lee Cheun Wei said FY25 has been a demanding year, marked by key geopolitical events that led to elevated freight costs and unfavourable foreign exchange fluctuations, which in turn impacted our overall performance.
He noted that escalating tariffs and trade volatility cloud economic outlooks, but Malaysia's growth is expected to stay positive over the next year, with upside potential if global conditions stabilise.
'On a much brighter note, we are pleased to share that the commercial production of our new active ingredient (AI) has commenced. Production yield has been picking up healthily, and deliveries to our customers are already underway. This marks an important milestone, further strengthening our position in the value chain and cementing our role as the sole large-scale producer of AI for herbicides in Southeast Asia.'
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