Latest news with #LeeCheunWei
The Sun
18-07-2025
- Business
- The Sun
Ancom Nylex posts RM63.5 million net profit for FY25 – a ‘demanding' year
PETALING JAYA: Southeast Asia's leading fully integrated chemical group Ancom Nylex Bhd registered revenue of RM1.87 billion for the financial year ended May 31, 2025 (FY25) compared to RM2 billion a year ago. The drop was attributed mainly to softer contributions from the industrial chemicals segment, due to lower selling prices and volumes. Meanwhile, FY25 net profit came in at RM63.5 million, down from RM81.5 million last year, primarily attributed to elevated freight costs and unfavourable foreign exchange fluctuations. For the fourth quarter of FY25 (Q4'25), the group posted revenue of RM459.4 million, compared to RM487.2 million in the same quarter last year. This was predominantly due to the lower contribution from the industrial chemicals business. On a positive note, the agrichem segment delivered revenue growth of 16.1% to RM135.4 million in Q4'25, up from RM116.6 million in Q4'24, driven by higher sales. At the bottom line, Q4'Y25 net profit stood at RM17.1 million compared to RM18.4 million last year. This was primarily due to elevated production costs in the agrichem business as well as a higher effective tax rate. 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 the group's overall performance. He said escalating tariffs and volatile trade conditions could further impact both global and domestic economic projections, making it increasingly challenging to predict trends in raw material costs and market prices. Despite these headwinds, Malaysia's economic growth is anticipated to remain positive over the next 12 months, with potential for further advancement should global conditions stabilise, Lee noted. '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 increasing steadily, and deliveries to our customers are already under way. 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,' he said in a statement. Turning to Ancom's MSMA-based products, Lee said the group continues to capitalise on its position as one of only two producers globally, seizing opportunities arising from the market demand gaps. 'The overall demand for our agrichem segment remains stable. Looking ahead, we anticipate the upcoming financial year (FY26) to be a better year for us, given the promising opportunities ahead while remaining vigilant of the headwinds.' For FY25, the group has paid a first interim dividend by distributing treasury shares on a 4:100 basis, as well as a second interim dividend by distributing treasury shares on a 1:100 basis. Ancom Nylex's financial position continued to improve, with net gearing improving to 0.29 times as of the end of May 2025, compared to 0.38 times at the close of the previous financial year (end of May 2024). Total borrowings declined to RM323.1 million at the close of the financial year under review compared to RM347.6 million as at 31 May 2024. Notably, more than 85% of the total borrowings are for short-term working capital needs.
Barnama
17-07-2025
- Business
- Barnama
Ancom Nylex's Net Profit For FY2025 Slips To RM63.49 Mln
BUSINESS KUALA LUMPUR, July 17 (Bernama) -- Ancom Nylex Bhd's net profit for the financial year ended May 31, 2025 (FY2025) slipped to RM63.49 million compared to RM81.47 million recorded in FY2024. Revenue fell to RM1.87 billion from RM1.99 billion previously, the group said in a filing with Bursa Malaysia today. Ancom said the lower revenue was largely due to softer contributions from the industrial chemicals segment caused by lower selling prices and volumes, while weaker net profit was chiefly attributed to elevated freight costs and unfavourable foreign exchange (forex) fluctuations. Its managing director and group chief executive officer, Datuk Lee Cheun Wei, said FY2025 has been a demanding year, marked by key geopolitical events that led to elevated freight costs and unfavourable forex fluctuations, which in turn impacted the overall performance. 'Escalating tariffs and volatile trade conditions could further affect both global and domestic economic projections, making it increasingly challenging to anticipate trends in raw material costs and market prices. 'Despite these headwinds, Malaysia's economic growth is anticipated to remain positive over the next 12 months, with potential for further advancement should global conditions stabilise,' he said. For the fourth quarter ended May 31, 2025 (4Q 2025), the group registered a lower net profit of RM17.071 million from RM18.44 million registered in 4Q2024, while revenue fell to RM459.4 million from RM487.2 million previously. For FY2025, the group has paid a first interim dividend by way of distribution of treasury shares on the basis of four treasury shares for every 100 shares, as well as a second interim dividend by way of distribution of treasury shares on the basis of one treasury share for every 100 shares. -- BERNAMA
The Star
17-07-2025
- Business
- The Star
Ancom Nylex reports lower 4Q profit
Ancom Nylex Bhd managing director and group CEO Datuk Lee Cheun Wei 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.'
New Straits Times
17-07-2025
- Business
- New Straits Times
Ancom Nylex's FY2025 earnings drop to RM63.49mil on higher freight costs, forex fluctuations
KUALA LUMPUR: Ancom Nylex Bhd's net profit fell 22.1 per cent to RM63.49 million for the financial year 2025 (FY25) from RM81.47 million a year ago, dragged by elevated freight costs and forex fluctuations. Its revenue declined to RM1.87 billion from RM2 billion previously, largely due to softer contributions from the industrial chemicals segment, driven by lower selling prices and volumes. The company registered lower earnings per share of 6.09 sen from 8.58 sen in FY24, its filing to Bursa Malaysia showed. For FY25, Ancom Nylex paid dividends through treasury shares. The first interim dividend was four treasury shares for every 100 shares held, while the second interim dividend was one treasury share for every 100 shares held. For the fourth quarter ended May 31, 2025 (4Q25), Ancom Nylex's net profit fell to RM17.07 million from RM18.44 million a year ago, while revenue fell to RM459.37 million from RM487.24 million. Managing director and group chief executive officer Datuk Lee Cheun Wei said FY25 had been a demanding year. It was marked by key geopolitical events that led to elevated freight costs and unfavourable foreign exchange fluctuations, which in turn impacted the company's overall performance. He added that escalating tariffs and volatile trade conditions could further affect both global and domestic economic projections, making it increasingly challenging to anticipate trends in raw material costs and market prices. Despite these headwinds, he said Malaysia's economic growth was expected to remain positive over the next 12 months, with potential for further advancement should 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," he said in a separate statement. Lee said turning to its monosodium methanearsonate-based products, the company continues to capitalise on its position as one of only two producers globally, seizing opportunities arising from the market demand gaps. He added that the overall demand for the company's agrichem segment remains stable. He said the company expects FY26 to be a better year given the promising opportunities ahead.
