27-05-2025
- Business
- Malaysian Reserve
MNRB's 4Q net profit falls 61% on lower revenue and fair value losses
MNRB Holdings Bhd reported a 60.7% year-on-year drop in net profit for the fourth quarter ended March 31, 2025 (4Q25), falling to RM93.4 million from a record RM237.82 million in the previous year, weighed down by lower insurance revenue, fair value losses of RM29.96 million, and a weaker contribution from associates.
Quarterly revenue declined 11.2% to RM921.92 million.
For the full financial year (FY25), net profit slipped 9.1% to RM394.2 million, although revenue rose 3.5% to RM3.63 billion.
Despite anticipating continued challenges in the global reinsurance market and ongoing natural disaster losses in FY2026, the group remains upbeat on growth prospects, supported by its focus on profitable and diversified business segments.
MNRB shares closed unchanged at RM2.08 today, giving it a market capitalisation of RM1.61 billion. — TMR
