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29 May 2025
MSM International Returns to Profitability in FY2025 Despite Revenue Decline
Summary:
- MSM International Limited reported a net profit of RM11,120,000 for the full financial year ended March 31, 2025 (FY2025), a significant turnaround from a net profit of RM401,000 in FY2024.
- Revenue for FY2025 decreased by 9.0% to RM82,277,000, down from RM90,418,000 in FY2024.
- Despite the revenue decline, gross profit increased by 6.6% to RM21,599,000 in FY2025.
- The company's financial performance was significantly boosted by "Other gains and losses, net," which recorded RM14,009,000 in FY2025 compared to RM16,000 in FY2024.
- Earnings per share for FY2025 improved to 10.54 Malaysian sen from 0.36 Malaysian sen in FY2024.
- As of March 31, 2025, total assets increased to RM117,340,000 from RM107,751,000 in FY2024.
- Net assets for FY2025 increased to RM44,223,000 from RM33,110,000 in FY2024.
- Cash and bank balances significantly increased to RM16,563,000 in FY2025 from RM7,416,000 in FY2024.
- The company's principal activities include contract manufacturing of metal products and kitchen equipment, sale and servicing of kitchen equipment, and design/consultancy works.
- No dividend was declared for FY2025, as the company aims to preserve capital for business growth.
- MSM International is proposing a share consolidation exercise to consolidate every four existing ordinary shares into one ordinary share.
- The Group will continue to explore opportunities to expand its business through new product development, strategic investments, acquisitions, and joint ventures.