Q4 2025 Mega First Corporation Bhd Earnings Call Transcript
Key Points
- Mega First Corp Bhd (XKLS:3069) reported a 2.6% increase in normalized revenue to MYR350 million, driven by strong growth in packaging and resources divisions.
- The company has improved its gearing position, with the net debt to equity ratio declining from 25% to 16%.
- Mega First Corp Bhd (XKLS:3069) declared a final dividend of MYR0.05, bringing the total full-year dividend to MYR0.0975, an 8.6% increase from the previous year.
- The renewable energy division remains resilient, with plans to energize two large-scale solar plants totaling 62.4 megawatts in early Q2 2026.
- The company is focusing on cash preservation and prioritizing investments in renewable energy, with plans to rationalize and potentially exit non-core businesses.
- Normalized profit before tax (PBT) decreased by 13.5% to MYR120 million, primarily due to foreign exchange losses from the strengthening of the ringgit against the US dollar.
- The resources division faced a challenging year with a 21% decline in PBT due to higher operating and transport costs and a weaker export currency.
- The oleochemical joint venture continues to suffer from low plant utilization, currency headwinds, and stiff competition.
- The company anticipates a small dip in hydroenergy generation in 2026 due to the overhaul of two turbines.
- Mega First Corp Bhd (XKLS:3069) faces intense competition in the resources division from regional players and price competition from lime suppliers, including those from China.
A very good afternoon, ladies and gentlemen. Welcome to the 4th quarter 2025 Mega First Corporation Berhad investors briefing. My name is John Huo from VUCA Insights. I will be co-hosting this session with my fellow co-host Rondy Yunanda. Can we say from stop bed, or now? Yeah, it has changed a bit.
Yes, it's changed a bit, and, obviously, our guest of honor, Mr. Yeow See Yuen from Mega First, yes, for those new to the session, I'm pretty sure there are some, and for those who are veterans of the session, bear with me as I go through some housekeeping. Rules, I wouldn't say rules, it's more of a guidance. Usually, because of Mega Firstâs diverse lines of businesses, what we normally do is we have a short presentation by Mr. Yeow, giving a brief overview of all the various businesses and the performances within those divisions, and thereafter we will have a question and answer session, where we will try to group as many questions within the business divisions.
So, if you have a question, please type that in, and, if you could, help me and Rondy collate these
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