Media Chinese posts FY-2026 net loss of USD 16.97 million as North American exit deepens red ink

Bulletin Express
05/28

Media Chinese International Limited (Media Chinese) released audited results for the year ended 31 March 2026, showing a wider group net loss of USD 16.97 million, versus a USD 8.53 million loss a year earlier.

Turnover from continuing operations was broadly unchanged at USD 151.91 million (+0.1%), with higher travel revenue offset by ongoing declines in publishing and printing.

Key financials (continuing operations) • Revenue: USD 151.91 million (FY-2025: USD 151.79 million) • Gross profit: USD 33.30 million, down 13.7% • Operating loss: USD 9.70 million (FY-2025: USD 3.51 million loss) • Loss before tax: USD 11.14 million (FY-2025: USD 5.28 million loss) • Net loss attributable to owners: USD 10.76 million (FY-2025: USD 5.45 million loss) • Basic loss per share: 0.67 US cent from continuing ops; total 0.99 US cent (FY-2025: 0.46 US cent)

Segment performance (continuing operations) 1. Publishing & Printing – Malaysia: Revenue fell 6.9% to USD 59.38 million; swung to a USD 1.65 million loss before tax (FY-2025 profit USD 2.04 million), reflecting lower print advertising and limited cost flexibility. 2. Publishing & Printing – Hong Kong & Taiwan: Revenue dropped 12.0% to USD 29.23 million; loss before tax widened to USD 10.13 million (FY-2025 loss USD 8.64 million) amid weak domestic advertising demand. 3. Travel & Related Services: Revenue rose 15.5% to USD 63.29 million; profit before tax slipped to USD 1.21 million (FY-2025: USD 1.97 million) due to higher airfares, accommodation and insurance costs.

Discontinued operation The North American publishing unit, closed on 1 February 2026, generated a USD 5.28 million loss (FY-2025: USD 2.19 million loss) after one-off staff termination costs of about USD 3.11 million. Revenue fell 31.2% to USD 3.95 million.

Balance sheet and liquidity • Cash and short-term deposits: USD 95.36 million • Bank borrowings: USD 33.17 million • Net cash position: USD 62.19 million • Owners’ equity: USD 119.96 million • Net gearing: nil

Capital expenditure contracted orders totalled USD 0.42 million for property, plant and equipment and USD 0.01 million for intangible assets.

Dividend and share buy-backs No dividend was proposed for FY-2026. During the year, 8.15 million shares were repurchased for approximately USD 0.20 million and retained as treasury shares.

Management outlook The board highlighted persistent geopolitical tensions, inflationary pressures and ongoing structural shifts to digital media as key challenges. While premium travel demand and anniversary-linked events (e.g., China Press 80th anniversary) offer pockets of growth, the group will prioritise cost control, digital monetisation and selective investments to bolster long-term sustainability.

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