Malaysia Smelting Corporation lifts Q3 profit 26% as revenue climbs on stronger tin sales

SGX Filings
2025/11/25

Malaysia Smelting Corporation Berhad reported that revenue for the three months ended Sep, 30 2025 rose 13 per cent year on year to about S$153.6 million, driven by higher sales volumes of refined tin and tin-bearing intermediates alongside a firmer average tin price of roughly S$41,300 per tonne.

Quarterly profit after tax increased 26 per cent to approximately S$7.5 million, while profit before tax grew 28 per cent to roughly S$10.2 million. Profit attributable to shareholders reached about S$5.9 million, up 43 per cent from the same period a year earlier.

Segmentally, the tin mining division posted a pre-tax profit of around S$9.5 million, compared with S$8.8 million a year ago, supported by higher ore output and stronger tin prices. The tin smelting unit narrowed its pre-tax loss to roughly S$0.4 million from a loss of S$4.0 million in the prior-year quarter, helped by increased sales of higher-margin tin intermediates.

For the first nine months of 2025, group revenue edged up 3 per cent to about S$370.7 million, while profit after tax dipped 12 per cent to approximately S$15.5 million. The company attributed the year-to-date performance to lower ore intake earlier in the year and temporary production disruptions at its Pulau Indah smelter in the second quarter.

During the quarter, Malaysia Smelting completed a one-for-one bonus issue, doubling its share base to 840 million shares on Jul, 15 2025. It also paid an interim single-tier dividend of 4.0 sen per share (about S$0.015) on Sep, 9 2025, bringing total dividends for the year to that date to 4.0 sen per share.

Looking ahead, the group expects continued tightness in global tin supply amid sustained demand from clean-energy, electronics and other technology sectors. Management said it would focus on improving operational efficiency at its Pulau Indah smelter, closing its older Butterworth facility, and expanding mining output through new projects and technological upgrades.

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