HENG HUP (01891) announced its interim results for 2025, with revenue of MYR 725 million, representing a 16.2% decrease compared to the same period last year. Gross profit reached MYR 61.7 million, down 0.2% year-on-year, while profit attributable to owners of the company was MYR 8.5 million, declining 26.0% year-on-year.

According to the announcement, the decrease in revenue was primarily due to reduced sales volume and declining average selling prices of ferrous scrap metal, driven by current industry trends. The decline in profitability was mainly attributed to the revenue decrease and continued pressure on gross profit margins resulting from the drop in average selling prices of ferrous scrap metal.