KUALA LUMPUR (Nov 26): Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday:
IHH Healthcare Bhd’s (KL:IHH) net profit rose 15.36% to RM616 million for the third quarter ended Sept 30, 2025 (3QFY2025) from RM534 million a year earlier, supported by stronger contributions from day care services and improved cost containment, particularly in Malaysia and India. The healthcare group, which recently completed its acquisition of Fortis in India, recorded a 16.43% rise in quarterly revenue to RM6.57 billion from RM5.64 billion in the same quarter last year. Following the completion of the Fortis acquisition in India, IHH Healthcare said it now has greater flexibility to pursue growth and optimise its capital structure in the country. — IHH Healthcare books higher 3Q profit of RM616m, eyes India growth following Fortis acquisition
PETRONAS Gas Bhd (KL:PETGAS) reported on Wednesday a 10% decline in its third-quarter net profit due to softer margins across key segments, amid lower product prices and downward tariff adjustments. The group reiterated that earnings pressure is expected to persist. Net profit for the three months ended Sept 30, 2025 (3QFY2025) fell to RM444.23 million from RM493.67 million a year earlier. Quarterly revenue slipped 2.27% to RM1.62 billion from RM1.66 billion. The weaker performance was mainly attributed to lower margins following reduced revenue from the utilities segment — mainly due to lower product prices — and lower gas transportation revenue due to a tariff adjustment linked to the sharing factor for the prior year’s lower incentive-based gas capacity. PetGas declared a third interim dividend of 18 sen per share, amounting to RM356.2 million, payable on Dec 23. — PetGas’ 3Q profit slips 10% on weaker margins and tariff adjustments, declares 18 sen dividend
PETRONAS Dagangan Bhd (KL:PETDAG) saw its net profit drop 16.1% in the third quarter despite steady sales volume, dragged by weaker fuel price trends. Net profit for the three months ended Sept 30, 2025 (3QFY2025) fell to RM281.25 million from RM335.13 million a year earlier, as revenue slipped 2% to RM9.53 billion compared with RM9.73 billion. The group declared an interim dividend of 24 sen per share, to be paid on Dec 24. The weaker bottomline — despite steady sales volume — was due to the less favourable mean of Platts price trend. It was further weighed by weaker demand for diesel, but offset by higher demand for Jet A1 fuel. Its convenience segment also saw lower merchandise sales. — PETRONAS Dagangan profit drops 16% in 3Q on weaker fuel prices, declares 24 sen dividend
Sunway Bhd’s (KL:SUNWAY) third-quarter net profit fell 10.09% year-on-year (y-o-y), dragged down by higher operating and tax expenses, despite improved revenue for the quarter under review. Net profit stood at RM338.14 million for the three months ended Sept 30, 2025 (3QFY2025), compared to RM376.08 million a year before. Quarterly revenue, however, rose 26.43% y-o-y to RM2.57 billion for 3QFY2025 from RM2.03 billion. For the nine months of FY2025 (9MFY2025), Sunway’s net profit came in 2.09% lower at RM801.64 million from RM818.78 million a year before, despite revenue for 9MFY2025 jumping 49.05% to RM7.49 billion from RM5.03 billion during the same period last year. — Sunway’s 3Q net profit slips 10% on higher operating and tax expenses
IOI Corp Bhd’s (KL:IOICORP) first-quarter net profit fell 48% from last year’s high base, which was boosted by large foreign exchange (forex) gains. Net profit for the three months ended Sept 30, 2025 (1QFY2026), dropped to RM369.4 million from RM710.7 million a year earlier, as revenue climbed 14.2% to RM3.05 billion from RM2.67 billion. The group booked a forex gain of RM1.4 million in 1QFY2026, dwarfed by the RM365.9 million logged in 1QFY2025. Excluding non-underlying items, which also includes fair value changes, underlying profit before tax was up 41.7% at RM508.8 million versus RM359.1 million. — IOI Corp profit nearly halves in 1Q on absence of hefty forex gains
Kuala Lumpur Kepong Bhd (KL:KLK) saw its fourth-quarter net profit soar 14-fold, boosted by stronger plantation and property results, despite notching RM123.7 million in non-cash losses from its UK chemicals investment, Synthomer plc, including a RM60 million impairment. Synthomer’s loss was mainly due to non-operating costs from amortising acquired intangibles, restructuring and closing sites. Plantation profits rose 18.8% to RM625.9 million on better crude palm oil (CPO) and palm kernel selling prices, more CPO sales and higher fair value gain. Earnings more than doubled at its property division to RM21.7 million. For the fourth quarter ended Sept 30, 2025 (4QFY2025), KLK’s net profit surged to RM95.96 million from RM6.77 million a year earlier, while revenue rose 11.01% to RM6.3 billion from RM5.68 billion. KLK declared a final dividend of 40 sen per share, payable on Feb 10. — KLK sees 14-fold jump in 4Q net profit on plantation, property boost
AMMB Holdings Bhd (KL:AMBANK), the country’s sixth largest banking group by assets, is raising its dividend payout as earnings expanded in the recently ended quarter. The company plans to distribute an interim dividend per share of 12.5 sen, up from 10.3 sen last year. That raises the percentage of its net income paid out to shareholders to 39% from 34% over the comparable period in 2024. Net profit for the second quarter ended Sept 30, 2025 (2QFY2026) was RM534.58 million, an increase of 6.8% when compared to the same period last year, as both non-interest income and net interest income gained. — AMMB raises dividend payout as 2Q earnings expand
Time dotCom Bhd (KL:TIMECOM) announced a special dividend after its net profit nearly doubled in the third quarter thanks to higher revenue and lower currency loss. The plan is to distribute 21.64 sen per share, or RM400.1 million, to entitled shareholders on Dec 22. Net profit for the three months ended Sept 30, 2025 (3QFY2025) was RM106.15 million, or 5.74 per share. Revenue, meanwhile, rose 7% year-on-year to RM453.76 million from data, cloud and other services. For its first nine months, net profit totalled RM323.77 million, an increase of 21% when compared to the same period last year. Revenue was about 5% higher at RM1.33 billion when compared to the same nine months in 2024. — Time dotCom declares special dividend as 3Q earnings nearly doubled
UOA Development Bhd (KL:UOADEV) more than doubled its earnings in the third quarter thanks to a surge in progress billings while expenses remained largely steady. Net profit for the three months ended Sept 30, 2025 (3QFY2025) was RM115.63 million. Revenue for the quarter rose 54% year-on-year to RM217.3 million thanks to income from ongoing developments of a medical centre, two residences and an office tower. New property sales totalled RM564.6 million at the end of September, with Bamboo Hills Residences, Duo Tower, Laurel Residence and Aster Hill accounting for the bulk of transactions. Unbilled sales amounted to RM794.9 million. For the first nine months, the company racked up a net profit of RM281.29 million, a 77% increase when compared to the same period in 2024. Cumulative revenue was RM499.57 million, up 61% year-on-year. — UOA Development more than doubles 3Q earnings as progress billings surge
Malaysia’s largest dairy producer Farm Fresh Bhd (KL:FFB) charted new record-high earnings in the second quarter and remained upbeat as expansion plans continue to churn sales growth. Net profit for the three months ended Sept 30, 2025 (2QFY2026) rose to RM36.66 million — the highest on record since its listing in March 2022 — up 40% from RM26.18 million a year earlier. The strong earnings growth was fuelled by higher sales domestically and in its new markets of Cambodia and the Philippines. Sales momentum was also backed by new product launches, but offset by lower external sales from its Australian operations via Goulburn Valley Creamery Pty Ltd. Its bottom line was also propped by a RM1.9 million one-off gain from the disposal of Australia farm assets classified as held for sale, it noted. Revenue for the quarter climbed 18.4% to RM294.94 million from RM249.16 million a year earlier. — Farm Fresh rides record 2Q profit as sales graze new heights
UEM Edgenta Bhd (KL:EDGENTA) slipped back into the red for the third quarter ended Sept 30, 2025 (3QFY2025), following significant one-off, non-cash impairments of goodwill, non-current assets and long-outstanding receivables. The group posted a net loss of RM94.12 million for the quarter, compared with a net profit of RM10.23 million in the previous year’s corresponding quarter. This marks its worst quarterly result, as the impairments totalled RM96.4 million, comprising RM26.98 million in goodwill and RM69.41 million in other non-current assets. The group’s quarterly revenue declined 2.8% to RM770.78 million from RM793.19 million in 3QFY2024, due to lower contributions from the infrastructure services and healthcare solutions segments. — UEM Edgenta posts biggest quarterly loss on one-off impairments