Kuala lumpur: Ancom Nylex Bhd’s net profit for the financial year ended May 31, 2025 (FY2025) slipped to RM63.49 million compared to RM81.47 million recorded in FY2024. Revenue fell to RM1.87 billion from RM1.99 billion previously, the group disclosed in a filing with Bursa Malaysia today.

According to BERNAMA News Agency, the decline in revenue was primarily due to reduced contributions from the industrial chemicals segment, which suffered from lower selling prices and volumes. The weaker net profit was mainly attributed to elevated freight costs and unfavorable foreign exchange fluctuations.

Datuk Lee Cheun Wei, the managing director and group chief executive officer of Ancom Nylex, described FY2025 as a challenging year. He noted that key geopolitical events had resulted in increased freight costs and adverse forex conditions, affecting the overall performance of the group. He further commented on the potential impact of escalating tariffs and volatile trade conditions on global and domestic economic projections, making it difficult to predict trends in raw material costs and market prices.

Despite these challenges, Datuk Lee expressed optimism about Malaysia’s economic growth over the next 12 months, with expectations for further advancement if global conditions stabilize.

For the fourth quarter ended May 31, 2025 (4Q 2025), Ancom Nylex recorded a lower net profit of RM17.071 million compared to RM18.44 million in 4Q2024, with revenue dropping to RM459.4 million from RM487.2 million previously.

In FY2025, the group distributed a first interim dividend through the distribution of treasury shares at a ratio of four treasury shares for every 100 shares, alongside a second interim dividend at a ratio of one treasury share for every 100 shares.