KUALA LUMPUR: Tin miner and metal producer, Malaysia Smelting Corporation Bhd recorded revenue of RM480.7 million for Q4 ended Dec 31, 2025 (FY25), representing a 7.2% YoY increase from RM448.5 million in Q4 FY24.
The growth was mainly driven by a higher average realised tin price of RM158,100 per MT, up from RM133,700 previously, despite lower refined tin sales volume.
The tin smelting segment registered a higher profit before tax of RM31.3
million compared with RM26.6 million in Q4 FY24.
This was supported by higher sales and the encashment of tin intermediates at higher margins, increased profit from the sale of tantalum slag, foreign exchange gains, and cost savings following the closure of the Butterworth plant, despite lower ore intake from suppliers due to supply shortages.
Meanwhile, the tin mining segment recorded a profit before tax of RM25.4 million, lower than RM27.1 million in Q4 FY24.
The decline was due to reduced production following a three-week suspension of mining operations, despite higher tin prices.
For FY25, MSC recorded revenue of RM1.76 billion, representing a 4.1% year-on-year (YoY) increase from RM1.69 billion recorded in FY24.
The improvement was primarily driven by sales of tin-bearing intermediates and by-products, as well as a higher average tin price of RM146,100 per MT in FY25 compared with RM138,500 per MT in FY24, despite lower refined tin sales volume during the year.
Net profit rose 3.3% YoY to RM82.0 million in FY25 from RM79.4 million in FY24.
For the tin smelting segment, MSC registered a profit before tax of RM26.0
million in FY25 compared with RM32.3 million in FY24.
Performance was affected by lower ore intake from suppliers and by a temporary production disruption following the gas pipeline fire incident at Putra Heights in Q2 of 2025, partially mitigated by the positive contribution from higher encashment of tin intermediates with higher margins.
The tin mining segment delivered a profit before tax of RM116.6 million in
FY25, compared with RM110.4 million previously, driven by higher average
tin prices.
Co-group CEO Lam Hoi Khong said the group’s financial performance reflects the overall resilience of the group’s operations amid operational challenges.
“Demand for tin from electronics, clean energy, artificial intelligence and data centre infrastructure continues to provide structural support to the market.
“Although supply chain recovery is emerging, particularly from Myanmar and in Indonesia, the risk of disruptions arising from regulatory changes, policy shifts and geopolitical tensions remains present,” he said in a statement.
MSC has recommended a final single-tier dividend of 4 sen per share, amounting to RM33.6 million, subject to shareholders’ approval at the forthcoming annual general meeting.
This brings the total dividend for FY25 to 8 sen per share, representing a dividend payout ratio of 82% of FY25 net profit.
Co-group CEO Nicolas Chen Seong Lee said aagainst this backdrop, the group continues to prioritise business competitiveness and operational efficiency.
“Cost savings from the Butterworth plant closure and improved efficiencies at Pulau Indah will improve our bottom line.
“In mining, we are enhancing productivity, expanding resources and exploring new joint ventures to strengthen output,” he said.
The Sun Malaysia
