PETALING JAYA: Magni-Tech Industries Bhd
has recorded a lower net profit of RM28.29mil for the fourth quarter ended April 30, 2025 compared to the RM34.52mil recorded in the same quarter last year.
In a filing with Bursa Malaysia, the apparel manufacturer and distributor said the decrease was a result of its lower revenue at RM326.38mil, a reduced dividend income by RM650,000 and higher loss due to adverse movement in foreign exchange by RM5.23mil.
For the quarter under review, both its garment and packaging segment’s revenue fell by 3.3% and 0.5%, respectively, primarily due to lower sales orders received.
For its financial year ended April 30, 2025 (FY25), Magni-Tech saw its revenue increase to RM1.49bil compared to the RM1.34bil registered last year.
The overall increase was on the back of overall higher sales orders, as well as an increase in interest income by RM4.89mil generated by its holding company.
Meanwhile, the group said it remains cautiously optimistic about its business outlook for FY26 despite a persistently challenging global environment.
It added that heightened geopolitical tensions and ongoing trade disputes have contributed to increased policy uncertainty, disrupted supply chains and dampened global investment sentiment.
“The group will maintain its strategic focus on cost optimisation through automation, modernisation and process enhancements.
“These initiatives are aimed at improving operational efficiency, preserving margins and ensuring long-term competitiveness amid a volatile macroeconomic landscape,” it said.
Magni-Tech also noted that while it had no borrowings or debt securities at the end of FY25, there were capital commitments of RM3.64mil in respect of factory renovation and expansion, and acquisition of machinery and equipment.
The company also declared a single-tier fourth interim dividend of three sen per ordinary share to be paid on July 25.
