KUALA LUMPUR: Amway (M) Holdings Bhd
has warned that its full-year revenue and profit are likely to fall, citing prevailing business uncertainties.
“Given the prevailing uncertainties in the business environment, the group anticipates a decline in revenue and profit for the full year,” Amway said in a filing with Bursa Malaysia.
In the second quarter ended June 30, Amway’s net profit plunged to RM2.4mil from RM24.5mil a year earlier, translating into earnings per share of 1.48 sen versus 14.93 sen previously.
Quarterly revenue fell 10% to RM266.7mil compared with RM296.4mil a year prior.
For the first half ended June 30, Amway recorded a net profit of RM15.6mil, a 72.7% drop from RM57.3mil a year earlier, while revenue fell to RM560.1mil from RM618.5mil previously.
Amway said its first-half profitability was hit by weaker sales and rising costs, and it is doubling down on the health and wellbeing segment with new products, ABO programmes and tech upgrades.
“For the first half of 2025, the group recorded a decline in revenue, reflecting the continued impact of weak consumer demand and a challenging economic environment.
“Despite these headwinds, the group remains committed to delivering shareholders’ value and upholding our position as a trusted provider of health and wellbeing products. The group will continue to focus on delivering holistic gut health solutions to meet evolving consumer needs,” Amway said.
Amway has declared a second single-tier interim dividend of 5 sen per share on Aug 20, payable on Sept 22.
