The company's second-quarter revenue rose 10% year-on-year to RM4.136bil.
PETALING JAYA: DRB-Hicom Bhd
is anticipating a moderate outlook for the rest of its financial year 2025 (FY25) amid US tariff uncertainties.
The group had returned to a net profit position of RM58.09mil in its second quarter ended June 30 (2Q25) compared with a net loss of RM17.08mil in the same quarter a year ago.
Revenue in the same period rose 10% year-on-year (y-o-y) to RM4.136bil.
They were boosted due to higher sales from the automotive, property, banking, postal and services sectors.
In the latest third quarter, its automotive division, which is the biggest revenue contributor to the group had posted a 11% y-o-y rise in revenue while the banking segment a 6.1% y-o-y rise in revenues.
“The stronger results in 2Q25 were mainly driven by higher profit in the banking sector, supported by increased financing and investment income as well as a reduction in the impairment allowances due to improved recoveries.
“Improved contributions from the automotive, postal, property, and services sectors also reinforced the overall performance,” DRB-Hicom said in a statement.
In the first half of 2025 (1H25), it had recorded a pre-tax profit of RM215.81mil and revenue of RM8.25bil, compared with a pre-tax profit of RM236.70mil and revenue of RM8.09bil in the corresponding period of 2024.
Stronger contributions from the banking and services sectors partially offset softer performance in other sectors, thereby supporting its overall stability, it said.
Its automotive segment’s revenue rose y-o-y by 1.7% to RM5.68bil in 1H25, supported by higher contributions from the Proton brand, driven by a favourable sales mix and increased sales volume from automotive distribution companies, it said.
The banking division saw revenue improvement of 5.3% y-o-y to RM1.09bil on higher financing income arising from sustainable loan growth and an expanding customer base.
Moving forward, it said businesses within the group would remain focused on building resilience through stronger risk management and sustainability efforts.
“Digital transformation is progressing in the banking and postal segments, while other sectors, namely aerospace and defence, services, and properties remained committed to strengthening business capabilities for the long-term growth,” it added.
