PETALING JAYA: Malaysia Smelting Corp
Bhd (MSC) expects demand for tin from electronics, clean energy, artificial intelligence and data centre infrastructure to continue providing structural demand support.
The company noted higher average realised tin price had enabled an improvement in earnings in the final quarter of 2025 (4Q25) despite lower sales.
The tin miner and smelter posted a 32.2% year-on-year (y-o-y) jump in earnings to RM39.9mil in 4Q25 while revenue rose 7.2% y-o-y to RM480.7mil mainly driven by a higher average realised tin price of RM158,100 per tonne versus RM133,700 previously.
Its tin smelting segment registered a higher pre-tax profit of RM31.3mil in 4Q25 versus RM26.6mil in 4Q24.
This was supported by higher sales and encashment of tin intermediates with higher margin, profit from sales of tantalum slag, foreign exchange gain and cost savings following the closure of its Butterworth plant in Penang despite lower ore intake from suppliers.
Its tin mining segment recorded a pre-tax profit of RM25.4mil for the period which was lower than RM27.1mil recorded in 4Q24.
The decline was due to reduced production following a temporary three-week suspension of mining operations despite benefiting from higher tin prices.
For financial year 2025 (FY25), MSC posted a net profit of RM82mil versus RM79.4mil in FY24. Revenue rose by 4.1% y-o-y to RM1.76bil driven by sales of tin bearing intermediates and by-products as well as a higher average tin price of RM146,100 per tonne compared with RM138,500 per tonne in FY24 and despite lower refined tin sales volume during the year.
It recommended a final single-tier dividend of four sen per share, subject to shareholders’ approval at a forthcoming AGM.
This brings the total dividend for FY25 to 8 sen per share, representing a dividend payout ratio of 82% of FY25’s net profit.
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