KUALA LUMPUR: Mag Holdings Bhd
, an integrated aquaculture group, remains confident in the long-term prospects of the aquaculture sector.
Executive chairman Ng Min Lin said the group remains optimistic about the sector’s long-term outlook but is mindful of prevailing macroeconomic challenges, including foreign currency volatility and cost pressures.
He added that the group will continue to execute its strategies prudently, with a strong focus on operational efficiency and disciplined cost management.
“Our focus is not only on strengthening our domestic footprint but also on aggressively penetrating key overseas markets, including North America, Japan, and the European Union.
“We are actively enhancing our export capabilities and building relationships with new international distributors to meet the stringent quality standards of these regions,” he said.
Ng said the group’s ongoing investment in advanced smart farming technologies remains central to its strategy, enabling it to improve yields, enhance sustainability and maintain consistent product quality.
The group has changed its financial year-end from June 30 to Dec 31 to align with newly acquired farms, with the next audited results covering an 18-month period from July 1, 2024 to Dec 31, 2025.
For the three months ended Dec 31, 2025 (6QFY2025), the group recorded revenue of RM110.5mil, a 49.5% increase from RM67.9mil a year earlier.
The strong growth was driven by higher sales volumes and expanded operations following the acquisition of two farms and a processing plant in May 2025.
Gross profit increased to RM29.7mil from RM17.3mil a year earlier, while the gross profit margin improved to 29.3% from 25.4%, reflecting better cost management and operational efficiency.
Nonetheless, the group recorded a loss before tax of RM223mil, mainly due to a one-off provision of RM243.9mil made on a loan extended to a former subsidiary company, Henan Xinghe Oil & Fat Company Limited (HXOF). This provision is deemed to be a one-off and non-cash item in nature.
Excluding this one-off item, the group would have recorded a core profit before tax (PBT) of RM20.9mil in 6QFY2025, a significant increase from RM10.7mil in the corresponding quarter last year.
As at Dec 31, 2025, MAG’s cash and bank balances stood at RM53.9mil. Net gearing was 0.46 times, while the current ratio was 2.5 times. Shareholders’ funds stood at RM601.2mil.
