KUALA LUMPUR: An increase in the price of tin and better sales bolstered Malaysia Smelting Corp
Bhd's (MSC) bottomline in the second quarter of 2026, amid tighter supply conditions.
According to the group, the stronger performance was primarily driven by a 44.7% increase in refined tin sales volume and a 49.1% rise in the average tin price to RM208,400 per metric tonne (MT) in 2QFY26, from RM139,800 per MT in 2QFY25.
MSC co-CEO Nicolas Chen Seong Lee said in a statement tin prices have risen as key producing countries such as Indonesia, Myanmar and DRC face regulatory, geopolitical, and operational challenges.
"Tin prices remain elevated amid tightening supply conditions in key producing countries such as Indonesia, Myanmar and the
Democratic Republic of the Congo (DRC).
"Meanwhile, global demand for tin remains resilient, supported by structural growth in artificial intelligence, data centres, semiconductors, photovoltaic panels and other energy transition technologies."
In 2QFY26, MSC posted a net profit of RM34.02mil as compared to RM13.95mil, while revenue leapt to RM637.27mill from RM378.96mil in the year-ago quarter.
The group's bottomline of RM76.95mil over the first six months of the year was about 3.5 times that of the same period in 2025. Revenue during the first-half period was RM1.09bil, against RM748.73mil in the previous comparative period.
The tin mining segment, the group's largest profit contributor, recorded a pre-tax profit of RM59.1mil in 2Q26 as compared with RM29.1mil in 2Q 2025, mainly due to higher tin production quantity and higher average tin prices.
Meanwhile, the tin smelting segment recorded a pre-tax profit of RM3.8mil in 2Q as compared to a pre-tax loss of RM9.6mil in the same quarter in 2025 due to higher profit from sales and encashment of tin intermediates.
There was positive cost savings from the closure of the Butterworth plant, but the gains were partially offset by foreign exchange loss.
The segment’s performance in 2QFY25 was also adversely affected by the disruption to tin production following the gas pipeline fire incident at Putra Heights.
