Mewah International (MV4) H2 2025 earnings summary

Executive summary

• FY2025 revenue reached a record $5,977.3 million, up 25.0%; sales volume rose 8.7% to 5,195.8 thousand MT.

• Net profit attributable to equity holders increased 38.1% to $53.6 million.

Financial highlights

• Average selling prices rose 15.0% to $1,150.4/MT; operating margin increased 35.1% to $279.1 million.

• Profit before tax increased 63.5% to $75.4 million; income tax expense rose to $30.0 million from $10.5 million.

• Overheads rose 18.2% to $154.4 million and finance costs increased 55.8% to $44.1 million.

• Record revenue and volume were supported by higher selling prices and expanding Indonesia operations.

Segment performance

• Bulk revenue increased 29.2% to $4,547.0 million on 13.0% volume growth to 4.08 million MT and 14.4% higher average selling prices.

• Bulk operating margin rose 77.8% to $171.2 million; margin per MT increased to $42.0 from $26.7, supported by improved refining margins and full-year operations at the new Indonesian plant.

• Consumer Pack revenue rose 13.2% to $1,430.4 million as average selling prices increased 18.7%; volume fell 4.6% to 1.12 million MT.

• Consumer Pack operating margin declined 2.1% to $108.0 million, while margin per MT rose 2.7% to $96.4 from $93.9.