Scientex Berhad achieved revenue of RM1.1 billion and net profit of RM128.6 million for first quarter ended 31 October 2024 (1Q25). Group revenue remained consistent with the RM1.1 billion reported in the previous corresponding quarter.

The property division was the key performance driver, with revenue rising 6.0% to RM483.7 million from RM456.1 million previously, driven by steady construction progress across the Northern, Central, Melaka and Johor regions, coupled with strong take-up rates for ongoing projects.

The packaging division recorded RM625.7 million in revenue, a slight decline of 3.8% compared to RM650.4 million previously, mainly due to softer demand from the export market and unfavourable foreign currency exchange movements. Despite a 6.7% decline in net profit compared to RM137.8 million in the previous year, the group said its overall profitability was bolstered by the strong performance of the property division.

Its property division continues to experience robust demand, driven by the essential need for affordable housing among middle-to-lower-income groups. In 1Q25, the Group recorded encouraging take-up rates for recent launches in Scientex Jenjarom (Selangor), Scientex Sungai Dua (Penang), Scientex Ipoh (Perak), Scientex Bandar Jasin (Melaka), and Scientex Pulai 3 (Johor), demonstrating strong market demand for affordable housing in these regions.

Scientex shareholders have today approved a final dividend of 6 sen per share in respect of the financial year ended 31 July 2024 (FY2024), with the ex-date set for 7 January 2025 and the payment date on 17 January 2025. With the earlier interim dividend of 6 sen per share, the total dividend for FY2024 amounts to 12 sen per share. This represents a total payout of RM186.5 million, equivalent to 34.2% of the Group's FY2024 net profit.