DXN Holdings Bhd. announced its first half financial recording a solid 9.2% year-on-year revenue growth to RM963.5 million, up from RM882.3 million in the corresponding period last year.
This growth it said was primarily driven by sustained sales momentum in key markets, particularly in Latin America, India, and Turkiye, alongside ongoing member engagement, successful product promotions, and an expanded product portfolio in Latin America.
The Group also posted higher earnings before interest, tax, depreciation & amortisation and profit before taxation of RM277.3 million and RM247.8 million, representing YoY increases of 2.7% and 2.3%, respectively, from RM270.0 million and RM242.2 million in 1HFY24. However, profit after taxation and non-controlling interests marginally declined to RM151.5 million from RM153.6 million recorded in the same period last year.
In 1HFY25, DXN's EBITDA, PBT, and net profit margins saw modest decreases to 28.8%, 25.7%, and 15.7%, respectively, compared to 30.6%, 27.5%, and 17.4% in 1HFY24. These contractions it added were primarily attributed to the appreciation of the Malaysian Ringgit and rising operating costs.
The Board declared a second interim dividend of 0.8 sen per ordinary share for 2QFY25. This brings the total dividend declared for 1HFY25 to 1.7 sen per share. In total, DXN has declared dividends worth RM84.5 million during this period, representing a payout ratio of 55.8%.
