Press Metal Aluminium Holdings (PMETAL) Q2 2025 earnings summary

Executive summary

• Revenue for Q2 2025 rose 5.9% year-over-year to RM4.19 billion, driven by higher sales volume and realised metal prices.

• Profit before tax for Q2 2025 declined 6.7% year-over-year to RM647.5 million due to higher raw material costs.

• For the first half of 2025, revenue increased 6.8% and profit before tax rose 3.4% year-over-year.

• Total comprehensive income for H1 2025 surged 128.5% year-over-year to RM1.60 billion, mainly from positive cash flow hedge movements.

Financial highlights

• Q2 2025 net profit attributable to equity holders was RM483.6 million, down 4.4% year-over-year.

• Basic EPS for Q2 2025 was 5.87 sen, down from 6.14 sen in Q2 2024; H1 2025 EPS was 11.47 sen, up 3.4% year-over-year.

• Operating profit for H1 2025 was RM1.08 billion, down 3.4% year-over-year.

• Effective tax rate was lower than statutory due to tax incentives.

• Net assets per share increased to RM1.15 as of 30 June 2025 from RM1.03 at end-2024.

Outlook and guidance

• Market sentiment remains cautious amid macroeconomic uncertainty and trade tensions, but demand is growing modestly year-over-year.

• Global aluminium supply constraints and lower raw material prices support metal prices and smelting operations.

• Renewable energy, AI, and data centres are expected to drive future demand.

• Board expects satisfactory performance for FY 2025 barring unforeseen circumstances.