DXN share price up after posting higher net profit
At 10.09 am, the global health-oriented and wellness direct selling company's share price was half-a-sen up to 51 sen, with 2.01 million shares changing hands.
DXN Holdings' net profit for FY2025 rose to RM329.03 million compared to RM310.99 million previously while revenue increased 5.8 per cent to RM1.91 billion from RM1.80 billion previously, according to a filing with Bursa Malaysia.
In the fourth quarter (4Q) of FY2025, its net profit rose to RM84.72 million compared to RM79.02 million previously, while revenue decreased to RM458.90 million from RM470.64 million previously.
RHB Investment Bank Bhd said DXN Holdings' FY2025 results met its expectations with solid growth in key markets and efficiency gains which more than offset the impact of unfavourable foreign exchange.
"Valuation is highly attractive considering the effective business model, Brazil's expansion as a medium-term growth driver, and sturdy balance sheet to facilitate a generous dividend payout," it said in a note today.
For outlook, it said DXN's earnings growth will be supported by the relentless growth momentum in major markets.
"The core strategies of recruiting new members and enhancing their productivity levels will continue to revolve around member engagement, complemented by quality new product launches.
"Meanwhile, the recent capacity expansion should help capture the rising demand and roll out new product categories to broaden the addressable markets," it said.
On top of that, it look forward to the results of the entry to Brazil, leveraging on DXN's established existing network in the Latin American region.
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Langkawi is positioning itself as a premium wellness destination, integrating rainforest spas, eco-retreats, and holistic healing. Mainland Kedah is directing investment toward eco and cultural wellness tourism in places like Gunung Jerai, Lembah Bujang and Tasik Pedu. The partnership also enables DXN to further strengthen its sustainable value chain. Access to local land for cultivating key ingredients such as cocoa and coffee will reduce reliance on external suppliers, improve cost efficiency, and support quality assurance. This complements DXN's current practice of cultivating spirulina and ganoderma for its own use. As DXN enters its next phase of growth, the company remains focused on strengthening its global presence while delivering long-term value through a sustainable, integrated value chain and ongoing innovation in health and wellness. 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