Latest news with #DXNHoldingsBhd
The Star
7 days ago
- Business
- The Star
DXN focuses on ready-to-eat and -cook products, eyes further global spread
From left: DXN chief financial officer Lim Beng Cheng, DXN senior independent non-executive director Datuk Noripah Kamso, DXN chief operating officer Mahmood Hisham, DXN founder and executive chairman Datuk Lim Siow Jin, Kedah Chief Minister Datuk Seri Muhammad Sanusi Md Nor, Invest Kedah Bhd chief operating officer Noor Ikhsan Bin Abdul Aziz and Kedah state executive council member Dr Haim Hilman Abdullah. PUTRAJAYA: Herbal health product manufacturer and marketeer DXN Holdings Bhd aims to expand its product portfolio with a new line of ready-to-eat (RTE) and ready-to-cook (RTC) food products, as part of an aggressive push into international markets. Founder and executive chairman Datuk Lim Siow Jin said the company is in the final phase of developing a central kitchen facility to drive production of RTE and RTC products. "The latest freezing technology enables processed products such as sushi- and sashimi-grade fish to last up to 18 months. This opens up export opportunities globally,' he said at a press conference here today. He said the new products - including fresh seafood processed directly from DXN's hatchery in Pulau Tuba, Kedah - are expected to replicate DXN's coffee products, which are now among the company's top revenue contributors. "If coffee can reach that level, daily RTE and RTC food products will even go further,' he said, adding that DXN's products are currently distributed via a network of more than 20 million members in 54 countries. Meanwhile, DXN's chief operating officer Abdul Hafiz Mahmood Hisham said the company is confident it will be able to distribute more than 50 per cent of its net profit as dividend this year, in line with its minimum payout ratio policy. He said for the financial year ended Feb 28 this year, DXN distributed 56 per cent of its net profit as dividends, totalling about RM362 million since its Main Market relisting on Bursa Malaysia on May 19, 2023. On Jan 27, DXN's board declared a third interim dividend of 1.00 sen per ordinary share, amounting to RM49.72 million for the financial year ending Feb 28, 2025. For the full year, the company's net profit rose 5.8 per cent to RM329.03 million from RM310.99 million in the FY2024, while revenue increased 5.84 per cent to RM1.91 billion from RM1.80 billion. This revenue growth was driven by strong sales performance in key markets such as Peru, Bolivia, the Middle East, and Türkiye, supported by targeted marketing strategies that successfully maintained member engagement throughout the year. - Bernama
The Sun
15-07-2025
- Business
- The Sun
DXN Holdings landmark agreement paves way for investments, job creation in Kedah
CYBERJAYA: DXN Holdings Bhd, a global manufacturer of health-focused nutraceutical products, signed a memorandum of understanding (MoU) with Invest Kedah Bhd, the state's principal investment promotion agency, to explore strategic initiatives in agroforestry, aquaculture, and eco-tourism. The five-year MoU also supports socio-economic and talent development aligned with Kedah's long-term plans. The MoU was formalised during an official ceremony attended by the Kedah chief minister Datuk Seri Muhammad Sanusi Md Nor, who emphasised the importance of partnerships between the state and forward-looking companies. 'We welcome collaborations that align with our vision for a smart, competitive, and sustainable Kedah. 'DXN, a homegrown company which began in Kedah and now has a global reach, sets a benchmark for excellence in both governance and growth for companies in Kedah and Malaysia. 'Their continued investment not only strengthens confidence in our state's economic direction but also contributes to the momentum of our planned economic corridors. 'This is the kind of business leadership that creates real impact for the people of Kedah and can form anchor partners for the Greater Kedah 2050 Vision,' he said in a statement. DXN has deep roots in Kedah. It commenced business in Jitra in 1995 and continues to play a key role in the Company's global operations, with approximately 90% of its production exported across 54 countries. The site is supported by a workforce of around 1,825 employees, reflecting the company's continued investment in local talent while complementing its broader international manufacturing footprint. DXN's collaboration with Invest Kedah builds on that legacy to unlock socio-economic potential through entrepreneurship and innovation, while ensuring that local communities benefit from development across sectors. These initiatives are expected to generate significant employment opportunities and stimulate economic activity in Kedah, with a strong emphasis on engaging local talent, contractors, and entrepreneurs. DXN will also support technology and knowledge transfer to enhance local capabilities. Under the MoU, DXN and Invest Kedah will explore high-impact opportunities through job creation and economic growth in agroforestry, focusing on the cultivation of high-value crops such as coffee and mushrooms in designated forest reserve areas. It will also focus on aquaculture and island ventures, whereby the development of sustainable aquaculture systems for species such as oysters, red snapper, grouper, and coral trout, including those in hatcheries on the island and in coastal zones. The MoU will also focus on eco-tourism in Langkawi, with wellness-driven tourism offerings aligned with DXN's global brand and sustainability ethos. The first project already underway is a fish hatchery on Pulau Tuba, Langkawi, which began operations in March 2024. Spanning 1.02 hectares, the hatchery houses 40 tanks with the capacity to breed up to 480,000 fish, and focuses on red snapper, grouper, milkfish, and coral trout. The facility is designed to serve both commercial production and marine conservation education. DXN founder and executive chairman Datuk Lim Siow Jin said Kedah holds tremendous untapped potential for agro-based and tourism development. 'Through this MoU, we can deepen our footprint in the state while delivering inclusive economic benefits. This reflects our philosophy of building a vertically integrated, sustainable business that grows alongside the communities it serves. 'We sincerely thank the Kedah state government for their partnership. The policies of the state as well as federal governments had enabled a company like ours to take root and grow internationally,' he said. Invest Kedah chief operation officer Noor Ikhsan Abdul Aziz said this public-private initiative is part of the state's broader effort to modernise Kedah's economy. 'By empowering companies like DXN, we are enabling the creation of self-sustaining entrepreneurs and strengthening local supply chains. 'This collaboration demonstrates how strategic investment can support social and economic development across the state,' he said. In Q1 of FY25, Kedah secured RM4.2 billion in investments, with RM3.9 billion in manufacturing. Foreign direct investment (FDI) in Kedah is driven by Kulim Hi-Tech Park (KHTP), Kulim Industrial Corridor (KIC), Bukit Kayu Hitam Special Border Economic Zone (BKH SBEZ), as well as Kedah Rubber City, Kedah Science & Technology Park (KSTP). Kedah is also seeing rapid growth in healthcare, driven by increased public funding and private expansion. 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. Equally, DXN is committed to uplifting communities by creating inclusive economic opportunities and building local capabilities—reflecting its belief that business success and community well-being are inextricably linked. With a population of over 2.1 million, Kedah is on track for rapid economic transformation driven by strong industrial FDI, advanced logistics, and high-tech manufacturing. With annual FDI inflows projected at RM40–50 billion and real GDP growth forecast at 5–7% annually, Kedah is poised to become a top-tier investment destination and economic hub in northern Malaysia through major plans like Greater Kedah 2050 and Pelan Kedah 2035.
Yahoo
30-04-2025
- Business
- Yahoo
DXN Holdings Bhd Full Year 2025 Earnings: EPS: RM0.066 (vs RM0.063 in FY 2024)
Revenue: RM1.94b (up 6.4% from FY 2024). Net income: RM329.0m (up 5.8% from FY 2024). Profit margin: 17% (in line with FY 2024). EPS: RM0.066 (up from RM0.063 in FY 2024). We check all companies for important risks. See what we found for DXN Holdings Bhd in our free report. All figures shown in the chart above are for the trailing 12 month (TTM) period Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 9.2% growth forecast for the Personal Products industry in Asia. Performance of the market in Malaysia. The company's shares are up 2.0% from a week ago. Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on DXN Holdings Bhd's balance sheet health. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
New Straits Times
30-04-2025
- Business
- New Straits Times
DXN share price up after posting higher net profit
KUALA LUMPUR: DXN Holdings Bhd's share price rose in the morning trading session after it posted higher net profit for the financial year ended Feb 28, 2025 (FY2025). 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.
The Star
29-04-2025
- Business
- The Star
DXN posts record RM329mil net profit for FY25
DXN Holdings Bhd executive chairman and founder Datuk Lim Siow Jin KUALA LUMPUR: DXN Holdings Bhd chalked up a record net profit of RM329mil for the financial year ended Feb 28, 2025 (FY25), up 5.8% from RM310.9mil in the year ago. The nutraceutical products manufacturer's FY25, revenue climbed 5.8% year-on-year to a new record of RM1.9bil, exceeding the RM1.8bil achieved in FY24. DXN said this achievement was primarily driven by robust sales in key markets such as Peru, Bolivia, the Middle East, and Turkey, supported by sustained and effective marketing efforts that actively kept members engaged throughout the year. 'We are pleased to have delivered another set of record-breaking financial results this year, reaffirming the resilience of our business model and the effectiveness of our long-term growth strategies. This strong performance reflects not only the continued momentum across our key markets but also the encouraging progress from our expansion into new frontiers such as Brazil and Argentina,' executive chairman and founder Datuk Lim Siow Jin said in a statement. He noted that the recent entry into Brazil and Argentina has gained encouraging traction, as sales and member recruitment are growing steadily. Lim said these markets represented significant opportunities within the broader Latin American region. He added that the company was well-positioned to capture this potential by leveraging its robust member network and strong brand presence in neighbouring countries such as Mexico, Peru, Bolivia, and Colombia. 'Looking ahead, DXN remains focused on sustaining its growth trajectory through ongoing product innovation, driven by robust research and development, alongside continued enhancements in production efficiency. These strategic efforts are key to meeting evolving consumer needs and reinforcing our role as a leading player in the global health and wellness sector over the long term,' Lim said. In the fourth quarter ended Feb 28, DXN reported a 7.2% increase in net profit to RM84.7mil, although revenue declined by 2.5% to RM458.9mil. The board of directors has declared a fourth interim dividend of 1.0 sen per ordinary share for FY25, amounting to RM49.7mil. The dividend will be paid on May 30. Pantech said the FY25 dividend represents 55.9% of net profit, reflecting its commitment to its dividend policy of paying at least 50% of net profit to shareholders.
