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Borneo Post
19-06-2025
- Business
- Borneo Post
OM Holdings secures spot on Fortune Southeast Asia 500 list for second year
The company's flagship smelting facility in Sarawak remains one of the largest and most cost-efficient in the region outside China, supporting its competitive edge. KUALA LUMPUR (June 19): OM Holdings Limited (OMH), an international manganese and silicon smelting group, has once again made it onto the Fortune Southeast Asia 500 list, ranking 378th this year. This marks the second consecutive year the company has been included in the prestigious list, which recognises the top-performing companies in the region based on annual revenue. 'The company's continued inclusion on the Fortune Southeast Asia 500 list is a strong validation of its scale, resilience and sustained operating and financial performance, amid a period of elevated market volatility since 2024,' it said in a statement on Tuesday. OMH executive chairman and CEO Low Ngee Tong said the recognition affirms the consistency of the company's strategy and operational discipline, particularly during a year where the ferroalloy markets experienced significant pricing swings and cost pressures. 'In 2024, we operated in an environment marked by sharp manganese alloy price movements, regulatory shifts in China impacting ferrosilicon trade, and broader macroeconomic headwinds. Through it all, our team remained focused on cost control, procurement discipline, and production optimisation. 'These efforts enabled us to deliver record production volumes, remain profitable, and continue creating long-term shareholder value,' he said. For the financial year ended Dec 31, 2024, the group recorded revenue of US$654.3 million, an increase of 11 per cent from the previous year. It sold over 500,000 tonnes of ferrosilicon and silicomanganese. Earnings before interest, tax, depreciation and amortisation (EBITDA) came in at US$76.0 million, with net profit after tax at US$9.7 million. OMH also declared a final dividend of A$0.004 per share. The company's flagship smelting facility in Sarawak remains one of the largest and most cost-efficient in the region outside China, supporting its competitive edge. OMH also maintains a trading and marketing presence in Singapore, Japan, and China, and owns a manganese asset in Australia targeted for ultra-fines processing. The Fortune Southeast Asia 500 list, launched in June 2024, highlights the region's top companies based on revenue. corporate news Fortune Southeast Asia 500 OM Holdings Limited
The Star
13-05-2025
- Business
- The Star
OM Holdings sells 26% interest in NMPL for US$101.4mil
KUALA LUMPUR: OM Holdings Ltd 's (OMH) wholly owned subsidiary OMH (Mauritius) Corp (OM Mauritius) has entered into a conditional binding agreement with Exxaro Resources Ltd to sell its entire 26 per cent interest in Ntsimbintle Mining Proprietary Ltd (NMPL) for about US$101.4 million (US$1=RM4.32). NMPL holds a 50.1 per cent interest in Tshipi é Ntle Manganese Mining (Pty) Ltd (Tshipi) and operates the Tshipi Borwa Mine in South Africa, OMH said in a filing with Bursa Malaysia today. The manganese and silicon smelting company said the transaction includes OM Mauritius' shares in NMPL along with its associated marketing rights. OMH said Ntsimbintle Holdings Proprietary Ltd (NH) owns the remaining 74 per cent of NMPL and the successful closing the transaction, among others, is contingent on the successful sale of NH's stake in NMPL as well as approval from the relevant authorities. OMH executive chairman and chief executive officer Low Ngee Tong said the consideration from Exxaro, a bulk commodity and energy company operating in South Africa, is an attractive and compelling opportunity to unlock value for OMH and recirculate capital to its core business operations. "We look forward to embarking on a new commercial relationship with Exxaro for the Tshipi manganese ore business,' he said. Subject to requisite regulatory approvals and fulfillment or waiver of the suspensive conditions, the transaction is expected to close in early 2026 upon the transfer of ownership to Exxaro. On the closing date, Exxaro will make the payment of 95 per cent of the transaction consideration to OM Mauritius, while the balance of five per cent will be held in escrow as security in line with an agreed escrow agreement for a period of 12 months after the closing date. - Bernama
