- Affordable home demand drives property growth; packaging focuses on resilience and efficiency
- Declares interim dividend of 6 sen per share in respect of FY2025
Shah Alam, Selangor, Malaysia, 18 June 2025 - Global packaging manufacturer and leading property developer Scientex Berhad (Scientex, 森德公司, Bloomberg: SCI MK) recorded revenue of RM1.11 billion and net profit of RM123.9 million for the third quarter ended 30 April 2025 (3Q25), supported by robust contributions from its property division and a focused operational approach in its packaging business amid a competitive global landscape.
Revenue for 3Q25 maintained stable compared to RM1.11 billion in the previous year's corresponding quarter, while net profit was slightly lower versus RM130.5 million previously.
The property division's revenue rose 9.9% to RM495.8 million from RM451.1 million earlier, driven by higher progress billing from projects in the Central and Southern regions. Scientex also launched seven new projects across Northern, Central, and Southern Peninsular Malaysia during the quarter, contributing to higher property sales in 3Q25 and sustaining its growth momentum.
The packaging division recorded revenue of RM614.8 million, a 6.4% decrease from RM656.9 million previously, attributed to softer export demand, unfavourable foreign exchange movements, and intense market competition. In response, the division continues to prioritise cost efficiency, operational enhancements, and product innovation.
"Our twin-core business model remains a cornerstone of Scientex's strength, enabling us to deliver long-term value in a dynamic market environment. The property division continues to achieve steady growth, supported by sustained demand for quality affordable homes. The encouraging response to our launches reaffirms our strategy and commitment to expanding our landbank and providing greater access to affordable housing across Peninsular Malaysia.
Meanwhile, our packaging division remains integral to global supply chains. Amid challenging external conditions, we are executing focused strategies to enhance operational efficiency, strengthen cost competitiveness, and drive innovation. These efforts are essential to reinforcing our market position and securing future-ready, sustainable growth."
Mr. Lim Peng Jin (林炳仁), CEO, Scientex Berhad
For the nine-month period ended 30 April 2025 (9M25), the Group demonstrated continued resilience, achieving revenue of RM3.33 billion versus RM3.31 billion previously. Group net profit stood at RM376.4 million compared to RM409.4 million previously.
The property division contributed RM1.45 billion in revenue during 9M25, up from RM1.36 billion previously, supported by healthy sales across Northern, Central, and Southern regions. Notable projects include Scientex Pulai 3 in Johor, which saw strong uptake since launch, and the 550-acre Scientex Bandar Kulai township, which recorded encouraging demand. The Group also completed the acquisition of a 528-acre land in Paya Rumput, Melaka, further strengthening its future development pipeline.
Meanwhile, packaging revenue for 9M25 stood at RM1.87 billion, compared to RM1.94 billion in the previous year's corresponding period, due to softer export demand, and strategic pricing measures to remain competitive.
Mr. Lim added: "We are optimistic on the outlook for our property division, supported by stable demand and favourable government initiatives promoting affordable housing. Our continued expansion across strategic locations builds on our strong presence in Kedah, Penang, Perak, Selangor, Negeri Sembilan, Melaka, and Johor."
"In our packaging division, we are committed to strengthening operational efficiency, accelerating innovation, and advancing digitalisation. These initiatives, coupled with our ongoing investment in talent development, are integral to enhancing competitiveness and driving sustainable growth."
Scientex declared an interim dividend of 6 sen per share for the financial year ending 31 July 2025 (FY2025), representing a total payout of RM93.4 million to shareholders. The ex-dividend date is 7 July 2025, payable on 18 July 2025.
About Scientex Berhad (森德公司, https://www.scientex.com.my)
Scientex Berhad (Scientex) is a leading manufacturer in flexible plastic packaging and a prominent developer of quality affordable homes in Malaysia.
Established in 1968, our drive to achieve continuous growth has seen us become one of the world's top manufacturers of stretch film and an integrated flexible plastic packaging producer with a presence across the packaging value chain, from stretch films, base films and printed films to bags and multi-layered flexible plastic packaging solutions used in industrial and consumer packaging.
To date, Scientex has 18 manufacturing plants across Malaysia, Vietnam and the United States of America; as well as sales offices in 8 countries, namely, Australia, Indonesia, Japan, New Zealand, Philippines, Singapore, Thailand and USA. Approximately 70% of its packaging products are exported to over 60 countries worldwide.
Scientex's property arm has township development projects in Pasir Gudang, Kulai, Skudai, Senai, Pulai, Kota Tinggi and Muar (all in Johor), Ayer Keroh, Durian Tunggal, Jasin and Cheng (all in Melaka), Seremban (Negeri Sembilan), Rawang, Kundang Jaya, Jenjarom, Cheras and Bestari Jaya (all in Selangor), Ipoh (Perak), Tasek Gelugor, Sungai Dua and Jawi (all in Penang), as well as Sungai Petani (Kedah). The Group is also acquiring 229 acres in Sungai Petani, Kedah. To date, Scientex has delivered RM11.7 billion worth of properties and has projects-in-hand of RM4.6 billion.
Issued for and on behalf of SCIENTEX BERHAD by Aquilas Advisory (Malaysia) Sdn Bhd |
For investor enquiries and media enquiries, please contact: Mr. Tay Tze Yi E: tayty@aquilas.com.my T: 03-2711 1391 / 016-3380 555 |