KUALA LUMPUR (Nov 21): Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:

Press Metal Aluminium Holdings Bhd (PMETAL)’s net profit rose 40% year-on-year (y-o-y) to RM563.3 million for the three months ended Sept 30, 2025 (3QFY2025), from RM402.3 million, due to higher volume and prices, as well as lower material costs. Quarterly revenue increased 7.9% to RM4.08 billion, from RM 3.78 billion. “Input costs have moderated, with alumina prices coming under downward pressure as new alumina refinery capacity comes online, helping to enhance cost competitiveness and support margin resilience moving forward,” said its CEO Tan Sri Paul Koon. — Press Metal posts 40% rise in 3Q net profit; flags cheaper input costs, firm prices

Sime Darby Property Bhd’s (SIMEPROP) net profit rose 31.2% y-o-y to RM168.23 million for 3QFY2025 from RM128.26 million, boosted by stronger sales and cost efficiency in its property development business. Quarterly revenue grew 11% y-o-y to RM1.21 billion, driven by improved billing from industrial and high-rise developments. It not declare any dividend for the quarter under review. It posted a record RM3.4 billion in sales for the period, a 6.7% increase, achieving 93% of its RM3.6 billion full-year sales target. Unbilled sales surpassed the RM4 billion mark for the first time, reaching RM4.1 billion as at Sept 30, while unsold gross development value for completed inventories remained low at RM240.9 million. — Sime Darby Property’s 3Q net profit jumps 31%, nine-month sales hit record RM3.4b

Separately, the group said it is well-positioned to take on more debt to fund its income-generating industrial and data centre projects. “At 34% we’re very comfortable and we will be building up a little bit as we grow recurring income,” group managing director and CEO Datuk Seri Azmir Merican said at its virtual third-quarter results briefing on Thursday. “We do not borrow just for working capital or to pay our own day-to-day expenses … the borrowings are for expansion and its income generating assets,” he added. — Sime Darby Property ‘comfortable’ to take on more debt for industrial and data centre expansion

Affin Bank Bhd’s (AFFIN) earnings slipped marginally to RM144.99 million for 3QFY2025, from RM145.82 million a year ago, as decreased net income and higher impairment loss allowances more than offset lower expenses. Net interest income (NII) was recorded at RM207.65 million, down from RM214.62 million from the year-ago period. Income from Islamic banking business was higher at RM217.55 million from RM168.95 million a year earlier. No dividend was declared. — Affin’s 3Q earnings slip on weaker interest income, higher impairment allowances

KLCCP Stapled Group (KLCC) posted marginal rise of 1.26% in net profit to RM209.13 million for the three months ended Sept 30, 2025 (3QFY2025), from RM206.53 million a year earlier, supported by a higher contribution from its management services segment. Quarterly revenue was flat at RM429.7 million compared to RM429.62 million previously. The group — comprising KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust — declared a third interim dividend of 9.5 sen per stapled security, higher than the 9.2 sen paid a year earlier. The dividend will be paid on Dec 30. This brings the group’s total dividend payout so far for FY2025 to 27.9 sen per stapled security — up from 27.4 sen in the same period last year. — KLCCP Stapled Group posts flat profit in 3Q, declares higher dividend of 9.5 sen

Shareholders of Sunway Construction Group Bhd (SUNCON) are set for a cash windfall as the group declared its maiden special dividend of 23 sen per share — payable on Jan 8, 2026 — since its listing. Coupled with the third interim dividend of 6.25 sen per share — payable on Dec 23, this brings to a total payout of 29.25 sen per share in the third quarter ended Sept 30, 2025 (3QFY2025). For 9MFY2025, the dividend payout amounts to a record 41.5 sen per share. Driven by various data centre projects, SunCon’s net profit surged 80.3% to RM83.78 million for 3QFY2025 from RM46.47 million a year earlier, while revenue grew 67% to RM1.45 billion from RM865.33 million. — SunCon declares 29.25 sen dividend in 3Q as net profit leaps 80% on data centre jobs

Hap Seng Consolidated Bhd (HAPSENG)’s net profit fell 22% y-o-y to RM151.11 million in 3QFY2025, from RM193.11 million on the back of lower contributions from its property and plantation divisions. Besides the two segments, the conglomerate is also involved in credit financing, automotive, building materials, and trading businesses. Quarterly revenue dropped 7% to RM1.37 billion compared with RM1.48 billion. No dividend was declared for the quarter. — Hap Seng Consolidated’s 3Q net profit down 22% on weaker property and plantation contributions

Gas Malaysia Bhd’s (GASMSIA) net profit fell 18% y-o-y to RM95.08 million in 3QFY2025, RM115.99 million due to lower volume of natural gas sold and average natural gas profit margin. Higher administrative expenses, finance costs and lower share of profits from joint ventures companies also dragged profits. Quarterly revenue declined by 12.05% y-o-y to RM1.87 billion, from RM2.13 billion, dragged by lower average natural gas selling price and lower volume of natural gas sold. — Gas Malaysia’s 3Q net profit falls to two-year low on lower gas sales, higher costs

Velesto Energy Bhd’s (VELESTO) net profit rose 17% to RM50.16 million in 3QFY2025, from RM42.93 million a year ago, as higher rig utilisation and lower accounting charges offset a decline in revenue. Quarterly revenue fell 32% y-o-y to RM240.13 million, from RM352.36 million due to a project completion and lower average daily charter rates. It did not declare any dividend. — Velesto Energy’s 3Q net profit rises 17% on higher rig utilisation, lower accounting charges

Malaysian Pacific Industries Bhd’s (MPI) net profit surge 76.1% y-o-y RM53.05 million in the first quarter ended Sept 30, 2025 (1QFY2026), against RM30.13 million, driven by improved profit margins and higher sales. Quarterly revenue also expanded 22.9% to RM634.84 million from RM516.57 million previously. It declared an interim dividend of 10 sen per share, payable on Dec 19. — Malaysian Pacific Industries kicks off FY2026 on strong note, net profit jumps 76%

Sports Toto Bhd’s (SPTOTO) net profit almost halved to RM22.1 million for 1QFY2026, down 46.5% from RM41.34 million a year earlier, as weaker results from its numbers forecast business offset higher group revenue. Quarterly revenue rose 3.7% to RM1.5 billion from RM1.44 billion a year earlier, lifted by higher average sales per draw, also helped by bigger jackpot prizes. It declared a first interim dividend of two sen per share, payable on Jan 16. — Sports Toto 1Q net profit nearly halves on weaker lottery results

Buoyed by the gold rally, Tomei Consolidated Bhd (TOMEI) saw its net profit leap three times to RM22.51 million for 3QFY2025, compared with RM6.98 million in the same quarter a year ago. However, compared to 2QFY2025, net profit came down by 10.5% on lower revenue. Its net earnings hit a record high of RM27.8 million in 1QFY2025. Revenue for 3QFY2025 rose 24% to RM267.41 million from RM215.64 million previously. No dividend was declared for the quarter. — Gold rush sees Tomei’s 3Q profit triple on-year, but down 10.5% on-quarter

Oil and gas (O&G) services provider Deleum Bhd’s (DELEUM) net profit decline 11.9% y-o-y to RM22.09 million in 3QFY2025 from RM25.07 million, mainly due to reduced contributions from its power and machinery (P&M) segment, and higher operating expenses. Quarterly revenue, however, rose 3.3% to RM278.07 million from RM269.22 million, driven by stronger activity in the oilfield integrated services segment, particularly from increased slickline, specialty chemical and maintenance services. — Deleum’s 3Q net profit drops 11.9% on weaker power and machinery segment, higher expenses

Solarvest Holdings Bhd (SLVEST) has secured a RM320 million engineering, procurement, construction and commissioning (EPCC) contract to construct a 99.99MWac photovoltaic plant in Kampar, Perak, under the Large Scale Solar 5 (LSS5) programme. The contract was awarded to its wholly owned subsidiary Atlantic Blue Sdn Bhd (ABSB) by Wawasan Demi Sdn Bhd (WDSB) on Thursday. The project’s completion is scheduled for Oct 30, 2027. WDSB, whose business is principally in hydropower, is required to achieve financial close as part of the conditions precedent, including securing the necessary equity contribution and providing evidence of completion upon request. The company’s shareholders comprise Coral Energy Sdn Bhd (63%), Ambang Asli Sdn Bhd (19%) and Bertam Solar Power Sdn Bhd (18%). — Solarvest bags RM320m contract to build LSS5 solar plant in Perak

Source: Press Metal, Sime Darby Property, Affin Bank, KLCCP Stapled Group, SunCon, Hap Seng Consolidated, Gas Malaysia, Velesto Energy, MPI, Sports Toto, Tomei, Deleum and Solarvest