PETALING JAYA: Muda Holdings Bhd returned to the black in the second quarter ended June 30, 2026 (Q2’26), posting a net profit attributable to shareholders of RM751,000 compared with a net loss of RM16.68 million a year earlier, as lower paper, energy, administrative and finance costs lifted margins.
Revenue rose 2.5% to RM332.18 million from RM324.12 million in Q2’25, driven by higher tonnage sales, according to a filing with Bursa Malaysia.
The group’s gross profit surged 90.5% to RM51.12 million from RM26.84 million, while profit before tax turned around to RM1.15 million from a loss before tax of RM23.09 million previously. Gross profit margin improved to 15.39% from 8.28%.
Muda Holdings said the improved quarterly performance was mainly due to lower paper costs, a 5.9% reduction in energy costs, lower administrative expenses of RM1.7 million and lower finance costs of RM1.5 million.
For the first half of 2026 (H1’26), net profit stood at RM4.18 million against a net loss of RM34.49 million in the corresponding period last year, although revenue slipped 2.7% to RM657.89 million from RM676.05 million.
The lower H1 revenue was attributed to lower average selling prices despite higher sales volumes of corrugated cartons and boards. However, gross profit margin improved to about 15% from 7.8%, helped significantly by lower paper costs, a 10% reduction in energy costs at its paper mills, as well as lower finance and administrative costs.
Looking ahead, Muda Holdings said the outlook for the second half of 2026 remains challenging amid heightened geopolitical tensions in the Middle East, which are disrupting global supply chains, energy markets and international trade flows.
The group said it would continue to focus on cost management, product innovation, operational efficiency and automation initiatives to strengthen productivity and competitiveness.
