KUALA LUMPUR, 29 August 2025 – MAG Holdings Berhad (MAG), Malaysia’s leading prawn aquaculture group listed on the ACE Market of Bursa Malaysia, has reported its strongest performance to date, posting a record revenue of RM344.7 million and a net profit of RM47.0 million for the twelve months ended 30 June 2025 (12MFY2025). The results represent a 13% revenue increase and a 35% surge in net profit compared with the previous financial year, underpinned by resilient aquaculture growth and strategic farm acquisitions.
The strong topline was supported by sustained market demand, disciplined margin management, and scale efficiencies from newly acquired farms. Gross profit for the period climbed 22% to RM80.8 million, while profit before tax (PBT) edged up 6% to RM47.7 million, tempered by higher financing costs and one-off expenses related to acquisitions.
Quarterly Highlights
For the fourth quarter of FY2025 (4QFY2025), MAG recorded RM131.1 million in revenue, slightly lower than RM140.9 million a year earlier due to softer sales volumes. Gross profit declined 9.9% year-on-year to RM27.9 million. PBT fell 22.7% to RM17.4 million, weighed down by higher finance expenses and professional fees from the Wakuba II and Apas Parit farm acquisitions.
Despite this, net profit rose 15.4% year-on-year to RM17.2 million, supported by lower tax expense from capital tax allowances and favourable foreign exchange gains.
On a quarter-on-quarter basis, performance strengthened significantly, with revenue surging 75.5% from RM74.7 million in 3QFY2025, while PBT nearly doubled, lifted by stronger sales activities and foreign exchange gains.
Solid Financial Position
As at 30 June 2025, MAG maintained a healthy balance sheet with RM171.9 million in cash and bank balances. Borrowings rose to RM310.2 million, reflecting financing drawdowns for its newly acquired farms. Net gearing remained comfortable at 0.16x, while its current ratio improved sharply to 5.0x from 2.2x a year earlier. Shareholders’ funds stood at RM870 million, reinforcing its strong financial footing.
Strategic Outlook
Executive Chairman Ng Min Lin said the record-breaking results highlight the resilience of MAG’s integrated aquaculture and food trading operations.
“While earnings were impacted by one-off acquisition costs and higher financing expenses, these are strategic investments that will boost capacity, enhance economies of scale, and create long-term shareholder value,” he said.
Looking ahead, MAG is positioning itself as a future-ready aquaculture leader by adopting smart farming technologies to raise efficiency, improve sustainability, and ensure consistent output. The Group also aims to widen its distribution network through active marketing and new distributor appointments, targeting growth in both domestic and regional markets.
“By combining operational discipline with innovation, we are confident that our initiatives will strengthen profitability, reinforce our market leadership in prawn aquaculture, and ensure sustainable growth in an uncertain economic environment,” Ng added.
