Last updated on December 25, 2025
KUALA LUMPUR: Tin miner and metal producer Malaysia Smelting Corporation Berhad (MSC) has posted revenue of RM379.0 million for the second quarter ended 30 June 2025 (2QFY25), compared to RM410.8 million in the same period last year, mainly due to lower sales of refined tin and a drop in average tin price to RM139,800 per metric tonne (MT) from RM153,400 per MT in 2QFY24.
The decline was partly offset by higher sales of tin-bearing slag and by-products, resulting in a net profit of RM13.9 million (2QFY24: RM16.7 million).
By segment, the tin mining division recorded a profit after tax (PAT) of RM21.4 million (2QFY24: RM24.9 million), while the tin smelting division registered a loss after tax of RM6.3 million, versus a PAT of RM4.7 million in the prior year. The smelting loss was attributed to reduced feedstock from third-party sources due to China’s tin ore stockpiling and an unplanned three-month gas supply interruption at the Pulau Indah Smelter following a gas pipeline fire at Putra Heights.
For the first half of FY25 (1HFY25), MSC reported revenue of RM748.7 million (1HFY24: RM773.3 million) and net profit of RM21.7 million (1HFY24: RM35.0 million), impacted by lower refined tin sales and a one-off additional tax assessment on subsidiary Rahman Hydraulic Tin Sdn. Bhd. by the Inland Revenue Board.
“The global economic environment remains challenging, shaped by ongoing policy uncertainties, inflationary pressures, and evolving trade dynamics. While external factors have led to increased cost pressures across industries, we continue to navigate the landscape with prudence and adaptability,” said Dato’ Dr. Patrick Yong, Group Chief Executive Officer of MSC.
“We remain focused on strengthening our competitiveness through operational improvements, technological adoption, workforce efficiency, and exploring new growth opportunities within our smelting and mining segment. With the Pulau Indah plant now fully operational, our next step is the planned decommissioning of the Butterworth facility. This transition is expected to deliver cost savings and improve overall efficiency, supported by lower energy and manpower requirements, while also aligning with our sustainability goals.”
On a quarter-on-quarter basis, revenue rose 2.5% from RM369.8 million in 1QFY25, mainly driven by higher sales of tin-bearing slag and by-products. Net profit surged 80.5% from RM7.7 million in the previous quarter, aided by a favourable product mix and the absence of the one-off tax expense.
The Board declared an interim single-tier dividend of 4 sen per share for 2QFY25, amounting to RM33.6 million in total payout.
