Tex Cycle quarterly net profit rises

PETALING JAYA: Tex Cycle Technology (M) Bhd’s net profit rose 20.6% in the second quarter ended June 30 (2Q25) to RM3.02mil, up from RM2.5mil in the same quarter last year.

This translates to an earnings per share of 1.15 sen in 2Q25, compared with 0.99 sen a year earlier.

The waste management and recycling solutions provider’s revenue increased to RM8.6mil from RM8.2mil, supported by contributions across its trading and renewable energy divisions.

For the first six months to June 30, Tex Cycle posted a net profit of RM5.2mil, down 43.2% from RM9.1mil while revenue climbed to RM17.5mil against RM16.2mil last year.

Group chief executive officer Gary Dass Anthony Francis said it is pleased with its resilient performance for the first half of the year, which reflects the strength of its core operations.