Hextar Global anticipates sustained growth in agriculture segment in 2H

KUALA LUMPUR:  Hextar Global Bhd expects to build on the growth momentum of its agriculture segment in the second half of 2025 following a challenging first six months of the year.

"Looking ahead, we remain confident of a stronger performance in 2H25, underpinned by anticipated large speciality chemicals deliveries, seasonal gains from the fruits segment during the durian season, and sustained growth in agriculture,” said group managing director Lee Chooi Keng in a statement.

In 2QFY25, Hextar Global posted a net profit of RM15.93mil, down from RM19.16mil in the year-ago quarter. Earnings per share slipped to 0.41 sen from 0.49 sen previously.

The group reported revenue of RM177.52mil against RM212.96mil in 2QFY24 as it was impacted by softer demand in the speciality chemicals segment, which was partially cushioned by stronger contributions from the agriculture segment.

For the six-month period, the group's net profit contracted to RM29.44mil from RM31.3mil in 1HFY24, while revenue shrank to RM416.07mil from RM445.23mil in the comparative period.

The board declared an interim dividend of 0.5 sen per share, with ex-date on Sept 11, 2025, and payment on Oct 3, 2025.