MFM posts almost fivefold jump in 3Q profit to RM35.8mil

KUALA LUMPUR: Malayan Flour Mills Bhd’s (MFM) net profit surged almost fivefold to RM35.8mil in the third quarter ended Sept 30 (3Q25) compared with RM7.34mil a year earlier.

MFM said it achieved significant improvement in operating profit amounted to RM53.6mil in 3Q25 against RM36.6mil in 3Q24, which was mainly contributed by the flour and grain trading segment.

The group's share of profit in equity accounted joint ventures in 3Q25 amounted to RM3mil as compared to a share of loss RM13mil in 3Q24.

Its quarterly revenue, however, fell 3.3% to RM773.1mil from RM799.2mil previously, mainly due to lower selling prices in the flour and grain trading segment despite higher sales volume.

For the nine months to Sept 30, MFM posted a net profit of RM96.9mil, up 51.3% from RM64.1mil while revenue climbed 3.03% to RM2.37bil against RM2.3bil posted last year.

MFM noted that wheat and grain prices remain volatile, continuing to be affected by persistent macroeconomic and geopolitical uncertainties.

“The company will continue to monitor the impact of commodity prices arising from the global supply and demand dynamics and adjust selling prices accordingly and to diversify the sources of wheat, corn and soybean meal,” it said.

Additionally, MFM said the removal of chicken subsidies and ceiling prices is viewed as a positive development for producers once poultry supply and demand return to equilibrium.

“However, this equilibrium has been impacted by the weather, which impacts poultry output and import of poultry products from neighbouring countries.

“With the expected recovery in the demand and our synergistic partnership with Tyson International Holding Company, the Company is optimistic of its outlook for 2025 and beyond,” it added.