DXN earmarks RM500mil capex for FY27 expansion

PETALING JAYA: DXN Holdings Bhd will be deploying up to RM500mil in planned capital expenditure for financial year 2027 to strengthen its vertically integrated global platform.

In a statement, group chief executive officer Prajith Pavithran said this includes expanding manufacturing capacity across Malaysia, Brazil, Morocco, Peru and Bolivia; developing plantation initiatives in Bolivia, Brazil and Malaysia to enhance raw-material security and cost resilience; and accelerating market development across new and underpenetrated markets, particularly in Africa and Europe. 

For its first quarter ended May 31, 2026, DXN’s net profit dropped to RM58.53mil from RM73.91mil in the previous corresponding quarter, while revenue slipped to RM443.03mil from RM479.06mil a year earlier.

DXN said the lower revenue was mainly due to softer sales as customers increased inventory following stock replenishment ahead of price increases in several major markets.

DXN declared a first interim dividend of 0.60 sen per ordinary share for the financial year ending Feb 28, 2027, amounting to approximately RM29.8mil, payable on Aug 28, 2026.

PETALING JAYA: DXN Holdings Bhd will be deploying up to RM500mil in planned capital expenditure for financial year 2027 to strengthen its vertically integrated global platform.

In a statement, group chief executive officer Prajith Pavithran said this includes expanding manufacturing capacity across Malaysia, Brazil, Morocco, Peru and Bolivia; developing plantation initiatives in Bolivia, Brazil and Malaysia to enhance raw-material security and cost resilience; and accelerating market development across new and underpenetrated markets, particularly in Africa and Europe. 

For its first quarter ended May 31, 2026, DXN’s net profit dropped to RM58.53mil from RM73.91mil in the previous corresponding quarter, while revenue slipped to RM443.03mil from RM479.06mil a year earlier.

DXN said the lower revenue was mainly due to softer sales as customers increased inventory following stock replenishment ahead of price increases in several major markets.

DXN declared a first interim dividend of 0.60 sen per ordinary share for the financial year ending Feb 28, 2027, amounting to approximately RM29.8mil, payable on Aug 28, 2026.