Press Metal Aluminium Holdings Bhd, a Malaysia-based largest aluminium smelter in Southeast Asia, has announced its Q2 2025 financial results, with revenue closing at RM 4.19 billion from RM 3.95 billion. Y-o-Y, a significant growth of 6 per cent was recorded, backed by higher sales volume. Q-o-Q, the revenue also surged by 7.7 per cent from RM 3.89 billion in Q1 2025.
As a result, profit after tax and minority interests (PATAMI) eased 4 per cent to RM 483.6 million in 2Q FY2025. From January to June (H1 2025), the total revenue arrived at RM 8.08 billion (USD 1.78 billion )compared to RM 7.56 billion for the same period last year (H1 2024), reflecting a Y-o-Y hike of 6.9 per cent, and PATAMI inched up 3 per cent to RM945.3 million, reflecting steady demand and the company’s resilience despite market challenges.
However, profitability faced some headwinds as raw material costs weighed on margins. The company drew down inventory purchased at elevated prices, while softer contributions from associates and a heavier tax load added further pressure.
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Alongside its results, Press Metal declared a second interim dividend of 2.0 sen per share, scheduled for payment on 29 September 2025. Group Chief Executive Officer, Tan Sri Paul Koon, noted that while global trade tensions have shown early signs of easing, uncertainty in the broader macroeconomic landscape continues to temper market sentiment.
“Many manufacturers remain cautious, expecting that the US administration may still adjust or provide exemptions to the existing tariff framework, which keeps buyers hesitant,” he said.
Even so, Koon highlighted that demand for aluminium has grown modestly year-on-year in the first half of 2025. He added that tight global supply, coupled with fragile stability in the face of geopolitical risks, has provided a floor for aluminium prices despite the challenging environment.
“Furthermore, lower raw material prices are positive for our smelting operations. At this point, the impact of tariffs on US inflation, and consequently on forward consumer demand, remains uncertain. Current demand is supported primarily by renewable energy-related applications and just-in-time inventory replenishment. However, the anticipated US rate cut and various government stimulus measures could inject some optimism into global growth later. Given aluminium’s unique properties such as light weight, corrosion resistance, thermal and electrical conductivity, non-magnetic nature, and heat dissipation, renewable energy industries, along with emerging sectors such as artificial intelligence and data centres, are poised to be essential demand drivers,” added Tan Sri Paul Koon.
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