Kuala Lumpur: MSM Malaysia Bhd says it is optimistic about improved prospects in 2026, supported by lower raw sugar prices, even as the group continues to face challenges in the current financial year.
Acting group CEO Hasni Ahmad said that the group continues to strengthen its domestic footprint while moderating refined sugar export volumes in response to soft global prices. In addition, ongoing operational streamlining and optimisation efforts are being undertaken to support the Group’s return to profitability, reported The Star.
For the third quarter ended Sept 30, 2025, MSM narrowed its net loss to RM4.6 million from RM49.76 million in the same quarter last year. Net loss per share fell to 0.65 sen from 7.08 sen.
Quarterly revenue, however, slipped to RM748.9 million from RM861.44 million a year earlier, mainly due to reduced export sales volume.
Over the nine-month period, the producer of Gula Prai refined sugar reported a net loss of RM30.62 million compared with RM40.44 million previously. Revenue for the period fell to RM2.31 billion from RM2.6 billion, reflecting a lower average selling price despite a slight increase in sales volume.
MSM said its average selling price, including incentives, declined 11% compared to the same period last year due to lower New York No. 11 raw sugar futures prices, foreign exchange impact, and lower export and industry premiums.
During the period under review, the group posted a utilisation factor of 45%, down from 49% in the third quarter of 2024, due to a controlled production strategy focused on producing according to demand. It noted, however, that operational efficiency remained stable at 95%.
