MAXLAND BERHAD: Navigating Turbulent Waters in Q3 FY2025
Malaysian retail investors, let’s dive deep into the latest financial performance of MAXLAND BERHAD for the third quarter ended 31 March 2025. This report paints a challenging picture, highlighting significant declines in revenue and an increase in losses, primarily driven by the tough timber market. However, the company is actively reviewing its strategic direction, signaling potential shifts ahead. What does this mean for the company’s future?
Overall Financial Performance: A Challenging Quarter
MAXLAND BERHAD faced considerable headwinds in the quarter ended 31 March 2025. The Group reported a substantial decrease in revenue and a widening of its losses compared to the same period last year. This downturn is largely attributed to the less favourable timber export market, impacting both production volume and selling prices.
3 Months Ended 31 March 2025
Revenue: RM10,270,000
Gross Loss: RM(14,005,000)
Loss Before Tax: RM(14,116,000)
Loss After Tax: RM(14,104,000)
Loss Attributable to Owners: RM(14,039,000)
Basic Loss Per Share: (0.88) sen
3 Months Ended 31 March 2024
Revenue: RM21,779,000 (53% decrease)
Gross Loss: RM(4,707,000) (198% increase in loss)
Loss Before Tax: RM(7,399,000) (91% increase in loss)
Loss After Tax: RM(7,408,000) (90% increase in loss)
Loss Attributable to Owners: RM(7,408,000) (89% increase in loss)
Basic Loss Per Share: (0.47) sen
The Group incurred losses after tax of RM14.10 million, a significant increase from the RM7.41 million loss recorded in the corresponding quarter of the previous year. The losses were mainly due to lower production volume and selling price of timber products as the timber export market was less favourable during the quarter. It’s worth noting that a tax case settlement contributed approximately RM3.3 million to non-operating income, which helped to partially offset some of the operational losses.
Quarter-on-Quarter Performance: Further Decline
Comparing the current quarter with
