공시 • Apr 23
Topmix Berhad, Annual General Meeting, May 25, 2026 Topmix Berhad, Annual General Meeting, May 25, 2026, at 10:00 Singapore Standard Time. Location: emerald 1 & 2, level 1, sunway big box hotel, persiaran medini 5, sunway city iskandar puteri, 79250 iskandar puteri, johor darul ta`zim, Malaysia Declared Dividend • Feb 14
Final dividend increased to RM0.006 Dividend of RM0.006 is 20% higher than last year. Ex-date: 2nd March 2026 Payment date: 17th March 2026 Dividend yield will be 2.1%, which is lower than the industry average of 4.2%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (30% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to decline by 79% to shift the payout ratio to a potentially unsustainable range, which is more than the 58% EPS decline seen over the last 5 years. Reported Earnings • Nov 13
Third quarter 2025 earnings released: EPS: RM0.016 (vs RM0.009 in 3Q 2024) Third quarter 2025 results: EPS: RM0.016 (up from RM0.009 in 3Q 2024). Revenue: RM28.3m (up 13% from 3Q 2024). Net income: RM6.28m (up 84% from 3Q 2024). Profit margin: 22% (up from 14% in 3Q 2024). The increase in margin was driven by higher revenue. Declared Dividend • Aug 22
First half dividend of RM0.004 announced Shareholders will receive a dividend of RM0.004. Ex-date: 4th September 2025 Payment date: 3rd October 2025 Dividend yield will be 2.1%, which is lower than the industry average of 4.2%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (27% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to decline by 79% to shift the payout ratio to a potentially unsustainable range, which is more than the 59% EPS decline seen over the last 5 years. Reported Earnings • Aug 21
Second quarter 2025 earnings released: EPS: RM0.01 (vs RM0.009 in 2Q 2024) Second quarter 2025 results: EPS: RM0.01 (up from RM0.009 in 2Q 2024). Revenue: RM25.4m (up 1.2% from 2Q 2024). Net income: RM4.01m (up 17% from 2Q 2024). Profit margin: 16% (up from 14% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Reported Earnings • May 30
First quarter 2025 earnings released: EPS: RM0.008 (vs RM0.009 in 1Q 2024) First quarter 2025 results: EPS: RM0.008. Revenue: RM22.1m (up 2.0% from 1Q 2024). Net income: RM3.06m (up 8.0% from 1Q 2024). Profit margin: 14% (in line with 1Q 2024). New Risk • May 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 9.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (20% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.2% average weekly change). Market cap is less than US$100m (RM157.5m market cap, or US$37.1m). 공시 • Apr 29
Topmix Berhad, Annual General Meeting, May 29, 2025 Topmix Berhad, Annual General Meeting, May 29, 2025, at 10:00 Singapore Standard Time. Location: emerald 1 & 2, level 1, sunway big box hotel, persiaran medini 5, sunway city iskandar puteri, 79250 iskandar puteri, johor darul ta`zim, Malaysia New Risk • Mar 04
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.2% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (RM189.1m market cap, or US$42.3m). New Risk • Feb 21
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risk Market cap is less than US$100m (RM193.0m market cap, or US$43.7m). New Risk • Nov 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Market cap is less than US$100m (RM193.0m market cap, or US$43.2m). Board Change • Apr 23
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Executive Director Lee Tan is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.