MSM Malaysia Holdings Berhad Full Year 2024 Earnings: Misses Expectations

Simply Wall St

February 25, 2025

MSM Malaysia Holdings Berhad (KLSE:MSM) Full Year 2024 Results

Key Financial Results

Revenue: RM3.54b (up 15% from FY 2023).
Net income: RM31.3m (up from RM49.9m loss in FY 2023).
Profit margin: 0.9% (up from net loss in FY 2023). The move to profitability was driven by higher revenue.
EPS: RM0.044 (up from RM0.071 loss in FY 2023).

revenue-and-expenses-breakdown — KLSE:MSM Revenue and Expenses Breakdown February 25th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

MSM Malaysia Holdings Berhad Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 7.3%.

In the last 12 months, the only revenue segment was Sugar contributing RM3.54b. Notably, cost of sales worth RM3.33b amounted to 94% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to RM82.3m (45% of total expenses). Explore how MSM's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Food industry in Malaysia.

Performance of the Malaysian Food industry.

The company's shares are down 15% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for MSM Malaysia Holdings Berhad that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.