Kossan Rubber Industries (KLSE) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 rose to RM487.4 million, up from RM451.6 million in Q1 2024, reflecting improved sales performance.

• Net profit after tax increased to RM36.0 million from RM32.0 million year-over-year, indicating stronger profitability.

• Total comprehensive income attributable to shareholders reached RM35.7 million, up from RM31.5 million in the prior year.

Financial highlights

• Operating profit for Q1 2025 was RM47.9 million, compared to RM41.0 million in Q1 2024.

• Basic/diluted EPS improved to 1.40 sen from 1.23 sen year-over-year.

• Net assets per share increased to 143.92 sen as at 31 March 2025, up from 142.84 sen at 31 December 2024.

• Cash and bank balances stood at RM926.3 million at quarter-end, down from RM976.1 million at year-end 2024.

Capital allocation and financing

• RM15.5 million was used for treasury share purchases during the quarter.

• Net cash used in financing activities totaled RM67.1 million, mainly due to treasury share purchases and repayment of bank borrowings.

• Cash and cash equivalents decreased by RM49.8 million during the quarter.