KUALA LUMPUR: Press Metal
Aluminium Holdings Bhd remains cautious over the near-term outlook amid global macro and geopolitical headwinds, but sees sustained long-term demand for aluminium driven by green industries.
Group chief executive officer Tan Sri Paul Koon said global macro uncertainties, shifting trade policies, and ongoing geopolitical tensions continue to weigh on market sentiments, keeping the near-term outlook cautious.
“Nonetheless, structural demand from green sectors such as electric vehicles, solar infrastructure and grid investments together with consumer electronics, is underpinning long-term aluminium consumption.
“At the same time, market tightness arising from capacity constraints and regional supply imbalances is lending support to aluminium prices, with premiums rising in certain markets due to tariff measures and changes in regional metal flow,” he said in a statement.
Koon noted that the group continued to effectively maintain its market share across key export destinations, ensuring stable offtake for its products.
“On a more positive note, input costs have moderated, with alumina prices coming under downward pressure as new alumina refinery capacity comes online, helping to enhance cost competitiveness and support margin resilience moving forward,” he added.
In the third quarter ended Sept 30, 2025 (3Q25), Press Metal’s net profit surged 40% to RM563.3mil, or 6.84 sen per share, from RM402.3mil, or 4.88 sen per share, a year earlier.
Quarterly revenue rose 7.9% to RM4.1bil from RM3.8bil, largely attributable to increased sales volume and higher realised prices during the quarter.
Press Metal said input costs, in particular alumina, also eased considerably during the quarter compared to the same period last year. However, this was partially offset by lower contributions from associates.
For the nine months to Sept 30, net profit increased 14.6% to RM1.51bil compared with RM1.3bil previously, while revenue grew 7.2% to RM12.2bil from RM11.3bil.
Along with this set of results, Press Metal declared a third interim dividend of 2.0 sen per share, payable on Dec 24, 2025.