Malayan Flour Mills Bhd (MFM) has declared a first interim dividend of two sen per share after its first-half (1H26) net profit jumped 39.7% year-on-year to RM85.4 million from RM61.2 million, despite a 3.7% decline in revenue to RM1.54 billion.
For the second quarter ended June 30, 2026, net profit surged 53% to RM42.9 million from RM28.1 million, extending MFM’s run to five consecutive quarters of year-on-year earnings growth.
The stronger quarter was driven by higher profits from its Flour and Grain Trading segment, alongside improved contributions from joint ventures PT Bungasari Flour Mills in Indonesia and Dindings Tyson Sdn Bhd under the Poultry Integration segment.
Quarterly revenue eased marginally to RM798.7 million from RM800.2 million due to lower selling prices in line with weaker wheat prices. However, stronger flour demand in Malaysia and Vietnam, coupled with lower raw material costs, helped lift margins.
PT Bungasari’s profit after tax rose more than fivefold to RM15.6 million, while Dindings Tyson’s profit after tax nearly quadrupled to RM17.1 million, supported by higher demand and stronger modern trade sales.
Executive Deputy Chairman and Managing Director Teh Wee Chye said improvements across all key businesses gave MFM a solid base heading into the second half of 2026.
The two sen interim dividend, up from 1.5 sen a year earlier, will be paid on Sept 25, 2026, with an ex-date of Sept 11. The RM24.7 million payout represents 29% of MFM’s 1H26 net profit.
