KUALA LUMPUR, 25 MARCH 2025 – MCEHOLDINGS BERHAD (“MCE” or the “Company”), announced its financial results for the second financial quarter ended 31 March 2025 (“2QFY2025“)today. MCE and its subsidiaries (the “MCEGroup”or the “Group”) are engaged in the engineering and manufacturing of automotive electronic and mechatronics systems for local and international markets.

In 2Q FY2025, the Group achieved revenue of RM34.3 million, a 14% decline year-over-year (“YoY”) due to the festive seasons in December and January, which resulted in fewer working days. However, profit after tax and minority interest (“PATAMI”) surged 112% to RM9.6 million after factoring in a gain on the disposal of property. For the six-month cumulative period (“6M FY2025”), the Group achieved revenue of RM75.7 million and net profit of RM14.4 million.

Along with this set of results, the Company declared a first interim dividend amounting 6.0 sen per share, payable on 15 May 2025, which represents an 85% dividend payout ratio for 2Q FY2025. The board has considered the Group’s future cash flow, working capital requirements and capital investment plans to strike a balance between reinvestment for growth and rewarding shareholders.

Moving forward, MCE remains committed to maintaining a healthy dividend payout, aligning shareholder rewards with the Group’s financial performance and capital management priorities.

Group Managing Director of MCE, Dr Goh Kar Chun <吴佳骏医生>, said: “We remain focused on future growth by continuously expanding our market reach and strengthening our global footprint. The Group recently secured a major contract to supply mechatronics components to JVIS USA LLC, a Michigan-based automotive supplier for the original equipment manufacturing market. This represents a significant breakthrough into the sizable US market. This win reaffirms our ability to deliver high-quality, cost-effective technology solutions to leading automotive players worldwide. Looking ahead, MCE is well-positioned to benefit from the global re-positioning of manufacturing facilities to ASEAN, with more carmakers planning to establish assembly operations in Malaysia. At the same time, non-automotive players are increasingly sourcing from the region, creating additional opportunities. We are also diversifying beyond the automotive sector through a joint venture focus on non-automotive contract manufacturing, covering a range of products, including die-cut machines, precision tools, and packaging solutions for the cosmetics industry.

As new markets open up and we prepare to commission our expanded capacity at the Serendah facility in the coming months, we are well-positioned to capitalise on emerging opportunities and drive sustainable growth. FYE 2025 is a foundation-building year where we lay the groundwork for next phase of transformation for long-term success,” he added.