PETALING JAYA: Integrated chemical group Ancom Nylex Bhd posted revenue of RM1.93 billion for the financial year ended May 31, 2026 (FY26), compared to RM1.87 billion recorded last year.
Growth was driven by the Industrial Chemicals segment, which commanded higher average selling prices in tandem with the rise in crude oil prices.
Revenue from the Industrial Chemicals segment improved 5.8% year-on-year (YoY) to RM1.22 billion in FY26 from RM1.15 billion a year ago.
Earnings before interest and tax (EBIT) for this segment jumped to RM55.1 million, compared to RM27.8 million in FY25, supported by stronger profit margins and greater operational efficiency in the distribution business.
Meanwhile, the Agrichem segment’s revenue and EBIT for the financial year under review came in at RM510.7 million and RM93.5 million, respectively.
The division’s underlying demand growth was, however, masked by the weaker US dollar (USD), which reduced the ringgit value of its USD-denominated revenue.
On the other hand, Ancom Nylex reported its highest-ever profit before tax (PBT) in FY26 at RM118.6 million, a rise of 19.6% YoY from RM99.1 million in the prior year.
In tandem, the group’s net profit rose 28.3% YoY to RM81.4 million in FY26 versus RM63.5 million last year.
More notably, this broadly matched the record of RM81.5 million posted in FY24 amid the demanding conditions.
Managing director and group CEO Datuk Lee Cheun Wei said the group’s earnings have broadly matched its all-time high bottom-line performance in FY26 despite heightened market uncertainties and persistent headwinds.
“This was anchored by our Industrial Chemicals segment. Our Agrichem division also delivered healthy underlying demand growth, though this was masked by the weaker US Dollar, which reduced the Ringgit value of its export revenue.
“At the same time, the Middle East conflict has kept freight and input costs elevated across the industry,” he said.
Turning to the Agrichem segment, Lee said the outlook is promising, supported by healthy demand and sustained favourable crop prices.
“Encouragingly, orders for our core active ingredient (AI) product for soybean application have begun flowing in following the label approval secured earlier this year.
“We are optimistic about this new market — Brazil’s total soybean planted area is around five times that of sugarcane, which we serve — and we expect demand to gradually gather pace.
“Importantly, we have the capacity in place to capture these opportunities,” he said.
On the corporate front, Lee said Ancom Nylex has been included as a constituent of the FTSE4Good Bursa Malaysia Index and FTSE4Good Bursa Malaysia Shariah Index in the latest June 2026 semi-annual review, with a 4-star ESG rating — the highest grading band.
“This is a recognition of our increasing emphasis and efforts on the ESG front, and a testament to our sustainability journey thus far.
“We will continue to embed sustainability across our operations as we pursue sustainable, responsible growth,” Lee said.
The group’s Q4 FY26 revenue improved 32.5% YoY to RM608.9 million from RM459.4 million a year ago.
Ancom Nylex recorded its all-time high quarterly PBT at RM38.5 million, an increase of 39.7% YoY from RM27.5 million in the previous year.
Correspondingly, net profit jumped 46.6% YoY to RM25.0 million vis-à-vis RM17.1 million in Q4 FY25.
The improvements were primarily attributed to the Industrial Chemicals segment performance.
In terms of dividends, the board has proposed a third interim single-tier dividend of 0.5 sen per ordinary share along with a distribution of treasury shares on the basis of one treasury share for every 200 shares in respect of FY26.
To recap, Ancom Nylex rewarded shareholders in FY26 with a first interim dividend of 1.0 sen per share, as well as a second interim dividend by way of distribution of treasury shares on the basis of 1 treasury share for every 100 shares.
