1. Malaysia Stocks

  2. •

    Producer manufacturing

  3. •

    Metal fabrication
Malaysia Smelting Corp. Bhd.

Malaysia Smelting Corp. Bhd.

1.61
MYR
-0.03
(-1.83%)
11.57P/E
Nov 13Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.98
2.39
1.83
1.85
1.8
1.6
1.23
1.02
1.29
1.79
1.71
2.01
2.09
2.51
Basic EPS, GAAP
0.02
-0.01
-0.01
0.04
0.02
0.04
0.04
0.02
0.14
0.12
0.1
0.09
0.1
0.16
Free Cash Flow per Basic Share
0.02
0.01
-0.04
- -
-0.15
0.07
0.04
-0.15
- -
0.27
0.18
0.08
0.07
0.09
Dividend per Share
- -
- -
- -
- -
0.01
0.01
0.01
0.01
- -
0.04
0.07
0.16
0.08
0.04
Book Value per Share
0.28
0.29
0.3
0.35
0.36
0.43
0.46
0.49
0.69
0.86
0.9
0.84
0.87
0.89
Tangible Book Value per Share
0.27
0.28
0.29
0.34
0.36
0.43
0.46
0.49
0.69
0.69
0.73
0.67
0.7
0.89
Basic Weighted Avg Shares
800
800
800
800
800
800
800
800
834
840
840
840
840
840
Sales/Revenue/Turnover
1,582
1,915
1,465
1,478
1,436
1,281
984
813
1,077
1,504
1,436
1,692
1,759
2,105
Operating Margin (%)
6.32
3.89
4.96
6.35
2.88
5.32
5.84
6.41
18.67
9.65
8.46
8.3
7.96
10.82
Depreciation Expense
8
8
9
11
15
17
19
17
12
11
13
14
15
- -
Net Income, GAAP
17
-10
-5
34
16
34
31
15
118
98
85
79
82
137
Effective Tax Rate (%)
32.29
49.64
248.24
30.65
42.96
31.11
31.3
39.43
25.18
29.36
24.42
29.14
30.34
23.31
Profit Margin (%)
1.06
-0.52
-0.33
2.32
1.12
2.68
3.12
1.86
10.97
6.54
5.92
4.69
4.66
6.52
Working Capital
-12
50
33
114
77
159
203
192
345
437
456
392
396
399
LT Debt
25
5
- -
50
- -
49
77
54
44
73
47
32
18
11
Total Equity
181
234
241
279
291
348
369
393
581
777
816
776
802
823
Return on Invested Capital (%)
11.54
6.78
-18.01
10.34
3.44
6.43
5.49
3.94
14.87
9.02
7.94
8.51
8.31
13.69
Return on Capital (%)
5.3
-0.36
-4.22
6.88
3.59
6.42
5.87
3.17
12.99
9.72
7.51
6.77
7.03
10.25
Return on Common Equity (%)
7.39
-4.32
-2.02
13.2
5.65
10.74
8.56
3.98
24.24
15.13
11.55
10.86
11.38
19.02

Capital Structure

MYR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
366
449
442
LT Borrowings
14
11
8
LT Finance Leases
4
4
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
840
840
840
Market Capitalization
1,344
1,571
1,588

Working Capital

MYR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,008
1,138
1,146
Cash, Cash Equivalents & STI
226
195
132
Accounts Receivable, Net
10
1
61
Inventories
679
731
855
Total Current Liabilities
612
702
747
Payables & Accruals
- -
- -
- -
ST Debt
366
449
442
Deferred Revenue
- -
- -
- -

Growth Rates

MYR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.71%
16.99%
3.4%
Free Cash Flow
1,125.65%
1,579.2%
-10.36%
Net Income, GAAP
-17.24%
128.98%
3.21%
Sales/Revenue/Turnover
3.61%
17.86%
3.97%
Total Cash Common Dividend
- -
150.96%
-51.61%

Quarterly Revenue

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
362
411
470
448
1,692
2025
370
379
530
481
1,759
2026
457
637
- -
- -
- -

Quarterly Earnings Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.02
0.02
0.04
0.09
2025
0.01
0.02
0.02
0.05
0.1
2026
0.05
0.04
- -
- -
- -

Quarterly Dividends Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.12
0.16
2025
- -
- -
0.04
- -
0.08
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Abdul Aziz Othman
Full Time Employees
1,274
Sector
Producer manufacturing
Industry
Metal fabrication
Address
Lot 6, 8 and 9, Jalan Perigi Nanas 6/1 Pulau Indah KUL Malaysia 42920
IPO Date
Dec 15, 1994
Website
msmelt.com
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Business
Malaysia Smelting Corporation Berhad Malaysia Smelting Corporation Berhad is a Malaysia-based investment holding company primarily engaged in the smelting of tin concentrates and tin-bearing materials; the production, sale, and delivery of refined tin metal and by-products under the MSC Straits Refined brand registered on the London Metal Exchange and Kuala Lumpur Tin Market; tin mining through subsidiaries such as Rahman Hydraulic Tin Sdn. Bhd.; and investments in other metal and mineral resource companies, along with tin warehousing, property holding, and rental activities. The company offers various grades of refined tin metal, including standard Grade A (99.85% Sn) and premium electrolytic tin (99.99% Sn), produced via its efficient top submerged lance (TSL) furnace, crystallizers, electrolysis plants, and vacuum distillation units at its key Butterworth facility, one of the world's largest custom smelting operations established in 1902. It operates in three main segments—Tin Smelting, Tin Mining, and Others—serving global end-user markets with products sold on major exchanges, while maintaining an open-pit eluvial tin mine in Malaysia. Founded in 1887 and headquartered in Port Klang, Malaysia, the company traces its smelting origins to 1902 in Butterworth and was formally incorporated in 1955 to take over predecessor tin smelting businesses, with subsidiaries including MSC Properties Sdn. Bhd., M Smelt (C) Sdn. Bhd., Asas Baiduri Sdn. Bhd., and SL Tin Sdn. Bhd. Geographically, Malaysia Smelting Corporation Berhad focuses operations primarily in Malaysia, with its refined tin accepted worldwide across industries such as electronics, soldering, chemicals, and plating. Recent developments include the announcement of structured warrants listed under the stock name MSC-CT to enhance shareholder value; a proposed bonus issue of new shares without cash payment; and sustained Q2 2025 earnings of RM13.9 million despite revenue pressures, alongside quarterly results for the period ended September 30, 2025, and an interim dividend declaration with notice of book closure, reflecting ongoing strategic focus on core tin operations amid market fluctuations.