Kuala Lumpur: Press Metal Aluminium Holdings Bhd’s net profit for the first quarter ended March 31, 2025 (1Q 2025), increased by 13.2 percent to RM461.76 million from RM408.03 million in the same period last year, primarily due to higher metal prices and stronger contributions from associated companies.

According to BERNAMA News Agency, revenue also saw a rise of 7.8 percent to RM3.89 billion from RM3.61 billion, attributed to the higher metal prices during the current year quarter under review. The company noted in a Bursa Malaysia filing that the improved contributions from associates supported the increase in profit after tax and minority interests (Patami), which climbed by 13.2 percent to RM461.77 million in 1Q FY2025.

Press Metal announced a first interim dividend of 2.0 sen per share for 1Q 2025, payable on June 24, 2025. This marks an increase from the 1.75 sen declared in 1Q 2024. Group chief executive officer Tan Sri Paul Koon highlighted the ongoing uncertainty surrounding US tariff policies and the potential implications following the 90-day pause in negotiations between the US and other countries.

Koon emphasized that assessing the full impact of these policies on the broader economy and consumer demand remains challenging. He mentioned the possibility of entering a period with more frequent supply shocks and disruptions to the global supply chain, which may influence global aluminium trade flows. Despite these challenges, Koon identified opportunities for Press Metal’s low-carbon aluminium products and the relocated manufacturing operations in the region.