KUALA LUMPUR: YX Precious Metals Bhd
’s net profit rose more than fourfold to RM7mil in the fourth quarter ended Dec 31, 2025, from RM1.6mil a year earlier.
The group said the stronger performance was mainly driven by higher gross profit, supported by an increase in gold jewellery selling prices, although this was partly offset by higher selling and distribution, as well as administrative expenses.
Its quarterly revenue rose 27.4% to RM65.2 mil from RM51.2 mil, while earnings per share climbed to 1.88 sen from 0.43 sen.
“The increase was mainly due to higher average gold jewellery selling price from both the wholesale and design and manufacture segments.
“However, this was reduced by a lower gold jewellery volume sold from the design and manufacture segment during the current quarter under review,” YX Precious Metals said in the notes accompanying its financial report.
For the full financial year ended Dec 31, 2025 (FY25), net profit more than doubled to RM15.5mil from RM7.2mil, while revenue rose 6.84% to RM247.5mil from RM231.6mil.
YX Precious Metals said business conditions are expected to remain challenging, weighed down by geopolitical risks, volatility in global gold prices, foreign exchange fluctuations and softer local jewellery demand
“The group remains vigilant and will take necessary measures to meet the challenges ahead. The group expects the financial performance for the financial year ending 2026 to be satisfactory,” it said.