Topmix posts higher Q1 net profit of RM3.41mil, commits to 20pct dividend payout

JOHOR BAHRU: Decorative surface solutions provider Topmix Bhd (Topmix) kicked off the first quarter ended March 31, 2026, (Q1 2026) with an 11.5 per cent year-on-year (YoY) increase in profit after tax and minority interest (Patami) to RM3.41 million.

The group also marked a significant milestone by formalising its maiden dividend policy, pledging to distribute an annual payout of at least 20 per cent of its consolidated normalised Patami with immediate effect.

Topmix, in a statement today, announced that its Q1 revenue grew 14.5 per cent YoY to RM25.3 million from RM22.1 million in the previous corresponding quarter, anchored by sustained demand for its high-pressure laminate products.

The segment registered a 12.9 per cent revenue growth to RM22.6 million, accounting for 89.4 per cent of the total revenue, aided by the impact of its new catalogue launched since July 2025.

Meanwhile, its melamine-faced chipboard (MFC) segment doubled its revenue to RM1 million, driven by deeper market penetration and growing product adoption.

Backed by higher volume contribution and a favourable product mix, Topmix’s gross profit expanded 28.9 per cent YoY to RM11.5 million from RM8.9 million previously.

Topmix managing director Teo Quek Siang said the group is pleased to deliver double-digit growth despite a higher base effect for the HPL segment.

“Building on the HPL products revenue growth of eight per cent in 2025 and this quarter’s 13 per cent, we are hopeful that our new catalogue will further widen our reach, boost product awareness, and drive higher sales,” he said.

Teo highlighted that beyond its strong roots in Malaysia, Topmix is witnessing broader adoption of its products across Southeast Asia, including successful market penetration into Thailand, Singapore, the Philippines, and Indonesia.

Moving forward, he said, the group remains focused on solidifying its position as a renowned brand owner.

Regarding its outlook, Topmix’s growth strategies include expanding its product portfolio, particularly its value-added handleless door panels, while continuing to strengthen the market presence of its MFC products.

Vertically, the group plans to establish an end-to-end renovation platform to provide comprehensive renovation solutions and ensure long-term business sustainability.

Topmix will also continue to prudently expand its footprint across Southeast Asia while strategically navigating ongoing macroeconomic uncertainties, Teo added.

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المصدر: New Straits Times