KUALA LUMPUR (Aug 26): Here is a brief recap of some business news and corporate announcements that made the headlines on Monday:

AEON Co (M) Bhd’s (KL:AEON) net profit for the second quarter ended June 30, 2025 (2QFY2025) fell 55.9% year-on-year (y-o-y) to RM12.27 million compared with RM27.85 million in 2QFY2024, due to weaker retail performance amid the absence of major festive celebrations. Quarterly revenue slipped 2.1% y-o-y to RM999.65 million from RM1.02 billion, dragged by a decline in its retail business, which was partly offset by an improvement in its property management services. No dividend was declared for the quarter. — AEON Co’s 2Q profit drops to lowest in nearly two years amid post-festive slump

Ajinomoto (Malaysia) Bhd’s (KL:AJI) net profit for the first quarter ended June 30, 2025 (1QFY2025) rose 27.7% to RM24.17 million from RM18.93 million in 1QFY2024, driven by higher sales revenue and lower cost of key materials. Quarterly revenue increased 5.52% y-o-y to RM180.9 million from RM171.44 million, lifted by both the company's consumer and industrial businesses. No dividend was declared for the quarter. — Ajinomoto posts 28% rise in 1Q net profit on higher sales, lower costs

Allianz Malaysia Bhd’s (KL:ALLIANZ) net profit for 2QFY2025 jumped 28.2% y-o-y to RM214.04 million from RM167.02 million in 2QFY2024, driven by stronger performance across both its general and life insurance segments. Quarterly revenue rose 10.9% to RM1.52 billion from RM1.37 billion. No dividend was declared for the quarter. — Allianz Malaysia's 2Q profit up 28%, buoyed by strong insurance performance

Avillion Bhd (KL:AVI) saw David Low Yi Ngo, son of Indonesian coal billionaire Low Tuck Kwong of PT Bayan Resources Tbk, buy a 9% stake in the cash-strapped company for an estimated RM9.25 million at seven sen per share — higher than the recent private placement price of four sen per share. Bayan Resources’ chief operating officer, Lim Chai Hock became Avillion’s second-largest shareholder after acquiring a 15% stake via a private placement earlier this month. — Indonesian coal tycoon’s son buys 9% of Avillion at premium post-private placement

Bank Islam Malaysia Bhd’s (KL:BIMB) net profit for 2QFY2025 declined 8.3% y-o-y to RM126.69 million from RM138.08 million in 2QFY2024, primarily due to compressions of net fund-based income margin, higher impairment provisions, operating overheads and financing costs. Quarterly total net income rose 10.7% y-o-y to RM696.62 million from RM629.11 million. No dividend was declared for the quarter. — Bank Islam's 2Q net profit down 8% on net fund-based income margin compression, higher costs

Elridge Energy Holdings Bhd’s (KL:ELRIDGE) net profit for 2QFY2025 rose 6.2% y-o-y to RM12.43 million from RM11.71 million in 2QFY2024, thanks to higher other operating income. Quarterly revenue was steady with a marginal 0.8% y-o-y increase to RM104.14 million from RM103.3 million, as palm kernel shell and wood pellet sales were largely flat. No dividend was declared for the quarter. — Elridge Energy's 2Q profit up 6% on other operating income

FGV Holdings Bhd (KL:FGV) will be delisted from Bursa Malaysia on Aug 28, over 13 years after it was first listed. Its shares were suspended on Monday after its parent company, Federal Land Development Authority, succeeded in its takeover offer for FGV. — FGV will be delisted from Bursa Malaysia on Aug 28

Gamuda Bhd (KL:GAMUDA) and Sarawak property developer Naim Holdings Bhd’s (KL:NAIM) joint venture (JV) has clinched a RM1.13 billion contract to develop the Limbang section of the Northern Coastal Highway in Sarawak. The JV, Naim Gamuda (NAGA) JV Sdn Bhd, is 30%-owned by Gamuda and 70% by Naim Holdings. The project awarded by the Regional Corridor Development Authority entails the construction of a four-lane dual carriageway measuring 14.7km in Limbang, including bridges, a flyover, earthworks and other associated works. It will be executed over a period of four years. — Gamuda-Naim Holdings JV bags RM1.1b Northern Coastal Highway job in Sarawak

Gamuda has entered into a strategic partnership with Gentari Sdn Bhd, the green energy arm of Petroliam Nasional Bhd (Petronas), to develop 1.5 gigawatts of solar energy and storage infrastructure in Malaysia, aimed at supplying power to hyperscale data centre operators. Gentari’s unit Gentari Renewables Sdn Bhd and Gamuda’s subsidiary Gamuda Energy Sdn Bhd will jointly develop new solar photovoltaic power plants integrated with battery energy storage systems structured under the Corporate Renewable Energy Supply Scheme. — Petronas-backed Gentari partners Gamuda on 1.5GW solar project for Malaysian data centres

GDB Holdings Bhd’s (KL:GDB) net profit for 2QFY2025 jumped more than fivefold y-o-y to a record high of RM21.75 million from RM4.16 million in 2QFY2024, underpinned by contributions from ongoing projects and lower other expenses. Quarterly revenue surged 288% to RM180.86 million from RM46.62 million. The company declared a second interim dividend of 0.5 sen per share. — Construction firm GDB posts record 2Q earnings; targets RM1.8 bil new bids by 4Q

 Haily Group Bhd (KL:HAILY) said it has secured a RM50.08 million subcontract for the construction and completion of a residential development in Gelang Patah, Johor. The project, known as Laman Citra Phase 3, involves the construction of 136 double-storey terrace houses along with a Tenaga Nasional Bhd (KL:TENAGA) double-chamber substation at Jalan Ulu Choh, Gelang Patah. The contract was awarded to Haily’s wholly-owned subsidiary Haily Construction Sdn Bhd by Mandy Corp Sdn Bhd, the main contractor appointed by the developer of the project Splendid Pavilion Sdn Bhd. — Haily secures RM50m subcontract for Johor housing project

Hextar Global Bhd’s (KL:HEXTAR) net profit for 2QFY2025 dropped 16.8% y-o-y to RM15.93 million from RM19.16 million in 2QFY2024, dragged down by lower sales in its specialty chemicals segment. Quarterly revenue declined 16.6% y-o-y to RM177.52 million from RM212.96 million on softer demand in the specialty chemicals segment, offset by improved contribution from its agriculture segment. The group declared a first interim dividend of half a sen per share. — Hextar Global 2Q profit down 17% on lower specialty chemicals demand

Hong Leong Industries Bhd’s (KL:HLIND) net profit for the fourth quarter ended June 30, 2025 (4QFY2025) increased 19.2% to RM117.16 million from RM98.33 million in 4QFY2024, underpinned by higher motorcycle sales and lower raw material costs from better currency exchange. Quarterly revenue grew 8.4% y-o-y to RM841.90 million from RM776.57 million previously, supported by improved sales volume. No dividend was declared for the quarter. — Hong Leong Industries’ 4Q net profit up 19% on stronger motorcycle sales and lower costs

Ivory Properties Group Bhd (KL:IVORY) announced that its group CEO and executive director Datuk Low Eng Hock has resigned from all positions in the Penang-based property developer, effective Aug 22, citing personal reasons. He remains a substantial shareholder of the company, holding a 17.25% direct stake and an indirect stake of 5.76% as of Aug 24, 2025. Low’s resignation comes amid reports linking him to the ongoing investigation into the MBI Group investment scheme, allegedly orchestrated by Malaysian Tedy Teow Wooi Huat. — Ivory Properties CEO Low Eng Hock resigns amid MBI probe; stock's delisting looms

Meanwhile, Ivory Properties also announced its wholly-owned unit Ivory Indah Sdn Bhd has been placed under receivership after it defaulted on loans with CIMB Islamic Bank Bhd. Ivory Properties said Ivory Indah is not a major subsidiary, with its assets making up 15% of the group. As of end-March, Ivory Indah’s net book value was RM20.57 million. Ivory Properties also said it will cooperate fully with the receivers. — Ivory Properties’ unit under receivership after default

Kerjaya Prospek Group Bhd’s (KL:KERJAYA) net profit for 2QFY2025 rose 46.8% y-o-y to a record high of RM54.44 million from RM37.08 million in 2QFY2024, lifted by stronger contributions from its property development division and higher topline from its other businesses. Quarterly revenue surged 36.4% y-o-y to RM539.46 million from RM395.41 million. The group declared a second interim dividend of three sen per share. — Fuelled by record profit, Kerjaya Prospek eyes 'high' dividend as it declares RM37.8 mil payout

Magma Group Bhd (KL:MAGMA) said its executive chairman Datuk Seri Lee Hock Seng is currently assisting the authorities with an ongoing investigation into the MBI scandal. Magma Group said the investigation is not related to, nor connected with, the business or operations of the company and its subsidiaries. The company did not elaborate further. — Magma Group says chairman Lee Hock Seng assisting with MBI investigations

Malayan Flour Mills Bhd’s (KL:MFLOUR) net profit for 2QFY2025 jumped 49.1% y-o-y to RM28.07 million from RM18.83 million in 2QFY2024, primarily driven by its flour and grain trading business and a profitable turnaround in its Indonesian joint venture, PT Bungasari Flour Mills. Quarterly revenue climbed 6.43% y-o-y to RM800.23 million from RM751.9 million. The group declared a first interim dividend of 1.5 sen per share. — Malayan Flour Mill's 2Q profit soars on strong flour and grain trading, turnaround in Indonesian JV

Media Chinese International Ltd’s (KL:MEDIAC) net loss for 1QFY2025 widened to RM7.41 million compared with RM3.54 million in 1QFY2024, as revenue slipped with weak advertising spending. Quarterly revenue dipped 1% y-o-y to RM180.57 million from RM182.57 million. The latest loss extended the company’s streak in the red to ten consecutive quarters. — Media Chinese reports 10th quarter of losses as advertising revenue declines

MISC Bhd’s (KL:MISC) net profit for 2QFY2025 dropped 14.2% y-o-y to RM464.4 million from RM540.9 million in 2QFY2025, mainly due to lower earnings from its gas, petroleum and marine operations. Quarterly revenue dropped 18.3% y-o-y to RM2.72 billion from RM3.33 billion on weaker contributions from its gas and marine business segments following vessel disposals, contract expiries and a lower number of projects. Despite the drop in earnings, MISC declared a dividend of eight sen per share. — MISC's 2Q profit down 14% on weaker gas and marine ops, declares eight sen dividend

MN Holdings Bhd’s (KL:MNHLDG) net profit for 4QFY2025 jumped near 2.5-fold y-o-y to RM12.06 million from RM4.96 million in 4QFY2024, driven by accelerated progress in major construction projects within its substation engineering segment. Quarterly revenue more than doubled y-o-y to RM179.42 million from RM73.44 million. No dividend was declared. — MN Holdings’ 4Q profit jumps 2.5 times on substation project momentum

MSM Malaysia Holdings Bhd’s (KL:MSM) net loss for 2QFY2025 narrowed slightly to RM29.74 million from RM32.39 million in 2QFY2024. Lower production costs, freight costs and better foreign exchange rates were offset by higher other operating expenses and selling, distribution and administrative costs. Quarterly revenue for 2QFY2025 declined 2% y-o-y to RM813 million from RM833 million, mainly due to lower average bulk selling prices, despite higher sales volumes. — MSM posts RM30m net loss in 2Q, calls for pricing framework and import controls

Petronas Dagangan Bhd's (KL:PETDAG) net profit for 2QFY2025 fell 3.9% y-o-y to RM265.53 million from RM276.39 million in 2QFY2024, as a weaker retail segment more than offset the growth at its commercial and convenience divisions. Quarterly revenue declined 7.9% y-o-y to RM9.07 billion from RM9.84 billion a year earlier, as retail sales volume eased due to the normalisation of travel patterns, with Malaysia recording more festive days in the first quarter and consumers exhibiting more cautious spending. The group declared a dividend of 22 sen per share. — Petronas Dagangan's 2Q net profit down 4%, declares higher dividend of 22 sen

Pestec International Bhd (KL:PESTEC) said it has settled a lawsuit filed by its former group CEO Paul Lim Pay Chuan and his uncle, former deputy chairman Lim Ah Hock, over RM17.52 million in alleged unpaid advances. The power grid and rail network engineering firm said parties reached an amicable settlement following discussions. Details of the settlement were not disclosed. — Pestec settles suit with ex-group CEO, ex-deputy chairman over alleged unpaid advances

Petronas Gas Bhd’s (KL:PETGAS) net profit for 2QFY2025 dipped 2.3% y-o-y to RM450.19 million from RM468.99 million in 2QFY2024, as revenue fell and expenses rose. Quarterly revenue fell 3.5% y-o-y to RM1.59 billion from RM1.65 billion. The group declared a second interim dividend of 16 sen per share. — Petronas Gas reports 2Q net profit dip, flags earnings pressure ahead

Plenitude Bhd’s (KL:PLENITU) net profit for 4QFY2025 surged to RM31.23 million from RM1.38 million in 4QFY2024, boosted by higher revenue and lower administrative expenses. Quarterly revenue rose 26.74% y-o-y to RM170.27 million from RM134.35 million, driven by higher contributions from the property development and hotel divisions. No dividend was declared for the quarter. — Plenitude posts decade high full-year earnings amid stellar 4Q performance

SD Guthrie Bhd (KL:SDG) has appointed its current group chief operating officer Mohd Haris Mohd Arshad as its new deputy group managing director, effective Sept 1. Mohd Haris, 53, currently chairs the Malaysian Sustainable Palm Oil board and the Palm Oil Refiners Association of Malaysia, and serves as a trustee of the Malaysian Palm Oil Council. — SD Guthrie appoints Mohd Haris as deputy group MD, effective Sept 1

Signature Alliance Group Bhd (KL:SAG) reported a net profit of RM6.76 million for 2QFY2025 on revenue of RM118.13 million. No y-o-y comparison is available as the group was only recently listed. Its 2QFY2025 net profit was down 57.1% when compared with RM15.75 million in the immediate preceding quarter, while revenue fell 19.8% from RM147.20 million in 1QFY2025. No dividend was declared for the quarter. — Newly-listed Signature Alliance posts RM6.8 mil 2Q net profit

Southern Cable Group Bhd’s (KL:SCGBHD) net profit for 2QFY2025 more than doubled to RM31.64 million — the highest since its listing in October 2020 — from RM14.43 million in 2QFY2024. Earnings surged thanks to a better product mix coupled with a 33.97% rise in quarterly revenue to RM419.3 million from RM315.33 million in 2QFY2024 on the back of higher sales volume, supported by larger annual production capacity. The group declared an interim dividend of 1.20 sen per share. — Southern Cable's 2Q profit doubles to record high, sees continued robust demand

TH Plantations Bhd’s (KL:THPLANT) net profit for 2QFY2025 rose 13.3% y-o-y to RM11.79 million compared with RM10.41 million in 2QFY2024, as improved prices and sales volumes of crude palm oil (CPO) and palm kernel (PK) lifted its earnings. Quarterly revenue increased 11.1% y-o-y to RM220.02 million from RM198.03 million, driven by higher average realised prices for CPO, PK and fresh fruit bunches, as well as sales volumes. No dividend was declared for the quarter. — TH Plantations’ 2Q net profit up 13% on stronger CPO and PK prices, volumes

Xin Synergy Group Bhd (KL:XIN), formerly Jade Marvel Group Bhd, has lodged a police report against several former directors, including its ex-managing director Chong Wei Chuan, after uncovering alleged irregularities in its moneylending operations during their tenure. It also named Wei Chuan’s brother and former business operations director Chong Wei Liang, as well as former joint managing director Datuk Khoo Yik Chou in the report. — Xin Synergy lodges police report against ex-directors over alleged irregularities in moneylending ops

Car upholstery manufacturer Pecca Group Bhd (KL:PECCA) saw its fourth-quarter net profit slip 7.2% y-o-y to RM13.52 million from RM14.57 million, due to temporary factory closures by customers during Hari Raya Aidiladha and a normalisation in sales volume, as well as increased finance costs, which offset improvement in gross margins. Revenue for the fourth quarter ended June 30, 2025 (4QFY2025) dipped 3.9% to RM52.84 million from RM54.99 million. The group declared a fourth interim dividend of 1.0 sen per share, payable on Sept 26, 2025. — Pecca’s 4Q profit slips on factory shutdowns, softer demand