KUALA LUMPUR (Feb 23): Malaysia Smelting Corporation Bhd (KL:MSC) said on Monday higher tin prices propelled its earnings in the final quarter of 2025 to the highest in nearly three years.

Net profit for the three months ended Dec 31, 2025 (4QFY2025), was RM39.91 million, an increase of 32% when compared to the same quarter a year earlier, the company said in an exchange filing. Revenue for the quarter rose 7% year-on-year to RM480.7 million.

“Demand for tin from electronics, clean energy, artificial intelligence and data centre infrastructure remains supportive,” Malaysia Smelting said.

Prices of tin have surged to the highest in nearly four years amid resurgent worries over tightening supply of the metal used in everything from circuit boards to food packaging following a crackdown on illegal mines in Indonesia, the world’s biggest exporter of tin.

Weather and infrastructure challenges have also weighed on output recovery from a key mine in Myanmar, sending prices above US$44,000 (RM171,204) per tonne at a time when demand is rising through its use in electronics and renewable energy.

“Although there are signs of recovery in the supply chain, especially from Myanmar and Indonesia, the risk of tin metal output being constrained by sudden regulatory changes and policy shifts, and geopolitical tensions is still imminent,” Lam Hoi Khong, the company’s co-CEO, said in a statement.

The company is in the midst of decommissioning its old smelter plant in Butterworth. “Cost savings from the closure and improved efficiencies at Pulau Indah will improve our bottom line,” he said.

For the full FY2025, net profit rose about 3% to RM81.97 million while revenue was up 4% to RM1.76 billion thanks to sales of tin-bearing intermediates and by-products. During the year, the average tin price per metric tonne was also higher at RM146,100 versus RM138,500 in FY2024.

The company declared a final dividend of four sen per share, bringing the total dividend for FY2025 to eight sen per share, representing a payout ratio of 82% of its net profit.

Shares of Malaysia Smelting were unchanged at RM1.70, valuing the company at RM1.43 billion, ahead of the results announcement.