KUALA LUMPUR (April 16): MTT Shipping and Logistics Bhd posted a net profit of RM323.45 million for the financial year ended Dec 31, 2025 (FY2025), a 29.2% year-on-year increased compared with RM250.38 million a year earlier.
In a bourse filing on Thursday, revenue for the year rose 6.8% to RM1.28 billion from RM1.2 billion previously, mainly due to its stronger shipping segment performance and gains from asset disposals, said the group.
MTT Shipping noted that its improved full-year earnings were mainly due to higher transport volumes, firmer charter hire rates and better contributions from both its shipping and depot businesses.
Net profit for the fourth quarter ended Dec 31, 2025 (4QFY2025) stood at RM88.79 million while revenue came in at RM318.53 million, primarily driven by the shipping segment.
The shipping segment contributed to 97% of the total revenue while the balance came from its depot segment. Local freight services remained its largest revenue stream, making up about 40% of quarterly revenue.
“We are pleased to deliver an encouraging set of results underpinned by stable domestic and regional cargo volumes, as well as firm charter hire rates supported by continued tight vessel supply,” said executive chairman Datuk Seri Ong Kean Lee in a press statement.
Ong added that the group has made headway in its diversification plans, where its two chemical tankers are scheduled for delivery in the second half of 2026.
The group is also continuing work on its integrated freight facility, comprising empty container depots, auto-logistics depots and warehouses. Two new facilities, a depot in Pulau Indah, Klang, and a warehouse in Kota Kinabalu, Sabah, are expected to begin operations in the second half of 2026.
“Looking ahead, paired with our upcoming listing, we remain confident in the group’s ability to sustain its growth trajectory, supported by a balanced and integrated business model that will continue to position us towards building stronger momentum and delivering long-term value to our stakeholders,” added Ong.
The group is scheduled to debut on the Main Market on April 21, with its initial public offering (IPO) priced at RM1.03 per share and market capitalisation of RM2.6 billion, making MTT Shipping’s listing Malaysia’s largest logistics-linked IPO in 13 years.
It is looking to raise up to RM652 million from the exercise.
CIMB Investment Bank Bhd is the principal adviser, joint global coordinator, joint bookrunner, managing underwriter and joint underwriter for the IPO. Meanwhile, CLSA Ltd and CLSA Securities Malaysia Sdn Bhd are acting as joint global coordinators and bookrunners, alongside Affin Hwang Investment Bank Bhd as joint bookrunner and underwriter.