Cyberjaya, 27 November 2025 – Dagang NeXchange Berhad (“DNeX” or “the Group”) reported a sustained positive financial performance for the third quarter ended 30 September 2025 (“3QFY2025”), driven by continued recovery across its core segments.
The Group’s profit attributable to shareholders increased to RM12.0 million, up from RM9.1 million in the same quarter last year. Revenue for the quarter was RM267.2 million, slightly higher than the RM263.0 million recorded in 3QFY2024.
Segmental Performance
Semiconductors: The segment reported revenue of RM149.7 million (3QFY2024: RM161.5 million), primarily due to lower shipment volumes. However, it demonstrated significant pricing resilience, with the average selling price rising 19.7%. The strategic Emerging Technologies product line continued to gain traction, now representing 40% of the product mix, up from 25% a year earlier. The segment recorded a Loss Before Tax (“LBT”) of RM13.8 million (3QFY2024: RM0.4 million LBT), largely reflecting the lower revenue base.
Energy: This segment delivered robust performance with revenue of RM78.0 million, a significant 49% increase from RM52.4 million in 3QFY2024. The growth was driven by an 84% surge in lifting volume to 190k barrels (3QFY2024: 103k barrels). This was partially offset by a 12% decline in the average realised crude oil price to USD67.0 per barrel (3QFY2024: USD75.9). Despite higher revenue, the segment recorded LBT of RM1.9 million, compared to a Profit Before Tax (“PBT”) of RM11.7 million a year earlier, mainly due to an unrealised foreign exchange loss.
Information Technology (IT): The IT segment staged a strong turnaround, recording a PBT of RM18.3 million, a significant improvement from LBT of RM0.1 million in 3QFY2024. This was primarily driven by effective cost management initiatives. Segment revenue was RM39.5 million (3QFY2024: RM49.1 million). The decline was anticipated following the divestment of the non-profitable Subsea Telco business in February 2025, which contributed RM6.7 million in the prior year. Excluding this, IT revenue saw a 7% reduction to RM42.4 million, mainly due to the deferment of project milestones, which postponed revenue recognition.
Management Commentary
Commenting on the results, Vinie Chong Pui Ling, Group Chief Financial Officer of DNeX, said, “Our third-quarter performance validates our focus on operational discipline and a leaner capital structure. We are committed to translating this strategic foundation into sustainable, long-term profitability and value creation.”
“Demand for our Semiconductor Emerging Technologies is reflected in higher wafer average selling prices, supported by sustained momentum in AI, cloud computing, smart devices, and electric vehicles. Looking ahead, our priorities are to enhance production capacity, sustain high utilisation rates, and drive operational efficiency.”
In the Energy segment, she noted that the Group continues to exercise prudence, focusing on maximising value from the Anasuria Cluster in the UK and advancing towards first oil from the brownfield Abu Cluster in Malaysia. “The downstream business, OGPC, is also strengthening its role by delivering integrated solutions that support the national energy value chain.”
“DNeX IT is strategically positioned for the future, with a clear ambition to play a pivotal role in Malaysia’s digital transformation,” she added. “The recent five-year extension of the Integrated Government Financial and Management System (“iGFMAS”) contract, along with the 1+1-year extension of the National Single Window for Trade Facilitation, underscores the Government’s confidence in our technical capabilities and proven track record.”
The Group is also expanding into the private sector to drive broader digital transformation through strategic partnerships, evolving its digital business into a comprehensive, cloud-enabled, AI-driven solutions provider. This strategy positions DNeX to capture opportunities in high-growth, high-trust industries.
As of 30 September 2025, the Group maintains a robust financial position and remains in a net cash position with total cash balance of RM562.0 million, total assets of RM4.1 billion, and total equity of RM2.1 billion.
The immediate focus will be on the reactivation of the Abu Cluster, where field work is progressing toward a targeted first oil in 2026 with an expected initial production rate of 3,000 barrels per day. The Abu and BETA developments represent the next phase in DNeX’s plan to replicate its successful low-cost operating model in the UK where the Group has operated the Anasuria Cluster profitably since 2016.