JCY International Posts RM33.40 Mln Net Loss In 3Q 2025
KUALA LUMPUR, Aug 20 (Bernama) -- JCY International Bhd recorded a net loss of RM33.40 million in the third quarter ended June 30, 2025 (3Q 2025), compared with a net profit of RM9.89 million in the same period last year.
Revenue for the quarter slipped to RM110.39 million from RM165.32 million previously, mainly due to significant operational and market-related challenges, in line with broader hard disk drive industry trends.
“JCY recorded a gross loss of RM19.8 million, compared with a gross profit of RM15 million in the corresponding quarter of the previous year, due to lower sales volume and the weakening US dollar exchange rates.
“Increased expenditure associated with the qualification and ramp-up of new products, as well as the impact of the Malaysian minimum wage increases, effective Feb 1, 2025, further weighed on the company’s performance,” it said in a filing with Bursa Malaysia today.
On its outlook, JCY said it remains committed to qualifying its products to serve the nearline enterprise segment, with qualifications in progress and targeted for completion in the final quarter of calendar year 2025, followed by production ramp-up planned in 2026.
“We also remain focused on our diversification programmes, leveraging our expertise to serve other industries. Year to date, we have invested close to RM15.3 million in new product qualifications, with almost 50 per cent of this investment in the current reporting quarter.
“Overall, JCY remains optimistic about a sustainable and positive future. Given the positive momentum over the past four months, the company reaffirms its view that the estimated full potential incremental revenue from new customers could reach RM250 million in the financial year 2028,” it added.
-- BERNAMA