Hume Cement almost doubles profit to RM430.56mil in FY26

KUALA LUMPUR: Hume Cement Industries Bhd reported a nearly double increase in net profit to RM430.56 million for the financial year ending June 30, 2026 (FY26) compared to RM223.17 million in the previous year. However, revenue dropped 4.5% to RM1.06 billion in FY26 from RM1.11 billion in the prior period, mainly due to lower concrete sales.

The company has not recommended any final dividend for FY26. Hume Cement's net profit surged 14.4% to RM61.34 million in the fourth quarter, up from RM53.60 million in the same quarter last year. The revenue for Q4 was RM259.1 million, compared to RM263.4 million in the previous year, mainly due to reduced concrete sales following the discontinuation of the concrete segment in Peninsular Malaysia.

The company's executives stated that the current operating environment is challenging due to geopolitical tensions and global economic uncertainties, which may continue to impact energy prices and operating costs. Despite these challenges, domestic demand is anticipated to remain robust, driven by ongoing infrastructure projects and development expenditure. Hume Cement anticipates satisfactory performance for FY27, barring any unforeseen circumstances.