DXN Holdings Bhd reported a first-quarter net profit of RM58.5 million for the period ended May 31, 2026, even as revenue contracted by 7.5% to RM443.03 million.
The Kuala Lumpur-listed wellness manufacturer declared an interim dividend of 0.60 sen per share, signaling management’s confidence in cash flow generation despite the top-line headwinds.
Management reaffirmed its strategic targets, including sustainable revenue growth, a dividend payout ratio of at least 50%, and a double-digit return on equity.
The revenue decline marks a shift in momentum for the global distributor of health and beauty products, which relies heavily on its direct-selling network.
While profitability remained intact, the softer sales figures suggest potential friction in consumer demand or distribution channels in key markets.
Investors will be watching to see if the company can decouple profit growth from revenue expansion in the coming quarters.
Management reaffirmed its strategic targets, including sustainable revenue growth, a dividend payout ratio of at least 50%, and a double-digit return on equity.