MMG Posts Record $6.2B Revenue as Profit Triples
MMG (01208.HK) announced its strongest financial performance since its formation in 2009 for the year ending December 2025. The company's revenue climbed 38.8% year-over-year to a record US$6.218 billion. This operational success translated directly to the bottom line, with net profit increasing 214.6% to US$509 million.
Key performance indicators reached all-time highs across the board. Earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 67% to US$3.41 billion, while earnings before interest and taxes (EBIT) surged 102% to US$1.99 billion. The company also achieved record operating cash flow, underscoring a year of exceptional operational strength.
Shares Plunge 9.3% as Dividend Hopes Dashed
Despite the historically strong results, investors reacted negatively to the announcement, sending MMG's stock price down 9.338% on March 3, 2026. The sell-off was accompanied by significant short-selling activity, which reached US$73.28 million, representing an 11.07% ratio.
The sharp divergence between the company's financial success and its stock performance points directly to its decision to withhold a final dividend. By declaring no dividend for the second consecutive period, MMG signaled to the market a preference for retaining cash. This move likely frustrated investors who anticipated a share of the record profits, raising concerns about the company's capital allocation strategy or potential future expenditures.
Edgen Stock·Mar 03 2026, 10:48
