Tex Cycle Technology (M) Berhad (“Tex Cycle” or the “Group”), an established waste management and recycling solutions provider, today announced its financial results for the fourth quarter ended 31 December 2025 (“Q4 FY2025”) with a revenue of RM22.4 million, representing a significant increase of 141% from RM9.3 million in the corresponding quarter last year.
Profit Before Tax (“PBT”) rose to RM16.8 million, up 185% from RM5.9 million previously, supported by stronger contributions from the recovery and recycling division following the acquisition of Meridian World Sdn. Bhd., as well as fair value gains on investments in quoted securities.
For the full financial year ended 31 December 2025 (“FY2025”), Tex Cycle achieved revenue of RM57.7 million, a 59% increase from RM36.2 million recorded in FY2024. PBT stood at RM25.5 million compared to RM19.5 million in the preceding year, underscoring the Group’s resilient earnings profile amid expansion initiatives. Profit attributable to owners of the Company amounted to RM20.7 million, translating to basic earnings per share of 7.78 sen.
Segmentally, the recovery and recycling division remained the key revenue driver, bolstered by the inclusion of Meridian. The renewable energy division continued contributing steady income through solar Feed-in-Tariff (“FiT”) projects and Corporate Renewable Energy Power Purchase Agreement (“CREPPA”) initiatives.
Mr. Gary Dass A/L Anthony Francis, Group Chief Executive Officer of Tex Cycle commented, “FY2025 has been a transformative year for Tex Cycle. The integration of Meridian has significantly strengthened our recovery and recycling capabilities, while our renewable energy initiatives are progressing steadily. Our biomass gasification plant also marks a major milestone in our clean energy journey. Together, these developments reinforce our commitment to delivering sustainable growth and long-term value to our stakeholders.”
He added, “As we scale up, we are sharpening our focus on high-value niche waste streams, particularly e-waste, where we are strengthening end-to-end recovery capabilities to support corporates and industrial customers seeking compliant disposal solutions. We are also expanding our compost and organics recovery offering, while enhancing our oil and gas waste treatment capabilities at our Telok Gong facility. Together, these initiatives position Tex Cycle strongly to capture rising demand for ESG-aligned waste management and renewable energy solutions, while delivering greater value and impact.”
Looking ahead, the Group remains optimistic about the prospects of the scheduled waste management sector, supported by strengthened regulatory enforcement and Malaysia’s aspiration to achieve net zero carbon emissions by 2050. Tex Cycle will continue pursuing strategic growth opportunities, including the proposed transfer of listing to the Main Market of Bursa Malaysia Securities Berhad, which is targeted for completion in the first half of 2026.
