- Tan Chong Motor Holdings Berhad posted slight revenue growth in FY2025 despite softer Q4 vehicle sales.
- Upcoming Nissan Serena e-POWER launch and EV demand may support sales recovery in 2026.
The Tan Chong Motor Holdings Berhad results released on February 27, 2026 indicate a mixed performance for its automotive business during 2025. The company operated in a generally supportive market environment, but weaker vehicle sales in the fourth quarter and higher foreign exchange losses weighed on quarterly financial performance.
Despite these challenges, the group recorded modest annual revenue growth and managed to narrow its overall loss before tax for the year.
FY2025 revenue growth amid ongoing losses
For the financial year ended December 31, 2025, the group’s automotive revenue rose slightly year-on-year. Total revenue increased 1.3 percent to MYR 2.11 billion, reflecting stable demand across several regional markets.
Loss before tax for the year narrowed to MYR 175.4 million compared with the previous period. The automotive division also returned to EBITDA territory during the year, primarily supported by a one-off fair value gain related to property assets.
However, when excluding this exceptional item, the division remained loss-making, highlighting continued cost pressures and operational challenges in certain markets.
Regional performance across Southeast Asia
Malaysia remained the company’s core market and continued to contribute the largest share of automotive revenue. Meanwhile, the Myanmar business turned profitable during the year, marking an improvement compared with earlier periods.
In contrast, the Vietnamese market continued to face weaker conditions, resulting in softer operational performance within that segment.
Fourth-quarter pressures
During the fourth quarter of 2025, revenue declined to MYR 487.3 million, representing a 4.7 percent decrease compared with the same period in the previous year. Loss before tax widened to MYR 59.5 million, reflecting the impact of lower vehicle sales and increased foreign exchange losses.
EV momentum and new product launches expected to support recovery
The group noted encouraging market response to the TQ-Wuling Bingo electric vehicle, which signals growing interest in electrified mobility options within its portfolio. Looking ahead, management expects the launch of the All-New Nissan Serena e-POWER in March 2026 to support sales recovery.
Alongside product introductions, the company intends to maintain strict cost discipline while strengthening its position in key Southeast Asian automotive markets.
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