Link: https://links.sgx.com/1.0.0/corporate-announcements/T7HWW9FRLVWEJOUD/f0d8a9d2581706858997602385f9c4cc4478e54e1ab86d50c6444927f7edae5b

Summary:

• Revenue: RM32.2 million, down 16% from RM38.3 million in the same period last year, mainly due to the closure of the Bukit Kayu Hitam retail outlet after the compulsory land acquisition.

• Profit Before Tax: RM2.3 million, up 5% from RM2.2 million last year, helped by higher other income, lower staff costs, and reduced foreign exchange losses.

• Net Profit: RM1.4 million, 10% higher than RM1.3 million last year.

• Other Income: Rose 20% to RM3.1 million from RM2.6 million, driven by higher interest income, reversal of inventory write-downs, and gains from asset disposals.

• Employee Costs: Fell 23% to RM3.0 million due to reduced headcount after the outlet closure.

• Balance Sheet:

  • Total assets at RM506 million, marginally higher than RM505 million at end-February 2025.

  • Net assets rose to RM376 million from RM375 million.

  • Inventories increased by RM5.7 million due to higher purchases.

  • Cash and cash equivalents at RM222 million.

• Cash Flow:

  • Net operating cash inflow RM3.8 million (vs RM3.4 million last year).

  • Net investing cash outflow RM2.9 million mainly due to land title transfer costs.

  • Net financing outflow RM1.6 million on lease liability payments.

• Dividend: First interim dividend declared at S$0.00165 per share, payable on 6 August 2025.

• Outlook: The Group expects challenging retail conditions in FY26, with cost pressures and cautious consumer spending. It will continue cost control and efficiency efforts, while exploring new growth opportunities.