27/02/2026

FRIDAY | FEB 27, 2026

15

BIZ & FINANCE

Farm Fresh delivers robust financial results

effective manner and introduce more products tailored for the consumers in Cambodia,” Loi said. Meanwhile, Farm Fresh’s operations in the Philippines have continued on a trajectory, with revenue increasing by more than 40% from the previous quarter. “I am positive it will continue to grow as we expand penetration in modern trade and food services outlets, while the brand becomes more recognisable in the Philippines,” Loi said. The upcoming Enstek plant, which is slated to be ready by mid 2026, will enable the group to have the capacity to introduce a more diverse product range, while its investment in freezers will in crease distribution drop points to about 13,500 drop points by the end of 2026 from the 11,200 drop points that we have currently. “Separately, our expansion in Muadzam Shah 2 Farm has commenced operations, with the aim to increase our herd size in Muadzam Shah to 7,000 dairy cows. “In tandem with our ongoing efforts in expanding our business, we remain committed towards our ESG principles, driving sustain ability through initiatives such as our biogas plant, which, once fully operational, is targeted to have a reduction of 9,800 tonnes carbon dioxide equivalent per annum and the Milk on Tap programme, which has continued to grow to 37 locations. “As we move towards the close of FY26 and with all these aforementioned developments, our outlook is one of profound optimism as we work towards continuing the momentum we have built to propel Farm Fresh forward and deliver value for all our shareholders,” Loi said.

o Dairy group’s Q3 and 9-month performance lifted by product diversification, regional market expansion and capacity investments

Kerjaya Prospek posts record revenue in FY25 Group’s construction segment remained its key earnings driver in FY25, while property development gained traction on stronger project progress and sales recognition. – KERJAYA PROSPEK WEBSITE

JOHOR BAHRU: Farm Fresh Bhd, one of Malaysia’s leading dairy producers, reported an increase in its revenue of 15.6% to RM285.1 million for the third quarter (Q3) of the financial year ended Dec 31, 2025 (FY26), from RM246.58 million in the same quarter last year. Meanwhile, gross profit grew by 15.8% to RM93.8 million, leading to the overall improved bottom line, which saw profit before tax (PBT) grow by 32.6% to RM37.3 million. Profit after tax (PAT) and profit after tax and minority interest (Patami) improved by 30.3% and 24.7% respectively to RM34.1 million and RM32.2 million. Over the nine-month (9M) period of FY26, the group recorded a 14% year-on-year increase in revenue, from RM737.5 million to RM840.6 million. This, in turn, led to an increase in gross profit by 17.5% to RM279.3 million, PBT by 34.1% to RM115.1 million, PAT by 32% to RM105.2 million, and Patami by 30.3% to RM101.7 million. The stronger earnings were mainly driven by the increase in Malaysian contribution, fuelled by higher sales from mini markets, CPG, artisanal ice cream, and school milk. The successful launching of new SKUs, i.e. Butter, AusFresh, Full Cream Milk Powder and Choco Malt Powder, which also contributed to the earnings, attest to Farm Fresh’s success in product line expansion and

category expansion. The group also saw positive sales contribution from its growing regional footprint, i.e. exports to Cambodia and expansion into the Philippine market, while Australia’s results have turned around, recording a profit during the quarter. Farm Fresh group managing director and group CEO Loi Tuan Ee said that as the group undergoes its next transformative phase and scales up its regional presence, Farm Fresh is entering an exciting period and is well positioned to capitalise on the strong progress made over the past year. “Leveraging alongside our categorical expansion and re gional expansion, we have made significant progress thus far, given our strategic developments over the recent quarters. “Our strategic pivot into Cambodia has already yielded positive results, where our monthly export volume has al ready surpassed Singapore, which we’ve been exporting to for 8 years,” he said. In Cambodia, Farm Fresh products are very well received, and the group will continue to penetrate major modern trade outlets in Phnom Penh and is now focusing on entering major coffee outlets and general trade with our UHT products. “Additionally, our factory is being constructed with a planned commencement in mid-2026, enabling us to better serve the Cambodia market in a more cost

KUALA LUMPUR: Construction outfit Kerjaya Prospek Group Bhd recorded revenue of RM671.7 million for Q4 ended Dec 31, 2025 (FY25), representing a 12.3% year-on-year increase from RM598.1 million, while net profit rose 53.4% to RM66.7 million. The construction segment sustained its earnings momentum, having contributed RM555.7 million in revenue. Meanwhile, the property development segment more than doubled its revenue to RM115.2 million, compared with RM51.5 million in Q4’24, reflecting stronger project progress and sales recognition. For FY25, Kerjaya Prospek achieved a new record revenue of RM2.2 billion, representing a 22.5% year-on-year increase from RM1.8 billion, while net profit grew 40.2% to RM224.7 million. The construction segment remained the group’s primary revenue driver, accounting for RM1.9 billion, or 86.4% of the group’s total revenue. The property development segment gained significant traction, with revenue rising 3.4 times from RM95.6 million to RM320.8 million, supported by contributions from the group’s developments The Vue @ Monterez and Papyrus @ North Kiara.

Kerjaya Prospek declared a fourth interim single-tier dividend of 3.5 sen per share, amounting to RM44 million, payable on March 26, 2026. This brings total dividends declared for FY25 to 12.5 sen per share, totalling RM157.2 million, equivalent to 70% of net earnings. Based on the closing price of RM2.59 on Feb 25, 2026, full year dividend translates to an attractive dividend yield of 4.8%. Kerjaya Prospek maintained a healthy balance sheet with a net cash position of RM358.7 million as of Dec 31, 2025, providing strong financial flexibility to support ongoing projects and pursue new opportunities. CEO and executive director Tee Eng Tiong said FY25 marks another milestone year for Kerjaya Prospek, as it achieved a new revenue record and delivered robust earnings growth. “This performance reflects the resilience of our core business segments and our team’s unwavering commitment to execute projects efficiently, safely and on schedule. “We have reaffirmed our order book replenishment target of RM2 billion for FY26, supported by a strong start to the year with the successful securing of two new contracts totalling RM703.5 million,“ he said.

Education retains its importance in the Malaysian landscape for parents, students and stakeholders. The changes are fast paced with new developments in new fields of study such as cybersecurity, data protection, augmented and virtual reality, machine learning in education, digital education and artificial Intelligence. Leading the way are universities, who are invited to showcase their latest programmes, curriculum and content in our Education Focus for 2026.

Contact us now for special deals on digital, video and print advertising. 03-7784 6688 advertise@thesundaily.com

thesun.my