Financial Performance - Revenue for the six months ended June 30, 2025, was RM 72,740,832, representing a 29.13% increase from RM 56,331,822 in 2024[8] - Operating profit surged to RM 8,936,187, more than doubling from RM 3,943,529 in the previous year[8] - Net profit attributable to owners of the company reached RM 8,081,591, an increase of over 100% compared to RM 3,247,950 in 2024[12] - The company reported a significant increase in other income to RM 4,610,776 from RM 376,586 in the previous year[11] - The group reported a net profit attributable to equity shareholders of MYR 8,081,591 for the six months ended June 30, 2025, compared to MYR 3,247,950 in 2024, representing a growth of 149.5%[41] - Basic earnings per share for the six months ended June 30, 2025, was 0.75 sen, up from 0.30 sen in 2024, reflecting a 150% increase[41] Profitability Metrics - The gross profit margin decreased to 20.72% from 23.24%, reflecting a decline of 2.52 percentage points[9] - The gross profit for the first half of 2025 increased by approximately 1.98 million MYR or 15.12%, with a gross margin of 20.72%, down from 23.24% in the first half of 2024[58] - The total comprehensive income for the period was MYR 3,071,477, compared to MYR 7,913,899 in the previous period, indicating a decrease in overall profitability[17] Cash Flow and Liquidity - Cash and cash equivalents as of June 30, 2025, were RM 12,352,603, down 12.79% from RM 14,164,790 at the end of 2024[8] - Operating cash flow for the six months ended June 30, 2025, was MYR 1,148,475, down from MYR 10,770,614 in the same period of 2024[19] - The current ratio decreased to 2.48 from 2.74, indicating a 9.49% decline in liquidity[9] - Cash and cash equivalents decreased to MYR 12,352,603 from MYR 14,164,790, a decline of approximately 12.8%[21] Assets and Liabilities - Total assets increased to RM 129,860,742, a 2.42% rise from RM 126,789,826 at the end of 2024[8] - Total liabilities increased to MYR 50,343,227 from MYR 45,328,843, representing an increase of approximately 11.1%[15] - The company's equity attributable to shareholders increased to MYR 129,794,958 from MYR 126,723,481, a growth of about 2.1%[17] - The company’s non-current liabilities decreased to MYR 19,699,141 from MYR 20,992,115, reflecting a reduction of approximately 6.2%[15] Revenue Breakdown - Revenue from coconut-related food products for the six months ended June 30, 2025, was MYR 66,682,877, an increase of 29.6% compared to MYR 51,438,596 in the same period of 2024[29] - Revenue from Southeast Asia increased significantly to MYR 33,639,189, a rise of 66.8% from MYR 20,163,607 in 2024[33] Expenses - The group’s total operating expenses, including personnel costs, increased to MYR 9,927,686 for the six months ended June 30, 2025, compared to MYR 7,067,802 in 2024, reflecting a rise of 40.5%[40] - Sales and distribution expenses increased to approximately 3.36 million MYR in the first half of 2025, up from approximately 2.02 million MYR in the first half of 2024[62] - Administrative expenses rose to approximately 6.97 million MYR in the first half of 2025, compared to approximately 5.04 million MYR in the first half of 2024[63] Investments and Capital Expenditures - Capital expenditures for the first half of 2025 were approximately MYR 1.55 million, compared to MYR 0.46 million in the first half of 2024, primarily related to the acquisition of plant and equipment[76] - The company incurred a net cash outflow from investing activities of MYR 2,294,942, compared to MYR 4,123,297 in the previous year, showing a reduction in cash used for investments[21] Corporate Governance and Shareholder Information - The company has complied with all applicable provisions of the corporate governance code during the first half of 2025[94] - There are three independent non-executive directors on the board, meeting the requirement that independent non-executive directors must constitute at least one-third of the board[95] - The major shareholders include Tang Koon Fook with 51.89% and Lee Sieng Poon with 20.90% of the shares[83] Employee Information - As of June 30, 2025, the group employed 406 employees, an increase from 354 employees as of June 30, 2024[81]
椰丰集团(01695) - 2025 - 中期财报