Last updated on December 25, 2025
KLANG: Sorento Capital Berhad (“Sorento Capital” or “the Company”), a bathroom and kitchen sanitary ware solutions provider (厨卫洁具经销商), has reported a record performance for its financial year ended 30 June 2025 (“FY25”), with revenue rising 18.3% to RM179.2 million from RM151.5 million in FY24. Growth was driven by stronger dealer channel sales and project-based contributions.
The dealer sales channel remained the Company’s largest contributor, accounting for 65.9% of revenue. Dealer sales grew 20.8% year-on-year (YoY) to RM118.1 million, up from RM97.8 million in FY24. Project-based sales contributed 33.3% of revenue, climbing 12.2% YoY to RM59.6 million compared to RM53.1 million previously. Online sales, though smaller in scale, more than doubled to RM1.5 million from RM0.6 million in FY24.
Net profit for FY25 rose 7.4% to RM26.2 million, compared to RM24.4 million in FY24. Adjusted for one-off IPO listing expenses of RM3.1 million incurred during FY25, net profit would have been RM29.3 million.
For the fourth quarter (“4QFY25”), Sorento Capital posted revenue of RM43.3 million and net profit of RM7.9 million, translating into a net profit margin of 18.2%.
In line with its shareholder return commitment, the Company paid an interim single-tier tax-exempt dividend of 0.5 sen per ordinary share (amounting to RM4.3 million) on 21 March 2025. For FY26, Sorento has declared another 0.5 sen interim dividend, scheduled for payment on 19 September 2025.
Managing Director Mr. Loo Chai Lai (吕再来) commented on the performance:
“We are pleased to have delivered a solid set of results for FY25 which underscore the continued resilience of both our dealer and project-based sales channels. This performance was driven by stronger sales momentum, increased project activity and market demand, and continuous promotional marketing campaigns.”
Looking ahead, Sorento Capital remains optimistic about industry prospects. Demand for bathroom and kitchen sanitary ware is expected to remain robust, supported by rising residential and commercial construction, ongoing urban development, and growing appetite for premium branded solutions. The recent Overnight Policy Rate (OPR) cut to 2.75% by Bank Negara Malaysia in July 2025 is also expected to stimulate consumer spending and housing demand.
To strengthen its product portfolio, Sorento Capital plans to roll out a new line of plumbing valves, aimed at capturing a largely untapped and unbranded market segment. This expansion is expected to deepen its wallet share from existing customers while attracting new buyers.
Financially, the Company continues to demonstrate resilience with a net cash position of RM33.1 million as at 30 June 2025, well above total borrowings of RM6.0 million. Supported by a net operating cash inflow of RM17.7 million, Sorento Capital’s low gearing provides flexibility to pursue strategic growth while sustaining long-term shareholder value.
