Kuala Lumpur, 24 February 2026 – Cropmate Berhad (“Cropmate” or “the Company”) closed the financial year ended 31 December 2025 (FY2025) on a strong note, reporting a 23.5% increase in profit after tax (PAT) to a historical high of RM14.7 million, supported by resilient domestic demand and disciplined cost management.
The fertiliser manufacturer also proposed a final single-tier dividend of 0.6 sen per ordinary share, subject to shareholders’ approval at its forthcoming Annual General Meeting.
Fourth Quarter Performance Strengthens
For the fourth quarter ended 31 December 2025 (Q4 FY2025), revenue rose 14.4% year-on-year to RM41.3 million, compared with RM36.1 million in the corresponding quarter last year.
Profit before tax (PBT) increased 43.1% to RM4.4 million, while PAT improved to RM3.5 million, up from RM2.2 million previously. The Group maintained a healthy gross profit margin of 17.1%, reflecting continued pricing discipline and operational efficiency.
Domestic sales remained the core revenue driver, contributing 97.9% of total revenue for the quarter. Export sales provided complementary support, with established markets including Cambodia, India, Vietnam and Sri Lanka.
Full-Year FY2025: Revenue Surges 22.3%
For FY2025, Cropmate recorded revenue of RM196.5 million, representing a 22.3% increase from RM160.7 million in FY2024.
PBT rose to RM19.6 million, while PAT expanded to RM14.7 million, up from RM11.9 million a year earlier. Domestic sales accounted for approximately 97.1% of total revenue, driven primarily by demand from oil palm plantations and durian orchards across Malaysia.
Export markets remained diversified and complementary, covering Cambodia, Singapore, India, Indonesia, Vietnam, Sri Lanka, Mauritius and Japan.
Managing Director Mr. Lee Chin Yok noted that since incorporation in 2018, Cropmate’s revenue has grown from RM9.9 million to RM196.5 million in FY2025, reflecting consistent operational scaling and market penetration.
IPO Proceeds Utilised for Expansion
The Company confirmed that acquisitions of Factory Lots 8949 and 8950 have been completed. As at 24 February 2026, RM41.6 million of RM42.0 million IPO proceeds had been utilised for working capital, capital expenditure, listing expenses and property acquisitions.
These investments are intended to enhance manufacturing capacity, support research and development initiatives and position the Group for scalable growth in the fertiliser segment.
Outlook
Looking ahead, fertiliser demand is expected to remain closely linked to developments in the oil palm and food crop segments. While commodity price volatility and geopolitical risks remain external variables, management remains focused on strengthening operational capabilities, expanding product innovation and maintaining prudent cost management.
With record earnings, expanding operational capacity and sustained plantation demand, Cropmate enters FY2026 with strengthened profitability and improved earnings momentum.
