Last updated on December 25, 2025
KUALA LUMPUR: Fertiliser manufacturer Cropmate Berhad (“Cropmate” or “the Company”) has reported resilient earnings for the second quarter of FY2025 (“Q2 FY2025”), delivering profit before tax (PBT) of RM4.6 million, contributing to a cumulative RM9.6 million PBT for the first half of the year (“1H FY2025”).
Earnings Hold Steady Despite Softer Quarter
Revenue for Q2 FY2025 stood at RM45.7 million, a 5.9% dip from RM48.6 million in Q1 FY2025, mainly due to a temporary slowdown in sales volume. Nevertheless, the Group sustained a gross profit margin of 17.5%, reflecting effective cost efficiency measures and disciplined product mix management.
Quarterly profit after tax came in at RM3.5 million, while for 1H FY2025, the Company achieved total revenue of RM94.4 million and profit after tax of RM7.2 million.
Local sales accounted for 96.9% of revenue, with exports to Singapore, Indonesia, Vietnam, Sri Lanka, and Japan making up the remainder.
Managing Director Mr. Lee Chin Yok said the results highlighted Cropmate’s resilience despite external pressures:
“We are encouraged by our first-half results, particularly in light of the seasonal and external pressures faced by the agriculture sector. Our ability to sustain profitability and margins underscores the strength of our business fundamentals. We continue to focus on improving operational efficiency, supporting our customers’ productivity, and executing our growth initiatives.”
Strategic Expansion on Track
Since its IPO, the Company has utilised RM23.2 million of the RM42.0 million proceeds, channelled into working capital, capital expenditure, and listing expenses. Cropmate is progressing with its expansion strategy, which includes the proposed acquisition of Factory Lots 8949 and 8950 and the disposal of Lot 51.
Looking ahead, Mr. Lee added:
“While the demand for fertilisers is closely tied to the broader agriculture sector, which may be affected by political, economic, and climatic factors, we remain cautiously optimistic. Our team is focused on strategic capital investments and product innovation to strengthen Cropmate’s market position and long-term value creation.”
