Last updated on December 25, 2025
KUALA LUMPUR, 26 November 2025 — Farm Fresh Berhad recorded its highest-ever quarterly revenue and earnings for the second quarter ended 30 September 2025 (Q2FY2026), supported by stronger domestic demand, continued contribution from new product lines, and expanding regional operations in the Philippines and Cambodia.
The Group posted RM294.9 million in revenue, up 18.4% from RM249.2 million a year earlier. Gross profit rose 18.1% to RM99.0 million, driven by higher-margin products, lower dairy raw material costs, and a rebound in margins from its Australia operations.
Profit before tax increased 42.4% to RM41.7 million, while profit after tax (PAT) and profit after tax and minority interest (PATAMI) grew 40.1% and 40.0% to RM37.8 million and RM36.7 million, respectively.
6-Month Results Show Sustained Growth Across All Metrics
For the cumulative six months, Farm Fresh recorded:
- RM555.5 million revenue (+13.2%)
- RM185.5 million gross profit (+18.3%)
- RM77.8 million PBT (+34.9%)
- RM71.0 million PAT (+32.8%)
- RM69.5 million PATAMI (+33.1%)
The improvement was supported by higher school milk deliveries, stronger mini market sales, successful new product launches, and regional contributions.
Australia Margins Recover Sharply
Gross margins for the Australia segment improved to 29.8%, up from 15.6% a year ago and 2.3% in the previous quarter. The Group attributed the recovery to higher production volume and lower per-unit production costs.
Regional Expansion: Philippines and Cambodia Strengthen Earnings
Farm Fresh’s presence in the Philippines, which began in September 2024, continued to gain traction with stronger sales of UHT, chilled milk and milk powder products, as well as the securing of multiple key HORECA accounts in Manila.
Cambodia contributed maiden revenue in Q2FY2026 after the Group’s August 2025 entry into the market, exceeding expectations as Farm Fresh products expanded rapidly across Phnom Penh’s supermarkets and coffee chains.
CEO: “Another stellar quarter driven by innovation and regional momentum”
Group managing director and CEO Loi Tuan Ee said the continued performance illustrates the Group’s growing brand presence across Southeast Asia.
He said: “We have delivered another stellar quarter driven by a relentless focus on innovation and a product portfolio that continues to capture hearts across the region. Malaysia remains a vital growth pillar for us, supported by stronger school milk deliveries, mini market sales, higher sales in the Philippines and exports to Cambodia, alongside exceptional uptake for our new product lines.”
He added that the Group’s capacity expansion remains on track: “Our extended Muadzam Shah farm has been commercialised, a strategic milestone that will eventually double our herd size to over 6,000 dairy cows.”
On regional operations, he said:
“The Philippines continues to show meaningful momentum, and Cambodia delivered revenue ahead of expectations as we build towards a long-term local presence through an asset-light model. We are refining our operational structure to support this expansion and to secure a prime location for our future facilities.”
Loi reaffirmed a positive outlook for FY2026 and said Farm Fresh remains committed to ESG principles, including the rollout of biogas initiatives and expansion of its “Milk on Tap” sustainability programme.
