Last updated on August 23, 2025
Senai, 21 August 2025 – Johor-based wholesaler and distributor of fresh vegetables, food and beverage (“F&B”) products and other groceries, Farm Price Holdings Berhad (“Farm Price” or the “Group”) (“农价控股公司”), has today announced its second quarter (“2QFY25”) and six months (“1HFY25”) financial results for the period ended 30 June 2025.
In 1HFY25, the Group posted revenue of RM60.5 million compared to RM61.3 million in the corresponding period last year (“1HFY24”) due to softer market demand on fresh vegetables. The wholesale segment remained the primary revenue contributor, accounting for 93.7% of total revenue in 1HFY25, with the remaining derived from retail segment. Geographically, Malaysia contributed 70.3% of total revenue, with Singapore’s portion rising to 29.7% amid continued growth.
Meanwhile, profit attributable to owners of the company (“net profit”) rose to RM5.6 million, a 30.3% year-on-year (“YoY”) increase from RM4.3 million last year, mainly due to absence of non-recurrent listing expenses incurred in 1HFY24.
For 2QFY25, the Group recorded revenue of RM30.6 million, comparable to the preceding year’s corresponding quarter. Net profit surged to RM3.1 million in 2QFY25, marking an 88.6% YoY growth from RM1.7 million in 2QFY24. The improvement was attributable to more favourable vegetable sourcing costs, as well as absence of non-recurring listing expenses mentioned earlier.
Managing Director of Farm Price, Dr. Lawrence Tiong Lee Chian (张礼庆博士) said, “We are making steady progress in our regional expansion initiatives. Notably, our recently established Sabah distribution centre in February 2025 is gaining traction, and we anticipate a stronger contribution in the coming quarters.”
“Meanwhile, the expansion of our Centralised Distribution Centre in Senai (“Senai CDC”) is progressing as scheduled, with approximately 85% completed, and remains on track for completion by end-2025. The expansion will nearly double the built-up area from 78,721 square feet to 149,548 square feet, thereby increasing the capacity for value-added services such as prepacked and fresh-cut vegetables to cater to the rising demand from Singapore market.”
“All in all, we remained committed to executing our growth initiatives, including expanding our geographical distribution footprint, capturing the growing Singapore market through the new Senai CDC, enhancing operational efficiency and maintaining competitiveness, while exploring synergistic new investment opportunities for horizontal expansion beyond vegetables. Importantly, we believe these efforts will also contribute to the greater cause of strengthening food security in the region,” Dr. Lawrence concluded.
On a quarter-on-quarter (“QoQ”) basis, the Group achieved revenue of RM30.6 million in 2QFY25, up 2.8% from RM29.8 million in the immediate preceding quarter (“1QFY25”). This growth was mainly supported by stronger market demand, with net profit rising 24.5% QoQ to RM3.1 million in 2QFY25 from RM2.5 million in 1QFY25, driven by lower average purchase costs during the current quarter.
Farm Price maintained a healthy financial position in the current quarter, supported by a net cash position and net assets per share of RM0.14. The Group also generated net operating cash flow of RM7.0 million in 1HFY25.
