KUCHING: B.I.G. Industries Bhd (BIG) reported sharply lower group net profit of RM386,000 in third quarter to March 31, 2025 (3Q2025) from RM3.88 million in 1Q2024 as group revenue fell to RM6.79 million from RM8.39 million or down by 19.13 per cent.
In 1Q2024, the group recorded a one-off gain on disposal of property amounting to RM3.88 million.
Earnings per share dropped to 0.61 sen from 6.11 sen.
In the current quarter under review, the gas segment generated the bulk or RM6.08 million to group revenue (1Q2024:RM6.78 million) whereas the property segment chipped in lower sales of RM706,000 (RM1.61 million).
The gas segment incurred a pretax loss of RM0.39 million (RM+4.51 million) due largely to the repair costs of the dissolved acetylene machinery.
On a nine-month period to March 31, 2025 (9m2025), BIG posted group net profit of RM3.67 million (9m2024:RM4.55 million) despite an increase in group revenue to RM29.23 million (RM23.36 million).
The gas segment reported revenue growth to RM23.71 million (RM19.19 million) while the property segment also improved sales to RM5.52 million (RM4.16 million).
The discontinuing concrete operation recorded revenue of RM131,000 (RM4.59 million).
The increased sales of the gas segment in 9m2025 was attributed to higher sales of the liquefied and cylinder gases by RM4.44 million and RM0.76 million respectively whereas the other gases recorded lower revenue by RM0.57 million.
Commenting on prospects, BIG said the group anticipates a challenging and competitive business environment with the recent proposed increase in US tariffs.
“Although majority of the tariffs had been postponed for 90 days, the outcome and remifications remain uncertain with rising concerns of a potential trade tariff implication.
“The group is not directly impacted by the trade tariffs but the effect may potentially affect our operating environment.
We are constantly monitoring the development to assess the risks to our business.
“The Malaysian economy is expected to record positive growth in 2025 and the inflation is likely to remain moderate.
“The group is optimistic that the performance of the gas division should contribute positively to the group’s results,” it added.
