KUCHING: Supreme Consolidated Resources Bhd has recorded double-digit growth in both group revenue and earnings in the six-month period to March 31, 2025 (6m2025). Group turnover surged by RM11.56 million (10.4%) to RM123.2 million (6m2024:RM111.6 million), driving higher after-tax profit by RM0.75 million (15.8%) to RM5.5 million (RM4.75 million).
However, earnings per share fell to 1.3sen from 3.4sen due to share dilution after Supreme’s recent initial public offerings (IPO) on ACE Market that has significantly increased the company’s number of issued shares. Supreme was previously listed on the LEAP market before it was transferred to the ACE Market.
Supreme said the increase in group revenue in 6m2025 was mainly contributed by improved festive sales for frozen and chilled products to the retail sector.
The frozen & chilled food & beverage (F&B) segment posted higher revenue of RM112.98 million (6m2024:RM98.7 million) but the ambient F&B segment reported lower sales of RM10.15 million (RM12.82 million). The non-F&B segment registered lower revenue of RM49,000 (RM100,000).
Gross profit jumped by 12.2 per cent from RM13.68 million to RM15.34 million as gross margins improved to 12,46 per cent from 12.25 per cent in 6m2024.
In 2Q2025, Supreme posted higher group net profit of RM3.14 million (2Q2024:RM2.45 million) as revenue rose to RM67 million (RM59.8 million). The company has proposed interim dividend of 0.35sen per share.
In 2Q2025, the frozen & chilled F&B segment generated significantly higher sales of RM64.5 million (2Q2024:RM54.3 million) but the ambient F&B segment saw its sales fell to RM2.55 million (RM5.52 million) while the non-F&B segment recorded revenue of 14,000 (RM24,000).
As compared to the immediate precedent quarter (1Q2025),Supreme reported higher group revenue of RM67 million in 2Q2025 (1Q2025:RM56.16 million) and improved after-tax profit of RM3.14 million (RM2.37 million).
On prospects for the current financial year, Supreme is optimistic on the outlook going forward.
“The group will continue to explore new business opportunities through its current and potential customers as well as strengthening our distribution regionally. We will further expand our product range to align with consumer needs and enhance our agency portfolio by acquiring new agencies,” it added.
Updating the utilisation of the IPO proceeds amounting to RM17.5 million, Supreme said the allocation of RM4 million for working capital had been spent and RM2.5 million paid for listing expenses on the ACE market. The company has set aside RM11 million to fund the group’s expansion of warehouse facility project.
Last month, Supreme’s subsidiary Supreme Cold Storage Sdn Bhd entered into a sale and purchase agreement with Globalmas Sdn Bhd for the acquisition of a detached factory cum double-storey building in Demak Laut Industrial Park here for RM5.6 million.
Supreme intends to construct a new warehousing and cold storage facility on the acquired land that will serve as an additional distribution centre for the group.
As at March 31, 2025, the group’s total borrowings had increased to RM39.56 million from RM36.73 million (September 30, 2024).
