KUCHING: Drop in sales of frozen and chilled food products has eroded Supreme Consolidated Resources Bhd’s latest quarterly earnings, as their group net profit fell to RM1.74 million from RM3.04 million a year ago with revenue shrank to RM57.2 million from RM60.6 million in third quarter to June 30, 2025 (3Q2025).
The company’s earnings per share declined to 0.41sen from 2.17sen. In the current quarter under review, Supreme revenue from frozen and chilled food & beverages (F&B) was down to about RM51 million (3Q2024:RM55.6 million) but ambient F&B revenue rose to about RM6.2 million (RM5.1 million).
There was no sales to Myanmar in the current quarter as compared to sales worth RM799,000 a year ago.
Supreme said the 5.7 per cent drop in revenue was because of lower sales following the festive peak.
In the immediate preceding quarter (2Q2025), Supreme delivered better earnings with after-tax profit of RM3.14 million (3Q2025:RM1.74 million) on significantly higher revenue of RM67 million (RM57.2 million).
The 14.6 per cent drop in revenue resulted in a 2.76 per cent decline in gross profit margin.
On a nine-month period in 2025 (9M2025), Supreme posted lower group net profit of RM7.24 million (9M2024:RM7.8 million) despite higher revenue of RM180.4 million (RM172.3 million).
Year-on-year, group revenue jumped by RM8.13 million (+4.7%) as sales for frozen and chilled products to wholesalers and retailers increased by RM9.72 million.
The growth in revenue resulted in a 9.1 per cent rise in gross profit to RM21.27 million from RM19.5 million registered in 9M2024.
Supreme, its listing of which was recently transferred to ACE Market from LEAP Market, said the drop in pre-tax profit to RM7.24 million from RM7.8 million was due to onetime costs related to the corporate and listing exercise on ACE Market and net impairment gain on financial assets previously.
Going forward, Supreme said it is optimistic of its prospects and outlook for the current financial year.
“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,” added the company.
