KUCHING: Supreme Consolidated Resources Bhd has reported a singledigit growth in group revenue to approximately RM56.2 million for the first quarter ended December 31, 2025 (1Q2025), compared to RM51.8 million a year ago. This increase boosted the group’s net profit to RM2.37 million from RM2 million.
However, the company’s earnings per share (EPS) declined to 0.62 sen from 1.67 sen, as Supreme’s total number of issued shares increased significantly following its recent transfer from the LEAP Market to the ACE Market. Supreme attributed the RM4.35 million (+8.4 per cent) increase in group revenue for the quarter to higher sales of RM4.1 million in frozen and chilled food products, mainly from bulk purchases by wholesalers and retail customers.
“Gross profit increased by 12.33 per cent, from RM6.29 million to RM7.06 million, for the quarter ended December 31, 2024, compared to the corresponding quarter last year.
This was mainly driven by an 8.40 per cent increase in revenue. “Profit after tax rose from RM2.01 million to RM2.37 million, primarily due to higher revenue and a RM0.18 million write-back of impairment losses on trade receivables,” Supreme stated in its explanatory notes on the financial results. Compared to the preceding quarter (4Q2024), Supreme delivered improved performance in the current quarter, with group revenue increasing by RM1.45 million (+2.64 per cent), mainly due to festive sales of frozen and chilled products to the retail sector
. “Gross profit increased by 19.59 per cent, from RM5.90 million to RM7.06 million, for the quarter ended December 31, 2024, compared to the preceding quarter ended September 30, 2024. This was mainly due to an increase in gross profit margin from 10.79 per cent to 12.57 per cent. The lower margin in the previous quarter was attributed to higher bulk sales of frozen meat at lower profit margins.
“Profit after tax increased from RM2.22 million to RM2.37 million, mainly driven by higher revenue and gross profit,” it added. According to Supreme, the overall effective tax rate for both the current and preceding quarters was higher than the statutory tax rate of 24 per cent, mainly due to nondeductible expenses and RM0.4 million in expenses related to the company’s listing on the ACE Market of Bursa Malaysia for the current quarter under review. Commenting on the group’s prospects for the current financial year, Supreme stated that by leveraging its competitive strengths, it will continue to explore new business opportunities with both existing and potential customers. “
We will expand our product range to align with customer needs and enhance our agency portfolio by acquiring new agencies. Additionally, we plan to expand our network and strengthen our distribution reach in Sarawak and Sabah, either through the acquisition of suitable distributors or by establishing our own distribution network. “The group remains optimistic about its prospects and outlook,” the company added. Regarding the utilisation of proceeds from its RM17.5 million initial public offering (IPO) on the ACE Market, Supreme reported that RM2.5 million (14.28 per cent) has been used for listing expenses. RM11 million (62.86 per cent) is allocated for warehouse expansion and will be utilised within 36 months, while RM4 million (22.86 per cent) is designated for working capital and will be utilised within 24 months.
