Annual Report 2025
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, year ended 30 September 2025 | 2024Group, year ended 30 September 2024 | Source |
|---|---|---|---|
| Income statement | |||
| RevenueRM'000 | 744,629 | 686,754 | PDF p. 93 |
| Cost of goods soldRM'000 | (408,530) | (380,517) | PDF p. 93 |
| Gross profitRM'000 | 336,099 | 306,237 | PDF p. 93 |
| Other item of income | |||
| Other operating incomeRM'000 | 7,257 | 28,471 | PDF p. 93 |
| Other items of expense | |||
| Administrative expensesRM'000 | (37,521) | (37,323) | PDF p. 93 |
| Selling and marketing expensesRM'000 | (216,301) | (197,128) | PDF p. 93 |
| Warehouse and distribution expensesRM'000 | (25,257) | (23,830) | PDF p. 93 |
| Write back of/(Loss allowance) on receivables, netRM'000 | 28 | (607) | PDF p. 93 |
| Other operating expensesRM'000 | (2,802) | (6,840) | PDF p. 93 |
| Finance costsRM'000 | (14,435) | (13,789) | PDF p. 93 |
| Income statement | |||
| Profit before income taxRM'000 | 47,068 | 55,191 | PDF p. 93 |
| Income tax expenseRM'000 | (16,902) | (4,638) | PDF p. 93 |
| Profit for the financial yearRM'000 | 30,166 | 50,553 | PDF p. 93 |
| Other comprehensive income: Items that may be reclassified subsequently to profit or loss | |||
| Exchange differences on translation of foreign operationsRM'000 | 707 | (6,781) | PDF p. 93 |
| Other comprehensive income: Items that will not be reclassified subsequently to profit or loss | |||
| Net fair value loss on financial assets at FVOCIRM'000 | (669) | (447) | PDF p. 93 |
| Other comprehensive income | |||
| Other comprehensive income for the financial year, net of taxRM'000 | 38 | (7,228) | PDF p. 93 |
| Comprehensive income | |||
| Total comprehensive incomeRM'000 | 30,204 | 43,325 | PDF p. 93 |
| Profit attributable to | |||
| Owners of the CompanyRM'000 | 30,166 | 50,553 | PDF p. 93 |
| Total comprehensive income attributable to | |||
| Owners of the CompanyRM'000 | 30,204 | 43,325 | PDF p. 93 |
| Earnings per share attributable to owners of the Company (RM sen) | |||
| Basic and dilutedRM sen per share | 9.92 | 16.62 | PDF p. 93 |
Original report: PDF p. 93 ↗
Currency RM'000 except EPS in RM sen. Profit attributable entirely to owners of the Company.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, as at 30 September 2025 | 2024Group, as at 30 September 2024 | 2025Company, as at 30 September 2025 | 2024Company, as at 30 September 2024 | Source |
|---|---|---|---|---|---|
| Non-current assets | |||||
| Property, plant and equipment*RM'000 | 301,569 | 293,450 | - | - | PDF p. 91 |
| Investment propertyRM'000 | 17,487 | 17,909 | - | - | PDF p. 91 |
| Investments in subsidiariesRM'000 | - | - | 368,387 | 355,991 | PDF p. 91 |
| Deferred tax assetsRM'000 | 308 | 308 | - | - | PDF p. 91 |
| Intangible assetsRM'000 | 29,206 | 29,269 | - | - | PDF p. 91 |
| SubtotalRM'000 | 366,052 | 359,053 | 374,540 | 362,710 | PDF p. 91 |
| Current assets | |||||
| InventoriesRM'000 | 67,289 | 58,472 | - | - | PDF p. 91 |
| Tax recoverableRM'000 | 2,616 | 1,928 | - | - | PDF p. 91 |
| Cash and bank balancesRM'000 | 71,478 | 41,961 | 6,448 | 848 | PDF p. 91 |
| SubtotalRM'000 | 198,256 | 186,696 | 35,156 | 60,311 | PDF p. 91 |
| Current liabilities | |||||
| Bank borrowingsRM'000 | 61,264 | 51,475 | - | - | PDF p. 91 |
| Lease liabilitiesRM'000 | 19,857 | 24,175 | - | - | PDF p. 91 |
| Current income tax payableRM'000 | 1,219 | 322 | - | - | PDF p. 91 |
| SubtotalRM'000 | 184,153 | 184,502 | 17,418 | 21,589 | PDF p. 91 |
| Current assets less current liabilities | |||||
| Net current assetsRM'000 | 14,103 | 2,194 | 17,738 | 38,722 | PDF p. 91 |
| Non-current liabilities | |||||
| Bank borrowingsRM'000 | 43,746 | 49,446 | - | - | PDF p. 91 |
| Lease liabilitiesRM'000 | 100,094 | 89,917 | - | - | PDF p. 91 |
| Provision for restoration costsRM'000 | 5,458 | 5,129 | - | - | PDF p. 91 |
| Deferred tax liabilitiesRM'000 | 2,948 | 2,737 | - | - | PDF p. 91 |
| SubtotalRM'000 | 152,246 | 163,542 | - | 14,313 | PDF p. 91 |
| Net assets | |||||
| Net assetsRM'000 | 227,909 | 197,705 | 392,278 | 387,119 | PDF p. 91 |
Original report: PDF p. 91 ↗
* Includes right-of-use assets (applies to Property, plant and equipment).
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, as at 30 September 2025 | 2024Group, as at 30 September 2024 | 2025Company, as at 30 September 2025 | 2024Company, as at 30 September 2024 | Source |
|---|---|---|---|---|---|
| Capital and reserves | |||||
| Share capitalRM'000 | 208,139 | 208,139 | 208,139 | 208,139 | PDF p. 92 |
| Treasury sharesRM'000 | (183) | (183) | (183) | (183) | PDF p. 92 |
| Accumulated profits/(losses)RM'000 | 20,771 | (9,395) | 145,666 | 145,488 | PDF p. 92 |
| Foreign currency translation reserveRM'000 | 29,767 | 28,670 | 66,847 | 60,808 | PDF p. 92 |
| Fair value reserveRM'000 | (28,191) | (27,132) | (28,191) | (27,133) | PDF p. 92 |
| Other reserveRM'000 | (2,394) | (2,394) | - | - | PDF p. 92 |
| Equity attributable to the owners of the Company/Total equityRM'000 | 227,909 | 197,705 | 392,278 | 387,119 | PDF p. 92 |
Original report: PDF p. 92 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, FY ended 30 September 2025 | 2024Group, FY ended 30 September 2024 | Source |
|---|---|---|---|
| Profit or loss | |||
| RevenueRM'000 | 744,629 | 686,754 | PDF p. 93 |
| Cost of goods soldRM'000 | (408,530) | (380,517) | PDF p. 93 |
| Gross profitRM'000 | 336,099 | 306,237 | PDF p. 93 |
| Other item of income | |||
| Other operating incomeRM'000 | 7,257 | 28,471 | PDF p. 93 |
| Other items of expense | |||
| Administrative expensesRM'000 | (37,521) | (37,323) | PDF p. 93 |
| Selling and marketing expensesRM'000 | (216,301) | (197,128) | PDF p. 93 |
| Warehouse and distribution expensesRM'000 | (25,257) | (23,830) | PDF p. 93 |
| Write back of/(Loss allowance) on receivables, netRM'000 | 28 | (607) | PDF p. 93 |
| Other operating expensesRM'000 | (2,802) | (6,840) | PDF p. 93 |
| Finance costsRM'000 | (14,435) | (13,789) | PDF p. 93 |
| Profit or loss | |||
| Profit before income taxRM'000 | 47,068 | 55,191 | PDF p. 93 |
| Income tax expenseRM'000 | (16,902) | (4,638) | PDF p. 93 |
| Profit for the financial yearRM'000 | 30,166 | 50,553 | PDF p. 93 |
| Other comprehensive income - items that may be reclassified subsequently to profit or loss | |||
| Exchange differences on translation of foreign operationsRM'000 | 707 | (6,781) | PDF p. 93 |
| Other comprehensive income - items that will not be reclassified subsequently to profit or loss | |||
| Net fair value loss on financial assets at FVOCIRM'000 | (669) | (447) | PDF p. 93 |
| Other comprehensive income | |||
| Other comprehensive income for the financial year, net of taxRM'000 | 38 | (7,228) | PDF p. 93 |
| Total comprehensive income | |||
| Total comprehensive incomeRM'000 | 30,204 | 43,325 | PDF p. 93 |
| Profit attributable to | |||
| Owners of the CompanyRM'000 | 30,166 | 50,553 | PDF p. 93 |
| Total comprehensive income attributable to | |||
| Owners of the CompanyRM'000 | 30,204 | 43,325 | PDF p. 93 |
| Earnings per share attributable to owners of the Company | |||
| Basic and dilutedRM sen | 9.92 | 16.62 | PDF p. 93 |
Original report: PDF p. 93 ↗
Note column omitted from values. Profit and total comprehensive income attributable entirely to Owners of the Company; no non-controlling interests shown.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, FY ended 30 September 2025 | 2024Group, FY ended 30 September 2024 | Source |
|---|---|---|---|
| Operating activities | |||
| Profit before income taxRM'000 | 47,068 | 55,191 | PDF p. 98 |
| Operating activities - Adjustments for | |||
| Depreciation of property, plant and equipment*RM'000 | 41,710 | 39,313 | PDF p. 98 |
| Finance costsRM'000 | 14,435 | 13,789 | PDF p. 98 |
| Foreign currency exchange loss/(gain), netRM'000 | 568 | (7,406) | PDF p. 98 |
| Property, plant and equipment written offRM'000 | 492 | 501 | PDF p. 98 |
| Amortisation of intangible assetsRM'000 | 751 | 572 | PDF p. 98 |
| Depreciation of investment propertyRM'000 | 422 | 422 | PDF p. 98 |
| Gain on lease modifications and lease terminationsRM'000 | (2,360) | (2,578) | PDF p. 98 |
| Loss on disposal of a subsidiaryRM'000 | - | 4,852 | PDF p. 98 |
| Impairment of property, plant and equipment, netRM'000 | 171 | 284 | PDF p. 98 |
| Interest incomeRM'000 | (984) | (301) | PDF p. 98 |
| (Write back of)/Loss allowance on receivables, netRM'000 | (28) | 607 | PDF p. 98 |
| Rent concessionRM'000 | (195) | (277) | PDF p. 98 |
| Gain on disposal of assets classified as held for saleRM'000 | - | (13,872) | PDF p. 98 |
| Gain on disposal of property, plant and equipment, netRM'000 | (192) | (17) | PDF p. 98 |
| Operating activities | |||
| Operating profit before working capital changesRM'000 | 101,858 | 91,080 | PDF p. 98 |
| Operating activities - Working capital changes | |||
| InventoriesRM'000 | (8,816) | (5,676) | PDF p. 98 |
| Trade and other receivablesRM'000 | (12,439) | (2,407) | PDF p. 98 |
| Trade and other payablesRM'000 | (5,417) | (5,742) | PDF p. 98 |
| Operating activities | |||
| Cash generated from operationsRM'000 | 75,186 | 77,255 | PDF p. 98 |
| Interest paidRM'000 | (1,901) | (1,149) | PDF p. 98 |
| Income tax paid, netRM'000 | (16,146) | (5,858) | PDF p. 98 |
| Net cash generated from operating activitiesRM'000 | 57,139 | 70,248 | PDF p. 98 |
| Investing activities | |||
| Interest receivedRM'000 | 984 | 301 | PDF p. 98 |
| Proceeds from disposal of a subsidiaryRM'000 | - | 30,745 | PDF p. 98 |
| Proceeds from disposal of assets classified as held for saleRM'000 | 33,674 | 17,617 | PDF p. 98 |
| Proceeds from disposal of property, plant and equipmentRM'000 | 257 | 36 | PDF p. 98 |
| Purchase of property, plant and equipmentRM'000 | (16,402) | (4,086) | PDF p. 98 |
| Purchase of intangible assetsRM'000 | (688) | (1,081) | PDF p. 98 |
| Net cash generated from investing activitiesRM'000 | 17,825 | 43,532 | PDF p. 98 |
| Financing activities | |||
| Interest paidRM'000 | (12,534) | (12,640) | PDF p. 99 |
| Advances from DirectorRM'000 | 3,780 | 2,640 | PDF p. 99 |
| Repayment to DirectorRM'000 | (18,093) | (510) | PDF p. 99 |
| Repayment to a third partyRM'000 | (3,475) | - | PDF p. 99 |
| Repayment of lease obligationsRM'000 | (25,506) | (24,850) | PDF p. 99 |
| Drawdown of bank borrowingsRM'000 | 162,591 | 132,188 | PDF p. 99 |
| Repayment of bank borrowingsRM'000 | (157,913) | (190,300) | PDF p. 99 |
| Net cash used in financing activitiesRM'000 | (51,150) | (93,472) | PDF p. 99 |
| Net change in cash | |||
| Net change in cash and cash equivalentsRM'000 | 23,814 | 20,308 | PDF p. 99 |
| Cash and cash equivalents at beginning of the financial yearRM'000 | 35,959 | 15,663 | PDF p. 99 |
| Effect of exchange rate changesRM'000 | (34) | (12) | PDF p. 99 |
| Cash and cash equivalents at end of the financial yearRM'000 | 59,739 | 35,959 | PDF p. 99 |
Original report: PDF p. 98 ↗ PDF p. 99 ↗
* Included depreciation of right-of-use assets (footnote to Depreciation of property, plant and equipment).
Statement spans physical pages 98-99; Note column omitted from values.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group - Share capital | 2025Group - Treasury shares | 2025Group - Foreign currency translation reserve | 2025Group - Fair value reserve | 2025Group - Other reserve | 2025Group - Accumulated (losses)/profits | 2025Group - Total equity | Source |
|---|---|---|---|---|---|---|---|---|
| Opening balance | ||||||||
| At 1 October 2024RM'000 | 208,139 | (183) | 28,670 | (27,132) | (2,394) | (9,395) | 197,705 | PDF p. 94 |
| Total comprehensive income for the year | ||||||||
| Profit for the financial yearRM'000 | - | - | - | - | - | 30,166 | 30,166 | PDF p. 94 |
| Other comprehensive income | ||||||||
| Exchange differences on translation of foreign operationsRM'000 | - | - | 1,097 | (390) | - | - | 707 | PDF p. 94 |
| Net fair value loss on financial assets at FVOCIRM'000 | - | - | - | (669) | - | - | (669) | PDF p. 94 |
| Total other comprehensive income, net of taxRM'000 | - | - | 1,097 | (1,059) | - | - | 38 | PDF p. 94 |
| Total comprehensive income for the year | ||||||||
| Total comprehensive incomeRM'000 | - | - | 1,097 | (1,059) | - | 30,166 | 30,204 | PDF p. 94 |
| Closing balance | ||||||||
| At 30 September 2025RM'000 | 208,139 | (183) | 29,767 | (28,191) | (2,394) | 20,771 | 227,909 | PDF p. 94 |
Original report: PDF p. 94 ↗
Attributable to owners of the Company; no non-controlling interest column. Columns in printed order; values all RM'000.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group - Share capital | 2024Group - Treasury shares | 2024Group - Foreign currency translation reserve | 2024Group - Fair value reserve | 2024Group - Other reserve | 2024Group - Accumulated losses | 2024Group - Total equity | Source |
|---|---|---|---|---|---|---|---|---|
| Opening balance | ||||||||
| At 1 October 2023RM'000 | 208,139 | (183) | 37,303 | (28,537) | (2,394) | (59,948) | 154,380 | PDF p. 95 |
| Total comprehensive income for the year | ||||||||
| Profit for the financial yearRM'000 | - | - | - | - | - | 50,553 | 50,553 | PDF p. 95 |
| Other comprehensive income | ||||||||
| Exchange differences on translation of foreign operationsRM'000 | - | - | (8,633) | 1,852 | - | - | (6,781) | PDF p. 95 |
| Net fair value loss on financial assets at FVOCIRM'000 | - | - | - | (447) | - | - | (447) | PDF p. 95 |
| Total other comprehensive income, net of taxRM'000 | - | - | (8,633) | 1,405 | - | - | (7,228) | PDF p. 95 |
| Total comprehensive income for the year | ||||||||
| Total comprehensive incomeRM'000 | - | - | (8,633) | 1,405 | - | 50,553 | 43,325 | PDF p. 95 |
| Closing balance | ||||||||
| At 30 September 2024RM'000 | 208,139 | (183) | 28,670 | (27,132) | (2,394) | (9,395) | 197,705 | PDF p. 95 |
Original report: PDF p. 95 ↗
Attributable to owners of the Company; no non-controlling interest column. Values all RM'000.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Company - Share capital | 2025Company - Treasury shares | 2025Company - Foreign currency translation reserve | 2025Company - Fair value reserve | 2025Company - Accumulated profits | 2025Company - Total equity | Source |
|---|---|---|---|---|---|---|---|
| Opening balance | |||||||
| At 1 October 2024RM'000 | 208,139 | (183) | 60,808 | (27,133) | 145,488 | 387,119 | PDF p. 96 |
| Total comprehensive income for the year | |||||||
| Profit for the financial yearRM'000 | - | - | - | - | 178 | 178 | PDF p. 96 |
| Other comprehensive income | |||||||
| Exchange differences on translationRM'000 | - | - | 6,039 | (389) | - | 5,650 | PDF p. 96 |
| Net fair value loss on financial assets at FVOCIRM'000 | - | - | - | (669) | - | (669) | PDF p. 96 |
| Total other comprehensive income, net of taxRM'000 | - | - | 6,039 | (1,058) | - | 4,981 | PDF p. 96 |
| Total comprehensive income for the year | |||||||
| Total comprehensive incomeRM'000 | - | - | 6,039 | (1,058) | 178 | 5,159 | PDF p. 96 |
| Closing balance | |||||||
| At 30 September 2025RM'000 | 208,139 | (183) | 66,847 | (28,191) | 145,666 | 392,278 | PDF p. 96 |
Original report: PDF p. 96 ↗
Values all RM'000.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Company - Share capital | 2024Company - Treasury shares | 2024Company - Foreign currency translation reserve | 2024Company - Fair value reserve | 2024Company - Accumulated profits | 2024Company - Total equity | Source |
|---|---|---|---|---|---|---|---|
| Opening balance | |||||||
| At 1 October 2023RM'000 | 208,139 | (183) | 89,165 | (28,538) | 121,799 | 390,382 | PDF p. 97 |
| Total comprehensive income for the year | |||||||
| Profit for the financial yearRM'000 | - | - | - | - | 23,689 | 23,689 | PDF p. 97 |
| Other comprehensive income | |||||||
| Exchange differences on translationRM'000 | - | - | (28,357) | 1,852 | - | (26,505) | PDF p. 97 |
| Net fair value loss on financial assets at FVOCIRM'000 | - | - | - | (447) | - | (447) | PDF p. 97 |
| Total other comprehensive income, net of taxRM'000 | - | - | (28,357) | 1,405 | - | (26,952) | PDF p. 97 |
| Total comprehensive income for the year | |||||||
| Total comprehensive incomeRM'000 | - | - | (28,357) | 1,405 | 23,689 | (3,263) | PDF p. 97 |
| Closing balance | |||||||
| At 30 September 2024RM'000 | 208,139 | (183) | 60,808 | (27,133) | 145,488 | 387,119 | PDF p. 97 |
Original report: PDF p. 97 ↗
Values all RM'000.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group FY2021 | 2022Group FY2022 | 2023Group FY2023 | 2024Group FY2024 | 2025Group FY2025 | Source |
|---|---|---|---|---|---|---|
| KEY FINANCIAL INFORMATION | ||||||
| Revenue (RM’000)RM'000 | 382,122 | 515,582 | 566,074 | 686,754 | 744,629 | PDF p. 25 |
| Shareholders’ equity (RM’000)RM'000 | 161,555 | 158,732 | 154,380 | 197,705 | 227,909 | PDF p. 25 |
| Weighted average number of sharesshares | 247,114,403 | 247,114,403 | 295,738,187 | 304,181,353 | 304,181,353 | PDF p. 25 |
| KEY FINANCIAL RATIO | ||||||
| Return on equity (%)% | (29.9) | (4.0) | (21.3) | 25.6 | 13.2 | PDF p. 25 |
Original report: PDF p. 25 ↗
# Includes the one-off impairment of property, plant and equipment and intangible assets of RM3.7 million and a reversal of impairment of RM8.2 million.
^ Includes the one-time net gain on disposal of land and assets of RM16.8 million.
@ Includes the one-time net gain on disposal of assets and a subsidiary of RM8.0 million.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2022Group | 2023Group | 2024Group | 2025Group | Source |
|---|---|---|---|---|---|---|
| Financial Highlights charts | ||||||
| REVENUE (RM’000)RM'000 | 382,122 | 515,582 | 566,074 | 686,754 | 744,629 | PDF p. 26 |
| PROFIT/(LOSS) AFTER TAX (RM’000)RM'000 | (48,401) | (6,387) | (32,854) | 50,553 | 30,166 | PDF p. 26 |
Original report: PDF p. 26 ↗
Chart data labels; the year axis is printed 2021 to 2025.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Numerator | |||
| Net profit attributable to owners of the Company for the financial year (RM’000)RM'000 | 30,166 | 50,553 | PDF p. 139 |
| Denominator | |||
| Weighted average number of ordinary shares in issue during the financial year (’000)'000 shares | 304,181 | 304,181 | PDF p. 139 |
Original report: PDF p. 139 ↗
The diluted earnings per share is the same as basic earnings per share as the Group does not have diluted potential ordinary shares.
Basic earnings per share is calculated by dividing the Group’s earnings after income tax attributable to the equity holders of the Company by the weighted average number of ordinary shares in issue during the financial year.
Where the money comes from
| Item / unit | 2025Food Services | 2025Trading and Frozen Food | 2025Dairies | 2025Unallocated | 2025Total Group | Source |
|---|---|---|---|---|---|---|
| Revenue | ||||||
| Total revenueRM'000 | 460,082 | 142,868 | 238,416 | 28,568 | 869,934 | PDF p. 142 |
| Intersegment revenueRM'000 | - | (3,038) | (93,699) | (28,568) | (125,305) | PDF p. 142 |
| Revenue from external customersRM'000 | 460,082 | 139,830 | 144,717 | - | 744,629 | PDF p. 142 |
| Results | ||||||
| Segment resultsRM'000 | 55,781 | 11,404 | 7,663 | (14,329) | 60,519 | PDF p. 142 |
| Interest incomeRM'000 | 758 | 74 | 100 | 52 | 984 | PDF p. 142 |
| Finance costsRM'000 | (10,379) | (328) | (3,213) | (515) | (14,435) | PDF p. 142 |
| Profit/(Loss) before income taxRM'000 | 46,160 | 11,150 | 4,550 | (14,792) | 47,068 | PDF p. 142 |
| Income tax expenseRM'000 | (14,015) | (2,009) | (34) | (844) | (16,902) | PDF p. 142 |
| Profit/(Loss) for the financial yearRM'000 | 32,145 | 9,141 | 4,516 | (15,636) | 30,166 | PDF p. 142 |
| Other information | ||||||
| Additions to property, plant and equipment**RM'000 | 62,220 | 1,505 | 1,164 | 608 | 65,497 | PDF p. 142 |
| Additions to intangible assetsRM'000 | 528 | 68 | 92 | - | 688 | PDF p. 142 |
| Depreciation and amortisationRM'000 | 36,143 | 1,517 | 2,970 | 2,253 | 42,883 | PDF p. 142 |
| Loss allowance on/(Write back of) receivables, netRM'000 | - | 72 | (100) | - | (28) | PDF p. 142 |
| Property, plant and equipment written offRM'000 | 472 | 20 | - | - | 492 | PDF p. 142 |
| Gain on disposal of property, plant and equipment, netRM'000 | (51) | (64) | - | (77) | (192) | PDF p. 142 |
| Gain on lease modificationsRM'000 | (2,360) | - | - | - | (2,360) | PDF p. 142 |
| Impairment on property, plant and equipment, netRM'000 | 171 | - | - | - | 171 | PDF p. 142 |
^ Unallocated segment assets primarily comprise of financial assets at FVOCI, property, plant and equipment and investment property of the Company and certain subsidiaries amounting to RM6,153,000, RM32,190,000 and RM17,487,000, respectively which are not attributable to the reporting segments.
# Unallocated segment liabilities primarily comprise of bank borrowings of a subsidiary amounting to RM6,802,000 which are not attributable to the respective reporting segments.
** Included right-of-use assets.
| Item / unit | 2024Food Services | 2024Trading and Frozen Food | 2024Dairies | 2024Food Processing | 2024Unallocated | 2024Total Group | Source |
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Total revenueRM'000 | 426,718 | 141,530 | 222,774 | - | 14,214 | 805,236 | PDF p. 143 |
| Intersegment revenueRM'000 | - | (10,680) | (93,588) | - | (14,214) | (118,482) | PDF p. 143 |
| Revenue from external customersRM'000 | 426,718 | 130,850 | 129,186 | - | - | 686,754 | PDF p. 143 |
| Results | |||||||
| Segment resultsRM'000 | 51,032 | 9,964 | 5,446 | (11) | 2,248 | 68,679 | PDF p. 143 |
| Interest incomeRM'000 | 172 | 86 | 41 | - | 2 | 301 | PDF p. 143 |
| Finance costsRM'000 | (9,474) | (481) | (3,082) | (136) | (616) | (13,789) | PDF p. 143 |
| Profit/(Loss) before income taxRM'000 | 41,730 | 9,569 | 2,405 | (147) | 1,634 | 55,191 | PDF p. 143 |
| Income tax expenseRM'000 | (2,314) | (1,978) | - | - | (346) | (4,638) | PDF p. 143 |
| Profit/(Loss) for the financial yearRM'000 | 39,416 | 7,591 | 2,405 | (147) | 1,288 | 50,553 | PDF p. 143 |
| Other information | |||||||
| Additions to property, plant and equipment**RM'000 | 47,265 | 1,194 | 145 | - | 487 | 49,091 | PDF p. 144 |
| Additions to intangible assetsRM'000 | 208 | 870 | 3 | - | - | 1,081 | PDF p. 144 |
| Depreciation and amortisationRM'000 | 33,698 | 1,453 | 2,908 | - | 2,248 | 40,307 | PDF p. 144 |
| Loss allowance on/(Write back of) receivables, netRM'000 | - | 311 | 304 | - | (8) | 607 | PDF p. 144 |
| Property, plant and equipment written offRM'000 | 384 | 117 | - | - | - | 501 | PDF p. 144 |
| Gain on disposal of assets classified as held for saleRM'000 | - | (141) | - | - | (13,731) | (13,872) | PDF p. 144 |
| Gain on disposal of property, plant and equipment, netRM'000 | - | (17) | - | - | - | (17) | PDF p. 144 |
| Gain on lease modificationsRM'000 | (2,578) | - | - | - | - | (2,578) | PDF p. 144 |
| Loss on disposal of a subsidiaryRM'000 | - | - | - | - | 4,852 | 4,852 | PDF p. 144 |
| Impairment on property, plant and equipment, netRM'000 | 284 | - | - | - | - | 284 | PDF p. 144 |
^ Unallocated segment assets primarily comprise of financial assets at FVOCI, property, plant and equipment and investment property of the Company and certain subsidiaries amounting to RM6,719,000, RM33,413,000 and RM17,909,000, respectively which are not attributable to the reporting segments.
# Unallocated segment liabilities primarily comprise of bank borrowings of certain subsidiaries amounting to RM7,889,000 which are not attributable to the respective reporting segments.
** Included right-of-use assets.
Other information rows are on page 144; the table header there repeats the same columns.
| Item / unit | 2025Malaysia | 2025Africa | 2025ASEAN (excluding Malaysia) | 2025America | 2025Total | Source |
|---|---|---|---|---|---|---|
| Revenue | ||||||
| Total revenue from external customersRM'000 | 730,619 | 8,480 | 5,530 | - | 744,629 | PDF p. 145 |
| Non-current assets | ||||||
| Segment non-current assetsRM'000 | 348,262 | - | - | - | 348,262 | PDF p. 145 |
Revenue is based on the country in which the customer is located. Segment non-current assets consist primarily of non-current assets other than financial instruments and deferred tax assets, shown by geographical area in which the assets are located.
| Item / unit | 2024Malaysia | 2024Africa | 2024ASEAN (excluding Malaysia) | 2024America | 2024Total | Source |
|---|---|---|---|---|---|---|
| Revenue | ||||||
| Total revenue from external customersRM'000 | 677,745 | 3,369 | 5,498 | 142 | 686,754 | PDF p. 145 |
| Non-current assets | ||||||
| Segment non-current assetsRM'000 | 340,628 | - | - | - | 340,628 | PDF p. 145 |
Revenue is based on the country in which the customer is located. Segment non-current assets are shown by geographical area in which the assets are located.
Debt
| Item / unit | 2025Group minimum lease payments RM'000 | 2025Group future finance charges RM'000 | 2025Group present value of lease payments RM'000 | 2024Group minimum lease payments RM'000 | 2024Group future finance charges RM'000 | 2024Group present value of lease payments RM'000 | Source |
|---|---|---|---|---|---|---|---|
| Within one yearRM'000 | 27,295 | (7,438) | 19,857 | 31,175 | (7,000) | 24,175 | PDF p. 130 |
| After one year but within five yearsRM'000 | 68,073 | (20,017) | 48,056 | 65,391 | (17,139) | 48,252 | PDF p. 130 |
| After five yearsRM'000 | 88,623 | (36,585) | 52,038 | 71,063 | (29,398) | 41,665 | PDF p. 130 |
Printed sub-blocks: first block (156,696 / (56,602) / 100,094) and overall total (183,991 / (64,040) / 119,951); the report prints the sub-block heading lines blank in the extracted text. Denominated in Ringgit Malaysia.
Overall total printed 167,629 / (53,537) / 114,092.
| Item / unit | 2025Group RM'000 | 2024Group RM'000 | Source |
|---|---|---|---|
| Current liabilities - Secured | |||
| Banker’s acceptanceRM'000 | 38,385 | 32,947 | PDF p. 128 |
| Revolving creditRM'000 | 1,000 | - | PDF p. 128 |
| Bank overdraftRM'000 | - | 588 | PDF p. 128 |
| Term loansRM'000 | 21,879 | 17,940 | PDF p. 128 |
| Current liabilities - Secured - Term loans | |||
| - Fixed rateRM'000 | 3,675 | 3,453 | PDF p. 128 |
| - Floating rateRM'000 | 18,204 | 14,487 | PDF p. 128 |
| Non-current liabilities - Secured - Term loans | |||
| - Fixed rateRM'000 | 10,987 | 14,662 | PDF p. 128 |
| - Floating rateRM'000 | 32,759 | 34,784 | PDF p. 128 |
| Total | |||
| Total bank borrowingsRM'000 | 105,010 | 100,921 | PDF p. 128 |
All borrowings shown as Secured. Carrying amounts approximate fair values. Denominated in Ringgit Malaysia (page 129). Secured against company corporate guarantee, pledges of land/buildings/investment property and fixed deposits, and a debenture over a subsidiary's assets. Unutilised banking facilities RM128,307,000 (2024: RM43,432,000).
| Item / unit | 2025Group % | 2024Group % | Source |
|---|---|---|---|
| Effective interest rates | |||
| Revolving credit% | 4.94 | - | PDF p. 128 |
| Bank overdraft% | - | 8.15 | PDF p. 128 |
Effective interest rates as printed.
| Item / unit | 2025Group RM'000 | 2024Group RM'000 | Source |
|---|---|---|---|
| Non-current bank borrowings repayable | |||
| After one yearRM'000 | 14,329 | 14,307 | PDF p. 129 |
| Two to five yearsRM'000 | 29,000 | 35,139 | PDF p. 129 |
| More than five yearsRM'000 | 417 | - | PDF p. 129 |
Non-current bank borrowings are repayable as follows.
| Item / unit | 2025Group RM'000 | 2024Group RM'000 | Source |
|---|---|---|---|
| Lease liabilities | |||
| At 30 SeptemberRM'000 | 119,951 | 114,092 | PDF p. 130 |
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend | The Company does not have a fixed policy on payment of dividend. The Board will consider the Group’s earnings, cash flow, capital requirement and general business condition before proposing a dividend. | Company policy | PDF p. 65 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend | For FY2025, the Company did not declare any dividend. | FY2025 | PDF p. 65 |
Extracted from Annual Report 2025 and checked against the cited pages; see the original report for full context.
Auditor’s report
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Independent auditor | BDO LLP | Group and Company, FY ended 30 September 2025 | PDF p. 90 |
| Engagement partner | Ng Kian Hui | Group and Company, FY ended 30 September 2025 | PDF p. 90 |
| Opinion | In our opinion the accompanying consolidated financial | Group and Company, FY ended 30 September 2025 | PDF p. 86 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Impairment of property, plant and equipment | Impairment of property, plant and equipment | Group, as at 30 September 2025 · As at 2025-09-30 | PDF p. 87 |
| Impairment of property, plant and equipment | Due to significant management judgement and estimation | Group, as at 30 September 2025 · As at 2025-09-30 | PDF p. 87 |
| Impairment of intangible assets | Impairment of intangible assets | Group, as at 30 September 2025 · As at 2025-09-30 | PDF p. 88 |
| Impairment of intangible assets | Due to significant management judgement and estimation | Group, as at 30 September 2025 · As at 2025-09-30 | PDF p. 88 |
Extracted from Annual Report 2025 and checked against the cited pages; see the original report for full context.
Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.
Comparative figures follow Annual Report 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.