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New Straits Times
4 days ago
- Business
- New Straits Times
Apollo Food's Q4 earnings jump 50pct on higher sales, trims annual dividend
KUALA LUMPUR: Apollo Food Holdings Bhd's net profit for the fourth quarter ended April 30, 2025, surged 50 per cent year-on-year to RM9.46 million from RM6.30 million previously, driven by higher sales and lower operating expenses. Revenue for the quarter rose 28 per cent to RM73.27 million from RM57.20 million, underpinned by stronger domestic and export sales, the group said in a filing with Bursa Malaysia today. The group attributed the improved profitability to operational cost savings, despite a volatile macroeconomic environment. For the full year, earnings fell 26 per cent to RM40.18 million from RM54.13 million, despite a 17 per cent increase in revenue to RM298.42 million from RM255.27 million. The stronger topline was supported by both manufacturing and investment income streams. Basic earnings per share for the quarter stood at 11.82 sen, up from 7.87 sen a year earlier. For the full year, earnings per share declined to 50.22 sen from 67.66 sen. As at end-April, Apollo held RM116.72 million in cash and cash equivalents, up from RM104.31 million a year earlier. Total liabilities increased to RM28.17 million from RM21.72 million, while net assets per share improved to RM2.96 from RM2.81. The group has declared a second interim dividend of 20 sen per share, payable on July 23. This brings the total dividend for the year to 50 sen, down from 70 sen declared in the previous financial year. Managing director Cheah Jia Ming said the company delivered record revenue and operational results for financial year 2025 despite a challenging external environment. "This reflects the effectiveness of our proactive sales strategies and the improvements we have made in operational discipline and cost management over the past year, which have strengthened our core fundamentals," he said in a statement. Looking ahead, he said the company would continue the rationalisation of its manufacturing facilities and execute its capacity expansion plans. "These initiatives are key to enhancing productivity and maximising cost efficiency, setting the stage for further growth," he added. He also said consumers can expect to see more of Apollo's products on shelves, backed by stronger brand visibility and engagement. This is part of the company's strategy to strengthen brand relevance and connect with the next generation of consumers.
The Star
5 days ago
- Business
- The Star
Apollo Food ends FY25 on a high note, eyes continued growth
File pic – Apollo Food website KUALA LUMPUR: Apollo Food Holdings Bhd aims to continue the rationalisation of its manufacturing facilities and the execution of its capacity expansion plans in the financial year ending April 30, 2026 (FY26). 'These initiatives are key to enhancing productivity and maximising cost efficiency, setting the stage for further growth. That said, we remain cautious of ongoing fluctuations in raw material prices as well as broader macroeconomic uncertainties, and will continue to manage input costs and operating risks prudently,' managing director Cheah Jia Ming said in a statement. In the fourth quarter ended March 30, 2025 (4Q25), Apollo's net profit jumped 50.1% to RM9.4mil, or 11.82 sen per share, bringing FY26 profit to RM40.2mil, or 50.22 sen per share. The confectionery maker's Revenue in 4Q25 rose 28.1% to RM73.3mil, bringing its full-year revenue to a record of RM298.4mil. Apollo said that, excluding a non-operational gain of RM18.6mil from the disposal of properties in the previous financial year, its FY25 net profit rose 13% year-on-year, marking the highest operational net profit in the group's history. The company also declared a second interim dividend of 20 sen per share, payable on July 23. Together with the first interim dividend of 30 sen paid earlier in the financial year, the total dividend payout ratio for FY25 stands at 100%. Cheah said that in the coming financial year, the company will implement marketing plans aimed at re-engaging with the market in a more significant way. 'After many years of subdued branding activities, Apollo will be stepping up its presence through refreshed marketing initiatives and improved product visibility. 'Consumers can expect to see more of our products on shelves, supported by stronger brand visibility and engagement. These efforts are part of our strategy to strengthen brand relevance and deepen our connection with the next generation of consumers', he added.
