Cropmate Berhad (“Cropmate” or the “Company”), a key player in the conventional and specialty fertiliser manufacturing industry in Malaysia, announced its financial results for the third quarter ended 30 September 2025 (“Q3 FY2025”), delivering another resilient performance underpinned by stronger sales volume and steady demand from domestic agriculture player.
Cropmate posted revenue of RM60.9 million in Q3 FY2025, reflecting a 33.0% quarter-on-quarter (“QoQ”) increase from RM45.7 million in Q2 FY2025, driven mainly by stronger fertiliser sales volume.
PBT also rose 21.3% QoQ, improving from RM4.6 million to RM5.6 million as higher volumes translated into improved profitability. The Group’s gross profit margin remained steady at 15.4%, underscoring stable cost structures and disciplined product mix management.
On a year-on-year (“YoY”) basis, revenue increased 34.2% from RM45.3 million in Q3 FY2024 to RM60.9 million in Q3 FY2025, supported by continued demand from agriculture sector.
Correspondingly, PBT expanded 16.0% YoY, rising from RM4.8 million to RM5.6 million, driven by higher sales and consistent operational performance.
Local sales remained the key anchor, contributing 95.3% of total revenue for the quarter, complemented by steady export demand from Singapore, Sri Lanka, Mauritius, Vietnam, Indonesia and Japan.
Managing Director of Cropmate Berhad, Mr. Lee Chin Yok, commented,
“Our third-quarter performance reflects the continued strength of Malaysia’s agriculture ecosystem and our ability to support growers with reliable, quality fertiliser solutions.
Higher sales volume this quarter demonstrates healthy demand from key crop segments. We remain focused on operational efficiency and disciplined cost management to preserve margins while positioning the Group for long-term expansion.”
As at 30 September 2025, the Company has utilised RM24.3 million from its IPO proceeds of RM42.0 million. The funds were channelled towards working capital, capital expenditure, listing expenses, and partial financing for the proposed acquisitions of Factory Lots 8949 and 8950.
The Company is also progressing with its proposed disposal of Lot 51, with all three corporate exercises currently pending completion.
Mr. Lee added,
“Looking ahead, fertiliser demand will continue to track developments within the broader agriculture sector, particularly in oil palm and durian plantations. While external risks such as commodity price movements and geopolitical uncertainties may influence grower sentiment, we remain cautiously optimistic.
Our ongoing capital investments, including property acquisitions and facility enhancements, are aligned with strengthening Cropmate’s operational scale, market coverage, and product innovation capabilities.”
