Cropmate Berhad (“Cropmate” or the “Company”), a key player in Malaysia’s conventional and specialty fertiliser manufacturing industry, today held its Third Annual General Meeting (“3rd AGM”), where shareholders approved all resolutions tabled, reflecting continued support for the Company’s strategic direction and long-term growth plans.
Among the resolutions approved were the payment of a final single-tier dividend of 0.6 sen per ordinary share for the financial year ended 31 December 2025 (“FY2025”), the re-election of Directors, the re-appointment of Messrs Kreston John & Gan as Auditors of the Company, and the renewal of the general mandate for Directors to issue and allot shares pursuant to Sections 75 and 76 of the Companies Act 2016.
The approved final dividend, which is scheduled to be paid on 24 July 2026, underscores Cropmate’s commitment to rewarding shareholders while maintaining financial flexibility to support future business expansion.
The AGM follows a record FY2025 performance, during which Cropmate recorded revenue of RM196.5 million and profit after tax (“PAT”) of RM14.7 million, marking the Company’s highest annual profit since its incorporation. The strong performance was driven by resilient domestic demand, disciplined cost management and continued sales contributions from Malaysia’s agriculture sector.
Cropmate has also started FY2026 on a firm footing. For the first quarter ended 31 March 2026 (“Q1 FY2026”), the Company achieved a quarterly revenue of RM58.6 million, representing a 20.5% year-on-year increase from RM48.6 million in the corresponding quarter last year. Profit before tax rose 11.3% year-on-year to RM5.5 million, while PAT increased 10.9% to RM4.2 million.
Managing Director of Cropmate Berhad, Mr. Lee Chin Yok, commented,
“We are encouraged by the support shown by our shareholders at today’s AGM. FY2025 was a meaningful year for Cropmate as we delivered record earnings, strengthened our operational platform and continued to scale our business following our listing on the ACE Market. The approval of the final dividend also reflects our intention to share the Company’s progress with shareholders while continuing to invest prudently for long-term growth.”
Domestic sales remain the key anchor of Cropmate’s performance, contributing approximately 96.2% of total revenue in Q1 FY2026. The Company continues to benefit from sustained demand from Malaysia’s plantation and food crop segments, supported by its range of conventional and specialty fertiliser products.
Commenting on recent developments involving the Malaysian Anti-Corruption Commission (“MACC”), Mr. Lee said,
“We also wish to update shareholders that the matter involving MACC is progressing. As disclosed in our latest interim financial report, the Company has appointed solicitors and some of the affected bank accounts have been partially released by MACC. We remain fully committed to cooperating with the relevant authorities while ensuring that our business operations continue with minimal disruption.”
Looking ahead, Cropmate remains cautiously optimistic on its prospects for the financial year ending 31 December 2026. While the global fertiliser market continues to be influenced by geopolitical developments, supply chain disruption and input cost volatility, the Company will continue to manage these challenges through diversified sourcing channels, strong supplier relationships and adequate inventory planning.
Mr. Lee added,
“Fertiliser demand remains closely linked to the health of the agriculture sector, particularly oil palm plantations and food crop producers. Our focus moving forward is to strengthen supply chain resilience, enhance operational efficiency and continue developing products that meet the evolving requirements of our customers. With the continued support of shareholders, we believe Cropmate is well positioned to pursue sustainable growth.”
For more information, visit https://www.cropmate.com.my/
