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 fourth quarter and full financial year ended 31 December 2025 (“Q4 FY2025” and “FY2025”), closing the year on a firm footing supported by resilient domestic demand and disciplined cost management.
For Q4 FY2025, Cropmate recorded revenue of RM41.3 million, compared to RM36.1 million in the corresponding quarter last year, representing a 14.4% year-on-year (“YoY”) increase. Profit before tax (“PBT”) rose 43.1% YoY to RM4.4 million from RM3.1 million previously, while profit after tax (“PAT”) improved to RM3.5 million from RM2.2 million.
The Group maintained a healthy gross profit margin of 17.1% for the quarter, reflecting continued pricing discipline and operational efficiency. Local sales remained the key anchor, contributing 97.9% of total revenue for the quarter, complemented by steady export demand from Cambodia, India, Vietnam and Sri Lanka.
For FY2025, the Group delivered revenue of RM196.5 million, a 22.3% increase from RM160.7 million in FY2024. PBT expanded to RM19.6 million from RM16.0 million previously, while PAT grew 23.5% to RM14.7 million compared to RM11.9 million a year earlier. D
omestic sales continued to anchor performance, contributing approximately 97.1% of total revenue in FY2025, driven primarily by demand from oil palm plantations and durian orchards. Export contributions remained complementary, with established markets including Cambodia, Singapore, India, Indonesia, Vietnam, Sri Lanka, Mauritius, and Japan.
Managing Director of Cropmate Berhad, Mr. Lee Chin Yok, commented, “
FY2025 marks a year of steady execution and operational expansion for Cropmate. Since our incorporation in 2018, revenue has expanded from RM9.9 million to RM196.5 million in FY2025, reflecting our consistent track record of growth and operational scaling.
Our revenue and profit growth reflect sustained demand from Malaysia’s plantation sector and our ability to scale efficiently following our ACE Market listing. We are particularly encouraged by the improvement in earnings and margin resilience despite fluctuations in quarterly sales volume.”
Both acquisition of Factory Lot 8949 and Factory Lot 8950 has been completed. As at 24 February 2026, RM41.6 million of the RM42.0 million IPO proceeds had been utilised primarily for working capital, capital expenditure, listing expenses and property acquisitions.
These investments are aimed at enhancing operational capacity, supporting research and development initiatives, and positioning the Group for scalable growth.
In line with its improved performance, the Board has proposed a final single-tier dividend of 0.6 sen per ordinary share for FY2025, subject to shareholders’ approval at the forthcoming Annual General Meeting.
Mr. Lee added,
“Looking ahead, fertiliser demand will continue to be closely linked to developments in the oil palm and food crop segments. While commodity price volatility and geopolitical uncertainties remain external variables, Cropmate is committed to strengthening operational capabilities, expanding product innovation, and prudently managing costs to sustain long-term value creation for our shareholders.”
For more information, visit https://www.cropmate.com.my/
