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 second quarter ended 30 June 2025 (“Q2 FY2025”), delivering a solid performance amidst market challenges.
The Company recorded Profit Before Tax (“PBT”) of RM4.6 million in Q2 FY2025, contributing to a cumulative RM9.6 million PBT for the first half of the financial year (“1H FY2025”).
Cropmate’s revenue for Q2 FY2025 stood at RM45.7 million, a slight decrease of 5.9% from RM48.6 million in the preceding quarter (Q1 FY2025), largely due to a temporary dip in sales volume.
The Group’s gross profit margin remained robust at 17.5%, reflecting its continued focus on cost efficiency and product mix management.
PBT for Q2 FY2025 came in at RM4.6 million, compared to RM5.0 million in Q1 FY2025, while profit after tax stood at RM3.5 million. For 1H FY2025, Cropmate achieved total revenue of RM94.4 million and profit after tax of RM7.2 million.
Local sales accounted for 96.9% of the Group’s revenue, with the balance coming from export markets including Singapore, Indonesia, Vietnam, Sri Lanka, and Japan.
Managing Director of Cropmate Berhad, Mr. Lee Chin Yok, commented,
“We are encouraged by our first-half results, particularly in light of the seasonal and external pressures faced by the agriculture sector. Our ability to sustain profitability and margins underscores the strength of our business fundamentals. We continue to focus on improving operational efficiency, supporting our customers’ productivity, and executing our growth initiatives.”
To date, the Company has utilised RM23.2 million from its IPO proceeds of RM42.0 million. The funds have been directed towards working capital, capital expenditure, and listing expenses.
Cropmate is currently progressing with its strategic expansion plan, including the proposed acquisition of Factory Lots 8949 and 8950, as well as the disposal of Lot 51.
Looking ahead, Mr. Lee also shared,
“While the demand for fertilisers is closely tied to the broader agriculture sector, which may be affected by political, economic, and climatic factors, we remain cautiously optimistic. Our team is focused on strategic capital investments and product innovation to strengthen Cropmate’s market position and long-term value creation.”
For more information, visit https://www.cropmate.com.my/
