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 2026 (“Q2 FY2026”).
Profit Before Tax (“PBT”) increased by 44.3% year-on-year (“YoY”) to RM6.6 million from RM4.6 million, while profit after tax (“PAT”) rose by 38.6% YoY to RM4.8 million from RM3.5 million.
Revenue for Q2 FY2026 increased by 49.1% YoY to RM68.2 million from RM45.7 million in Q2 FY2025, mainly driven by higher average selling prices and higher sales volume of fertiliser. Gross profit increased to RM11.9 million from RM8.0 million, while gross profit margin remained stable at 17.4%.
On a quarter-on-quarter basis, PBT grew by 20.0% from RM5.5 million in Q1 FY2026, alongside a 16.4% increase in revenue from RM58.6 million. For the first half of FY2026 (“1H FY2026”), Cropmate recorded revenue of RM126.7 million, PBT of RM12.2 million and PAT of RM8.9 million, representing YoY increases of 34.3%, 27.2% and 24.2%, respectively.
Local sales accounted for approximately 98.2% of the Group’s revenue in Q2 FY2026, with the balance contributed by selected export markets including Singapore, India, Mauritius and China.
Managing Director of Cropmate Berhad, Mr. Lee Chin Yok, commented,
“The improvement in profitability this quarter reflects higher sales activity and our continued focus on disciplined execution. We remain focused on managing input-cost volatility, maintaining reliable supply to customers and strengthening operational resilience, while taking a measured approach to growth.”
The global fertiliser market continues to be influenced by geopolitical developments in the Middle East, which have contributed to supply-chain disruptions and greater volatility in input costs. Cropmate continues to manage these conditions by diversifying its sourcing channels, strengthening supplier relationships and maintaining adequate inventory levels to support its operations.
Looking ahead, Mr. Lee also shared,
“We will continue to monitor market developments closely and remain prudent in our procurement and inventory management. While the external environment remains fluid, the Board is cautiously optimistic that prevailing market conditions may have a positive impact on the Group’s performance for FY2026.”
For more information, visit https://www.cropmate.com.my/
