AJIYA Bhd, a building materials provider specialising in metal roofing systems and safety glass products, has delivered a strong financial performance for its 2Q FY2025 ended June 30, 2025 underpinned by effective cost management and non-core income contributions from the strategic disposal of under-utilised non-core assets.
For the cumulative six-month period, Ajiya delivered revenue of RM157.71 mil with net profit of RM16.39 mil buoyed by recurring interest income of RM7.6 mil year-to-date (YTD) derived from the RM250 mil loan extended to Chin Hin Group Bhd.
Structured as a five-year corporate exercise with an interest rate of 7.5% per annum, the arrangement provides Ajiya with a sustainable and predictable stream of income while reinforcing the group’s strategic and synergistic role within Chin Hin’s ecosystem.
As of end-June 2025, the group’s financial position remains strong with total assets of RM777.4 mil, net assets of RM688.8 mil and borrowings of RM20.9 mil. Gearing remains low at approximately 3.0%, thus providing headroom for future growth initiatives.
For 2Q FY2025, Ajiya posted a revenue of RM76.74 mil which was slightly lower than the RM81.0 mil reported in the preceding quarter due to softer demand for its products.
However, net profit surged by 95% quarter-on-quarter to RM10.82 mil from RM5.56 mil in 1Q FY2025. (Editor’s Note: Ajiya has changed its financial year end from Nov 30 to Dec 31. As such, there will be no comparative financial information available for the group’s 2Q FY2025 ended June 30, 2025.)
Constriction sector boost
“Our underlying operations remain solid with our Metal Products and Safety Glass divisions continuing to serve Malaysia’s infrastructure and housing needs,” commented Ajiya executive director Ng Wai Luen.
“We remain committed to building sustainable growth through disciplined execution, product innovation and prudent financial management.”
Looking ahead, Ajiya remains cautiously optimistic on its prospects for FY2025 ending Dec 31, 2025.
While global uncertainties such as raw material price volatility, inflationary pressures and interest rate fluctuations may present challenges, Malaysia’s construction industry is expected to remain resilient, supported by government-led infrastructure projects such as the MRT3 Circle Line, Pan Borneo Highway and major industrial and data centre developments.
At the same time, the group continues to strengthen its Safety Glass division by promoting the adoption of energy-efficient glazing solutions such as low-emissivity (Low-E) glass and insulating glass units (IGUs).
In addition, Ajiya, in collaboration with Chin Hin Building Materials, has introduced an innovative integrated energy efficient building system solution under the “CoolPro” brand.
This smart solution combines four proven systems developed by Chin Hin Building Material Group into a smart unified offering designed to optimise building envelope performance.
At the close of today’s (Aug 26) market trading, Ajiya was up 1 sen or 0.41% to RM2.42 with 536,800 shares traded, thus valuing the company at RM737 mil. – Aug 26, 2025
