MAIN Market building materials manufacturer Ajiya Bhd has delivered positive earnings supported by stable revenue, recurring interest income and steady core operational contributions for its 3Q FY2025 ended Sept 30, 2025.
For the quarter under review, the group pisted a revenue of RM77.98 mil, a marginal improvement over the RM76.74 mil achieved in the preceding quarter.
Net profit stood at RM6.87 mil from RM10.82 mil in 2Q FY2025 mainly due to higher production and raw material costs as well as a fair value loss on other investments.
For the record, there is no year-on-year (yoy) comparative figures for the corresponding quarter and cumulative period ended Sept 30, 2024 in view of Ajiya’s change of its financial year-end to Dec 31 from Nov 30 previously.
For the nine-month period, Ajiya posted cumulative revenue of RM235.70 mil with net earnings of RM23.26 mil to reflect continued contributions from the group’s Metal Products and Safety Glass divisions together with interest income and earlier gains from non-operating activities.
The group’s financial position remains solid with total assets of RM729.46 mil, shareholders’ equity of RM641.45 mil and short-term borrowings of RM15.07 mil to maintain a low gearing profile. Net assets per share stood at RM2.18 as of end-September 2025.
Mixed industry conditions
“Our priority now is execution as we’re operating in a more challenging cost environment,” commented Ajiya’s executive director Ng Wai Luen.
“We’re sharpening production planning, strengthening cost controls and enhancing our engagement with customers to ensure we stay responsive to market needs.
“The resilience of our core businesses, together with recurring interest income gives us financial stability to navigate the near term while positioning for longer-term opportunities.”
Looking ahead, Ajiya remains cautiously optimistic for the remainder of its FY2025 ending Dec 31.
While industry conditions are expected to remain mixed due to moderating demand, raw material fluctuations and cost pressures, Malaysia’s construction sector continues to be supported by on-going government infrastructure projects and sustained activity in the private industrial and housing segments.
The group’s strategic priorities moving forward include:
- Operational discipline: Enhancing production efficiency, improving cost structures and strengthening supply chain planning.
- Customer-driven market positioning: Deepening engagement with contractors, developers and dealers to maintain competitiveness in both the industrial and residential markets.
- Product capability enhancement: Expanding higher-margin solutions such as energy-efficient safety glass, including Low-E and IGU (insulated glass units) products which are increasingly sought after in green building applications.
- Sustainable earnings resilience: Maintaining prudent capital allocation with recurring interest income supporting cash flow visibility.
“We’re taking a balanced approach across operations, customers and product innovation to stay competitive,” enthused Ng.
“Our strong balance sheet and disciplined execution framework equip us well to manage short-term pressures and build a foundation for sustainable long-term growth.”
At 10am, Ajiya was down 3.5 sen or 3.66% to 92 sen with 556,400 shares traded thus valuing the company at RM560 mil. – Nov 26, 2025
