HOME appliance maker/distributor and property developer Fiamma Holdings Bhd has posted a steady growth across segments with a big one-off gain arising from dilution of equity interests in subsidiaries to cap a robust 1Q FY2025 ended March 31, 2025.
While the group only recorded a slight increase in revenue to RM98.56 mil during the quarter under review (1Q FY2024: RM95.60 mil), its net profit surged exponentially by 3.314% year-on-year (yoy) to RM36.19 mil (1Q FY2024: RM1.06 mil) buoyed by strong operational performance.
Fiamma’s Trading & Services segment contributed RM78.01 mil or 79.2% of total revenue (1Q FY2024: RM77.10 mil) with segment pre-tax profit improving to RM10.91 mil (1Q FY2024: RM9.30 mil) to reflect sustained demand and efficient operational management.
Its Property Development segment showed notable improvement with 19.5% of total revenue as the topline rose to RM19.25 mil (1Q FY2024: RM17.32 mil) and the segment returning to profitability with a pre-tax profit of RM800,000 from a loss of RM1.44 mil previously.
“Our robust 1Q FY2025 performance reflects our continuous efforts to enhance operational efficiency while capitalising on market opportunities,” Fiamma’s group CEO Jimmy Tan Chee Wee summed up the quarter.

“The strategic joint venture with Samyou to launch our new VINO” brand in the Air Conditioner segment underscores our commitment to diversifying our product offerings and driving future growth.
“Additionally, we remain dedicated to on-going investments in brand-building initiatives to strengthen our market presence and competitive edge.”
Looking ahead, Fiamma remains optimistic about its growth trajectory despite global economic uncertainties.
The group is focused on innovation, operational enhancements and product portfolio expansion, particularly in smart and energy-efficient solutions.
Its on-going and planned property development projects, including those in Johor Bahru, Sungai Besi, and Kuala Lumpur, are expected to positively contribute to future profitability.
“Our strategic focus remains clear: enhancing operational efficiency, expanding our distribution channels and consistently delivering innovative solutions to ensure sustainable growth and value for our stakeholders,” added Tan.
At 4.25pm. Fiamma was down 1 sen or 0.92% to RM1.08 with 113,000 shares traded, thus valuing the company at RM573 mil. – June 3, 2025