HOME appliance maker/distributor and property developer Fiamma Holdings Bhd saw its 1H FY2025 ended Jine 30, 2025 net profit spiralled more than four-fold to RM50.14 mil (1H FY2024: RM12.52 mil) on the back of stable operations in its core businesses complemented by corporate exercises and share of profit from associates.
However, the group’s revenue for the six-month period inched down slightly to RM181.36 mil (1H FY2024: RM186.03 mil) although its earnings per share (EPS) climbed considerably to 9,45 sen (1H FY2024:2.36 sen).
The group’s Trading & Services segment remained the largest revenue contributor, during the period under review by accounting for 85.1% of total revenue with pre-tax profit improving to RM21.35 mil from RM19.75 mil a year ago.
The Property Development segment contributed 13.6% of total revenue with revenue of RM24.58 mil with its pre-tax loss declined to RM4.13 mil from RM5.47 mil previously.
Moreover, the group also recorded good contributions from its property development projects undertaken by its two associates, namely Dawn Residence and Aricia Residence which achieved take-up rates of approximately 85% and 35% respectively, within one year of their launch.
As these two on-going projects are scheduled for completion in late 2028, the the group’s performance is expected to improve further in the coming years, supported by its share of associates’ results.
“The solid improvement in profitability demonstrates the resilience of our core businesses in Trading & Services and Property Development while contributions from our associates have further strengthened our earnings base,” commented Fiamma’s group CEO Jimmy Tan Chee Wee.
“While external challenges such as rising operating costs, SST (sales and services tax) expansion and global trade uncertainties may weigh on consumer sentiment, we remain confident in our ability to adapt.
Added Tan: “Our diversified business model which combines home appliances, healthcare and property development positions us to capture growth opportunities while mitigating risks.”
Moving forward, Fiamma will continue to strengthen its consumer electronics portfolio with an expanded line-up in key home appliances categories while also broadening into the air-conditioner market with a nationwide roll-out.
In addition, the group will continue to enhance its home appliances portfolio with a focus on kitchen, laundry and cleaning solutions alongside energy-efficient products.
It is also expanding the medical and healthcare segment through both institutional and consumer channels with enterprise resource planning (ERP) upgrades being implemented to strengthen operational efficiency.
At 4.51pm, Fiamma was up 3 sen or 2.63% to RM1.17 with 86,400 shares traded, thus valuing the company at RM620 mil. – Aug 21, 2025
