FIAMMA Holdings Bhd, a home appliance maker/distributor, healthcare industry player and property developer has seen its net profit for 9M FY2025 ended Sept 30, 2025 more than doubled year-on-year (yoy) to RM58.9 mil (9M FY2024: RM16.55 mil) even as its topline dwindled slightly.
The improvement was driven mainly by investment-related gains supported by continued profitability in the group’s core Trading & Services division and contributions from associate projects.
However, revenue for the period under review inched down 5.2% yoy to RM268.97 mil (9M FY2024: RM283.77 mil) to reflect softer consumer demand and cautious household spending.
Nevertheless, the Trading & Services segment continued to anchor the group’s revenue by contributing 85.0% of total revenue at RM228.56 mil.
Segmental pre-tax profit rose modestly to RM30.86 mil from RM29.15 a year ago on the back of operational efficiency and steady demand across key household categories.
Elsewhere, the Property Development segment contributed 13.6% of group revenue at RM36.59 mil with losses narrowing slightly to RM6.03 mil.
The group also recorded contributions from associate-led developments, a reflection of steady sales and construction progress. These contributions are expected to provide earnings stability as development milestones continue.
‘Expansion into cleaning solutions’
“Despite a softer top line, we delivered a solid year-to-date performance driven by disciplined execution across all divisions,” commented Fiamma’s group CEO Jimmy Tan Chee Wee.
“Our Trading & Services business continues to generate stable recurring income while contributions from property associates have strengthened as their projects progress.
“We remain careful given global uncertain but are focused on enhancing operational efficiency and expanding selectively across our core categories.
“Our strategy remains consistent – build a diversified, resilient earnings base supported by home appliances, healthcare and property.”
Looking ahead, FIAMMA remains cautiously optimistic heading into the final quarter. The group will continue to strengthen its home appliances portfolio which include kitchen, laundry and cleaning solutions, underpinned by rising demand for smart, energy-efficient products.
Its expansion into cleaning solutions –including vacuum cleaners, floor-care systems and dishwashers – caters to consumer demand for convenience and time-saving home solutions.
At the same time, the group is also expanding its presence in the medical and healthcare device segment to tap rising public healthcare spending and Malaysia’s aging demographics.
Towards this end, Fiamma will undertake enterprise resource planning (ERP) upgrades and digital transformation initiatives to enhance operational visibility and efficiency.
While operating conditions remain challenging amid global trade uncertainties, tariffs and inflationary pressures, the group is maintaining disciplined financial management.
Operating expenses are expected to increase next year due to strategic investments including a new corporate office, on-going ERP upgrades, smart appliance software development and enhancements in employee capabilities.
Nevertheless, these initiatives are essential to support long-term efficiency, customer experience and sustainable growth.
At the close of today’s (Nov 20) mid-day trading break, Fiamma was unchanged at RM1.11 with 100 shares traded, thus valuing the company at RM589 mil. – Nov 20, 2025
