Farm Fresh group managing director and CEO Loi Tuan Ee.
KUALA LUMPUR: Farm Fresh Bhd
remains confident that its strong momentum will continue to drive growth into 2025 and beyond.
Group managing director and group chief executive officer Loi Tuan Ee expressed satisfaction with the progress made in expanding sales of existing products and the positive impact of category expansion, which contributed to strong results for the quarter and the first nine months of the financial year ending March 31, 2025 (FY25).
“Demand for our products particularly our consumer-packaged goods (CPG) ice cream, has been gaining very strong demand, compelling us to expedite the expansion of our ice cream production capacity at our Taiping plant, a strategic move to ensure that we can meet the demand while waiting for the completion of our Enstek plant by end-2025,” he said in a statement.
Loi said Choco Malt's popularity grew with the launch of 35g sachets and larger 1kg and 2kg formats for various sales channels.
On the farming side, he said the group’s commitment to growth is evident in the expansion of its Muadzam Shah farm.
The additional 500 acres leased from the Pahang state government will allow it to double its capacity to 6,000 dairy cows, with operations expected to commence by mid-2025.
“Regionally, our plans are taking shape in the Philippines, where our factory has already been operating since September 2024. We are focused on introducing our chilled, UHT and milk powder products to the Greater Manila market taking a significant step forward in our regional expansion strategy,” Loi said.
In the third quarter ended Dec 31, Farm Fresh posted a higher net profit of RM25.9mil compared with RM20.4mil.
Revenue for the quarter rose 16.5% to RM246.6mil from RM211.6mil, while earnings per share climbed to 1.38 sen from 1.09 sen in the year-ago quarter.
For the nine-month cumulative period, Farm Fresh’s net profit almost doubled to RM78mil, while revenue grew 23.9% to RM737.4mil.
