PETALING JAYA: Poh Kong Holdings Bhd
posted improved earnings in the financial year ended July 31, 2025 (FY25) thanks to resilient gold demand and despite higher operating costs.
For the fourth quarter ended July 31, 2025 (4Q25), Poh Kong’s revenue rose 6.7% to RM365.5mil from RM342.47mil a year earlier.
Net profit for the quarter under review increased nearly 3% to RM22.68mil from RM22.03mil in 4Q24, translating to earnings per share of six sen versus five sen previously.
The gold shop retailer stated topline growth was mainly driven by a surge in gold prices during the quarter, which also improved operating profits.
For the full year, Poh Kong’s revenue edged up 2.8% to RM1.69bil from RM1.64bil in FY24, while net profit climbed 3.7% to RM121.23mil from RM116.92mil in FY24.
Poh Kong’s businesses span jewellery manufacturing, trading of ornaments, precious stones and gold bullion, and investment holding, though its revenue is largely derived from the retail segment.
Poh Kong declared a final single-tier dividend of three sen per ordinary share for FY25, amounting to RM12.31mil, consistent with the payout in FY24.
In a filing with Bursa Malaysia, the jewellery manufacturer and retailer noted “during tariff-induced economic disruptions, gold demand typically surges as investors seek protection against inflation and market volatility, and the metal’s role as a safe-haven asset.”
It added that global trade tensions have disrupted production and trade patterns worldwide, while the expanded sales and service tax (SST) has added to operating costs.
To note, gold purchases have been exempted from the expanded SST, but the expansion can still raise costs for jewellery retailers through taxed inputs and services.
“The group will continuously monitor the impact of the current uncertainties on our operations, uphold and honour our financial obligations and evaluate our performance on a continuous basis,” it said.
