PETALING JAYA: ACE Market-bound Guan Huat Seng Holdings Bhd posted a net profit of RM1.51mil for its first quarter ended Oct 31, 2025 (1Q26), on the back of RM20.14mil in revenue.
No comparative figures were provided as this was the group’s first interim financial report.
In a filing with Bursa Malaysia, the Melaka-based food distributor and retailer said it remains "optimistic” about its prospects for the financial year ending July 31, 2026 (FY26), citing a resilient domestic economy, steady expansion in the services and manufacturing sectors, rising household expenditure and tourism-driven demand for food and beverage (F&B) products.
The distribution of food products was the main revenue contributor during the quarter, generating RM18.27mil or 90.71% of total revenue, followed by the retail of food products, which accounted for RM1.87mil or 9.29%.
By product category, flavouring products contributed the largest share at RM8.60mil or 42.70% of revenue.
Shelf-stable and frozen seafood generated RM5.35mil (26.56%), followed by dried food and snacks at RM3.87mil (19.22%) and general grocery products at RM2.32mil (11.52%).
Guan Huat Seng, which is scheduled to debut on Jan 22, aims to raise RM30mil from its initial public offering (IPO).
Proceeds from the IPO are earmarked for the development of new facilities in Batu Berendam and Krubong, Melaka, as well as for working capital, marketing and listing expenses.
