KUALA LUMPUR: Well Chip Group Bhd
recorded a 61.33% jump in net profit to RM24.26mil in the fourth quarter of its financial year (4QFY25) on the back of higher revenue, mainly from its pawnbroking services business.
The group reported revenue of RM73.88mil during the quarter under review, a 32.7% jump from RM55.68mil in the year-ago quarter. Earning per share rose to four sen from 2.5 sen previously.
According to the group's filing with Bursa Malaysia, revenue from pawnbroking services in 4Q surged 76.1% year-on-year (y-o-y) to RM42.45mil.
This more than offset a slight 0.5% y-o-y decrease in revenue from its retail and trading of jewellery to RM31.34mil.
Over the entire financial year, Well Chip posted a net profit of RM86.15mil as compared to RM49.98mil in FY24, while revenue rose to RM270.2mil from RM222.13mil in the previous year.
The board of directors has proposed a final dividend of 5.1 sen per share, subject to the approval of shareholders at the forthcoming annual general meeting.
Well Chip has continued to roll out its growth plans, with the acquisition of three pawnbroking outlets in the Northern region for RM63.44mil in the quarter ended June 30, 2025. With these additions, the group has 27 pawnbroking outlets.
"This expansion reinforces our market position in key regions while enhancing our service offerings to cater to the growing demand from consumers. The newly acquired businesses have delivered a positive contribution to the group’s financial performance."
In the south, the group's pawnshop in Pekan Nanas, Johor, obtained its pawnbroking licence in June 2025 and officially commenced operations that same month.
In December, 2025, the group obtained conditional approvals for the remaining four pawnshops in Johor and two pawnshops in Melaka.
It said renovation works for these outlets will be carried out in accordance with KPKT requirements within 10 months, and the group will apply for the final approvals to commence business at these pawnshops upon completion of the renovations.
