Kumpulan Fima Berhad: A Deep Dive into FY2025’s Strong Performance and Future Outlook
Kumpulan Fima Berhad (KFIMA), a diversified Malaysian conglomerate, has just unveiled its financial results for the fourth quarter and full financial year ended 31 March 2025. The report paints a picture of robust growth, with significant improvements in profitability and strong contributions across its key divisions. This isn’t just about numbers; it’s about strategic execution and laying a resilient foundation for the future. Let’s unpack the highlights and see what’s driving KFIMA’s momentum.
Unpacking the Numbers: A Year of Impressive Growth
KFIMA delivered a remarkable performance in FY2025, demonstrating strong operational execution. The Group’s Profit Before Tax (PBT) surged by an impressive 57.5% year-on-year, reaching RM193.06 million. This significant jump underscores the effectiveness of their strategies in enhancing profitability across their diverse business segments.
Overall group revenue also saw a healthy increase, growing 7.0% year-on-year to RM683.39 million. This growth was broadly supported by improved performance across the Plantation, Food, and Manufacturing Divisions, signaling a balanced contribution from various parts of the business.
Key Financial Highlights (Full Year FY2025)
FY2025
Revenue: RM683.4 million
Profit Before Tax (PBT): RM193.1 million
Profit After Tax (PAT): RM152.2 million
Earnings Per Share (EPS): 45.92 sen
FY2024 Comparison
Revenue: +7.0% year-on-year
Profit Before Tax (PBT): +57.5% year-on-year
Profit After Tax (PAT): +84.1% year-on-year
Earnings Per Share (EPS): +73.7% year-on-year
Fourth Quarter FY2025 Performance
Q4 FY2025
Revenue: RM163.3 million
Profit Before Tax (PBT): RM60.5 million
Profit After Tax (PAT): RM46.2 million
Earnings Per Share (EPS): 13.17 sen
Q3 FY2025 Comparison
Revenue: -18.0% quarter-on-quarter
Profit Before Tax (PBT): +42.2% quarter-on-quarter
Profit After Tax (PAT): +43.3% quarter-on-quarter
Earnings Per Share (EPS): +33.6% quarter-on-quarter
While Q4 FY2025 revenue saw a quarter-on-quarter decrease, the significant increase in PBT, PAT, and EPS indicates improved operational efficiency and profitability management during the quarter.
Divisional Performance: Pillars of Growth
Bulking Division
The Bulking Division, a cornerstone of KFIMA’s operations, generated RM211.03 million in revenue for FY2025. While overall revenue declined by 7.4% year-on-year, primarily due to reduced biodiesel-related activities, its core liquid bulking and logistics business showed resilience, recording a 20.2% revenue increase. This growth was bolstered by higher contributions from technical fats, used cooking oil (UCO), and miscellaneous non-core products. Consequently, PBT for the division rose by a robust 34.6% to RM117.26 million for the full year.
For Q4 FY2025, the Bulking Division saw a 5.0% quarter-on-quarter revenue improvement to RM55.20 million, largely driven by higher UCO contributions. Its PBT also improved by 21.1% to RM33.41 million compared to the previous quarter.
Plantation Division
The Plantation Division delivered an impressive performance, with revenue increasing by 14.1% year-on-year to RM202.02 million. This growth was primarily fueled by increased sales of fresh fruit bunches (FFB) from its Malaysian estates and higher crude palm kernel oil (CPKO) prices. The division’s PBT surged by an outstanding 136.8% to RM61.95 million for the full year, reflecting strong market conditions and operational efficiency.
In Q4 FY2025, the division’s revenue rose by 12.7% quarter-on-quarter to RM55.62 million, mainly due to higher sales volumes of Crude Palm Oil (CPO) and CPKO, contributing to a healthy PBT of RM20.54 million.
Food Division
The Food Division reported an improved revenue of RM190.00 million for FY2025, marking a 13.0% increase year-on-year. This growth was predominantly driven by higher sales volumes of tuna products. The division’s PBT also saw a significant boost, rising by 65.4% year-on-year to RM22.12 million.
For Q4 FY2025, while revenue decreased by 7.9% quarter-on-quarter to RM43.70 million due to lower tuna product sales, the division’s PBT surprisingly rose to RM10.65 million. This was supported by a favourable sales mix and lower net foreign exchange losses, highlighting effective cost and risk management.
Manufacturing Division
The Manufacturing Division registered a 24.2% year-on-year increase in revenue, reaching RM76.46 million, primarily due to improved sales of confidential documents. However, the division’s PBT saw only a marginal increase to RM0.90 million for the full year, as higher distribution expenses moderated overall earnings growth.
Q4 FY2025 was challenging for the Manufacturing Division, with revenue declining by a substantial 84.2% quarter-on-quarter to RM7.76 million. This was mainly attributed to seasonally lower sales of confidential documents, resulting in a pre-tax loss of RM2.54 million for the quarter, compared to a pre-tax profit in the preceding quarter.
Strategic Vision: Risks, Prospects, and Future Initiatives
Dato’ Roslan Hamir, Group Managing Director of KFIMA, highlighted FY2025 as a year of “strong execution across the Group.” He emphasized the focus on streamlining operations, enhancing product offerings, and building partnerships as key drivers behind the tangible results. Looking ahead, KFIMA is committed to scaling capabilities, controlling costs, and pursuing growth opportunities in existing and new markets, all while building a resilient foundation for long-term success.
Strategic Initiatives and Outlook by Division:
- Bulking Division: This division remains a key contributor. The construction of 18 new storage tanks at North Port Klang was completed on schedule in March 2025, significantly enhancing storage capacity. Furthermore, operations at the new Tanjung Langsat Terminal in Johor are expected to commence in Q2 FY2026 with 21 tanks, a greenfield development supporting long-term growth and customer needs.
- Plantation Division: Performance will continue to be influenced by CPO and CPKO price movements, weather conditions, and production costs. The focus remains on efficiency improvements and cost management to maintain operational stability.
- Food Division: Operating in a highly competitive environment in Papua New Guinea, this division faces challenges from currency fluctuations, high transportation costs, and rising raw material prices. To mitigate these, KFIMA has entered a new strategic collaboration with an international fishing company to strengthen supply chain stability and raw material availability. Initial outcomes from this partnership are anticipated by Q3 FY2026, complementing existing efforts in operational efficiency.
- Manufacturing Division: KFIMA is strengthening its position in the security and confidential documents segment, with ongoing supply to the Education Ministry and additional contracts under its security printing unit. The division will continue to explore new strategic alliances and solutions to complement its existing product offerings.
Overall, KFIMA remains vigilant in managing external risks, particularly fluctuations in exchange rates and commodity prices, which will continue to influence financial performance. By maintaining operational agility, disciplined financial management, and a strategic focus on long-term sustainability, the Group aims to drive value for all stakeholders.
Summary and
Kumpulan Fima Berhad’s FY2025 results clearly demonstrate a strong turnaround and growth trajectory, particularly in its core segments. The significant increase in PBT and overall revenue, alongside strategic expansions in the Bulking Division and supply chain enhancements in the Food Division, paint a positive picture of a company actively executing its growth plans. While challenges persist, particularly in managing external factors like commodity prices and currency fluctuations, the management’s proactive strategies in cost control, operational efficiency, and new market development indicate a clear path forward.
Key points from this report include:
- Exceptional full-year profit growth, driven by strong divisional contributions.
- Strategic expansion of bulking capacity with new tanks at North Port Klang and the upcoming Tanjung Langsat Terminal.
- Proactive measures in the Food Division to enhance supply chain stability through new collaborations.
- Continued focus on operational efficiency and cost management across all segments to mitigate external risks.
- Despite some quarterly fluctuations in revenue, the overall profitability trend remains strong, indicating effective management of sales mix and expenses.
The company’s commitment to building a resilient foundation for long-term success, coupled with its diversified business portfolio, positions it to navigate future market dynamics. Investors might find it insightful to monitor how the new initiatives, such as the Tanjung Langsat terminal and the Food Division’s new collaboration, translate into tangible results in the upcoming financial years.
What are your thoughts on Kumpulan Fima Berhad’s performance? Do you believe their strategic initiatives, especially the expansion in the Bulking Division and the new collaboration in the Food Division, will solidify their growth trajectory in the coming years? Share your insights in the comments below!
