TURIYA BERHAD’s Q4 FY2025: A Tale of Revenue Softness and Soaring Profits
Hello fellow investors and market enthusiasts! Today, we’re diving deep into the latest quarterly report from TURIYA BERHAD, a Malaysian-incorporated company that just released its financial performance for the fourth quarter ended 31 March 2025. While the headlines might hint at a dip in revenue, the full story reveals a remarkable surge in profitability, largely driven by strategic financial maneuvers and disciplined cost management. Let’s unpack the numbers and see what’s truly driving Turiya’s trajectory.
The Big Picture: Turiya Berhad has reported a significant increase in profit attributable to owners, reaching RM6.4 million for Q4 FY2025, a dramatic leap from RM0.8 million in the same period last year. For the full financial year, profit attributable to owners surged to RM9.6 million, up from RM3.3 million previously. This impressive profit growth, despite a slight revenue contraction, is definitely a highlight worth exploring.
Unpacking the Numbers: A Closer Look at Financial Performance
Fourth Quarter Performance (Q4 FY2025 vs. Q4 FY2024)
Revenue: RM6,171k
(Q4 FY2024: RM6,914k)
A 10.9% decrease, primarily due to lower contributions from specialist chemical manufacturing (linked to softening semiconductor demand) and a temporary decrease in rental income.
Profit Before Tax: RM6,426k
(Q4 FY2024: RM1,126k)
An astounding 470.7% surge, largely propelled by a significant reversal of impairment losses on trade receivables and enhanced cost efficiency.
Profit After Tax: RM6,356k
(Q4 FY2024: RM817k)
A robust 678.0% increase, reflecting the strong pre-tax profit performance.
Basic Earnings Per Share (EPS): 2.78 sen
(Q4 FY2024: 0.35 sen)
A phenomenal 694.3% jump, directly mirroring the significant boost in net profit attributable to shareholders.
Full Year Performance (FY2025 vs. FY22024)
Revenue: RM27,177k
(FY2024: RM28,934k)
A modest 6.1% decline, consistent with the quarterly trend of reduced sales in specialist chemical manufacturing and marginal tenancy losses.
Profit Before Tax: RM9,813k
(FY2024: RM3,846k)
A substantial 155.2% increase, driven by the reversal of impairment losses on trade receivables (amounting to RM5.7 million), sustained cost discipline, and operational streamlining.
Profit After Tax: RM9,534k
(FY2024: RM3,296k)
An impressive 189.3% rise for the full year, showcasing the effectiveness of the group’s financial strategies.
Basic Earnings Per Share (EPS): 4.18 sen
(FY2024: 1.44 sen)
A remarkable 189.0% improvement, signaling a strong year for shareholder value on a per-share basis.
Segmental Breakdown: Where the Performance Lies
Turiya Berhad operates primarily in Investment Holdings, Investment Property, and Semi-conductor sectors. Here’s a brief look at their individual contributions:
- Investment Property: While experiencing a slight decrease in revenue due to lower tenancy, this segment saw an increase in profit, largely thanks to the reversal of impairment loss on trade receivables. It remains a stable income source.
- Semi-conductor: Revenue decreased due to lower sales and demand, but profit before tax increased, primarily due to lower raw material costs. This indicates effective cost management in a challenging market.
- Investment Holdings: No external revenue was generated from this segment.
Financial Health Check
Turiya’s balance sheet also shows positive signs:
| Metric | 31 March 2025 (RM’000) | 31 March 2024 (RM’000) | Change |
|---|---|---|---|
| Net Assets Per Share | 0.62 | 0.59 | +5.1% |
| Total Assets | 184,200 | 178,552 | +3.2% |
| Total Liabilities | 42,317 | 44,965 | -5.9% |
| Cash & Cash Equivalents | 7,477 | 5,393 | +38.6% |
The increase in net assets per share and a healthier cash position, coupled with a decrease in total liabilities, point towards improving financial stability and liquidity.
Navigating Challenges and Charting the Future
While the profit figures are impressive, it’s crucial to understand the underlying dynamics and Turiya’s forward-looking strategies.
The report acknowledges challenges, particularly the softening demand in the semiconductor sector, which impacted revenue from their specialist chemical manufacturing activities. The investment property segment also experienced a temporary dip in rental income due to tenancy changes.
However, Turiya Berhad is not sitting idle. The management is actively pursuing several key strategies:
- Optimizing Property Portfolio: The Group is focused on enhancing asset productivity, improving tenancy arrangements, boosting occupancy rates, and strategically managing lease rollovers to ensure resilient rental yields from its core property assets.
- Strategic Review of Manufacturing Operations: A comprehensive review of the specialist chemical manufacturing operations is underway. The goal is to identify pathways to optimize its contributions and ensure longer-term commercial sustainability, adapting to the evolving market landscape.
- Exploring New Opportunities: Turiya is actively evaluating new business ventures that promise more stable returns and align with its capital efficiency priorities. This proactive approach aims to diversify revenue streams and enhance overall resilience.
The Board remains confident in the Group’s stable footing and its ability to unlock long-term value across its business segments through deliberate and disciplined capital deployment. The focus is on achieving stable, risk-adjusted returns and supporting broader portfolio transformation objectives.
Summary and
TURIYA BERHAD’s latest quarterly report paints a nuanced picture. While revenue faced headwinds, reflecting broader market conditions in the semiconductor and property sectors, the Group delivered a standout performance in profitability. This was largely due to a significant reversal of impairment losses on trade receivables, coupled with stringent cost controls and operational streamlining. The core businesses, particularly investment property and specialist chemical manufacturing, demonstrated resilience in their operational contributions, even as they navigate market shifts.
Looking ahead, Turiya is actively engaged in strategic initiatives to enhance asset productivity, optimize its manufacturing operations, and explore new growth avenues. These efforts are geared towards building a more sustainable and value-creating future.
Key points from the report:
- Despite a revenue decline, Q4 FY2025 and cumulative FY2025 saw substantial increases in profit before tax and earnings per share, primarily driven by a reversal of impairment losses and cost efficiencies.
- The Investment Property segment remains a stable income contributor, with efforts underway to improve tenancy and occupancy.
- The Semi-conductor segment, while facing lower demand, improved profitability through lower raw material costs.
- The Group’s financial health appears to be strengthening, with increased net assets per share and cash reserves, alongside reduced liabilities.
- No dividends were declared for the current quarter or financial year to date.
- A change in financial year-end from March 31 to June 30 has been announced, meaning the next financial statements will cover a 15-month period.
It’s clear that Turiya is strategically repositioning itself amidst a dynamic economic environment. The focus on operational efficiency and exploring new opportunities could pave the way for sustained long-term growth.
From my perspective, Turiya Berhad’s ability to significantly boost profitability despite revenue challenges highlights a strong focus on financial discipline and asset optimization. The one-off gains from impairment reversals certainly played a crucial role, but the underlying commitment to cost control and strategic reviews of their business units suggests a proactive management team. The move to evaluate new business opportunities is also a positive sign for future diversification and stability.
What are your thoughts on Turiya Berhad’s latest performance? Do you think the company can maintain this growth momentum in the next few years, especially as it navigates market headwinds and explores new ventures? Share your insights in the comments below!
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