KUALA LUMPUR: Fiamma Holdings Bhd recorded profit before tax (PBT) of RM70.60 million for the nine months (9M) ended September 30, 2025 (FY25), more than double the RM29.69 million achieved in the same period last year.
The improvement was driven mainly by investment-related gains, supported by continued profitability in the core Trading & Services division and contributions from associate projects.
Revenue for 9M FY25 stood at RM268.97 million, compared to RM283.77 million previously, reflecting softer consumer demand and cautious household spending.
The Trading & Services segment continued to anchor the group’s revenue, accounting for 85.0% of total revenue at RM228.56 million.
Segment PBT rose modestly to RM30.86 million from RM29.15 million last year, supported by operational efficiency and steady demand across key household categories.
The Property Development segment contributed 13.6% of group revenue at RM36.59 million, with losses narrowing slightly to RM6.03 million.
The group also recorded contributions from associate-led developments, reflecting steady sales and construction progress.
As development milestones continue, we expect these contributions to provide earnings stability.
Group CEO Jimmy Tan Chee Wee said despite a softer top line, the company delivered a solid year-to-date performance driven by disciplined execution across all divisions.
“Our Trading & Services business continues to generate stable recurring income, while contributions from property associates have strengthened as their projects progress.
“Given global uncertainties, we remain cautious, but our focus is on enhancing operational efficiency and selectively expanding across our core categories.”
“Our strategy remains consistent — build a diversified, resilient earnings base supported by home appliances, healthcare, and property,” he said in a statement.
Fiamma is a leading distributor and service provider of electrical home appliances, sanitaryware, kitchen systems, built-in furniture, medical devices, and healthcare products, as well as a property developer and investor.
Looking ahead, Fiamma remains cautiously optimistic as it heads into the final quarter.
The group continues to strengthen its home appliances portfolio, including kitchen, laundry and cleaning solutions, underpinned by rising demand for smart, energy-efficient products.
The expansion into cleaning solutions — including vacuum cleaners, floor-care systems and dishwashers — caters to consumer demand for convenience and time-saving home solutions.
The group is also expanding its presence in the medical and healthcare device segment, benefiting from increasing public healthcare spending and Malaysia’s ageing demographics.
Enterprise resource planning (ERP) upgrades and digital transformation initiatives are underway to enhance operational visibility and efficiency.
While operating conditions remain challenging due to global trade uncertainties, tariffs and inflationary pressures, the group is maintaining disciplined financial management.
Operating expenses are expected to increase next year due to strategic investments, including a new corporate office, ongoing ERP upgrades, smart appliance software development and enhancements in employee capabilities.
These initiatives are essential to support long-term efficiency, customer experience and sustainable growth.
