KUALA LUMPUR: Ajiya Bhd, a leading Malaysian building materials provider, recorded revenue of RM77.98 million for the third quarter (Q3) ended September 30, 2025 (FY25), a marginal improvement over the RM76.74 million achieved in Q2 FY25.
Profit before tax (PBT) stood at RM7.32 million, compared with RM12.39 million in Q2 FY25, mainly due to higher production and raw material costs, as well as a fair value loss on other investments.
On a year-to-date (YTD) basis, for the nine months (9M) of FY25, Ajiya posted cumulative revenue of RM235.70 million and PBT of RM27.80 million, reflecting continued contributions from the group’s metal products and safety glass divisions, together with interest income and earlier gains from non-operating activities.
The group also recognised interest income during the period arising from its financial assets, which supported overall earnings.
This income was recorded in accordance with applicable accounting standards.
The group’s financial position remains solid with total assets of RM729.46 million, shareholders’ equity of RM641.45 million, and short-term borrowings of RM15.07 million, maintaining a low gearing profile.
Net assets per share stood at RM2.18 as at September 30, 2025.
In line with the group’s change of financial year-end to December 31, no year-on-year comparative figures are available for the corresponding quarter and cumulative period ended 30 September 2024.
Commenting on the quarter’s performance, executive director Ng Wai Luen said the company is operating in a more challenging cost environment, and priority now is execution.
“We are sharpening production planning, strengthening cost controls, and enhancing our engagement with customers to ensure we stay responsive to market needs.
“The resilience of our core businesses, together with recurring interest income, gives us financial stability to navigate the near term while positioning for longer-term opportunities,” he said.
Looking ahead, Ajiya remains cautiously optimistic for the remainder of the financial year ending December 31, 2025.
While industry conditions are expected to remain mixed due to moderating demand, raw material fluctuations and cost pressures, Malaysia’s construction sector continues to be supported by ongoing government infrastructure projects and sustained activity in the private industrial and housing segments.
The group’s strategic priorities moving forward include strengthening operational discipline through improved production efficiency, cost structures, and supply chain planning; and deepening customer engagement with contractors, developers, and dealers to reinforce its market position.
It also plans to expand higher-margin product capabilities, such as energy-efficient safety glass, including Low-E and IGU solutions, and to sustain earnings resilience through prudent capital allocation, supported by recurring interest income that enhances cash flow visibility.
“We are taking a balanced approach across operations, customers and product innovation to stay competitive.
“Our strong balance sheet and disciplined execution framework equip us well to manage short-term pressures and build a foundation for sustainable long-term growth,” Ng said.
