KUALA LUMPUR: Evergreen Max Cash Capital Bhd, an established pawnbroking service provider as well as a retailer and trader of gold and luxury products, continued to deliver another quarter of growth, with revenue for the third quarter (Q3) ended September 30, 2025 (FY25) surging 67.6% year-on-year (YoY) to RM50.7 million, compared to RM30.2 million in Q3 FY24.
Net profit rose 8.6% YoY to RM9.5 million from RM8.7 million in Q3 FY24.
The strong performance was underpinned by growth across all key business segments,
namely conventional pawnbroking, retail and trading of gold and luxury products, and Tawarruq products.
The strong growth in the current quarter was mainly driven by higher loan deployment, supported by internally generated funds and borrowings, as well as stronger gold prices, which averaged 40.6% higher at US$3,272/oz in Q3 FY25 versus US$2,327/oz in Q3 FY24.
For the cumulative nine-month (9M) period, Evergreen Max Cash Capital achieved revenue of RM145.3 million, representing a 78.4% YoY increase from RM81.5 million in the 9M FY24.
Net profit for the period grew 35.6% YoY to RM25.7 million, compared to RM19.0 million a year earlier.
For the 9M FY25, the conventional pawnbroking segment registered revenue of RM40.4 million, up 29.7% YoY, driven by higher pawn loans disbursed, which increased by RM124.4 million or 31.8% YoY.
The Tawarruq products segment also continued to gain momentum, with revenue increasing more than fivefold to RM16.5 million, underscoring the group’s successful expansion into Islamic pawnbroking.
Pawn loans disbursed under this segment grew by RM208.8 million, or 423.6% YoY.
Evergreen Max Cash Capital operates a total of 97 outlets, comprising 29 conventional pawnshops and 68 Islamic pawnshops across Kuala Lumpur, Selangor, Negeri Sembilan, Pahang, Perak and Terengganu.
Commenting on the group’s financial achievements, executive director and group
managing director Datuk Low Kok Chuan said the company is pleased to deliver yet another quarter of strong performance, reflecting the resilience and scalability of its business model.
“We are now close to achieving our goal of operating 100 outlets by the end of 2025.
“During this quarter alone, we disbursed almost RM300.0 million in pawn loans,
representing nearly half of the total pawn loans disbursed in the previous financial year.
“The increase was supported by continued engagement with financial institutions,
which has strengthened confidence in the pawnbroking industry and improved access
to financing.
“With the gold prices hitting record levels, we are also seeing a lower default rate among customers. As a result, we will continue to maintain a prudent loan-to-value ratio to protect the business against any potential sharp decline in gold prices.
“All in all, we remain positive about the growth prospects for Evergreen Max Cash Capital. With a steadily expanding loan book, outlet network approaching the year-end target and sustained confidence from financial institutions, the group is well-positioned to capture the market opportunities and deliver sustainable growth,” Low said.
