KUALA LUMPUR: Evergreen Max Cash Capital Bhd, an established pawnbroking service provider as well as retailer and trader of gold and luxury products, continues to deliver strong financial performance, marking a strong start to the financial year with net profit growing by 95.6% year-on-year (YoY) to RM13.7 million in Q1 ended March 31, 2026 (FY26) from RM7.0 million in Q1 FY25.
This was achieved on the back of revenue rising 47.3% YoY to RM67.6 million in Q1 FY26, compared to RM45.9 million in Q1 FY25.
The strong performance was underpinned by growth across all key business segments of the group, namely conventional pawnbroking, retail and trading of gold and luxury products, as well as Tawarruq products.
This was mainly driven by higher pawn loan disbursements, supported by internally generated funds and newly secured revolving credit facilities, as well as higher average gold prices, which rose to US$4,604/oz in Q1 FY26 from US$3,062/oz in Q1 FY25.
Revenue from the conventional pawnbroking segment increased 32.5% YoY to RM16.7 million, primarily attributable to an increase in pawn loans disbursed, which grew by 33.9% YoY to RM212.6 million.
The gold and luxury products retail and trading segment recorded revenue growth of 32.1% YoY to RM38.7 million, supported by higher sales revenue from unredeemed pledged gold items, pre-owned gold products, and new gold products.
Meanwhile, the Tawarruq products segment continued to gain strong traction, with revenue increasing 204.2% YoY to RM12.2 million in Q1 FY26.
This was mainly driven by higher revenue from the Tawarruq pawnbroking business, underpinned by an increase in pawn loans disbursed of RM109.4 million, or 164.8% YoY.
Commenting on the group’s financial achievements, executive director and group managing director Datuk Low Kok Chuan said the group began the financial year on a strong note, with revenue and net profit both recording year-on-year growth.
“This performance reflects the Group’s continued growth momentum, supported by an expanding outlet network, increasing loan deployments, and strengthened access to funding.
“The Tawarruq products segment continues to be an important growth driver for the Group, recording a significant increase in revenue during the quarter. This reflects the growing demand for Islamic pawnbroking services and the effectiveness of our strategy to strengthen our presence in this segment.
“Looking ahead, we remain optimistic about Evergreen Max Cash’s prospects. Demand for pawn loans remains sustained, particularly among Malaysia’s unbanked and underbanked communities.
“We will continue to deploy capital in a disciplined manner, strengthen our market visibility and improve operational efficiency across our outlet network,” Low said.
