Farm Fresh net profit climbs to RM129.6m as revenue tops RM1b milestone
KUALA LUMPUR, May 22 — Farm Fresh Bhd posted a higher net profit of RM129.61 million for the financial year ended March 31, 2026 (FY2026), compared with RM106.40 million in the previous financial year.
Revenue also increased to RM1.12 billion from RM981.18 million previously, surpassing the RM1 billion mark for the first time since the company’s listing in 2022.
“The group achieved a significant milestone as revenue surpassed the RM1 billion mark, rising by RM134.50 million compared with the corresponding financial period,” it said in a filing with Bursa Malaysia today.
Farm Fresh said revenue grew mainly due to higher sales in Malaysia, supported by stronger mini-market, e-commerce and school milk sales.
It added that higher exports to Cambodia, stronger sales in the Philippines, and positive sales contributions from the launch of new products such as Butter, AusFresh and Farm Fresh Full Cream Milk Powder further supported growth.
The group said revenue in Malaysia increased 20.4 per cent, or RM179.40 million, compared with the previous financial year.
However, revenue from its Australian operations declined 44.9 per cent, or RM44.80 million, due to lower export deliveries.
Meanwhile, Farm Fresh recorded a lower net profit of RM27.90 million for the fourth quarter (4Q FY2026), compared with RM28.35 million in the same quarter last year, as higher distribution and staff costs associated with business expansion weighed on earnings.
Revenue, however, rose to RM275.12 million from RM243.73 million previously.
On prospects, Farm Fresh said it is taking proactive measures to manage challenges arising from the conflict in West Asia.
It said the rapid escalation of hostilities in the region has posed significant risks to global economic stability, particularly through disruptions to key shipping routes critical to international trade and Farm Fresh’s plastic bottle supply chain.
“The blockade of the Strait of Hormuz has resulted in a severe supply shortage and a significant increase in plastic bottle prices due to the unavailability of high-density polyethylene (HDPE) resin, which relies on naphtha shipments from West Asia,” it said, adding that the situation has affected the supply of its flagship two-litre and one-litre fresh milk products packaged in plastic bottles.
“Firstly, we have increased production of gable-top paper cartons to make up for the lack of plastic bottles. Secondly, we have worked with our plastic bottle suppliers to source HDPE resin from China, which has restored our plastic bottle supplies to pre-war levels beginning May 2026, albeit at higher prices,” it said.
“Thirdly, to mitigate the increase in costs, we have issued notices of price increases of about three per cent for selected plastic bottle products in Malaysia, while prices in Singapore have been raised by about 10 per cent, effective early June 2026,” it added.
