JOHOR BHARU: Farm Fresh Bhd, one of Malaysia’s leading dairy producers, reported an increase in its revenue of 15.6% to RM285.1 million for Q3 ended Dec 31, 2025 (FY26), from RM246.58 million posted in the same quarter last year.
Meanwhile, gross profit grew by 15.8% to RM93.8 million, leading to the overall improved bottom-line, which saw profit before tax (PBT) grow by 32.6% to RM37.3 million while profit after tax (PAT) and profit after tax and minority interest (PATAMI) improved by 30.3% and 24.7% respectively to RM34.1 million and RM32.2 million.
Over the cumulative 9-month (9M) period of FY26, the group recorded a 14% year-on-year increase in revenue, from RM737.5 million to RM840.6 million.
This, in turn, led to an increase in gross profit by 17.5% to RM279.3 million, PBT by 34.1% to RM115.1 million, PAT by 32% to RM105.2 million, and PATAMI by 30.3% to RM101.7 million.
The stronger earnings were mainly driven by the increase in Malaysian contribution, fuelled by higher sales from mini markets, CPG, artisanal ice cream, and school milk.
The successful launching of new SKUs, i.e. Butter, AusFresh, Full Cream Milk Powder and Choco Malt Powder, which also contributed to the earnings, attest to Farm Fresh’s success in product line expansion and category expansion.
The group also saw positive sales contribution from its growing regional footprint, i.e. exports to Cambodia and expansion into the Philippine market, while Australia’s results have turned around, recording a profit during the quarter.
Farm Fresh group managing director and group CEO Loi Tuan Ee said that as the group undergoes its next transformative phase and scales up its regional presence, Farm Fresh is entering an exciting period and is well positioned to capitalise on the strong progress made over the past year.
“Leveraging alongside our categorical expansion and regional expansion, we have made significant progress thus far, given our strategic developments over the recent quarters.
“Our strategic pivot into Cambodia has already yielded positive results, where our monthly export volume has already surpassed Singapore, which we’ve been exporting to for 8 years,“ he said.
In Cambodia, Farm Fresh products are very well received, and the group will continue to penetrate major modern trade outlets in Phnom Penh and is now focusing on entering major coffee outlets and general trade with our UHT products.
“Additionally, our factory is being constructed with a planned commencement in mid-2026, enabling us to better serve the Cambodia market in a more cost-effective manner and introduce more products tailored for the consumers in Cambodia,“ Loi said.
Meanwhile, Farm Fresh’s operations in the Philippines have continued on a trajectory, with revenue increasing by more than 40% from the previous quarter.
“I am positive it will continue to grow as we expand penetration in modern trade and food services outlets, while the brand becomes more recognisable in the Philippines,“ Loi said.
The upcoming Enstek plant, which is slated to be ready by mid-2026, will enable the group to have the capacity to introduce a more diverse product range, while its investment in freezers will increase distribution drop points to about 13,500 drop points by the end of 2026 from the 11,200 drop points that we have currently.
“Separately, our expansion in Muadzam Shah 2 Farm has commenced operations, with the aim to increase our herd size in Muadzam Shah to 7,000 dairy cows.
“In tandem with our ongoing efforts in expanding our business, we remain committed towards our ESG principles, driving sustainability through initiatives such as our biogas plant, which, once fully operational, is targeted to have a reduction of 9,800 tonnes carbon dioxide equivalent per annum and the Milk on Tap programme, which has continued to grow to 37 locations.
“As we move towards the close of FY26 and with all these aforementioned developments, our outlook is one of profound optimism as we work towards continuing the momentum we have built to propel Farm Fresh forward and deliver value for all our shareholders,“ Loi said.