SENAI: Johor-based wholesaler and distributor of fresh vegetables, food and beverage (F&B) products and groceries, Farm Price Holdings Bhd recorded revenue of RM64.5 million for the first half (1H) ended June 30, 2026 (FY26), representing a 6.7% year-on-year (YoY) increase from RM60.5 million in 1H FY25.
The growth was primarily driven by higher sales contribution from the Singapore market, which accounted for 37.4% of 1H FY26 group revenue, up from 29.0% in 1H FY25, reflecting the group’s continued efforts to expand its regional customer base.
In line with the higher revenue, 1H FY26 gross profit (GP) improved by 1.7% YoY to RM14.2 million from RM14.0 million in 1H FY25, with GP margin remaining healthy at 22.0%.
Net profit for 1H FY26 grew 0.9% YoY to RM5.7 million from RM5.6 million in 1H FY25.
For Q2 FY26, Farm Price posted a net profit of RM3.2 million on the back of RM30.2 million in revenue, translating into a net profit margin of 10.3%.
Notably, the Q2 FY26 net profit margin has recovered to double-digit levels, driven by lower administrative expenses and a lower effective tax rate, after three consecutive quarters at single-digit levels.
Managing director Dr Lawrence Tiong Lee Chian said the group’s 1H FY26 performance reflects steady execution amid a dynamic operating environment.
“In particular, our export sales to Singapore continue to gain traction and are now approaching 40% of group revenue from just 28% back in FY24.
“Equally encouraging, our net profit margin returned to double-digit levels in Q2 FY26, demonstrating the results of our cost discipline.
“Beyond financial performance, I am pleased to share that the group is about to enter a new chapter in our corporate journey, having received approval from Bursa Malaysia on July 21, 2026, for the transfer of our listing status to the Main Market.
“This significant milestone reflects the group’s continued growth, financial track record and readiness to operate under enhanced corporate governance standards, while providing greater market visibility and facilitating broader investor engagement.
Business-wise, Tiong said the group aims to commence operations at its expanded Senai Centralised Distribution Centre in the coming months.
Designed to increase storage and handling capacity, the facility will further enhance operational efficiency and service reliability and support the growing demand for dependable, scalable food supply chain solutions.
“While we remain vigilant about macroeconomic headwinds and inflationary pressure, our operations have demonstrated resilience, with no material disruptions to our supply chain, cost structure or customer demand. Moving forward, we will continue to maintain prudent financial management and disciplined cost controls,” he said.
Farm Price remained in a healthy financial position, supported by a net cash position and net assets per share of RM0.16 as at June 30, 2026.
The group also generated a positive net operating cash flow of RM6.4 million in 1H FY26.