PETALING JAYA: Integrated gold jewellery manufacturer and retailer Tomei Consolidated Bhd posted an 87% increase in net profit to RM52.07 million for the first quarter ended March 31, 2026 (Q1’26), from RM27.85 million a year earlier, driven by stronger retail demand and higher gold prices.
Revenue for the quarter rose 61.8% to RM563.19 million from RM348.01 million in the corresponding period last year, according to a filing with Bursa Malaysia.
Earnings per share improved 87% to 37.6 sen from 20.1 sen previously.
The retail segment, the group’s key earnings driver, contributed RM483.7 million in revenue, up 68.7% year-on-year, supported by stronger consumer demand during the Chinese New Year and Hari Raya festive periods, coupled with higher gold selling prices.
Meanwhile, the manufacturing and wholesale segment posted revenue growth of 29.2% to RM81.4 million, primarily driven by higher gold prices and improved order flows.
Tomei group managing director Datuk Ng Yih Pyng said the group remains mindful of the increasingly cautious macroeconomic environment.
“The ongoing Middle East conflict and blockage of the Strait of Hormuz have contributed to elevated global crude oil prices, which may translate into higher fuel and transportation costs and could weigh on consumer spending sentiment,” he said in a statement.
He added that Tomei remains vigilant and committed to closely monitoring global and domestic economic developments, while implementing proactive risk mitigation measures to sustain the group’s long-term growth trajectory.
“Our dual-segment business model and healthy balance sheet position us well to navigate near-term headwinds.”
The group declared a first and final single-tier dividend of two sen per share for FY25, payable on June 19, 2026.