FM GLOBAL LOGISTICS HOLDINGS BERHAD |
(Registration No. 199601008064 (380410-P)) |
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS |
FOR THE FOURTH QUARTER ENDED 30 JUNE 2025 |
(The figures have not been audited) |
PRECEDING YEAR |
CORRESPONDING |
QUARTER |
ENDED |
30 June 2024 |
RM'000 |
CURRENT YEAR |
QUARTER |
ENDED |
30 June 2025 |
RM'000 |
CURRENT YEAR |
TO DATE |
ENDED |
30 June 2025 |
RM'000 |
PRECEDING YEAR |
TO DATE |
ENDED |
30 June 2024 |
RM'000 |
Individual Quarter Cumulative Quarter
Changes |
% |
Changes
%
Revenue | 230,498 | 221,572 | 4% | 952,780 | 817,476 | 17% | |
Operating expenses | (220,408) | (214,299) | 3% | (906,505) | (778,935) | 16% | |
Other operating income | 3,071 | 5,249 | -41% | 9,230 | 13,590 | -32% | |
Profit from operations | 13,161 | 12,522 | 5% | 55,505 | 52,131 | 6% | |
Finance costs | (2,324) | (2,915) | -20% | (9,395) | (8,033) | 17% | |
Share of profit of associates | - | 307 | -100% | - | 309 | -100% | |
Share of profits of joint ventures | 153 | 510 | -70% | 1,654 | 2,249 | -26% | |
Profit before tax | 10,990 | 10,424 | 5% | 47,764 | 46,656 | 2% | |
Tax expense | (2,245) | (3,421) | -34% | (12,612) | (12,945) | -3% | |
Profit for the period | 8,745 | 7,003 | 25% | 35,152 | 33,711 | 4% |
Profit attributable to : |
Owners of the parent |
Non-controlling interests |
8,052 |
693 |
6,655 |
348 |
21% |
99% |
31,100 |
4,052 |
30,895 |
2,816 |
1% |
44% |
8,745 7,003 25% 35,152 33,711 4%
Earnings per share (sen) | ||
- | Basic | 1.44 |
1.19 21% 5.57 5.53 1%
The Condensed Consolidated Statement of Profit or Loss should be read in conjunction with the accompanying explanatory notes attached and Annual Financial Report for the financial year ended 30 June 2024.
FM GLOBAL LOGISTICS HOLDINGS BERHAD |
(Registration No. 199601008064 (380410-P)) |
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME |
FOR THE FOURTH QUARTER ENDED 30 JUNE 2025 |
(The figures have not been audited) |
Individual Quarter Cumulative Quarter
PRECEDING YEAR |
CORRESPONDING |
QUARTER |
ENDED |
30 June 2024 |
RM'000 |
CURRENT YEAR |
QUARTER |
ENDED |
30 June 2025 |
RM'000 |
Changes
%
Changes
CURRENT YEAR |
TO DATE |
ENDED |
30 June 2025 |
RM'000 |
PRECEDING YEAR |
TO DATE |
ENDED |
30 June 2024 |
RM'000 |
%
Other comprehensive income, net of tax | |
Items that may be reclassified subsequently | |
to profit or loss | |
Foreign currency translation differences | (2,265) |
for foreign operations | |
Fair value adjustment on revaluation of property, | - |
plant & equipment | |
Pension fund | (97) |
Profit for the period 8,745 7,003 25% 35,152 33,711 4%
(969) 134% (7,484) (2,414) 210%
37,852 -100% - 37,852 -100%
321 -130% (97) 321 -130%
Total comprehensive income for the period 6,383 44,207 -86% 27,571 69,470 -60%
Total comprehensive income attributable to : |
Owners of the parent |
Non-controlling interests |
6,237 |
146 |
44,051 |
156 |
-86%
-6%
-62%
25,606 |
1,965 |
67,349 |
2,121 |
-7%
6,383 44,207 -86% 27,571 69,470 -60%
The Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the accompanying explanatory notes |
attached and Annual Financial Report for the financial year ended 30 June 2024. |
FM GLOBAL LOGISTICS HOLDINGS BERHAD |
(Registration No. 199601008064 (380410-P)) |
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS |
FOR THE FOURTH QUARTER ENDED 30 JUNE 2025 |
(The figures have not been audited) |
FINANCIAL REVIEW FOR CURRENT QUARTER COMPARED WITH IMMEDIATE PRECEDING QUARTER
CURRENT YEAR |
QUARTER |
ENDED |
30 June 2025 |
RM'000 |
IMMEDIATE |
PRECEDING |
QUARTER |
ENDED |
31 March 2025 |
RM'000 |
Changes |
% |
Revenue | 230,498 | 225,522 | 2% |
Operating expenses | (220,408) | (213,724) | 3% |
Other operating income | 3,071 | 1,503 | 104% |
Profit from operations | 13,161 | 13,301 | -1% |
Finance costs | (2,324) | (2,311) | 1% |
Share of profits of joint ventures | 153 | 450 | -66% |
Profit before tax | 10,990 | 11,440 | -4% |
Tax expense | (2,245) | (3,600) | -38% |
Profit for the period | 8,745 | 7,840 | 12% |
Profit attributable to : |
Owners of the parent |
Non-controlling interests |
8,052 |
693 |
6,983 |
857 |
15% |
-19% |
8,745 | 7,840 | 12% | |
Earnings per share (sen) - Basic | 1.44 | 1.25 | 15% |
The Condensed Consolidated Statement of Profit or Loss should be read in conjunction with the accompanying explanatory notes attached and Annual Financial Report for the financial year ended 30 June 2024.
FM GLOBAL LOGISTICS HOLDINGS BERHAD |
(Registration No. 199601008064 (380410-P)) |
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME |
FOR THE FOURTH QUARTER ENDED 30 JUNE 2025 |
(The figures have not been audited) |
FINANCIAL REVIEW FOR CURRENT QUARTER COMPARED WITH IMMEDIATE PRECEDING QUARTER
CURRENT YEAR |
QUARTER |
ENDED |
30 June 2025 |
RM'000 |
IMMEDIATE |
PRECEDING |
QUARTER |
ENDED |
31 March 2025 |
RM'000 |
Changes |
% |
Other comprehensive income, net of tax | |
Items that may be reclassified subsequently | |
to profit or loss | |
Foreign currency translation differences | (2,265) |
for foreign operations | |
Pension fund | (97) |
Profit for the period 8,745 7,840 12%
(1,141) 99%
- 100%
Total comprehensive income for the period 6,383 6,699 -5%
Total comprehensive income attributable to : |
Owners of the parent |
Non-controlling interests |
6,237 |
146 |
6,196 |
503 |
1% |
-71% |
6,383 6,699 -5%
The Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the accompanying explanatory notes |
attached and Annual Financial Report for the financial year ended 30 June 2024. |
FM GLOBAL LOGISTICS HOLDINGS BERHAD |
(Registration No. 199601008064 (380410-P)) |
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION |
AS AT 30 JUNE 2025 |
(This figures have not been audited) |
As at End of |
Financial Year End |
30 June 2025 |
RM'000 |
As at Preceding |
Financial Year End |
30 June 2024 |
RM'000 |
ASSETS |
Non-current assets |
Property, plant and equipment |
Intangible assets |
Right-of-use assets |
Investments in associates |
Investments in joint ventures |
Other investments |
Goodwill on consolidation |
Contingent consideration |
Deferred tax assets |
280,337 |
- |
194,766 |
- |
10,240 |
360 |
21,683 |
1,989 |
1,394 |
510,769 |
258,719 |
9 |
202,778 |
1,770 |
8,585 |
360 |
21,683 |
4,607 |
1,300 |
499,811 |
Current assets |
Receivables |
Other investments |
Current tax assets |
Cash and bank balances |
250,240 |
- |
3,266 |
96,748 |
350,254 |
861,023 |
231,749 |
1,843 |
1,059 |
90,361 |
325,012 |
824,823 |
TOTAL ASSETS
EQUITY AND LIABILITIES |
Equity attributable to owners of the parent |
Share capital |
Reserves |
Non-controlling interests |
Total equity |
Non-current liabilities |
Long term borrowings |
Lease liabilities |
Deferred tax liabilities |
Post-employment benefits obligation |
Current liabilities |
Payables |
Short term borrowings |
Lease liabilities |
Current tax liabilities |
Total liabilities |
TOTAL EQUITY AND LIABILITIES |
Net assets per share (RM) |
Net assets per share attributable to owners |
of the parent (RM) |
104,290 |
322,667 |
426,957 |
20,406 |
447,363 |
104,290 |
327,953 |
432,243 |
20,169 |
452,412 |
103,379 |
27,248 |
38,863 |
3,803 |
173,293 |
96,587 |
32,514 |
36,494 |
3,749 |
169,344 |
126,342 |
87,857 |
23,964 |
2,204 |
240,367 |
413,660 |
861,023 |
98,626 |
71,756 |
28,821 |
3,864 |
203,067 |
372,411 |
824,823 |
0.80 0.81
0.76 0.77
The Condensed Consolidated Statement of Financial Position should be read in conjunction with the accompanying |
explanatory notes attached and Annual Financial Report for the financial year ended 30 June 2024. |
FM GLOBAL LOGISTICS HOLDINGS BERHAD |
(Registration No. 199601008064 (380410-P)) |
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW |
FOR THE 12 MONTHS ENDED 30 JUNE 2025 |
(The figures have not been audited) |
Current Year |
12 Months ended |
30 June 2025 |
RM'000 |
Preceding Year |
12 Months ended |
30 June 2024 |
RM'000 |
Note
CASH FLOW FROM OPERATING ACTIVITIES
Profit before tax 47,764 46,656
Adjustments for:- |
Depreciation on PPE |
Depreciation on right-of-use assets |
Amortisation of Intangible asset |
Other non-cash items |
Non-operating items |
10,783 |
24,742 |
9 |
8,587 |
44 |
10,844 |
28,193 |
110 |
7,130 |
752 |
Operating profit before working capital changes 91,929 93,685
Increase in trade and other receivables |
Increase/(Decrease) in trade and other payables |
(29,574) |
30,417 |
(49,475) |
11,935 |
Cash generated from operations 92,772 56,145
Interest paid |
Tax paid (net) |
Pension fund paid |
(63) |
(13,878) |
(119) |
(12) |
(11,113) |
(73) |
Net cash generated from operating activities 78,712 44,947
Acquisitions of: | ||
- additional interest in non-controlling interests of a subsidiary | (182) | |
- subsidiaries, net of cash and cash equivalents acquired | - | |
Disposal of a subsidiary, net of cash and cash equivalents disposed | - | |
Dividend received | 49 | |
Dividend received from associate | - | |
Interest received | 808 | |
Placements of: | ||
- fixed deposits pledged to licensed banks | (113) | |
- fixed deposits placed with a licensed bank with original maturity of more than three (3) months | (13) | |
Proceeds from disposal of: | ||
- property, plant and equipment | 577 | |
- right-of-use assets (HP) | - | |
- a associate | 1,468 | |
- join venture | ||
- other investment | 2,717 | |
Purchase of: | ||
- property, plant and equipment | A | (19,404) |
- right-of-use assets (HP) | B | (1,892) |
Withdrawal of fixed deposits pledged to licensed banks | 532 |
(3,698) |
(20,510) |
29 |
50 |
586 |
902 |
(190) |
(16) |
CASH FLOW FROM INVESTING ACTIVITIES
6,201 |
425 |
- |
82 |
- |
(32,910) |
(3,050) |
220 |
Net cash used in investing activities (15,453) (51,879)
CASH FLOW FROM FINANCING ACTIVITIES
Dividends paid to ordinary shareholders of the Company |
Dividend paid to non-controlling interests in a subsidiary |
Drawdowns of borrowings |
Interest paid |
Repayments of borrowings |
Repayments of lease liabilities |
(30,714) |
(1,725) |
46,174 |
(9,332) |
(34,062) |
(28,447) |
(22,337) |
(1,531) |
75,706 |
(8,021) |
(32,260) |
(33,038) |
Net cash used in financing activities | (58,106) | (21,481) | |
Net decrease in cash and cash equivalents | 5,153 | (28,413) | |
Cash and cash equivalents at beginning of financial period | 84,009 | 112,422 | |
Cash and cash equivalents at end of financial period | 89,162 | 84,009 | |
CASH AND CASH EQUIVALENTS |
Cash and bank balances |
Fixed deposits with licensed banks |
Bank overdrafts |
86,698 |
10,050 |
(1,772) |
78,877 |
11,484 |
(133) |
94,976 90,228
Less: Fixed deposits placed with a licensed bank with original maturity of more than three (3) months |
Less: Fixed deposits pledged to licensed banks |
(579) |
(5,235) |
(565) |
(5,654) |
89,162 84,009
Note A |
Purchase of property, plant and equipment |
Financed by hire purchase and lease |
Financed by term loan |
Cash payments on purchase of property, plant and equipment |
28,942 |
(385) |
(9,153) |
19,404 |
53,763 |
(710) |
(20,143) |
32,910 |
Note B |
Purchase of right-of-use assets (HP) |
Financed by hire purchase and lease |
Financed by term loan |
Cash payments on purchase of right-of-use assets (HP) |
17,873 |
(15,981) |
- |
1,892 |
24,361 |
(8,511) |
(12,800) |
3,050 |
The Condensed Consolidated Statement of Cash Flow should be read in conjunction with the accompanying explanatory notes attached and Annual Financial Report for the financial year ended 30 June 2024. 6
FM GLOBAL LOGISTICS HOLDINGS BERHAD |
(Registration No. 199601008064 (380410-P)) |
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY | |||||||
FOR THE 12 MONTHS ENDED 30 JUNE 2025 | |||||||
(The figures have not been audited) | |||||||
Share | Exchange translation | Revaluation | Pension | Retained | Total attributable to | Non controlling | Total |
capital | reserve | reserve | reserve | earnings | owners of the parent | interests | equity |
RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 |
As at 1 July 2024 | 104,290 | 1,996 | 118,552 | (224) | 207,629 | 432,243 | 20,169 | 452,412 |
Profit for the period | - | - | - | - | 31,100 | 31,100 | 4,052 | 35,152 |
Other comprehensive income | - | (5,429) | - | (65) | - | (5,494) | (2,087) | (7,581) |
Total comprehensive income for the period | ||||||||
- | (5,429) | - | (65) | 31,100 | 25,606 | 1,965 | 27,571 |
Acquisition from additional interest of non-controlling interest | - | - | - | - | (178) | (178) | (3) | (181) |
Dividends paid | - | - | - | - | (30,714) | (30,714) | - | (30,714) |
Dividend paid to non-controlling interest of a subsidiary | - | - | - | - | - | - | (1,725) | (1,725) |
Transfer due to crystallisation of revaluation reserve | - | - | (1,664) | - | 1,664 | - | - | - |
As at 30 June 2025 | 104,290 | (3,433) | 116,888 | (289) | 209,501 | 426,957 | 20,406 | 447,363 |
Share | Exchange translation | Revaluation | Pension | Retained | Total attributable to | Non-controlling | Total |
capital | reserve | reserve | reserve | earnings | owners of the parent | interests | equity |
RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 |
As at 1 July 2023 | 104,290 | 3,608 | 81,911 | (438) | 194,648 | 384,019 | 20,502 | 404,521 |
Profit for the period | - | - | - | - | 30,895 | 30,895 | 2,816 | 33,711 |
Other comprehensive income | - | (1,612) | 37,852 | 214 | - | 36,454 | (695) | 35,759 |
Total comprehensive income for the period | - | (1,612) | 37,852 | 214 | 30,895 | 67,349 | 2,121 | 69,470 |
Ordinary shares contributed by non-controlling interest of a | - | - | - | - | 112 | 112 | 291 | 403 |
Acquisition from additional interest of non-controlling | - | - | - | - (2,484) | (2,484) | (1,214) | (3,698) |
Dividend paid | - | - | - | - (16,753) | (16,753) | - | (16,753) |
Dividend paid to non-controlling interest of a subsidiary | - | - - | - | (1,531) | (1,531) |
Transfer due to crystallisation of revaluation reserve | - | - | (1,211) | - | 1,211 | - | - | - |
As at 30 June 2024 | 104,290 | 1,996 | 118,552 | (224) | 207,629 | 432,243 | 20,169 | 452,412 |
The Condensed Consolidated Statement of Changes in Equity should be read in conjunction with the accompanying explanatory notes attached and Annual Financial Report for the |
financial year ended 30 June 2024. 7 |
The interim financial statements are unaudited and have been prepared in accordance with the Malaysian Financial Reporting Standards ("MFRS") 134: Interim Financial Reporting and paragraph 9.22 and Part A of Appendix 9B of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities"). The interim financial statements should be read in conjunction with the Group's annual audited financial statements for the financial year ended 30 June 2024.
The explanatory notes attached to the interim financial statements provide an explanation of events and transactions that are significant to an understanding of the changes in the financial position and performance of the Group since the financial year ended 30 June 2024.
The accounting policies and method of computation adopted by the Group in the preparation of the consolidated interim financial statements are consistent with those adopted in the most recent annual audited financial statements for the financial year ended 30 June 2024 except for the adoption of MFRSs, amendments and interpretations that are effective for the financial year beginning on or after 1 July 2024 which are applicable to the Group. The initial adoption of these applicable MFRSs, amendments and interpretations do not have any material impact on the financial statements of the Group.
A2. Qualification of Annual Financial StatementsThe audit report of the Group's latest audited financial statements for the financial year ended 30 June 2024 was not qualified.
A3. Seasonality or cyclicality factorsThe Group's business operation results were not materially affected by any major seasonal or cyclical factors.
Notes on the quarterly report - 30 June 2025 A4. Unusual ItemsThere were no unusual items affecting the Group's assets, liabilities, equity, net income or cash flows in the financial period under review.
A5. Changes in estimatesThere were no changes in estimates of amounts reported in prior financial year that have had material effect in the current quarter.
A6. Changes in debts and equity securitiesThere were no issuances, cancellations, repurchases, resale or repayments of debt and equity securities during the financial period under review.
A7. Dividend paidThe second interim single tier dividend of 3.0 sen per share amounting to RM16,753,345 in respect of financial year ended 30 June 2024 has been paid on 18 October 2024.
The first interim single tier dividend of 1.5 sen per share amounting to RM8,376,672 in respect of financial year ending 30 June 2025 has been paid on 11 April 2025.
The second interim single tier dividend of 1.0 sen per share amounting to RM5,584,448 in respect of financial year ending 30 June 2025 has been paid on 26 June 2025.
Notes on the quarterly report - 30 June 2025 A8. Segment informationOperating segments for the current financial period ended 30 June 2025:
Logistics
Malaysia | Australia | Indonesia | Thailand | Vietnam | India | USA | Singapore | Others | Elimination | Total | |
Revenue | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 |
Total revenue | 643,582 | 94,259 | 73,546 | 35,718 | 21,260 | 47,517 | 58,743 | 17,620 | 3,812 | (43.277) | 952,780 |
Inter-segment revenue | (15,752) | (2,451) | (2,465) | (4,142) | (1,910) | (2,274) | (10,302) | (169) | (3,812) | 43,277 | - |
Revenue from external customers | 627,830 | 91,808 | 71,081 | 31,576 | 19,350 | 45,243 | 48,441 | 17,451 | - | - | 952,780 |
Results Segment results | 40,056 | 6,008 | 5,676 | 933 | 554 | 798 | 2,803 | 188 | (860) | (651) | 55,505 |
Finance costs | (8,567) | (39) | (90) | (220) | (17) | (74) | (349) | (604) | - | 565 | (9,395) |
Share of loss of associates | - | - | - | - | - | - | - | - | - | - | - |
Share of profit of joint ventures | - | - | - | - | - | - | - | - | 1,654 | - | 1,654 |
Profit before tax | 31,489 | 5,969 | 5,586 | 713 | 537 | 724 | 2,454 | (416) | 794 | (86) | 47,764 |
Tax expense | (12,612) | ||||||||||
Profit for the period | 35,152 | ||||||||||
Assets Segment assets | 677,961 | 25,058 | 38,383 | 15,310 | 6,364 | 11,658 | 31,010 | 20,759 | 35,845 | (16,225) | 846,123 |
Investments in joint ventures | - | - | - | - | - | - | - | - | 10,240 | - | 10,240 |
Deferred tax assets | - | - | 1,374 | - | - | 20 | - | - | - | - | 1,394 |
Current tax assets | 1,517 | - | 917 | 610 | - | - | - | - | 222 | - | 3,266 |
Total assets | 861,023 |
Malaysia | Australia | Indonesia | Thailand | Vietnam | India | USA | Singapore | Others | Elimination | Total | |
RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | |
Liabilities | |||||||||||
Segment liabilities | 322,933 | 10,995 | 11,039 | 9,147 | 1,202 | 7,706 | 25,252 | 13,705 | 8,598 | (37,984) | 372,593 |
Deferred tax liabilities | 38,739 | - | - | - | - | 3 | - | - | 121 | 38,863 | |
Current tax liabilities | 587 | 726 | - | - | 49 | 295 | 517 | 30 | - | - | 2,204 |
Total liabilities | 413,660 | ||||||||||
Other segment information | |||||||||||
Capital expenditure - PPE | 27,601 | 60 | 740 | 16 | 182 | 110 | 113 | 101 | 19 | - | 28,942 |
Capital expenditure - ROU assets (HP) | 17,873 | - | - | - | - | - | - | - | - | - | 17,873 |
Depreciation on PPE | 9,154 | 156 | 425 | 61 | 18 | 66 | 34 | 344 | 525 | - | 10,783 |
Depreciation on right-of-use assets | 15,497 | 555 | 566 | 129 | 180 | - | - | 7,815 | - | - | 24,742 |
Amortization of Intangible assets | - | - | - | - | - | - | - | - | 9 | - | 9 |
Operating segments for the current financial period ended 30 June 2024:
Logistics
Malaysia | Australia | Indonesia | Thailand | Vietnam | India | USA | Singapore | Others | Elimination | Total | |
Revenue | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 |
Total revenue | 570,117 | 79,051 | 68,715 | 30,124 | 14,495 | 31,659 | 39,641 | 16,071 | 2,961 | (35,358) | 817,476 |
Inter-segment revenue | (16,268) | (1,066) | (2,565) | (2,338) | (1,130) | (2,173) | (6,857) | - | (2,961) | 35,358 | - |
Revenue from external customers | 553,849 | 77,985 | 66,150 | 27,786 | 13,365 | 29,486 | 32,784 | 16,071 | - | - | 817,476 |
Results Segment results | 43,477 | 2,535 | 6,292 | 355 | (170) | 991 | 1,824 | 1,290 | (1,633) | (2,830) | 52,131 |
Finance costs | (7,044) | (83) | (54) | (181) | (10) | (45) | (530) | (807) | (345) | 1,066 | (8,033) |
Share of loss of associates | 309 | - | - | - | - | - | - | - | - | - | 309 |
Share of profit of joint ventures | - | - | - | - | - | - | - | - | 2,249 | - | 2,249 |
Profit before tax | 36,742 | 2,452 | 6,238 | 174 | (180) | 946 | 1,294 | 483 | 271 | (1,764) | 46,656 |
Tax expense | (12,945) | ||||||||||
Profit for the period | 33,711 | ||||||||||
Assets Segment assets | 667,379 | 25,164 | 37,718 | 15,368 | 6,473 | 9,524 | 23,927 | 27,412 | 96,260 | (97,116) | 812,109 |
Investments in associates | 334 | - | - | - | - | - | - | - | 1,436 | - | 1,770 |
Investments in joint ventures | - | - | - | - | - | - | - | - | 8,585 | - | 8,585 |
Deferred tax assets | - | - | 1,271 | - | - | 29 | - | - | - | - | 1,300 |
Current tax assets | 8 | - | 511 | 471 | - | - | - | 11 | 58 | - | 1,059 |
Total assets | 824,823 |
Malaysia | Australia | Indonesia | Logistics Thailand | Vietnam | India | USA | Singapore | Others | Elimination | Total | |
RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | |
Liabilities | |||||||||||
Segment liabilities | 341,058 | 10,865 | 11,321 | 9,606 | 1,027 | 4,486 | 19,714 | 20,702 | 71,878 | (158,604) | 332,053 |
Deferred tax liabilities | 36,461 | - | - | - | - | 2 | - | 31 | - | 36,494 | |
Current tax liabilities | 2,018 | 870 | - | - | 61 | 497 | 377 | - | 41 | - | 3,864 |
Total liabilities | 372,411 | ||||||||||
Other segment information | |||||||||||
Capital expenditure - PPE | 51,115 | 564 | 673 | 33 | 10 | 41 | 10 | 1,317 | - | - | 53,763 |
Capital expenditure - ROU assets (HP) | 23,758 | - | - | 603 | - | - | - | - | - | - | 24,361 |
Depreciation on PPE | 8,834 | 145 | 336 | 67 | 22 | 75 | 84 | 392 | 528 | 361 | 10,844 |
Depreciation on right-of-use assets | 16,931 | 687 | 606 | 168 | 186 | - | - | 9,615 | - | - | 28,193 |
Amortization of Intangible assets | - | - | - | - | - | - | - | - | 110 | - | 110 |
The Group comprises the following major business segments:
Logistics - provision of integrated freight and logistics services such as sea freight, air freight, land freight, warehouse and distribution and supporting services, which are operated by companies in Malaysia, Australia, Indonesia, Thailand, Vietnam, India, USA and Singapore.
Others - investment holdings and provision of management services, provision of IT application solutions and support services.
There have been no differences in the basis of segmentation or in the basis of measurement of segment profit and loss as compared to the last annual financial statements.
A9. Valuation of property, plant and equipmentThe Group's property, plant and equipment other than land and buildings are stated at cost less accumulated depreciation and any accumulated impairment losses. Land and buildings are stated at valuation, which are the fair values at the date of revaluation.
A10. Material events subsequent to the end of the interim periodThere were no material events subsequent to the end of the current quarter.
A11. Changes in the composition of the GroupThere were no changes in the composition of the Group during the current financial period.
Notes on the quarterly report - 30 June 2025 A12. Contingent liabilitiesThe Directors of FMHB are not aware of any material changes in the contingent liabilities since the last financial year save as disclosed below:-
RM'000Guarantees given to third parties in respect of trade performance of
subsidiaries 8,009
Guarantees given to financial institutions in respect of credit facilities
granted | 193,616 | |
201,625 | ||
A13. | Capital commitments | |
Contracted but not provided for : | As at | |
30.06.25 RM'000 | ||
Land | 60,462 | |
Buildings | 9,735 | |
Trucks | 5,304 | |
Prime movers | 1,525 | |
Forklift | 1,545 | |
Office equipment | 372 |
78,943
Notes on the quarterly report - 30 June 2025 PART B: ADDITIONAL INFORMATION REQUIRED BY THE MAIN MARKET LISTING REQUIREMENTS OF BURSA SECURITIESB1. | Review of performance | ||||
Service Type | 4QFY25 | 4QFY24 | Changes RM mil | % change | |
International freight | 167.4 | 158.4 | 9.0 | 6% | |
Domestic Logistics | 63.1 | 63.1 | 0.0 | 0% | |
TOTAL | 230.5 | 221.5 | 9.0 | 4% | |
The Group's revenue for the current quarter of RM230.5 million was RM9.0 million or 4% higher than 4QFY24 mainly due to overall improved business activities in this quarter.
The Group's Profit Before Tax ("PBT") increased from RM10.4 million to RM11.0 million or 5% higher as compared to 4QFY24 due to increase of business activities in this quarter.
B2. Variation of results against preceding quarterChanges | ||||
Service Type | 4QFY25 | 3QFY25 | RM mil | % change |
International freight | 167.4 | 168.4 | -1.0 | -1% |
Domestic Logistics | 63.1 | 57.1 | 6.0 | 11% |
TOTAL | 230.5 | 225.5 | 5.0 | 2% |
The Group's revenue for the current quarter of RM230.5 million was RM5.0 million or 2% higher than 3QFY25 mainly due to increase of business activities in this quarter.
The Group's PBT for 4QFY25 decreased to RM11.0 million or 4% lower than 3QFY25 mainly due to higher operating expenses in the current quarter.
Notes on the quarterly report - 30 June 2025 B3. Prospects for Next Financial YearFor the financial year ending 30 June 2026, the Group remains cautiously optimistic about its prospects, notwithstanding the prevailing uncertainties in the global geo political and trade environment. Moving forward, the Group will continue to strengthen its position by expanding its customer base, while maintaining a strong emphasis on cost efficiency and disciplined financial management.
B4. Variance of actual and forecast profitThe Group did not issue any profit forecast and therefore no variance information is available for the quarter under review.
B5. Tax expense Individual Quarter Cumulative Quarter Preceding PrecedingCurrent Year Quarter | Year Corresponding Quarter | Current Year To Date | Year Corresponding Quarter | ||
30.06.2025 | 30.06.2024 | 30.06.2025 | 30.06.2024 | ||
RM'000 | RM'000 | RM'000 | RM'000 | ||
In respect of current | |||||
period: | |||||
Income tax | (183) | 3,010 | 9,622 | 12,767 | |
Deferred tax | 1,863 | 232 | 2,147 | (20) | |
1,680 | 3,242 | 11,769 | 12,747 | ||
In respect of prior years : | |||||
Income tax | 563 | 179 | 876 | 264 | |
Deferred tax | 2 | - | (33) | (66) | |
565 | 179 | 843 | 198 | ||
Total | 2,245 | 3,421 | 12,612 | 12,945 |
There was no corporate proposal announced as at the date of the announcement.
B7. Group borrowingsThe Group's borrowings as at the end of the reporting quarter are as follows:
Payable within 12 months (secured)Term loans
As at 30.06.2025 RM'000 As at 30.06.2024 RM'000- Ringgit Malaysia | 86,085 | 71,543 |
- India Dollar (- / INR1.4m)^ | - | 80 |
Lease liabilities (Hire-purchase) | ||
- Ringgit Malaysia | 12,648 | 11,342 |
- Australian Dollar (AUD15k / AUD14k)^ | 41 | 44 |
- Indonesia Rupiah (IDR 1,043m / IDR 551m)^ | 270 | 158 |
- Thai Baht (THB773k / THB729k)^ | 100 | 93 |
Overdraft | ||
- Ringgit Malaysia | 714 | 20 |
- Indian Rupee (INR21.5m / INR2m)^ | 1,058 | 113 |
100,916 | 83,393 | |
Term loans
- Ringgit Malaysia 103,379 96,587 Lease liabilities (Hire-purchase)
- Ringgit Malaysia | 22,309 | 20,424 | |
- Australian Dollar (AUD68k / AUD83k)^ | 187 | 260 | |
- Indonesia Rupiah (IDR 952m / IDR 850m)^ | 247 | 245 | |
- Thai Baht (THB1.8m / THB2.6m)^ | 235 | 332 | |
126,357 | 117,848 | ||
Total borrowings | 227,273 | 173,637 | |
^ Exchange rate - Australian Dollar | 2.7541 | 3.135 | |
- Indonesian Rupiah | 0.000259 | 0.000288 | |
- Thai Baht | 12.97 | 12.83 | |
- Indian Rupee | 0.0492 | 0.0566 |
Neither FMHB nor any of its subsidiaries in the Group is engaged in any material litigation or arbitration, either as plaintiff or defendant, which has a material effect on the financial position of the Company or any of its subsidiaries in the Group and the Board of Directors of FMHB is not aware of any proceedings pending or threatened, or of any fact likely to give rise to any proceedings, which might materially and adversely affect the position or business of the Company or any of its subsidiaries in the Group.
B9. DividendThe Board of Directors has declared a third interim single tier dividend of 2.0 sen per ordinary share, in respect of the financial year ended 30 June 2025. The dividend will be paid on 26 September 2025 to holders of ordinary shares whose names appear in the Record of Depositors at the close of business on 11 September 2025.
B10. Earnings per share Individual Quarter Cumulative Quarter Preceding PrecedingCurrent Year Quarter | Year Corresponding Quarter | Current Year To Date | Year Corresponding Quarter | ||
30.06.2025 | 30.06.2024 | 30.06.2025 | 30.06.2024 | ||
Profit attributable to equity holders of the parent (RM'000) | 8,052 | 6,655 | 31,100 | 30,895 | |
Weighted average number of ordinary shares in issue ('000) | 558,445 | 558,445 | 558,445 | 558,445 | |
Basic Earnings Per Ordinary Share (sen) | 1.44 | 1.19 | 5.57 | 5.53 |
Current Year Quarter | Preceding Year Quarter | Current Year To Date | Preceding Year To Date | |
30.06.25 | 30.06.24 | 30.06.25 | 30.06.24 | |
RM'000 | RM'000 | RM'000 | RM'000 | |
Profit for the period is arrived | ||||
at after charging/(crediting) : | ||||
Interest income | (246) | (207) | (865) | (1,058) |
Fair value gain on other | ||||
investment | - | (46) | - | (46) |
Gain on disposal of property, | ||||
plant and equipment | (290) | (3,197) | (696) | (4,061) |
(Gain)/loss on foreign exchange | 1,214 | 283 | 2,368 | 710 |
Depreciation of PPE | 3,356 | 3,178 | 10,783 | 10,839 |
Depreciation of Right-of-use | ||||
Assets | 5,026 | 13,711 | 24,742 | 28,199 |
Amortization of Intangible asset | - | 27 | 9 | 110 |
Loss on Impairment/ | ||||
write off of receivable | 202 | 3,349 | 1,135 | 5,733 |
Interest expense | 2,324 | 2,915 | 9,395 | 8,033 |
Other than the above, there were no gain or loss on disposal of quoted or unquoted investments, gain or loss on derivatives and exceptional items for the financial period ended 30 June 2025.
