Fm Global Logistics Holdings BhdMYX: FM

Quarterly Report For The Financial Period Ended 31 March 2025

May 27, 2025 at 4:00 AM UTC · Issued by Fm Global Logistics Holdings Bhd

FM GLOBAL LOGISTICS HOLDINGS BERHAD

(Registration No. 199601008064 (380410-P))

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS

FOR THE THIRD QUARTER ENDED 31 MARCH 2025

(The figures have not been audited)

PRECEDING YEAR

CORRESPONDING

QUARTER

ENDED

31 March 2024

RM'000

CURRENT YEAR

QUARTER

ENDED

31 March 2025

RM'000

CURRENT YEAR

TO DATE

ENDED

31 March 2025

RM'000

PRECEDING YEAR

TO DATE

ENDED

31 March 2024

RM'000

Individual Quarter Cumulative Quarter

Changes

Revenue	225,522	206,754	9%	722,282	595,904	21%
Operating expenses	(213,724)	(194,576)	10%	(686,097)	(564,636)	22%
Other operating income	1,503	2,294	-34%	6,159	8,341	-26%
Profit from operations	13,301	14,472	-8%	42,344	39,609	7%
Finance costs	(2,311)	(1,962)	18%	(7,071)	(5,118)	38%
Share of profit of associates	-	1	0%	-	2	0%
Share of profits of joint ventures	450	917	-51%	1,501	1,739	-14%
Profit before tax	11,440	13,428	-15%	36,774	36,232	1%
Tax expense	(3,600)	(3,570)	1%	(10,367)	(9,524)	9%
Profit for the period	7,840	9,858	-20%	26,407	26,708	-1%

Profit attributable to :

Owners of the parent

Non-controlling interests

6,983

857

9,029

829

-23%

23,048

3,359

24,240

2,468

-5%

36%

7,840 9,858 -20% 26,407 26,708 -1%

Earnings per share (sen)
-	Basic	1.25

1.62 -23% 4.13 4.34 -5%

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 THIRD QUARTER ENDED 31 MARCH 2025

(The figures have not been audited)

Individual Quarter Cumulative Quarter

PRECEDING YEAR

CORRESPONDING

QUARTER

ENDED

31 March 2024

RM'000

CURRENT YEAR

QUARTER

ENDED

31 March 2025

RM'000

Changes

CURRENT YEAR

TO DATE

ENDED

31 March 2025

RM'000

PRECEDING YEAR

TO DATE

ENDED

31 March 2024

RM'000

Other comprehensive income, net of tax
Items that may be reclassified subsequently
to profit or loss
Foreign currency translation differences	(1,141)
for foreign operations

Profit for the period 7,840 9,858 -20% 26,407 26,708 -1%

(115) 892% (5,219) (1,445) 261%

Total comprehensive income for the period 6,699 9,743 -31% 21,188 25,263 -16%

Total comprehensive income attributable to :

Owners of the parent

Non-controlling interests

6,196

503

9,012 -31%

731 -31%

-17%

19,369

1,819

23,298

1,965

-7%

6,699 9,743 -31% 21,188 25,263 -16%

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 THIRD QUARTER ENDED 31 MARCH 2025

(The figures have not been audited)

FINANCIAL REVIEW FOR CURRENT QUARTER COMPARED WITH IMMEDIATE PRECEDING QUARTER

CURRENT YEAR

QUARTER

ENDED

31 March 2025

RM'000

IMMEDIATE

PRECEDING

QUARTER

ENDED

31 December 2024

RM'000

Changes

Revenue	225,522	243,051	-7%
Operating expenses	(213,724)	(228,975)	-7%
Other operating income	1,503	1,355	11%
Profit from operations	13,301	15,431	-14%
Finance costs	(2,311)	(2,355)	-2%
Share of profits of joint ventures	450	394	14%
Profit before tax	11,440	13,470	-15%
Tax expense	(3,600)	(3,214)	12%
Profit for the period	7,840	10,256	-24%

Profit attributable to :

Owners of the parent

Non-controlling interests

6,983

857

8,808

1,448

-21%

-41%

7,840

10,256

-24%

Earnings per share (sen)

- Basic

1.25

1.58

-21%

FM GLOBAL LOGISTICS HOLDINGS BERHAD

(Registration No. 199601008064 (380410-P))

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE THIRD QUARTER ENDED 31 MARCH 2025

(The figures have not been audited)

FINANCIAL REVIEW FOR CURRENT QUARTER COMPARED WITH IMMEDIATE PRECEDING QUARTER

CURRENT YEAR

QUARTER

ENDED

31 March 2025

RM'000

IMMEDIATE

PRECEDING

QUARTER

ENDED

31 December 2024

RM'000

Changes

Other comprehensive income, net of tax
Items that may be reclassified subsequently
to profit or loss
Foreign currency translation differences	(1,141)
for foreign operations

Profit for the period 7,840 10,256 -24%

1,854 -162%

Total comprehensive income for the period 6,699 12,110 -45%

Total comprehensive income attributable to :

Owners of the parent

Non-controlling interests

6,196

503

10,473

1,637

-41%

-69%

6,699 12,110 -45%

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 31 MARCH 2025

(This figures have not been audited)

As at End of

Financial Year End

31 March 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

276,610
-
198,579
-
10,086
360
21,683
4,607
1,277
513,202

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

261,776

1,843

1,786

88,816

354,221

867,423

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

322,192

426,482

20,263

446,745

104,290

327,953

432,243

20,169

452,412

105,679

28,623

36,812

3,829

174,943

96,587

32,514

36,494

3,749

169,344

126,856

87,614

26,374

4,891

245,735

420,678

867,423

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 9 MONTHS ENDED 31 MARCH 2025

(The figures have not been audited)

Current Year

9 Months ended

31 March 2025

RM'000

Preceding Year

9 Months ended

31 March 2024

RM'000

Note

CASH FLOW FROM OPERATING ACTIVITIES

Profit before tax 36,774 36,232

Adjustments for:-

Depreciation on PPE

Depreciation on right-of-use assets

Amortisation of Intangible asset

Other non-cash items

Non-operating items

7,427

19,716

6,483

1,135

7,661

14,488

4,334

1,030

Operating profit before working capital changes 71,544 63,828

Increase in trade and other receivables

Increase/(Decrease) in trade and other payables

(39,581)

21,844

(21,304)

(4,844)

Cash generated from operations 53,807 37,680

Interest paid

Tax paid (net)

Pension fund paid

(36)

(9,645)

(10)

(9,059)

Net cash generated from operating activities 44,126 28,659

Acquisitions of:
- subsidiaries, net of cash and cash equivalents acquired
Disposal of a subsidiary, net of cash and cash equivalents disposed		-
Dividend received		48
Dividend received from a joint venture		-
Interest received		589
Placements of:
- fixed deposits pledged to licensed banks		(86)
Proceeds from disposal of:
- property, plant and equipment		305
- ROU assets		-
- a associate		1,469
Purchase of:
- property, plant and equipment	A	(17,031)
- right-of-use assets (HP)	B	(1,392)
Withdrawal of fixed deposits pledged to licensed banks		535

CASH FLOW FROM INVESTING ACTIVITIES

(22,176)

586

783

(163)

1,136

364

(32,027)

(2,527)

215

Net cash used in investing activities (15,563) (53,755)

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

(16,753)

(1,725)

42,647

(7,036)

(26,967)

(22,446)

(16,753)

(1,531)

59,707

(5,108)

(26,676)

(17,882)

Net cash used in financing activities	(32,280)	(8,243)
Net decrease in cash and cash equivalents	(3,717)	(33,339)
Cash and cash equivalents at beginning of financial period	84,009	112,422
Cash and cash equivalents at end of financial period	80,292	79,083
CASH AND CASH EQUIVALENTS

Cash and bank balances

Fixed deposits with licensed banks

Bank overdrafts

78,330

10,486

(2,753)

74,167

11,304

(207)

86,063 85,264

Less: Fixed deposits placed with a licensed bank with original

maturity of more than three (3) months

Less: Fixed deposits pledged to licensed banks

(566)

(5,205)

(549)

(5,632)

80,292 79,083

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

24,086

(399)

(6,656)

17,031

37,013

(366)

(4,620)

32,027

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)

12,915

(11,523)

1,392

19,451

(4,124)

(12,800)

2,527

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 9 MONTHS ENDED 31 MARCH 2025

(The figures have not been audited)

capital

Exchange translation

reserve

Revaluation

reserve

Pension

reserve

Retained

earnings

Total attributable to

owners of the parent

Non controlling

interests

Total

equity

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	-	-	-	-	23,048	23,048	3,359	26,407
Other comprehensive income	-	(3,679)	-	-	-	(3,679)	(1,540)	(5,219)
Total comprehensive income for the period
Total comprehensive income for the period	-	(3,679)	-	-	23,048	19,369	1,819	21,188

Dividends paid	-	-	-	-	(25,130)	(25,130)	-	(25,130)
Dividend paid to non-controlling interest of a subsidiary	-	-	-	-	-	-	(1,725)	(1,725)
Transfer due to crystallisation of revaluation reserve	-	-	(1,248)	-	1,248	-	-	-
As at 31 March 2025	104,290	(1,683)	117,304	(224)	206,795	426,482	20,263	446,745
	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	-	-	-	-	24,240	24,240	2,468	26,708
Other comprehensive income	-	(942)	-	-	-	(942)	(503)	(1,445)
Total comprehensive income for the period
Total comprehensive income for the period	-	(942)	-	-	24,240	23,298	1,965	25,263

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	-	-	(909)	- 909	-	-	-
As at 31 March 2024	104,290	2,666	81,002	(438) 203,044	390,564	20,936	411,500

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

Notes on the quarterly report - 31 March 2025 PART A : EXPLANATORY NOTES AS PER MFRS 134 A1. Basis of preparation

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 Statements

The 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 factors

The Group's business operation results were not materially affected by any major seasonal or cyclical factors.

Notes on the quarterly report - 31 March 2025 A4. Unusual Items

There 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 estimates

There 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 securities

There were no issuances, cancellations, repurchases, resale or repayments of debt and equity securities during the financial period under review.

A7. Dividend paid

The 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.

Notes on the quarterly report - 31 March 2025 A8. Segment information

Operating segments for the current financial period ended 31 March 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	490,136	72,743	57,131	26,454	15,702	35,812	41,060	12,151	2,859	(31,766)	722.282
Inter-segment revenue	(12,212)	(2,130)	(1,760)	(2,843)	(1,426)	(1,748)	(6,685)	(103)	(2,859)	31,766	-
Revenue from external customers	477,924	70,613	55,371	23,611	14,276	34,064	34,375	12,048	-	-	722,282
Results Segment results	30,524	5,402	4,771	578	241	452	2,326	(422)	(1,150)	(378)	42,344
Finance costs	(6,377)	(14)	(71)	(97)	(12)	(31)	-	(546)	-	77	(7,071)
Share of loss of associates	-	-	-	-	-	-	-	-	-	-	-
Share of profit of joint ventures	-	-	-	-	-	-	-	-	1,501	-	1,501
Profit before tax	24,147	5,388	4,700	481	229	421	2,326	(968)	351	(301)	36,774
Tax expense											(10,367)
Profit for the period											26,407
Assets Segment assets	722,839	27,473	38,184	16,313	7,052	14,122	32,195	28,363	113,717	(145,984)	854,274
Investments in joint ventures	-	-	-	-	-	-	-	-	10,086	-	10,086
Deferred tax assets	-	-	1,251	-	-	26	-	-	-	-	1,277
Current tax assets	55	-	782	738	-	-	-	-	211	-	1,786
Total assets											867,423

Notes on the quarterly report - 31 March 2025 Logistics

	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	423,986	13,035	10,374	10,235	1,748	9,085	25,904	18,230	68,841	(202,463)	378,975
Deferred tax liabilities	36,810	-	-	-	-	2	-	-	-		36,812
Current tax liabilities	1,451	1,617	-	99	78	581	1,038	27	-	-	4,891
Total liabilities											420,678
Other segment information
Capital expenditure - PPE	23,085	21	645	13	10	106	7	101	98	-	24,086
Capital expenditure - ROU assets (HP)	12,915	-	-	-	-	-	-	-	-	-	12,915
Depreciation on PPE	6,296	70	309	47	7	41	1	253	403	-	7,427
Depreciation on right-of-use assets	11,531	-	427	98	137	-	-	7,523	-	-	19,716
Amortization of Intangible assets	-	-	-	-	-	-	-	-	9	-	9

Notes on the quarterly report - 31 March 2025 A8. Segment information

Operating segments for the current financial period ended 31 March 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	420,112	56,665	50,155	21,028	10,231	22,827	28,640	10,529	1,723	(26,006)	595,904
Inter-segment revenue	(12,226)	(869)	(2,136)	(1,593)	(590)	(1,625)	(5,244)	-	(1,723)	26,006	-
Revenue from external customers	407,886	55,796	48,019	19,435	9,641	21,202	23,396	10,529	-	-	595,904
Results Segment results	32,329	2,179	4,971	407	(211)	592	1,172	1,094	(1,928)	(996)	39,609
Finance costs	(5,051)	(27)	(11)	(68)	(3)	(10)	-	-	-	52	(5,118)
Share of loss of associates	2	-	-	-	-	-	-	-	-	-	2
Share of profit of joint ventures	-	-	-	-	-	-	-	-	1,739	-	1,739
Profit before tax	27,280	2,152	4,960	339	(214)	582	1,172	1,094	(189)	(944)	36,232
Tax expense											(9,524)
Profit for the period											26,708
Assets Segment assets	619,918	23,594	35,521	14,711	6,399	10,306	25,643	27,486	101,589	(136,845)	728,322
Investments in associates	456	-	-	-	-	-	-	-	-	-	456
Investments in joint ventures	-	-	-	-	-	-	-	-	11,568	-	11,568
Deferred tax assets	-	-	1,191	-	-	31	-	-	-	-	1,222
Current tax assets	8	-	865	931	9	-	247	-	86	-	2,146
Total assets											743,714

Notes on the quarterly report - 31 March 2025

	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	348,528	9,864	9,440	8,623	835	5,674	21,685	17,902	71,720	(196,998)	297,273
Deferred tax liabilities	30,941	-	-	-	-	2	-	-	-	272	31,215
Current tax liabilities	1,728	646	-	308	61	338	375	186	84	-	3,726
Total liabilities											332,214
Other segment information
Capital expenditure - PPE	34,837	523	175	23	10	32	90	1,323	-	-	37,013
Capital expenditure - ROU assets (HP)	19,057	-	-	394	-	-	-	-	-	-	19,451
Depreciation on PPE	6,198	96	237	51	20	43	28	266	397	325	7,661
Depreciation on right-of-use assets	13,742	-	487	122	137	-	-	-	-	-	14,488
Amortization of Intangible assets	-	-	-	-	-	-	-	-	83	-	83

Notes on the quarterly report - 31 March 2025 A8. Segmental Information (Cont'd)

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 equipment

The 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 period

There were no material events subsequent to the end of the current quarter.

A11. Changes in the composition of the Group

There were no changes in the composition of the Group during the current financial period.

Notes on the quarterly report - 31 March 2025 A12. Contingent liabilities

The Directors of FMHB are not aware of any material changes in the contingent liabilities since the last financial year save as disclosed below:-

RM'000

Guarantees given to third parties in respect of trade performance of

subsidiaries 7,985

Guarantees given to financial institutions in respect of credit facilities

	granted	194,872
		202,857
A13.	Capital commitments
	Contracted but not provided for :	As at
		31.03.25 RM'000
	Land	60,462
	Buildings	4,815
	Prime movers	3,582
	Warehouse equipment	2,882
	Trucks	1,599
	Trailers	570
	Forklifts	566
	Motor vehicles	303
	Office equipment	143

74,922

Notes on the quarterly report - 31 March 2025 PART B: ADDITIONAL INFORMATION REQUIRED BY THE MAIN MARKET LISTING REQUIREMENTS OF BURSA SECURITIES

B1.	Review of performance
	Service Type	3QFY25	3QFY24	Changes RM mil	% change
	International freight	168.4	144.4	24.0	17%
	Domestic Logistics	57.1	62.3	-5.2	-8%
	TOTAL	225.5	206.7	18.8	9%

The Group's revenue for the current quarter of RM225.5 million was RM18.8 million or 9% higher than 3QFY24 mainly due to increase of business activities in this quarter.

The Group's Profit Before Tax ("PBT") reduced from RM13.4 million to RM11.4 million or 15% lower as compared to 3QFY24 due to higher depreciation and finance costs in this quarter.

B2. Variation of results against preceding quarter

			Changes
Service Type	3QFY25	2QFY25	RM mil	% change
International freight	168.4	182.3	-13.9	-8%
Domestic Logistics	57.1	60.8	-3.7	-6%
TOTAL	225.5	243.1	-17.6	-7%

The Group's revenue for the current quarter of RM225.5 million was RM17.6 million or 7% lower than 2QFY25 mainly due to lower business activities in this quarter.

The Group's PBT for 3QFY25 decreased to RM11.4 million or 15% lower than 2QFY25 mainly due to lower business activities and higher operating costs in this quarter.

Notes on the quarterly report - 31 March 2025 B3. Current year prospects

The Group's performance is expected to remain positive despite the uncertainties in the global trade and economic environment. The Group will continue to focus on expanding its customer base regionally and improving cost management.

B4. Variance of actual and forecast profit

The 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 Preceding

	Current Year Quarter	Year Corresponding Quarter	Current Year To Date	Year Corresponding Quarter
	31.03.2025	31.03.2024	31.03.2025	31.03.2024
	RM'000	RM'000	RM'000	RM'000
In respect of current
period:
Income tax	3,139	3,521	9,805	9,757
Deferred tax	182	30	284	(252)
	3,321	3,551	10,089	9,505
In respect of prior years :
Income tax	314	85	313	85
Deferred tax	(35)	(66)	(35)	(66)
	279	19	278	19
Total	3,600	3,570	10,367	9,524

Notes on the quarterly report - 31 March 2025 B6. Status of corporate proposal announced

There was no corporate proposal announced as at the date of the announcement.

B7. Group borrowings

The Group's borrowings as at the end of the reporting quarter are as follows:

Payable within 12 months (secured)

Term loans

As at 31.03.2025 RM'000 As at 31.03.2024 RM'000

- Ringgit Malaysia	84,861	54,067
- India Dollar (- / INR2.2m)^	-	102
Lease liabilities (Hire-purchase)
- Ringgit Malaysia	12,431	10,844
- Australian Dollar (AUD14k / AUD14k)^	41	42
- Indonesia Rupiah (IDR 1,056m / IDR 176m)^	283	53
- Thai Baht (THB761k / THB402k)^	99	52
- Indian Rupee (- / INR65k)^	-	4
Overdraft
- Ringgit Malaysia	1,849	207
- Indian Rupee (INR17.4m / -)^	904	-
	100,468	65,371

Payable after 12 months (secured)

Term loans

- Ringgit Malaysia 105,679 88,102 Lease liabilities (Hire-purchase)

- Ringgit Malaysia	21,480	19,603
- Australian Dollar (AUD72k / AUD86k)^	200	265
- Indonesia Rupiah (IDR 1,197m / IDR 235m)^	321	70
- Thai Baht (THB2.0m / THB1.7m)^	262	226
	127,942	108,266
Total borrowings	228,410	173,637
^ Exchange rate
- Australian Dollar	2.7911	3.074
- Indonesian Rupiah	0.000268	0.000298
- Thai Baht	13.04	12.98
- Indian Rupee	0.0519	0.0566

Notes on the quarterly report - 31 March 2025 B8. Material Litigation

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. Dividend

The Board of Directors has declared a second interim single tier dividend of 1.0 sen per ordinary share, in respect of the financial year ending 30 June 2025. The dividend will be paid on 26 June 2025 to holders of ordinary shares whose names appear in the Record of Depositors at the close of business on 16 June 2025.

B10. Earnings per share Individual Quarter Cumulative Quarter Preceding Preceding

	Current Year Quarter	Year Corresponding Quarter	Current Year To Date	Year Corresponding Quarter
	31.03.2025	31.03.2024	31.03.2025	31.03.2024
Profit attributable to equity holders of the parent (RM'000)	6,983	9,029	23,048	24,240
Weighted average number of ordinary shares in issue ('000)	558,445	558,445	558,445	558,445
Basic Earnings Per Ordinary Share (sen)	1.25	1.62	4.13	4.34

Notes on the quarterly report - 31 March 2025 B11. Additional Disclosures on Profit for the period

	Current Year Quarter	Preceding Year Quarter	Current Year To Date	Preceding Year To Date
	31.03.25	31.03.24	31.03.25	31.03.24
	RM'000	RM'000	RM'000	RM'000
Profit for the period is arrived at after charging/(crediting) :
Interest income	(222)	(252)	(619)	(851)
Gain on disposal of property, plant and equipment	-	(587)	(406)	(864)
(Gain)/loss on foreign exchange	520	(377)	1,154	427
Depreciation of PPE	2,564	2,724	7,427	7,661
Depreciation of Right-of-use Assets	6,543	4,703	19,716	14,488
Amortization of Intangible asset	-	28	9	83
Loss on Impairment/ write off of receivable	430	296	933	2,384
Interest expense	2,311	1,962	7,071	5,118

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 31 March 2025.

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