SSF Home's Q4 net profit falls 5pct on margin pressure
KUALA LUMPUR: SSF Home Group Bhd posted a five per cent drop in net profit to RM5.8 million for the fourth quarter ended April 30, 2025, from RM6.2 million a year earlier, dragged by a lower gross profit margin.
Quarterly revenue edged up 0.7 per cent to RM50.9 million, supported by sales from newly opened outlets.
For the full year, net profit fell 17.8 per cent to RM5.9 million from RM7.2 million, as revenue slipped four per cent to RM152.5 million from RM158.9 million due to weaker overall sales.
The company expects rising production and logistics costs from the expanded Sales and Service Tax, inflationary pressures, and slower global growth amid geopolitical tensions and trade negotiations with the United States.
However, it expressed confidence in adapting through strategic pricing, improved cost efficiency, and strong supply chain partnerships.
"The group remains committed to strengthening its retail positioning through value-for-money offerings, strategic pricing, and product innovation that align with evolving consumer preferences.
"In line with our rebranding efforts, SSF Home is focused on delivering affordable and practical home living solutions, supported by refreshed store formats and enhanced customer experience," it said in a bourse filing.
Executive director Lok Kok Khong said the group remained focused on executing its strategic plans despite a tough operating landscape.
"This includes expanding into major urban areas, enhancing the retail experience, and staying in tune with shifting consumer preferences," he said.
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