Saliran records RM2.6mil profit on RM95mil revenue in Q1
KUALA LUMPUR: Saliran Group Bhd reported a revenue of RM95 million and a net profit of RM2.6 million for the first quarter ended March 31, 2025 (1Q25).
There are no comparative year-on-year figures as Saliran was only listed on the ACE Market of Bursa Malaysia in March this year.
The company said the strong performance was mainly driven by contributions from its core supply and distribution segment, which accounted for RM93.9 million or 98.8 per cent of total revenue.
The balance of RM1.1 million was generated from the manufacturing segment.
Malaysia remained the largest revenue contributor, accounting for RM68.8 million or 72.5 per cent of total sales for the quarter.
Profitability wise, Saliran recorded a pre-tax profit of RM4.4 million.
Excluding one-off listing expenses of RM0.7 million incurred during the quarter, the normalised pre-tax profit would have amounted to RM5.1 million.
Its basic earnings per share stood at 0.69 sen based on the enlarged issued share capital of 382.9 million shares.
On a quarter-on-quarter (QoQ) basis, Saliran's revenue decreased slightly as compared to RM95.6 million in the preceding quarter (4Q24).
Saliran managing director Liaw Choon Wei is pleased with the financial performance in its first reporting quarter as a listed entity.
He said this was a reflection of the resilience of Saliran's business model.
"With the support of our co-owned brand THF, we will continue strengthening our market positioning, improving delivery capabilities, and capturing further growth in high-potential markets like Indonesia.
"Looking ahead, we remain cautiously optimistic.
Saliran is executing its post-initial public offering (IPO) expansion plans, including the establishment of a sales office in Indonesia and the acquisition of new machinery and delivery trucks.
As at March 31, 2025, the company utilised RM5.2 million out of the RM21.7 million raised from its IPO.
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