Tomei strikes gold as Q2 earnings jump 26pct on robust margins
Revenue climbed 16 per cent to RM310.81 million compared with RM266.91 million previously, driven by a 14 per cent jump in retail sales to RM245.47 million and an eight per cent rise in manufacturing and wholesale revenue to RM67.06 million.
Pre-tax profit expanded 28.9 per cent to RM36.82 million from RM28.56 million last year. The retail segment contributed the bulk, with a pre-tax profit of RM31.85 million, while manufacturing and wholesale delivered RM4.97 million.
For the first half of 2025, net profit surged 29.80 per cent to RM52.98 million against RM40.82 million a year ago, while revenue grew 11.73 per cent to RM658.82 million from RM589.66 million.
Group managing director Datuk Ng Yih Pyng said the improved results reflected the resilience of the group's business model and agility in responding to market conditions, allowing it to capture opportunities in a favourable gold price environment.
"The operating environment remains challenging, with geopolitical tension, rising operational costs, and the expanded Sales and Service Tax expected to impact sentiments and cost structures," he said in a statement.
"We will continue to monitor developments closely and take proactive measures to sustain profitability, focusing on operational efficiency, prudent cost management and agility in responding to market changes."
Looking ahead, Ng said the company remains committed to strengthening its market position by optimising its product mix, leveraging brand trust and delivering sustainable value to shareholders.
As at June 30, 2025, Tomei's cash and bank balances stood at RM30.26 million, compared with RM36.39 million at end-2024. Total borrowings amounted to RM294.26 million, while net gearing inched up to 0.52 times from 0.50 times a year earlier.
The jeweller paid a final single-tier dividend of 2.5 sen per share amounting to RM3.47 million on June 13 in respect of the financial year ended Dec 31, 2024. No interim dividend was declared for the current quarter.
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New Straits Times
5 hours ago
- New Straits Times
Tomei strikes gold as Q2 earnings jump 26pct on robust margins
KUALA LUMPUR: Tomei Consolidated Bhd's net profit rose 26.5 per cent to RM25.15 million in the second quarter ended June 30, 2025, from RM19.88 million a year earlier, lifted by higher retail gold prices and stronger margins across both its business segments. Revenue climbed 16 per cent to RM310.81 million compared with RM266.91 million previously, driven by a 14 per cent jump in retail sales to RM245.47 million and an eight per cent rise in manufacturing and wholesale revenue to RM67.06 million. Pre-tax profit expanded 28.9 per cent to RM36.82 million from RM28.56 million last year. The retail segment contributed the bulk, with a pre-tax profit of RM31.85 million, while manufacturing and wholesale delivered RM4.97 million. For the first half of 2025, net profit surged 29.80 per cent to RM52.98 million against RM40.82 million a year ago, while revenue grew 11.73 per cent to RM658.82 million from RM589.66 million. Group managing director Datuk Ng Yih Pyng said the improved results reflected the resilience of the group's business model and agility in responding to market conditions, allowing it to capture opportunities in a favourable gold price environment. "The operating environment remains challenging, with geopolitical tension, rising operational costs, and the expanded Sales and Service Tax expected to impact sentiments and cost structures," he said in a statement. "We will continue to monitor developments closely and take proactive measures to sustain profitability, focusing on operational efficiency, prudent cost management and agility in responding to market changes." Looking ahead, Ng said the company remains committed to strengthening its market position by optimising its product mix, leveraging brand trust and delivering sustainable value to shareholders. As at June 30, 2025, Tomei's cash and bank balances stood at RM30.26 million, compared with RM36.39 million at end-2024. Total borrowings amounted to RM294.26 million, while net gearing inched up to 0.52 times from 0.50 times a year earlier. The jeweller paid a final single-tier dividend of 2.5 sen per share amounting to RM3.47 million on June 13 in respect of the financial year ended Dec 31, 2024. No interim dividend was declared for the current quarter.
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