08-05-2025
- Business
- New Straits Times
Cuckoo Malaysia amends IPO prospectus, reports RM1bil revenue in FY24
KUALA LUMPUR: Cuckoo International (MAL) Bhd has issued a supplementary prospectus that includes amendments to its principal prospectus.
The amendments came following the company's rescheduling of its initial public offering (IPO).
In its supplementary prospectus, Cuckoo Malaysia reported a revenue of RM1.24 billion for the financial year ended Dec 31, 2024 (FY24), sustaining its RM1 billion-plus revenue track record, ahead of its scheduled listing on the Main Market of Bursa Malaysia on June 24, 2025.
The 11 per cent revenue growth was driven by strong performances from Cuckoo Co-Created products, which surged 62.6 per cent to RM250.3 million, and Cuckoo-branded products, which rose three per cent to RM983.2 million.
The company's pre-tax profit rose 23.2 per cent year-on-year (YoY) supported by higher gross profits and lower finance costs.
Non-independent executive director and chief executive officer Hoe Kian Choon anticipates positive and promising long-term prospects ahead for Cuckoo.
"We are pleased to deliver a strong financial performance, highlighting our ongoing commitments in expanding the company's market presence by leveraging Cucckoo Malaysia's effective business model, omni-channel distribution network and ever-expanding wellness ecosystem.
"We are committed to maintaining this momentum across all our business segments by increasing product SKUs and home care service offerings, while strengthening our distribution channel across Malaysia and Singapore," he said in a statement.
