Latest news with #LifeWaterBhd
The Sun
29-05-2025
- Business
- The Sun
Life Water diversifies beyond beverages with acquisition of sauce and condiment maker Twinine
PETALING JAYA: Life Water Bhd, a Sabah-based beverage manufacturer, has signed an agreement to acquire 100% equity interest in Twinine Sdn Bhd, a well-established sauce and condiment manufacturer, for RM10.5 million. The acquisition marks Life Water's first major diversification beyond beverages, strengthening its footprint in the broader fast-moving consumer goods (FMCG) sector. Founded over 35 years ago, Twinine has established a strong presence on the west coast of Sabah, part of Sarawak and in Brunei, with a consistent financial track record. The company recorded revenues of RM8.6 million in both FY22 and FY23, as well as an unaudited revenue of RM8.5 million in FY24, alongside a three-year average net profit of RM910,000. The strategic move enables Life Water to leverage its existing logistics and distribution network, thereby accelerating market penetration for Twinine's products. 'This acquisition is a natural extension of our FMCG portfolio. With overlapping distribution touchpoints and similar consumer demographics, we see significant cross-selling opportunities and operating synergies. More importantly, our network gives us the ability to broaden Twinine's reach across Sabah, especially into the east coast region, further strengthening its market presence,' Life Water managing director Liaw Hen Kong said in a statement. Growth plans include introducing two production shifts at Twinine's facility to boost output in line with demand, as well as exploring a new manufacturing site at Kota Kinabalu Industrial Park to support long-term expansion in East Malaysia. Twinine's founder will remain with the company for a two-year transition period to ensure continuity and provide guidance on growth strategies, including the development of the new facility. The acquisition is expected to contribute positively to Life Water's earnings. The acquisition coincides with the release of Life Water's third-quarter ended March 31, 2025 (Q3'25), in which it reported a net profit of RM6.48 million. The group recorded RM43.12 million in revenue, a 0.95% increase from the preceding quarter, supported by seasonal demand for carbonated and fruit drinks. The drinking water segment remained the largest contributor, accounting for 82.6% of total revenue. Life Water posted a gross profit of RM19.52 million, with a margin of 45.3%, while profit before tax stood at RM8.11 million, reflecting a margin of 18.8%. While margins moderated quarter-on-quarter due to the implementation of the minimum wage policy and temporary operational inefficiencies from expansion initiatives, the group remains confident in its long-term earnings resilience. For the nine months, Life Water reported revenue of RM128.42 million and a net profit of RM20.97 million, translating to a 16.3% margin. The group's new Keningau plant commenced operations in early 2025, adding 59 million litres of annual production capacity and bringing total drinking water capacity to 448 million litres per annum. The Sandakan Sibuga Plant 1 is commissioning a new manufacturing line, expected to begin operations in the second half of 2025, which will add 178 million litres of capacity and increase total annual production to 626 million litres, representing a 40% increase. Life Water continues to pursue a two-pronged strategy of organic expansion and strategic diversification. With the Twinine acquisition, Life Water is now well positioned to capture synergies across multiple FMCG segments, while reinforcing its core strength in beverage manufacturing. As Sabah's consumer landscape continues to evolve, Life Water remains optimistic about its growth trajectory in the current financial year and beyond.
New Straits Times
29-05-2025
- Business
- New Straits Times
Life Water buys Sabah's Twinine for RM10.5mil in FMCG expansion
KUALA LUMPUR: Beverage manufacturer Life Water Bhd is acquiring Sabah-based sauces and condiments maker Twinnie Sdn Bhd for RM10.5 million, as it seeks to expand its portfolio in the fast-moving consumer goods (FMCG) sector. The group has entered into a share sale agreement to acquire 100 per cent equity interest in Twinine via cash. This marks its first major diversification beyond beverages and is expected to contribute positively to group earnings. Founded over 35 years ago, Twinine has a strong presence in the West Coast of Sabah, parts of Sarawak, and Brunei. It recorded audited revenue of RM8.6 million in 2022 and 2023, and unaudited revenue of RM8.5 million for 2024, with a three-year average profit after tax of RM910,000. Managing director Liaw Hen Kong said that with overlapping distribution touchpoints and similar consumer demographics, the group sees significant cross-selling opportunities and operational synergies. "This acquisition is a natural extension of our FMCG portfolio. Our network gives us the ability to broaden Twinine's reach across Sabah, especially into the East Coast region, further strengthening its market presence," he said in a statement. Life Water plans to introduce two production shifts at Twinine's facility to boost output in line with demand, and is exploring a new manufacturing site at Kota Kinabalu Industrial Park to support long-term expansion. Twinine's founder will remain with the company for a two-year transition period. For the third quarter ended March 31, 2025, Life Water recorded a net profit of RM6.48 million on revenue of RM43.12 million. Cumulatively, the group posted RM20.97 million in net profit and RM128.42 million in revenue for the nine-month period. There were no year-on-year comparisons provided, as this is the group's third interim financial report following its listing on the Main Market of Bursa Malaysia. Life Water said its production capacity expanded in early 2025 with the commissioning of its new Keningau plant, adding 59 million litres to its annual output. This brought total drinking water capacity to 448 million litres per year. Another facility, the Sandakan Sibuga Plant 1, is expected to add 178 million litres by end-2025, raising capacity to 626 million litres — a 40 per cent increase. The group said it remains optimistic about its growth prospects in the current financial year and beyond, as it continues to pursue both organic expansion and strategic diversification.
The Sun
07-05-2025
- Business
- The Sun
Life Water plans smart manufacturing line in Sandakan
SANDAKAN: Life Water Bhd, a homegrown bottled water manufacturer, is currently in the midst of setting up an additional drinking water manufacturing line at its existing Sandakan Sibuga Plant 1. This development forms part of the company's expansion strategy outlined in its Initial Public Offering (IPO) prospectus. The new manufacturing line is expected to be operational in the second half of 2025 and will boost the company's annual drinking water production capacity by an additional 178 million litres. With the recent commencement of its Keningau Plant, Life Water's current annual drinking water production capacity stands at 448 million litres. Upon completion of the new line at Sandakan Sibuga Plant 1, the group's total capacity will increase to 626 million litres per annum. The capital expenditure for this project is approximately RM19.0 million. 'The upcoming line not only supports our growth plans but is also designed with sustainability and efficiency at its core,' Life Water managing director Liaw Hen Kong said. 'It underscores our commitment to adopting Industry 4.0 practices, while continuing to deliver quality drinking water to more Malaysians. 'In line with Industry 4.0 practices, the new manufacturing line will be equipped with automated systems to enhance operational efficiency. 'With smart control systems and energy-efficient technology in place, the company anticipates substantial utility savings – estimated at 29,700 tonnes of water and 215,424 kWh of energy per year. 'The new line will also support our bottle light-weighting efforts, allowing the company to reduce plastic usage and lower overall carbon emissions throughout the production and distribution process,' Liaw said. 'These improvements are part of our broader strategy to scale up responsibly and contribute to a low-carbon, resource-efficient future.' This expansion marks another important step in Life Water's journey to scale up its operations responsibly and sustainably, in line with growing consumer demand and the company's long-term vision.
Daily Express
07-05-2025
- Business
- Daily Express
Life Water to increase output to 178 million litres
Published on: Wednesday, May 07, 2025 Published on: Wed, May 07, 2025 Text Size: The Sabah-based beverage manufacturer, which debuted on the Main Market of Bursa Malaysia on Nov 13, 2024, said the new line is slated to begin operations in the second half of 2025. Kuala Lumpur: Life Water Bhd is building a new drinking water manufacturing line at its Sandakan Sibuga Plant 1, as part of its expansion plan outlined in its initial public offering prospectus. The Sabah-based beverage manufacturer, which debuted on the Main Market of Bursa Malaysia on Nov 13, 2024, said the new line is slated to begin operations in the second half of 2025. Once completed, the additional line will increase the company's annual production capacity by 178 million litres. Life Water's current annual drinking water production capacity stands at 448 million litres with the recent commencement of its Keningau Plant. Upon completion of the new line, the group's total capacity will increase to 626 million litres per annum. The company said the capital expenditure for this project is approximately RM19 million. Life Water managing director Liaw Hen Kong said the upcoming line is also designed with sustainability and efficiency at its core. 'In line with Industry 4.0 practices, the new manufacturing line will be equipped with automated systems to enhance operational efficiency. 'With smart control systems and energy-efficient technology in place, the company anticipates substantial utility savings — estimated at 29,700 tonnes of water and 215,424 kWh of energy per year,' said Liaw. He added the new line will also support the company's bottle light-weighting efforts, helping to reduce plastic usage and lower overall carbon emissions throughout the production and distribution process. 'These improvements are part of our broader strategy to scale up responsibly and contribute to a low carbon, resource-efficient future,' said Liaw. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
The Star
06-05-2025
- Business
- The Star
Life Water to boost annual capacity with new RM19mil line at Sandakan plant
KUALA LUMPUR: Homegrown bottled water manufacturer, Life Water Bhd is setting up an additional drinking water manufacturing line at its existing Sandakan Sibuga Plant 1. In a statement, Life Water said the development forms part of the company's expansion strategy outlined in its initial public offering (IPO) prospectus. The new manufacturing line is set to begin operations in the second half of 2025 and will increase the company's annual drinking water production capacity by an additional 178 million litres. Life Water's current annual drinking water production capacity stands at 448 million litres, following the recent commencement of its Keningau Plant. Upon completion of the new line at Sandakan Sibuga Plant 1, the group's total capacity will increase to 626 million litres per annum. Life Water said the capital expenditure for this project is approximately RM19mil. Managing director Liaw Hen Kong said the upcoming line not only supports the company's growth plans but is also designed with sustainability and efficiency at its core. He highlighted that it underscores the company's commitment to adopting Industry 4.0 practices, while continuing to deliver quality drinking water to more Malaysians. 'In line with Industry 4.0 practices, the new manufacturing line will be equipped with automated systems to enhance operational efficiency. With smart control systems and energy-efficient technology in place, the company anticipates substantial utility savings — estimated at 29,700 tonnes of water and 215,424 kWh of energy per year.' 'The new line will also support our bottle light-weighting efforts, allowing us to reduce plastic usage and lower overall carbon emissions throughout the production and distribution process. These improvements are part of our broader strategy to scale up responsibly and contribute to a low-carbon, resource-efficient future,' he said.
