Latest news with #Orgabio
The Star
22-05-2025
- Business
- The Star
Orgabio optimistic on instant beverage market growth
KUALA LUMPUR: Orgabio Holdings Bhd remains optimistic, supported by the instant beverage market's growth from US$61.64bil in 2023 to US$103.75bil by 2031, at a compound annual growth rate (CAGR) of 6.94%. 'Malaysia's premix market is also expected to grow from US$521.65mil in 2022 to US$835.85mil by 2029 (CAGR: 6.97%). Backed by this positive trajectory, the group will continue to pursue growth opportunities while managing costs prudently and strengthening its competitive positioning,' the instant beverage premix manufacturer said in a statement. In the third quarter ended March 31, Orgabio's net profit halved to RM1.09mil, or earnings per share of 0.44 sen, compared with RM2.12mil, or 0.85 sen, in the year-ago quarter. Revenue, however, climbed to RM28mil against RM22.4mil previously. For the nine months ended March 31, it posted a 9.4% increase in net profit to RM3.4mil, supported by a 44.3% rise in revenue to RM76.8mil. 'We are encouraged by the consistent growth in revenue, particularly from the domestic market. While profitability was impacted by temporary cost pressures and currency volatility, we remain focused on delivering sustainable performance and maintaining operational discipline,' chief executive officer and executive director Ean Yong Hien Voon said. 'With our newly completed factory commencing operations in April 2025, we are well-positioned to ramp up capacity progressively. This facility enhances our ability to serve a broader client base with a more diversified product portfolio and supports our entry into new markets.'
Associated Press
28-02-2025
- Business
- Associated Press
Orgabio Reports Strong Q2 FY2025 Results with 36.2% Revenue Growth to RM25.40 Million
KUALA LUMPUR, MALAYSIA / ACCESS Newswire Orgabio Holdings Berhad ('Orgabio' or the 'Company') a leading instant beverage premix manufacturer in Malaysia, announced a strong financial performance for the second quarter ended 31 December 2024 ('Q2 FY2025"), reflecting sustained business expansion and increasing market demand. The Company recorded revenue of RM25.40 million, a 36.2% year-on-year growth from RM18.66 million in Q2 FY2024, driven by higher demand for its manufacturing services from third-party brand owners. Domestically, revenue surged 75.2% to RM12.49 million, while international sales grew 11.99% to RM12.91 million, underscoring Orgabio's expanding global footprint. Profit Before Tax ('PBT') increased 7.3% to RM1.86 million, while Profit After Tax ('PAT') climbed 30.4% to RM1.27 million, supported by stronger sales volumes and operational efficiencies. On a cumulative basis, Orgabio reported total revenue of RM48.84 million for the first half of the financial year ('1H FY2025"), a significant 58.5% increase from RM30.81 million in the same period last year. PBT for 1H FY2025 increased to RM3.57 million, up 91.9% from RM1.86 million in 1H FY2024, while PAT surged 129.9% to RM2.34 million from RM1.02 million in 1H FY2024, reflecting strong growth momentum. Orgabio Holdings Berhad Yong Hien Voon, Chief Executive Officer and Executive Director of Orgabio Holdings Berhad commented: 'We are pleased with our strong Q2 FY2025 performance, which reflects the trust of our clients and our ability to scale effectively. The sustained demand for our instant beverage solutions, both domestically and internationally, continues to drive our growth. As we expand, we remain committed to supporting our clients' business plans by ensuring a reliable supply of high-quality products while maintaining vigilance over raw material cost fluctuations. Despite fluctuating production costs, we continue to optimise efficiency and profitability.' Mr. Ean Yong added: 'The global instant beverage market is poised for substantial growth, projected to expand from USD 61.64 billion in 2023 to USD 103.75 billion by 2031, at a CAGR of 6.94%. Malaysia's instant beverage premix market is also expected to grow from USD 521.65 million in 2022 to USD 835.85 million by 2029, with a CAGR of 6.97%, driven by increasing demand for convenience, longer shelf life, and consistent taste. With our newly completed factory capable of producing up to 230 million sachets annually, Orgabio is well-positioned to capitalise on these opportunities, diversify its product portfolio, and expand into new markets.' Orgabio remains committed to strengthening its presence in both domestic and international markets by fulfilling secured orders and actively pursuing new business opportunities. With enhanced production capacity and a focus on product innovation, the Company is set to drive sustainable growth and long-term value creation. ABOUT ORGABIO HOLDINGS BERHAD Orgabio Holdings Berhad ('Orgabio' or the 'Company') was founded in 2002 by Dato' Ean Yong Tin Sin as a private label ('OEM' or 'ODM') manufacturer specialising in coffee and food supplement premixes. Over the years, Orgabio has expanded into one of Malaysia's leading instant beverage premix OEM manufacturers, producing over 100 million sachets annually. With 85 employees, the Company remains committed to its 'customer first' principle, delivering high-quality, customised beverage solutions while continuously innovating to support its clients' growth in both domestic and international markets. Issued By: Swan Consultancy Sdn. Bhd. on behalf of Orgabio Holdings Berhad William Yeo
