17 hours ago
SSF Home reports RM5.9mil net profit in FY25
KUALA LUMPUR: SSF Home Group Bhd remains confident in its ability to navigate external challenges, including inflationary pressures, higher production and logistics costs from the expanded sales and service tax (SST), and ongoing global uncertainties.
The furniture retailer said it will continue to adapt through strategic pricing, cost efficiencies, and resilient supply chain partnerships, while reinforcing its position in Malaysia's home and living retail segment.
SSF Home said it will continue to strengthen its retail positioning through value-for-money offerings, strategic pricing, and product innovation that align with evolving consumer preferences.
'Recent store openings, including our Glenmarie flagship, reflect our continued expansion into key urban centres with right-sized outlets to improve accessibility and operational efficiency,' it said in a filing with Bursa Malaysia.
In the fourth quarter ended April 30, SSF's net profit declined 5.3% to RM5.9mil, or 0.73 sen per share, bringing its full-year profit to RM5.9mil, or 0.74 sen per share.
Quarterly revenue came in at RM50.9mil, pushing full-year ending April 30 (FY25) revenue to RM152.5mil.
Executive director Lok Kok Khong said FY25 had been a year of resilience and recalibration for SSF.
'While the operating environment presented challenges, we continued executing our strategic plans, expanding into key urban centres, uplifting the retail experience, and aligning closely with evolving consumer behaviours.
'Our performance underscores the strength of our value-based positioning and our growing brand relevance in Malaysia's home living segment,' Loh said in a statement.
Throughout FY25, SSF expanded its store network to more than 40 outlets nationwide, including the launch of its Glenmarie flagship SSFHOME Garden outlet, which reflects its vision to transform the home retailing experience through immersive, lifestyle-driven formats.
