30-05-2025
- Automotive
- New Straits Times
MSB Global posts RM1.51mil net profit, RM13.83mil revenue in Q1
KUALA LUMPUR: MSB Global Group Bhd's reported a net profit of RM1.51 million in the first quarter (Q1) ended March 31, 2025, marking a start in its first reporting period as a listed company.
For the quarter under review, the company recorded RM13.83 million revenue and pre-tax profit of RM1.95 million.
The company's earnings per share stood at 32 sen, based on the pre-listing share base of 477.00 million shares.
In a statement, MSB Global said its revenue continued to be supported by its core business activities in the marketing, trading, and distribution of aftermarket automotive parts and components, which contributed RM9.57 million or 69.20 per cent of the total revenue.
Meanwhile, it said the sale of automotive lubricants and fluids accounted for RM4.21 million or 30.45 per cent of total revenue.
Export sales, primarily to Singapore, amounted to RM900,000, with the remaining contribution generated from domestic operations, it said.
Managing director Datuk Ow Kee Foo said this quarter marks its first financial milestone as a listed entity, and the company is pleased to have maintained profitability while navigating a softer sales cycle.
"Our consistent performance reaffirms the strength of our business model, built on trusted brand partnerships, operational discipline, and the growing demand for reliable aftermarket solutions," said Ow.
MSB Global said as Malaysia's automotive aftermarket continues to expand, driven by a growing vehicle population and a rising demand for quality maintenance products, the company is confident in its ability to capture a larger share of the market.
Backed by its exclusive distribution of the GSP brand and a growing portfolio of proprietary brands, the company remains committed to delivering long-term value for shareholders while scaling its presence across the nation and region, it added.
