Saliran Group Berhad (“Saliran” or the “Company”), an established supplier and distributor of pipes, fittings and flanges as well as related parts and accessories, and steel products, today announced its inaugural quarterly financial results following its listing on the ACE Market of Bursa Malaysia Securities Berhad on 13 March 2025. For the first quarter ended 31 March 2025 (“Q1 FY2025”), Saliran reported a revenue of RM95.0 million and a net profit of RM2.6 million.
The Group’s strong performance was mainly driven by contributions from its core supply and distribution segment, which accounted for RM93.9 million or 98.8% of total revenue. The balance of RM1.1 million was generated from the manufacturing segment. Malaysia remained the largest revenue contributor, accounting for RM68.8 million or 72.5% of total sales for the quarter.
Profitability wise, Saliran recorded a Profit Before Tax (“PBT”) of RM4.4 million. Excluding one-off listing expenses of RM0.7 million incurred during the quarter, the normalised PBT would have amounted to RM5.1 million. Profit After Tax (“PAT”) stood at RM2.6 million, with basic Earnings Per Share (“EPS”) at 0.69 sen based on the enlarged issued share capital of 382.9 million shares.
On a quarter-on-quarter (“QoQ”) basis, revenue decreased slightly as compared to RM95.6 million in the preceding quarter ended 31 December 2024 (“Q4 FY2024”). PAT declined from RM3.7 million in Q4 FY2024 to RM2.6 million in Q1 FY2025, primarily due to the one-off listing expenses amounting to RM0.7 million incurred during the quarter.
Mr. Liaw Choon Wei, Managing Director of Saliran Group Berhad said, “We are pleased to deliver solid financial performance in our first reporting quarter as a listed entity. This is a reflection of the resilience of our business model and the continued trust from our customers across Malaysia and the region. With the support of our co-owned brand THF, we will continue strengthening our market positioning, improving delivery capabilities, and capturing further growth in high-potential markets like Indonesia. Looking ahead, we remain cautiously optimistic. Whilst global macroeconomic uncertainties and foreign exchange fluctuations continue to persist, we stay focused on maintaining disciplined cost management, expanding our delivery fleet, and enhancing our operational efficiencies to support long-term, sustainable growth.”
Saliran is currently executing its post-Initial Public Offering (“IPO”) expansion plans, including the establishment of a sales office in Indonesia and the purchase of new machinery and delivery trucks. As at 31 March 2025, the Group has utilised RM5.2 million out of the RM21.7 million raised from its IPO.
There are no comparative year-on-year figures as Saliran was only listed on the ACE Market of Bursa Malaysia in March 2025.
