EPB Group Berhad (“EPB”), and its group of companies (the “Group”), an established one-stop food processing and packaging machinery solutions provider, today announced its unaudited financial results for the first quarter ended 31 March 2025 (“Q1 FY2025”), delivering a strong start to the financial year with a 50.7% year-on-year increase in revenue, driven by healthy domestic demand and expanding regional market presence.
The Group recorded revenue of RM27.25 million in Q1 FY2025, as compared to RM18.09 million in the same quarter last year (“Q1 FY2024”). The substantial increase was primarily attributed to stronger sales in the provision of food processing and packaging machinery solutions business segment, which rose from RM13.06 million to RM22.29 million or 70.7%, supported by higher delivery volumes to customers in Malaysia and rising orders from the Philippines.
Gross profit for the quarter increased by 54.8% year-on-year from RM5.81 million to RM8.99 million. Profit before tax (“PBT”) nearly doubled to RM3.61 million from RM1.83 million, while profit after tax (“PAT”) rose by 104.4% to RM2.63 million compared to RM1.29 million in Q1 FY2024. The aforementioned increases were, however, partially offset by the overall increase in selling and distribution expenses as well as administrative and other expenses.
On a quarter-on-quarter basis, revenue softened slightly by 2.1% against RM27.83 million recorded in Q4 FY2024, primarily due to lower contributions from the trading of cellulose casings business segment and manufacturing and trading of flexible packaging materials business segment. Nonetheless, the provision of food processing and packaging machinery solutions business segment continued to post quarter-on-quarter growth, underpinned by stable project deliveries. PAT for Q1 FY2025 registered at RM2.63 million, easing 5.7% from RM2.79 million in the preceding quarter, in tandem with the slight change in revenue mix and a marginal dip in gross profit margin.
Despite heightened global economic headwinds and ongoing geopolitical tensions, EPB remains cautiously optimistic on its business outlook. As at 30 April 2025, the Group’s order book stood at RM90.69 million, with RM76.54 million attributable to its core food processing and packaging machinery segment. Of this, approximately RM20.78 million is expected to be recognised in the first half, with the remaining RM69.91 million slated for fulfilment in the second half of the financial year ending 31 December 2025 (“FY2025”).
Mr. Yeoh Chee Min, Managing Director of EPB Group Berhad, commented, “We are pleased with our first-quarter performance, which reflects both the strength of our order pipeline and our ability to deliver on schedule. With a strong order book and disciplined execution, we are well-positioned to navigate market uncertainties and drive sustainable growth in the year ahead. We remain focused on delivering high-value solutions for our clients while strengthening our presence in key ASEAN markets.”
The Group also continues to make headway in executing its post-listing plans. As at 31 March 2025, EPB had utilised RM26.81 million out of its RM40.08 million IPO proceeds. These funds have been primarily channelled towards its factory expansion, the repayment of bank borrowings, and working capital needs. The balance will be directed toward the construction of a new manufacturing facility in Penang and the acquisition of advanced machinery to support the Group’s increasing robotics integration and capacity requirements.
Barring unforeseen circumstances, the Group is confident in sustaining its momentum through FY2025, backed by its healthy order book, expanding market footprint, and strategic investments in automation and production capabilities.
