SumiSaujana Group Berhad (“SumiSaujana” or the “Company”) and its subsidiary (“Group”), an established manufacturer of oil and gas (“O&G”) specialty chemicals, today announced its unaudited financial results for the first quarter ended 31 March 2025 (“Q1 FY2025”), marking a solid start to its post-listing trajectory. The Group reported revenue of RM37.8 million for the quarter, representing a 35.4% increase compared with RM27.9 million in the immediate preceding quarter.
The revenue growth was primarily driven by stronger export sales to Thailand and Indonesia, which contributed RM15.8 million and RM7.0 million, respectively. Collectively, these two key markets accounted for over 60% of the Group’s total revenue in the quarter. While the remaining RM15.0 million was derived from markets such as South Korea, Malaysia, United States of America, Saudi Arabia, and others.
Gross profit rose to RM11.5 million, with gross profit margin improving to 30.4% from 27.8% in Q4 FY2024, reflecting better operating leverage and pricing mix. Profit before tax (“PBT”) stood at RM3.4 million, with a PBT margin of 8.9%. The lower PBT compared to RM6.1 million in Q4 FY2024 was attributed to a net foreign exchange loss of RM0.6 million in the current quarter, versus a RM4.5 million net foreign exchange gain in the previous quarter.
On a quarter-on-quarter basis, the Group’s revenue increase of RM9.9 million was underpinned by higher sales volume deliveries across its regional markets. While the favourable revenue and margin performance demonstrated the Group’s operational strength, earnings were partially tempered by foreign exchange volatility. Excluding the impact of foreign exchange movements, the Group maintained stable core profitability, consistent with its expanding footprint and growing customer base.
Encik Norazlam Bin Norbi, Executive Director/ Chief Executive Officer of SumiSaujana, commented, “This quarter marks our first reporting period as a public listed company following our listing on the ACE Market in April 2025 — an important step in our corporate journey. While we recognise that market conditions remain challenging, we are encouraged by the sustained demand from key regional markets such as Thailand and Indonesia in Q1 FY2025. Despite currency headwinds, the improvement in our gross margins highlights the resilience of our operations and the consistent demand for our specialty chemical offerings across drilling, production, and refinery applications.”
Looking ahead, the Group remains cautiously optimistic in the growth prospects in the specialty chemicals industry. Sustained activity across the upstream and downstream O&G segments, driven by strong energy demand and PETRONAS-led developments, such as the development of the Kasawari gas field in Sarawak and the redevelopment of existing fields such as Gumusut-Kakap, Bekok, Tabu, and Seligi, as outlined in the PETRONAS Activity Outlook 2025 – 2027, is expected to support continued demand for the Group’s solutions.
In addition, the licensing and commercialisation agreement signed with the Malaysian Palm Oil Board (“MPOB”) in April 2025 represents a key milestone in the Group’s long-term diversification strategy. Through this collaboration, SumiSaujana will manufacture and market palm-based intermediates, palm-based polyols and bio-based polyester polyols, unlocking opportunities within the fast-growing bio-based industrial chemicals segment.
The Group remains focused on strengthening its position in core and adjacent markets while creating long-term value for stakeholders through innovation, expansion, and sustainable practices.
