Betamek Berhad (“Betamek” or the “Company“), an Original Design Manufacturer (“ODM“) and a leading player in electronics manufacturing services (“EMS”) for the automotive industry, today announced a resilient performance for the financial year ended 31 March 2025 (“FY2025”), with Profit Before Tax (“PBT”) rising 21.1% to RM32.0 million from RM26.4 million a year ago.
Revenue for FY2025 grew 7.3% to RM238.3 million from RM222.0 million in financial year ended 31 March 2024 (“FY2024”), driven by strong automotive demand and maiden contributions from non-automotive electronics following the acquisition of Sanshin (Malaysia) Sdn. Bhd. (“SMSB”). The growth in FY2025 was bolstered by a one-off gain of RM6.32 million from the consolidation of SMSB.
In FY2025, the vehicle audio and visual (“AV”) segment remained the core contributor with RM170.2 million in revenue, or 71.4% of total sales. The vehicle accessories segment added RM51.3 million, while non-automotive electronics and industrial instruments contributed RM16.8 million, reflecting progress in Betamek’s diversification push.
For the fourth quarter ended 31 March 2025 (“4Q FY2025”), revenue rose 6.7% year-on-year to RM59.7 million, while PBT jumped 29.8% to RM7.3 million from RM5.6 million in preceding year’s corresponding quarter (“Q4 FY2024”), supported by operational enhancements at SMSB and prudent foreign exchange hedging.
In conjunction with the encouraging financial performance, the Board has declared a fourth interim dividend of 1.0 sen per share, bringing total dividends for FY2025 to 4.25 sen per share. This represents an estimated dividend yield of 10.8%, underscoring the Group’s ongoing commitment to delivering value to shareholders. The Group’s financial position remains strong with net assets of RM0.33 per share and RM59.4 million in cash reserves as at 31 March 2025.
Encik Muhammad Fauzi Bin Abd Ghani, Executive Director of Betamek commented, “FY2025 was a transformative year for Betamek, with meaningful progress in our diversification strategy and regional outreach. The integration of SMSB and our joint venture with Shenzhen Zhonghong Technology Co., Ltd. lay the foundation for long-term growth. “We remain focused on sustaining our momentum through product innovation and operational excellence, while staying committed to increasing value for our shareholders in recognition of their continued trust and support.”
Malaysia’s Total Industry Volume (TIV) for 2024 reached a record 816,747 units, driven by sustained demand for affordable vehicles, particularly from Perodua, Betamek’s key customer. As of March 2025, Perodua retained a commanding 45.2% market share with 85,091 units sold and an estimated 80,000-unit backlog. Concurrently, EV sales in Malaysia surged by 63.8% year-on-year to 21,789 units, supported by favourable policies and infrastructure rollouts.
Looking into Financial Year ended 31 March 2026 (“FY2026”), Betamek aims to further expand its product range, particularly in Advanced Driver Assistance Systems (“ADAS”) and smart cockpit solutions, leveraging its R&D partnerships and the newly acquired SMSB capabilities. The Group is also exploring opportunities in next-generation infotainment systems, including its collaboration with the Institute of Technology Petronas on the SafeSync360 platform.
Separately, the Board also announced the proposed establishment of a Long-Term Incentive Plan, comprising an Employees’ Share Option Scheme (ESOS) and a Share Grant Plan. The proposed plan is aimed at aligning the interests of eligible employees and Directors with long-term shareholder value, while strengthening talent retention and motivation across the Group as it enters its next phase of regional and technological growth.
As at 5:00 P.M. 28 May 2025, the share price of Betamek Berhad closed RM 0.395 sen, representing a market capitalisation of RM177.8 million.
