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Companies

Fiamma Holdings lifts 2Q profit 15.9% as revenue jumps 41.5%

Fiamma Holdings Bhd’s net profit rose 15.9% year-on-year to RM16.17 million for the second quarter ended June 30, 2026, while revenue surged 41.5% to RM117.25 million.

Source: EdgeProp Malaysia · August 24, 2026 at 10:01 PM · AI-assisted report

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Fiamma Holdings lifts 2Q profit 15.9% as revenue jumps 41.5%
Image: edgeprop.my

KUALA LUMPUR, 25 AUGUST 2026 —

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Fiamma Holdings Bhd’s net profit rose 15.9% year-on-year to RM16.17 million for the second quarter ended June 30, 2026, while revenue surged 41.5% to RM117.25 million.

Market Impact

The home appliances and property group reported net profit of RM13.95 million on revenue of RM82.85 million in the same quarter last year, according to its Bursa Malaysia filing on Aug 24. Earnings per share climbed to 3.05 sen from 2.63 sen.

Quarterly profit before tax rose 18.2% to RM19.81 million from RM16.76 million, and gross profit increased 38.3% to RM35.22 million from RM25.46 million. Compared with the preceding quarter, revenue grew 12.4% from RM104.36 million, while profit before tax jumped 47.7% from RM13.41 million. Fiamma said the rise in profit before tax was mainly driven by a RM4.42 million gain on the dilution of its equity interest in a subsidiary.

For the first half of FY2026, Fiamma’s net profit fell 46.3% to RM26.93 million from RM50.14 million a year earlier, even as revenue climbed 22.2% to RM221.61 million from RM181.36 million. Profit before tax declined 42.7% to RM33.22 million from RM57.94 million.

The weaker year-on-year comparison reflected the investment holding and property investment segment, whose profit before tax fell to RM10.87 million from RM40.72 million. The prior-year period included a one-off gain of RM27.65 million from the dilution of Fiamma’s equity interests in Aricia Sdn Bhd and Dawn Land Sdn Bhd.

After adjusting for one-off items, normalised first-half profit before tax rose 9.7% to RM29.3 million.

Trading and services remained Fiamma’s largest business, contributing RM175.18 million, or 79.1% of group revenue, in the first half. Segment revenue rose 13.5% year-on-year from RM154.34 million, while profit before tax increased to RM22.74 million from RM21.35 million.

In the second quarter, trading and services revenue grew 15.5% year-on-year to RM88.2 million, the group said. Fiamma said it continued to expand into categories such as smart and energy-efficient appliances, cleaning solutions, air-conditioning and healthcare devices.

Meanwhile, the property development segment’s revenue jumped 77.8% to RM43.70 million in the first half from RM24.58 million a year earlier, while its loss before tax narrowed to RM390,000 from RM5.47 million. The higher revenue was driven by recognition from its mixed development project in Johor Bahru.

Looking ahead, Fiamma said the Johor Bahru mixed development is expected to keep contributing to revenue, while projects undertaken by its associates in Kuala Lumpur should support overall profitability. The group also expects resilient demand for home appliances, backed by its market position, diversified product portfolio and expansion into higher-growth categories, though it acknowledged challenges from a mature market and intense competition.

Group CEO Jimmy Tan Chee Wee said the second quarter showed “improving momentum” across the group’s businesses, with trading and services providing a stable operating base. He said Fiamma would focus on sustainable growth, strengthening operating businesses and improving execution to build a more resilient long-term earnings base.

Related: Bursa Malaysia · Kuala Lumpur

Reporting based on EdgeProp Malaysia. Figures and claims are subject to revision as the story develops. DomainFork publishes editorial context, not investment advice — see our editorial standards.