HSS Holdings hit by listing costs, weaker revenue

HSS Holdings Bhd reported a loss of RM2.54 million in the second quarter ended June 30, 2026, primarily due to reduced revenue during the off-peak period and the inclusion of RM2.9 million in one-off expenses from its June listing on the ACE Market. Excluding these one-time listing costs, the company would have had an adjusted pre-tax profit of RM0.5 million for the quarter.

For the six-month period, HSS Holdings generated a net profit of RM1.56 million, with revenue reaching RM73.83 million. The interim financial report, as required by the company's listing, does not provide comparable figures for the previous period or the year-to-date.

Managing Director Goh Chen Chang stated that the company is now concentrating on implementing the growth strategies outlined in its prospectus. A portion of the IPO proceeds will be invested in enhancing manufacturing capabilities, such as constructing a new biscuit production line, upgrading the existing cookies production line, automating specific production processes, and introducing an automated cake production line.

These investments aim to expand production capacity, boost operational efficiency, and diversify product offerings.

Goh expressed optimism about the outlook for Malaysia's bakery products market.