Poh Kong FY26 net profit jumps 60pct to RM193.37mil
KUALA LUMPUR: Poh Kong Holdings Bhd’s net profit rose 59.7 per cent to RM193.37 million for the financial year ended July 31, 2026 (FY26), from RM121.10 million a year earlier.
KUALA LUMPUR: Poh Kong Holdings Bhd reported a significant surge in net profit for the financial year ending July 31, 2026, with profits jumping 59.7 per cent to RM193.37 million, up from RM121.10 million the previous year. Revenue also grew to RM1.93 billion from RM1.69 billion. The Q4 report showed a net profit of RM36.20 million, up from RM22.68 million a year ago, alongside a revenue increase to RM378.36 million from RM365.50 million.
The rise in revenue was primarily attributed to the surge in gold prices during the quarter. The company highlighted that Malaysia's economy is well-positioned despite global challenges, including geopolitical tensions, softer external demand, inflation, and currency fluctuations. It expects strong central bank buying, consumer spending, and safe-haven inflows to maintain demand for jewellery and gold investment products.
The group will continue to monitor the impact of uncertainties and evaluate its performance. Poh Kong has recommended a final dividend of 5.00 sen per ordinary share for FY26, up from 3.00 sen per share in FY25, subject to shareholder approval at the upcoming annual general meeting.
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