Foodie Media's net profit soars in first full year as listed firm
KUALA LUMPUR: Foodie Media Bhd’s net profit surged 67.7 per cent to RM15.67 million in its first full financial year as an ACE Market-listed company.
In its first full financial year as a listed company, Foodie Media Bhd witnessed a remarkable surge in profits. Revenue for the fiscal year ending August 31, 2026, increased by 49.6 percent to RM55.49 million, up from RM37.09 million the previous year. The company's digital content, influencer marketing, and events business contributed to this growth.
The most significant jump in quarterly profits came in Q4, where net profit more than tripled to RM4.55 million, compared to RM433,000 a year earlier. Revenue for that period surged 82.5 percent, reaching a record RM15.82 million, up from RM8.67 million. This growth was primarily driven by Foodie Media's content, creator, and community businesses, boosted by higher demand for sponsored content, KOL marketing campaigns, and events.
The content segment saw a 28.8 percent increase in revenue to RM30.4 million, while the creator segment expanded by 59.8 percent to RM13.6 million. The community segment experienced the most remarkable growth, with revenue expanding more than sevenfold to RM7.1 million, following the inaugural Monie Fest and a broader events calendar. The commerce segment also grew by 10.6 percent to RM4.4 million.
By the end of FY26, the combined contribution of all four business segments had risen to 45.3 percent of total revenue, up from 36.4 percent in the previous year. Foodie Media announced two interim dividends – 0.39 sen per share and 0.61 sen per share – bringing the total dividends for the year to 1.53 sen per share, amounting to about RM13.6 million.
CEO Nicholas Lim Pinn Yang expressed optimism, stating that FY26 marked the company's first full financial year as a listed entity, with record revenue and profit driven by growth across all business pillars. He emphasized that creator, commerce, and community now account for nearly half of the group's revenue, indicating the 4C model's effectiveness. Foodie Media remains confident about its prospects for FY27, anticipating continued growth as advertising shifts from traditional to digital and social platforms.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
