News

PRESS STATEMENT/ SIARAN AKHBAR
(FOR IMMEDIATE RELEASE)

Monday, 25 August 2025

SORENTO CAPITAL ACHIEVES RECORD-HIGH FY25 REVENUE OF RM179.2 MILLION AND NET PROFIT OF RM26.2 MILLION

Klang, 25 August 2025 – Bathroom and kitchen sanitary ware solution provider (厨 卫洁具经销商), Sorento Capital Berhad (“Sorento Capital” or the “Company”), has today announced its fourth quarter (“4QFY25”) and full-year financial results for the year ended 30 June 2025 (“FY25”). There are no comparative figures for the preceding year’s corresponding quarter as this is the fourth interim financial report being announced in compliance with the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad.

For FY25, Sorento Capital’s revenue grew by 18.3% to RM179.2 million from RM151.5 million in the previous financial year (“FY24”), supported by stronger contributions from the dealer sales channel and project-based sales.

The dealer sales channel remained the largest contributor, accounting for 65.9% of total revenue, and grew 20.8% year-on-year (“YoY”) to RM118.1 million, from RM97.8 million in FY24. Project-based sales contributed 33.3% of total revenue, increasing 12.2% YoY to RM59.6 million compared to RM53.1 million in FY24. The remaining contribution came from online channels, which more than doubled to RM1.5 million, up from RM0.6 million a year ago.

In tandem with the revenue growth, net profit rose by 7.4%, reaching RM26.2 million from RM24.4 million in FY24. On an adjusted basis, excluding one-off IPO listing expenses of RM3.1 million incurred in FY25, Sorento Capital’s net profit would have been RM29.3 million.

In 4QFY25, the Company reported a net profit of RM7.9 million on the back of RM43.3 million in revenue, translating into a net profit margin of 18.2%.

TFor FY25, the Company had paid an interim single-tier tax exempt dividend of 0.5 sen per ordinary share, amounting to RM4.3 million on 21 March 2025. In respect of FY26, a proposed interim single-tier tax exempt dividend of 0.5 sen per ordinary share has been declared, with payment scheduled for 19 September 2025.

Managing Director of Sorento Capital, Mr. Loo Chai Lai (吕再来) said, “We are pleased to have delivered a solid set of results for FY25 which underscore the continued resilience of both our dealer and project-based sales channels. This performance was driven by stronger sales momentum, increased project activity and market demand, and continuous promotional marketing campaigns.”

Looking ahead, the outlook for Malaysia’s bathroom and kitchen sanitary ware industry remains favourable, supported by rising residential and commercial construction, ongoing urban development, and increasing demand for premium branded solutions. Meanwhile, Bank Negara Malaysia’s recent Overnight Policy Rate (OPR) cut to 2.75% in July 2025 is expected to support consumer spending and housing demand.

Remaining focused on product innovation and portfolio expansion, Sorento Capital plans to roll out a new line of plumbing valves, targeting a largely untapped and unbranded market segment. This expansion broadens the Company’s product range, enabling it to capture a greater share of wallet from existing customers while capturing new market segments.

On balance sheet strength, Sorento Capital continued to demonstrate financial prudence and resilience as at 30 June 2025, maintaining a solid net cash position with cash and cash equivalents of RM33.1 million, well above total loans and borrowings of RM6.0 million. Backed by a strong net operating cash inflow of RM17.7 million, the Company’s low gearing profile provides ample flexibility to pursue strategic growth initiatives while sustaining long-term value for its shareholders.

To recap, Sorento Capital was listed on the ACE Market of Bursa Securities on 28 October 2024, successfully raising a total of RM57.4 million from its initial public offering.


About Sorento Capital Berhad

Sorento Capital Berhad (“Sorento Capital”), through its subsidiaries, is principally involved in the marketing, distribution and sale of bathroom and kitchen sanitary wares. They have an extensive range of bathroom and kitchen sanitary ware products under their house brands, namely the flagship brand ‘Sorento’, as well as ‘Mocha’, ‘Cabana’ and ‘i-Born’. They are also the authorised distributor for foreign luxury third-party brands of bathroom and kitchen sanitary ware products, namely ‘Bravat’ branded sanitary wares (non-exclusive distributor) and ‘Infinity’ branded sanitary wares (exclusive distributor) in Malaysia.

For more information, please log on to https://www.sorento.com.my/


Released on behalf of Sorento Capital Berhad by Capital Front Investor Relations.

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