KLANG: Recently listed bathroom and kitchen sanitary ware provider Sorento Capital Berhad has recorded a net profit of RM18.3 million for the nine-month period ended 31 March 2025 (9MFY25), on the back of RM135.9 million in revenue. Excluding one-off IPO listing expenses of RM3.1 million, adjusted net profit stood at RM21.5 million.
For the third quarter alone (3QFY25), the company reported RM41.1 million in revenue with a profit before tax (PBT) of RM8.1 million and net profit of RM6.3 million — translating to a PBT margin of 19.7% and net profit margin of 15.3%.
“We are pleased to report sustained positive performance despite the seasonal slowdown during the Chinese New Year holiday period,” said Managing Director Loo Chai Lai. “Encouragingly, market activity has since picked up, and our growing pipeline of projects continues to reinforce our confidence.”
Sorento Capital’s growth strategy remains anchored in its expanding dealer network. The company added 96 new dealers in the first nine months of FY25, progressing towards its target of 200 new dealers over three years. This builds on its existing base of 664 dealers in FY2024.
The industry outlook remains promising, underpinned by rising lifestyle expectations, residential and commercial construction activities, and government infrastructure initiatives. In response, Sorento Capital is diversifying its portfolio across residential projects, hotels, office buildings, and both new build and renovation segments.
As of March 31, 2025, Sorento Capital maintained a strong financial position with RM56.7 million in cash and cash equivalents, and RM4.1 million in total borrowings. The company also reported a net operating cash inflow of RM16.8 million for 9MFY25.
Sorento Capital was listed on the ACE Market of Bursa Malaysia on October 28, 2024, raising RM57.4 million through its IPO.
