Guan Huat Seng Holdings Bhd, which is set to make its debut on Bursa Malaysia’s ACE Market on January 22, has posted a net profit of RM1.51 million and revenue of RM20.14 million for its first financial quarter ending October 31, 2025. This marks the company’s first interim financial report, so no prior period comparisons were available.
The Melaka-based frozen food distributor reported a gross profit of RM5.18 million, representing a gross margin of 25.7%, while its net profit margin stood at 7.51%, highlighting a healthy start ahead of its market listing.
In a filing with Bursa Malaysia, the company expressed optimism about its prospects, citing Malaysia’s resilient economy, rising household incomes, expanding industrial activities, and growing tourism as factors expected to support sustainable growth in the food and beverage sector as well as the retail market throughout 2026.
Founded in 1979, Guan Huat Seng specializes in distributing halal-certified frozen and shelf-stable food products locally and exporting to international markets. The company’s product portfolio is aimed at serving both retail and wholesale customers, tapping into Malaysia’s growing consumer demand and export opportunities.
The retail portion of the company’s initial public offering (IPO) was oversubscribed by 4.78 times, reflecting strong investor interest. The IPO involves the issuance of 120 million new shares at 25 sen each, raising up to RM30 million, while selling shareholders will receive RM5.25 million from the offer for sale.
Proceeds from the IPO will be allocated to partially fund the construction of new facilities in Melaka, including an integrated complex in Batu Berendam and a manufacturing facility in Krubong. Additional funds will be used to support working capital needs and marketing initiatives to further expand the company’s market presence.
Upon listing, Guan Huat Seng is expected to have a market capitalisation of RM118.38 million, positioning it as a growing player in Malaysia’s food and beverage distribution sector, ready to leverage both domestic and international opportunities.
