KPS 3Q profit surges on asset disposal, lower forex losses

PETALING JAYA: Kumpulan Perangsang Selangor Bhd (KPS) recorded a 3% year-on-year (y-o-y) drop in revenue to RM268.7mil for the third quarter ended Sept 30, 2025 (3Q25) but its earnings rose 418% to RM25.7mil, driven by an asset disposal and lower foreign exchange losses.

For the nine months (9M25), topline totalled RM781mil versus RM818mil in 9M24 due to lower chemical sales during the dry season and the absence of rental income following the disposal of Plaza Perangsang in July 2024.

This moderation was partially offset by higher revenue from its Toyoplas Manufacturing (Malaysia) Sdn Bhd and MDS Advance Sdn Bhd businesses, supported by robust demand in the consumer electronics and medical segments.

Net profit for the nine months jumped to RM39.2mil or earnings per share (EPS) of 7.3 sen from RM61.2mil or EPS of 11.4 sen in 9M24.

In its filing with Bursa Malaysia, the diversified company noted US tariffs and intense competition from China put pressure on its packaging businesses.

KPS noted that Toyoplas posted revenue of RM112.1mil in the quarter despite an early stock push-out from key customers prior to the tariff implementation in August 2025.

Century Bond Bhd (CBB) made a revenue of RM47mil despite ongoing challenges in its carton and paper divisions while CPI (Penang) Sdn Bhd and MDS Advance continued to deliver steady progress, helping to cushion the softer performances from Toyoplas and CBB.

CPI recorded a revenue increase of RM2.4mil to RM58.6mil for the quarter, driven by stronger sales in the electronics, communication, and information technology segments.

MDS Advance posted a modest revenue growth of RM1mil to RM5.6mil in the quarter due to increasing orders from both existing and new customers in its medical division.

The group’s trading business under Aqua-Flo Sdn Bhd recorded revenue of RM45.4mil in 3Q25 and an operating profit of RM25.7mil, up 129% from RM11.2mil a year ago.