BMS Holdings posts RM5.4mil profit ahead of ACE Market debut

KUALA LUMPUR: BMS Holdings Bhd, which is set to debut on the ACE Market of Bursa Malaysia on Dec 8, reported a net profit of RM5.4mil in the first quarter ended Sept 30 (1Q26), representing a profit after tax (PAT) margin of 6.36%.

Excluding one-off listing expenses of RM210,000, the group’s adjusted PAT increased to RM5.6mil, resulting in an adjusted PAT margin of 6.61%.

The retailer and distributor of tiles, stone surfaces, bathware and kitchenware posted revenue of RM84.81mil and gross profit of RM28.62mil, translating into a gross profit margin of 33.75%.

Managing director Ang Kwee Peng said the group’s first-quarter performance underscores the strength of its nationwide retail and distribution platform as it progresses toward its listing.

“Demand across retail, project, and wholesale channels remains healthy, supported by ongoing residential and commercial development activities.

“We will continue strengthening our operating capabilities, expanding our showroom footprint, and enhancing our distribution infrastructure to support long-term growth. The group remains focused on disciplined execution as we prepare for our next phase of expansion,” he said in a statement.

BMS Holdings is expected to raise RM80.08mil from its IPO. Of this amount, RM34.28mil will be used to expand operations and facilities, RM17mil to upgrade existing facilities and ICT systems, RM4mil for marketing, RM18.8mil for working capital and RM6mil to cover listing expenses.

Alliance Islamic Bank Bhd is the principal adviser, sponsor, sole underwriter, and placement agent for the IPO.