Poh Kong's 1Q FY2026 Net Profit Rises To RM39.6 Mln On Strong Gold Prices
KUALA LUMPUR, Dec 15 (Bernama) -- Poh Kong Holdings Bhd’s net profit for the first quarter of the financial year 2026, ended Oct 31, 2025 (1Q FY2026), increased to RM39.61 million from RM21.34 million in the same quarter last year.
The jewellery company’s revenue also rose to RM439.94 million from RM329.28 million last year, driven by higher demand for gold jewellery and gold investment products, and a surge in gold prices.
In a filing with Bursa Malaysia today, the group said the RM18.27 million increase in net profit was attributed to higher revenue, and the overall uptrend in gold prices had improved operating profits.
Poh Kong also said the group’s revenue is largely derived from the retail segment.
On prospects, the group said Malaysia's gold jewellery industry showed strong growth and resilience this year, driven by both local and international demand.
“Its jewellery market is poised for continuous growth, and we anticipate gold’s bull trend will continue into 2026.
“Despite factors such as inflation and currency fluctuations, we believe that strong central bank buying, consumer spending and safe haven inflows amid global geopolitical uncertainties will continue to fuel demand for both jewellery and gold investment products,” it said.
The group said it will continue to monitor the impact of current uncertainties on its operations, uphold and honour Poh Kong’s financial obligations, and continuously evaluate its performance.
“Barring unforeseen circumstances, the board of directors is confident that the group has put in place adequate measures to meet the challenges ahead for the financial year ending July 31, 2026,” it added.
-- BERNAMA