20 Jan 2025 PGF Capital’s 9M25 Revenue Jumps 27.3% To RM121.3 Million

Source: https://www.businesstoday.com.my/2025/01/20/pgf-capitals-9m25-revenue-jumps-27-3-to-rm121-3-million/

Main Market-listed PGF Capital Bhd has delivered a strong third quarter ended Nov 30, 2024 (3Q25), and nine months (9M25) results with revenue increased by 27.3% year-on-year (YoY) to RM121.3 million compared to RM95.3 million in 9MFY24.

PGF Capital said the growth is primarily attributed to higher sales contributed by the insulation segment which resulted in the 9MFY25’s net profit surging to RM20 million from RM12.3 million in 9MFY24, marking a significant 63% YoY improvement.

For the quarter under review, PGF Capital reported a lower revenue of RM38.4 million in 3Q25 compared to RM42.4 million in 2Q25 due to lower revenue generated by the insulation segment. Correspondingly, net profit stood at RM6.3 million compared to RM7.1 million in 2Q25.

As of Nov 30, 2024, PGF Capital maintained a healthy balance sheet with a positive net cash position of RM8.7 million.