KUALA LUMPUR (Feb 21): ACE Market-listed café operator Oriental Kopi Holdings Bhd (KL:KOPI) reported RM13.09 million in net profit for the first quarter ended Dec 31, 2024 (1QFY2025).
According to a bourse filing on Friday, operations of café chains contributed RM79.05 million to the company’s revenue, followed by the distribution and retail of packaged goods of RM18.02 million.
On a per share basis, Oriental Kopi’s earnings stood at 83 sen during the quarter. The company did not declare a dividend for the quarter. Meanwhile, quarterly revenue came in at RM97.83 million.
There are no comparative figures for the preceding corresponding quarter and year-to-date results, as this is the first interim financial report for Oriental Kopi as a listed company on Bursa Malaysia. The company made its debut on Jan 23.
Oriental Kopi expects demand for its food and beverage services, as well as the distribution and retailing of consumer-branded packaged food, to be driven by improvements in household spending.
Household spending is projected to grow by 5.9% this year, up from an estimated 5.5% in 2024.
Recognising the growth opportunities in this sector, Oriental Kopi plans to expand its domestic operations by establishing a new office, central kitchen and warehouse, new cafés in various states, extending the product range for its brands of packaged food, as well as setting up new specialty retail stores for the brands of packaged food.
Additionally, the company also plans to scale the café chain operations by introducing Oriental Kopi cafés in selected foreign countries to diversify its geographic presence.
Established in December 2020, Oriental Kopi now has 20 cafés across Malaysia and one in Singapore. It also sells in-store packaged coffee and tea, as well as other food such as spreads, pastries, instant noodles and seasonal items such as moon cakes.
At the time of writing on Friday, Oriental Kopi shares closed unchanged at 83 sen, valuing the company at RM1.66 billion.