KUALA LUMPUR (Nov 24): Well Chip Group Bhd (KL:WELLCHIP)’s net profit nearly tripled in the third quarter, on stronger contribution from both its pawnbroking services and sales of jewellery and gold.
Net profit stood at RM23.7 million in the three months ended Sept 30, 2025 (3QFY2025), from RM8.77 million a year ago. Earnings per share stood at four sen in 3QFY2025, versus 1.6 sen in 3QFY2024, the Johor-based pawnbroker's bourse filing showed on Monday.
Quarterly revenue grew by 47.73% year-on-year (y-o-y) to RM70.47 million, from RM47.7 million. This implies a net profit margin of 33.63% for 3QFY2025, up from 18.38% for 3QFY2024.
The group did not recommend any dividend for the quarter under review.
Its pawnbroking services segment posted a revenue of RM37.54 million for 3QFY2025, up 61.8% y-o-y from RM23.21 million due to an increase in the provision of pawn loans.
Its retail and trading of jewellery segment posted a revenue of RM32.92 million, an increase of 34.4% from RM24.49 million a year ago, supported by a hike in gold prices.
For the nine-month period, Well Chip’s net profit surged 77.09% y-o-y to RM61.88 million, from RM34.95 million, on the back of revenue of RM196.32 million, up 17.95% from RM166.44 million.
Looking ahead, the group said it remains committed to pursuing growth via both organic and acquisition channels.
The group recognised the role of digital marketing and has invested in targeted digital marketing strategies to optimise content for social media, e-commerce platforms and online advertising, further driving the growth of its gold retail business.
On Monday, Well Chip shares closed unchanged at RM1.55, valuing the group at RM930 million. Year to date, the stock has gained 36%.
Well Chip was listed on the Main Market of Bursa Malaysia in July 2024 with an initial public offering price of RM1.15.