KUALA LUMPUR (April 13): Tourism firm Golden Destinations Group Bhd posted a net profit of RM8.1 million for the first quarter ended Dec 31, 2026 (1QFY2026) ahead of its ACE Market listing on Bursa Malaysia.
In an exchange filing on Monday, the group also posted a revenue of RM127.24 million, with the bulk of its contributions coming from its travel experience segment.
There are no comparative figures as this is Golden Destinations’ first interim financial report ahead of its listing.
In terms of segmental reporting, "travel experience" accounted for RM91.25 million in revenue while ticketing and other services contributed to RM35.99 million in topline earnings.
Asia stood out as the main revenue driver, followed by Europe and other regions, which includes the Americas, the Middle East, Africa, and Oceania, according to the filing.
The group noted that it has observed a shift in travel demand as tourists gravitate towards Asian destinations amid escalating geopolitical tensions in the Middle East. It said it expects to gain positively from the rising demand as Asia is its core focus of travel experience packages.
“The group intends to continue enhancing its brand presence and implementing its business expansion plans, as disclosed in the prospectus,” said Golden Destinations in the filing.
As part of its initial public offering (IPO), Golden Destinations is seeking to raise up to RM135 million with the IPO price set at 45 sen apiece. Part of the IPO funds will accrue to expanding its centralised headquarters and marketing activities, and it is also expanding into East Malaysia and Singapore.
The offer for sale will go towards its founder Mita Lim, who will pocket about RM45 million from the exercise.
At the IPO price, the group is expected to have a market value of RM450 million.