KUALA LUMPUR (June 24): Bakery chain RT Pastry Holdings Bhd posted a net profit of RM370,000 for the first quarter ended March 31, 2026 (1QFY2026), ahead of its scheduled listing on the ACE Market of Bursa Malaysia on June 29.

In its first interim financial report filed with Bursa Malaysia, the Seri Kembangan-based bakery operator reported revenue of RM12.66 million, with its network of retail outlets contributing 96.45% of total sales.

As this is the group's maiden quarterly report, no year-on-year comparison was available.

RT Pastry recorded a gross profit of RM3.7 million, translating into a gross profit margin of 29.23%, while net profit margin came in at 3.25%.

The quarterly margins were lower than those achieved in FY2025, when the group posted a gross profit margin of 35.36% and a net profit margin of 9.96%.

On its outlook, RT Pastry said it remains optimistic about domestic consumer spending, noting that bakery products continue to be among the more resilient consumer staples.

The group said it will continue strengthening its wholesale distribution business and expanding market coverage to support sustainable growth, while improving operational and cost efficiencies.

RT Pastry currently operates 17 bakery outlets across the Klang Valley.

The company, which fixed its initial public offering (IPO) price at 18 sen per share, is expected to raise RM16.48 million from the issuance of 91.54 million new shares.

Proceeds from the IPO will be used mainly to fund the opening of six new outlets — four in the Klang Valley and two in Pahang — over the next two years. About 5% of the proceeds will be allocated for the purchase of equipment, while the remainder will be used for bank loan repayments and listing expenses.

The public portion of the IPO, comprising 16.96 million shares, was oversubscribed by nearly 60 times.