KUALA LUMPUR (July 14): Foodie Media Bhd (KL:FOODIE) reported a net profit of RM4.1 million for the third quarter ended May 31, 2026 (3QFY2026), as the company focused on growing its event management services segment which carries a lower profit margin.

In its filing with Bursa Malaysia, Foodie Media said it intentionally accepted lower margins for its first large-scale event, Monie Fest, under its event management services segment, to build its brand, strengthen customer relationships and grow its community. The company expects the event’s profitability to improve as it expands into an annual flagship event.

Net profit increased 21.6% quarter-on-quarter, mainly due to significantly lower one-off listing expenses during the quarter. Excluding these non-recurring items, net profit would have been largely unchanged.

Quarterly revenue stood at RM13.91 million, representing a 5.5% quarter-on-quarter increase, driven by contributions from Monie Fest and stronger performance from its content business, which increased by RM0.32 million to RM7.99 million.

No dividend was declared for the quarter. Previously, Foodie Media paid its first interim dividend of 0.32 sen per share and a special dividend of 0.21 sen per share, amounting to RM4.7 million in total, on May 25, 2026.

On its outlook, Foodie Media remains positive, supported by continued demand across its Content, Creator, Commerce and Community (4C) segments. The company expects Malaysia’s digital advertising market to continue growing as businesses increasingly shift towards social media and digital platforms.

Foodie Media plans to expand its content offerings, influencer network, affiliate commerce and community activities, while attracting new clients and investing in its workforce and production capabilities.

For the first nine months ended May 31, 2026 (9MFY2026), Foodie Media recorded RM11.94 million in net profit on RM39.67 million in revenue. As at May 31, 2026, the company held RM49.46 million in cash.

Foodie Media was listed on the ACE Market of Bursa Malaysia on Nov 28, 2025, at 30 sen per share. It is currently trading at 31 sen, down 3.13%, with a market capitalisation of RM275.3 million. Year-to-date, the stock has declined 35.04%.