Ge-Shen Corporation Berhad (“Ge-Shen” or the “Group”) reported its unaudited financial results for the first quarter ended 31 March 2025 (“Q1 FY2025”). Profit Before Tax (“PBT”) surged by 240.3% to RM5.84 million compared to the preceding quarter (“Q4 FY2024”).
Revenue reached RM54.49 million, down 26.2% year-on-year due to U.S. tariffs affecting December 2024 pre-orders. However, PBT rose by 24.0% from RM4.71 million in Q1 FY2024, thanks to effective cost controls and a one-time asset disposal gain.
In January 2025, Ge-Shen acquired 60.0% of Amity Technical Services & Consultancy (M) Sdn. Bhd. and Amity Research & Development Sdn. Bhd. to enhance its engineering capabilities. The Company also held its 22nd Annual General Meeting (“AGM”) today, where all resolutions were approved by shareholders.
Dr. Adrian Foong Hong Nian, Chief Executive Officer of Ge-Shen commented, “We are grateful to our shareholders for their continued trust and approval of key resolutions that will shape Ge-Shen’s next phase of growth. We are pleased to deliver stronger earnings despite external challenges. Our operational resilience, ongoing cost optimisation, and strategic investments are paying off. We remain focused on high-value customers and projects while positioning the Group to seize opportunities in the EMS and semiconductor supply chain, especially in Malaysia and Vietnam. As a result of our acquisitions and automation efforts, we expect continued momentum going forward.”
Looking ahead, the Group is cautiously optimistic despite global trade uncertainties and wage pressures, particularly from potential minimum wage hikes in Malaysia and Vietnam. Encouraging signs include recovering customer orders and government support for high-tech manufacturing in Malaysia’s semiconductor ecosystem.
With increased automation, improved Enterprise Resource Planning (“ERP”), and strategic disposals for better asset efficiency, Ge-Shen is set to maintain its growth trajectory in 2025.