Ritamix Global Limited

Ritamix Global Limited

HHKEX:1936
4.50
HKD
+0.78
(+21.00%)
354.74MMarket Cap
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.22
0.26
0.25
0.25
0.24
0.28
0.25
0.26
0.27
- -
Basic EPS, GAAP
0.02
0.03
0.03
0.02
0.02
0.02
0.02
0.02
0.02
- -
Free Cash Flow per Basic Share
- -
0.05
-0.01
0.02
0.01
0.05
0.03
-0.01
0.03
- -
Dividend per Share
0.01
0.04
- -
- -
- -
- -
- -
- -
0.06
- -
Book Value per Share
0.14
0.14
0.17
0.28
0.3
0.31
0.34
0.29
0.31
0.29
Tangible Book Value per Share
0.14
0.14
0.17
0.28
0.3
0.31
0.34
0.29
0.31
0.29
Basic Weighted Avg Shares
500
500
500
455
491
472
472
471
467
469
Sales/Revenue/Turnover
108
129
126
116
120
134
118
123
128
- -
Operating Margin (%)
11.92
16.07
13.87
8.52
11.52
13.92
9.15
5.52
7.14
- -
Depreciation Expense
1
1
1
1
2
2
2
2
2
- -
Net Income, GAAP
11
16
14
8
12
11
11
8
9
- -
Effective Tax Rate (%)
25.43
28.24
27.36
32.82
26.85
31.82
26.73
32.99
30.25
- -
Profit Margin (%)
10.05
12.37
10.88
7.29
9.85
8.43
9.69
6.75
7.23
- -
Working Capital
55
57
71
127
122
135
146
117
125
117
LT Debt
- -
- -
- -
- -
- -
- -
1
1
1
1
Total Equity
70
71
84
141
141
149
160
134
142
134
Return on Invested Capital (%)
- -
21.31
16.36
5.97
7.28
9.01
5.42
2.95
4.54
- -
Return on Capital (%)
- -
22.37
17.45
7.49
8.42
7.83
7.67
6
6.81
- -
Return on Common Equity (%)
- -
22.7
17.73
7.51
8.41
7.82
7.39
5.61
6.68
- -

Capital Structure

MYR

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
ST Debt
1
1
1
LT Borrowings
- -
- -
- -
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
472
472
467
Market Capitalization
111
180
204

Working Capital

MYR

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
Total Current Assets
155
162
156
Cash, Cash Equivalents & STI
88
90
85
Accounts Receivable, Net
22
20
25
Inventories
34
35
36
Total Current Liabilities
9
11
39
Payables & Accruals
- -
- -
- -
ST Debt
1
1
1
Deferred Revenue
- -
- -
- -

Growth Rates

MYR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
0.62%
6.21%
Free Cash Flow
- -
-27.85%
-523.02%
Net Income, GAAP
- -
4.22%
12.05%
Sales/Revenue/Turnover
- -
2.37%
4.7%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

MYR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
118
2024
- -
- -
123
2025
- -
- -
128

Semi-annual Earnings Per Share

MYR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.02
2024
- -
- -
0.02
2025
- -
- -
0.02

Semi-annual Dividends Per Share

MYR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
0.06

Company Description

CEO
Haw Yih Lee
Full Time Employees
54
Sector
Process industries
Industry
Agricultural commodities/Milling
Address
No. 7, Jalan TP7 Shah Alam SE Malaysia 40400
IPO Date
May 13, 2020
Business
Ritamix Global Limited is a Malaysia-based investment holding company principally engaged in the distribution of animal feed additives and human food ingredients, as well as the manufacturing of animal feed additives premixes. The company distributes over 300 branded products from more than 70 international suppliers, including amino acids, vitamin premixes, acidifiers, enzymes, organic antioxidants, and growth ingredients for poultry, swine, cattle, and aquaculture; it also manufactures and sells over 150 proprietary premix products, such as customized vitamin concentrates and mineral formulas. In addition, Ritamix Global provides feed nutrition formulations, veterinary consultation, and technical support services to feedmills, integrators, farms, and food and beverage industries. The company operates in Malaysia, Europe, North America, the rest of Asia, Australia, and internationally, with 52 employees and subsidiaries including Ritamix International Limited, Gladron Chemicals Sdn. Bhd., Kevon Sdn. Bhd., Ritamix (HK) Limited, and Ritamix Sdn. Bhd.; it is a subsidiary of Garry-Worth Investment Limited. Founded in 1982 and headquartered at No. 7, Jalan TP 7, UEP Industrial Park, 40400 Shah Alam, Selangor Darul Ehsan, Malaysia, the company listed on the Hong Kong Stock Exchange's GEM board in May 2020 under ticker 1936.HK. Recent developments include the launch of new products and expansion of offerings to existing customers, driving a 7.0% revenue increase in distribution to RM50.5 million for the six months ended June 30, 2025; higher demand and price adjustments for vitamin and mineral premixes boosted manufacturing gross profit margins to 29.7% from 26.6% in the prior period. The group recorded overall revenue of RM64.3 million and profit of RM5.2 million for H1 2025, up from prior periods, alongside plans to construct a new manufacturing plant and testing laboratory, with unutilized IPO proceeds earmarked for potential investments in animal feed additives or veterinary-related businesses by December 31, 2025; it also declared a special dividend of HK$0.11 per share in late 2024. In 2024, Ritamix Global announced an equity buyback program, repurchasing 5.238 million shares for HKD 3.53 million, while navigating a profit decline to no more than RM6.0 million for the full year amid market challenges.