Farm Fresh Bhd.

Farm Fresh Bhd.

MMYX:FFB
1.80
MYR
+0.06
(+3.45%)
34.81P/E
Dec 02Next Earn
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
0.1
0.16
0.26
0.31
0.34
0.43
0.52
0.59
0.62
Basic EPS, GAAP
0.01
0.02
0.02
0.05
0.03
0.03
0.06
0.07
0.07
Free Cash Flow per Basic Share
-0.01
-0.02
-0.01
-0.01
-0.07
0.01
0.03
-0.03
-0.05
Dividend per Share
- -
- -
- -
- -
0.01
0.01
0.02
0.01
- -
Book Value per Share
0.08
0.1
0.13
0.33
0.34
0.36
0.37
0.42
0.44
Tangible Book Value per Share
0.08
0.09
0.12
0.32
0.33
0.3
0.31
0.37
0.38
Basic Weighted Avg Shares
1,858
1,858
1,858
1,641
1,858
1,870
1,874
1,879
1,880
Sales/Revenue/Turnover
178
303
490
502
630
810
981
1,115
1,161
Operating Margin (%)
18.22
14.06
15.77
15.04
10.11
10.49
13.44
14.48
13.53
Depreciation Expense
8
14
21
29
33
49
59
67
69
Net Income, GAAP
27
35
36
80
50
64
106
130
124
Effective Tax Rate (%)
2.85
4.96
51.43
- -
4.29
8.37
6.87
9.12
10.29
Profit Margin (%)
15.39
11.62
7.39
15.92
7.95
7.84
10.84
11.65
10.64
Working Capital
19
19
-56
383
325
327
329
466
412
LT Debt
45
95
107
238
251
355
327
450
448
Total Equity
164
198
241
611
636
693
728
828
850
Return on Invested Capital (%)
- -
13.97
8.56
- -
6.46
7.39
10.77
10.74
10.82
Return on Capital (%)
- -
12.52
9.45
- -
5.36
6.16
9.38
9.6
10.88
Return on Common Equity (%)
- -
20.3
17.09
19.01
8.1
9.79
15.57
17.34
15.92

Capital Structure

MYR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
288
296
110
LT Borrowings
228
426
425
LT Finance Leases
26
25
23
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,883
1,884
1,885
Market Capitalization
5,348
4,541
4,316

Working Capital

MYR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
720
935
734
Cash, Cash Equivalents & STI
195
366
140
Accounts Receivable, Net
289
213
307
Inventories
223
234
264
Total Current Liabilities
468
469
322
Payables & Accruals
- -
- -
- -
ST Debt
288
296
110
Deferred Revenue
- -
- -
- -

Growth Rates

MYR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
37.06%
13.68%
Free Cash Flow
- -
150.88%
-218.86%
Net Income, GAAP
- -
39.94%
22.15%
Sales/Revenue/Turnover
- -
18.25%
13.68%
Total Cash Common Dividend
- -
- -
-54.46%

Quarterly Revenue

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
242
249
247
244
981
2026
261
295
285
275
1,115
2027
306
- -
- -
- -
- -

Quarterly Earnings Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.01
0.01
0.01
0.02
0.06
2026
0.02
0.02
0.02
0.01
0.07
2027
0.01
- -
- -
- -
- -

Quarterly Dividends Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
0.02
2026
- -
- -
- -
- -
0.01
2027
- -
- -
- -
- -
- -

Company Description

CEO
Tuan Ee Loi
Full Time Employees
1,669
Sector
Consumer non-durables
Industry
Food: meat/fish/dairy
Address
No.11-1, Jalan Petaling Johor Bahru HO Malaysia 80350
IPO Date
Mar 22, 2022
Business
Farm Fresh Berhad is a Malaysian integrated dairy company engaged in the rearing of dairy cows and goats; production, marketing, and sale of cow’s milk, plant-based milk, yogurt drinks, yogurt, goat's milk, and ice cream; as well as the manufacture of jams, sauces, butter, cream, and cheese products. The company operates under multiple brands including Farm Fresh, Yarra Farm, Yarra by Farm Fresh, Master Barista, Henry Jones, Nubian Goat’s Milk, Jom Cha by Farm Fresh, St David Dairy (Australia), Inside Scoop, and Sin Wah Ice Cream. Farm Fresh also operates café outlets and licenses the Inside Scoop café chain. It has farms and processing facilities across Malaysia and Australia, producing over 33,000 liters of fresh milk daily with extensive distribution in Malaysia and exports to Brunei, Singapore, with plans for Hong Kong, Philippines, and Indonesia markets. Founded in 2009 and headquartered in Johor Bahru, Malaysia, Farm Fresh is Malaysia’s largest homegrown dairy brand, holding a 49% market share in the chilled ready-to-drink milk segment. Recent major developments include the divestment of its shares by Malaysian sovereign wealth fund Khazanah Nasional in September 2025, expansion with a new dairy farm in Taiping to serve northern Peninsular Malaysia, the commencement of consumer packaged goods ice cream manufacturing operations in Taiping by mid-2024, and the centralisation of ice cream production and related operations in Bandar Enstek, Seremban. Additionally, Farm Fresh started milk processing operations in the Philippines producing ready-to-drink products using raw milk from Australia and marketing UHT products imported from Malaysia. The company also introduced new products including a powder variant of Farm Fresh Grow, Australian organic milk, and consumer packaged goods ice cream. Farm Fresh has received multiple platinum awards as Malaysia’s number one dairy brand and continues to invest in expanding its product portfolio and geographic reach.