Three-A Resources Berhad
0012 · Main Market主板（Main Market） · annual reports 2023 to 2025, 226 entries read2023 至 2025 年报，共读出 226 条
The company这家公司
Three-A Resources is a manufacturer and seller of food and beverage ingredients, and operates principally in Malaysia.Three-A Resources 是一家食品与饮料原料制造及销售商，业务主要在马来西亚运营。
Sources (2)出处（2）
Segment analysis has not been prepared as the business of the Group is focused only in manufacturing and sale of food and beverage ingredients.
The Group does not have any non-current assets that are located in countries other than Malaysia.
In 2025, Malaysia contributed RM273.03 million of revenue, Singapore RM49.546 million, and other foreign countries RM188.463 million, with no single customer accounting for 10% or more of revenue.2025 年，马来西亚贡献 RM273.03 million 营业额，新加坡贡献 RM49.546 million，其他国家贡献 RM188.463 million，没有任何单一客户占营业额 10% 或以上。
Sources (4)出处（4）
Malaysia 273,030 300,152
Singapore 49,546 59,747
Other foreign countries 188,463 197,217 511,039 557,116
There are no major customers with revenue equal or more than ten percent (10%) of the Group’s revenue.
Fang Chew Ham Holdings Sdn Bhd holds 20.730% of the shares, Wilmar International Limited holds 15.844%, Teo Kwee Hock holds 11.679%, and Fang Chew Ham holds an indirect interest of 21.055%. Teo Kwee Hock has 56,745,700 shares in a pledged securities account and Fang Chew Ham Holdings Sdn Bhd has 14,500,000 shares in a pledged securities account.Fang Chew Ham Holdings Sdn Bhd 持股 20.730%，Wilmar International Limited 持股 15.844%，Teo Kwee Hock 持股 11.679%，Fang Chew Ham 拥有 21.055% 的间接权益。Teo Kwee Hock 质押了 56,745,700 股股份，Fang Chew Ham Holdings Sdn Bhd 质押了 14,500,000 股股份。
Sources (6)出处（6）
Fang Chew Ham Holdings Sdn Bhd 100,750,000 20.730 1,577,6001 0.325
Wilmar International Limited 77,000,000 15.844 8,452,3002 1.739
Fang Chew Ham 100,000 0.021 102,327,6003 21.055
Teo Kwee Hock 56,762,250 11.679 554,3754 0.114
56,745,700 11.676 PLEDGED SECURITIES ACCOUNT FOR TEO KWEE HOCK
14,500,000 2.984 PLEDGED SECURITIES ACCOUNT FOR FANG CHEW HAM HOLDINGS SDN BHD (MY3185)
On 30 June 2025, Fong Chu King @ Tong Chu King resigned as director, and on 16 July 2025, Fang Siew Ping was redesignated as Managing Director. Ms Fang Siew Ping is the daughter of major shareholder Fang Chew Ham, and director Liew Kuo Shin is her brother-in-law.2025 年 6 月 30 日，Fong Chu King @ Tong Chu King 辞任董事，Fang Siew Ping 于 2025 年 7 月 16 日改任董事经理。Fang Siew Ping 是大股东 Fang Chew Ham 的女儿，而董事 Liew Kuo Shin 是她的姐夫或妹夫。
Sources (4)出处（4）
Mr. Fong Chu King @ Tong Chu King resigned as a Director of Three-A Resources Berhad on 30 June 2025.
She was subsequently redesignated as Managing Director of the Company on 16 July 2025.
She is the daughter of Mr Fang Chew Ham who is major shareholder of the Company.
Mr Liew Kuo Shin is brother-in-law of Managing Director, Ms Fang Siew Ping who is the daughter of Mr Fang Chew Ham, a major shareholder of the company.
Revenue by geographic region, 20252025 年按地理区域划分的营业额
Sources (3)出处（3）
Malaysia 273,030 300,152
Singapore 49,546 59,747
Other foreign countries 188,463 197,217 511,039 557,116
Major events大事记
Sources (1)出处（1）
Completed Phase 1 of our Solar Power Project in July 2023, allowing us to generate renewable energy.
Sources (1)出处（1）
We would like to express our sincere appreciation to Mr Chew Eng Chai and Ms Lim Yee Mein who resigned from the Board on 26 May 2023 and 29 February 2024 respectively for their invaluable contribution to the Group.
Sources (2)出处（2）
Lim Yee Mein (Resigned on 29 February 2024)
During the financial year, the Company repurchased 3,000,000 of its issued ordinary shares at a total cost of RM2,490,460 that were held as treasury shares.
Sources (1)出处（1）
The expansion of the Quality Control and Micro lab, Physical and Chemical Laboratory facilities was completed in October 2024, while the construction of a new warehouse facility is set to be completed by mid-2025.
Sources (2)出处（2）
Mr. Fong Chu King @ Tong Chu King resigned as a Director of Three-A Resources Berhad on 30 June 2025.
She was subsequently redesignated as Managing Director of the Company on 16 July 2025.
Sources (1)出处（1）
Repayments of term loans 14(i) (3,275) (1,621) – –
Revenue, profit and operating cash营业额、盈利与营运现金
Assets, equity and borrowings资产、权益与借款
20232023 年
In 2023, net cash from operating activities reached RM79.479 million. Capital expenditure for purchase of property, plant and equipment was RM12.343 million. Total borrowings fell to RM4.896 million as term loans and bank borrowings were repaid, while dividends paid totalled RM14.670 million.2023 年，营运活动所得现金净额达 RM79.479 million。购买物业、厂房及设备的资本支出为 RM12.343 million。由于偿还定期贷款和银行借款，总借款降至 RM4.896 million，已付股息总计 RM14.670 million。
Sources (1)出处（1）
Similarly, total liabilities decreased due to reduced trade and other payables, along with repayments in bank borrowings like banker acceptances and term loans during FY2023.
20242024 年
In 2024, net cash from operating activities was RM57.855 million. The company repurchased 3,000,000 ordinary shares at a total cost of RM2,490,460 as treasury shares. Purchase of property, plant and equipment was RM12.844 million, dividends paid were RM13.692 million, and total borrowings decreased to RM3.275 million.2024 年，营运活动所得现金净额为 RM57.855 million。公司回购了 3,000,000 股普通股作为库存股，总成本为 RM2,490,460。购买物业、厂房及设备支出为 RM12.844 million，已付股息为 RM13.692 million，总借款降至 RM3.275 million。
Sources (1)出处（1）
During the financial year, the Company repurchased 3,000,000 of its issued ordinary shares at a total cost of RM2,490,460 that were held as treasury shares.
20252025 年
In 2025, net cash from operating activities rose to RM75.659 million. The group fully repaid its term loans of RM3.275 million, leaving total borrowings at zero. Capital expenditure for property, plant and equipment was RM17.036 million, while dividends paid increased to RM18.468 million.2025 年，营运活动所得现金净额增至 RM75.659 million。集团全数偿还了 RM3.275 million 定期贷款，使总借款降至零。物业、厂房及设备资本支出为 RM17.036 million，已付股息增至 RM18.468 million。
Sources (1)出处（1）
Repayments of term loans 14(i) (3,275) (1,621) – –
Across the three years三年合看
Net cash from operating activities was negative RM8.903 million in 2022, then RM79.479 million in 2023, RM57.855 million in 2024 and RM75.659 million in 2025. Total borrowings went from RM20.247 million in 2022 to zero at end 2025. Dividends paid were RM14.670 million in 2023, RM13.692 million in 2024 and RM18.468 million in 2025.营运活动所得现金净额 2022 年为负 RM8.903 million，2023 年 RM79.479 million，2024 年 RM57.855 million，2025 年 RM75.659 million。总借款由 2022 年的 RM20.247 million 降至 2025 年底的零。已付股息 2023 年 RM14.670 million，2024 年 RM13.692 million，2025 年 RM18.468 million。
Sources (0)出处（0）
Still to be spent尚未支出的承诺
Capital commitments contracted but not provided for property, plant and equipment moved from RM6.923 million in 2023 to RM7.839 million in 2024 and RM2.793 million at end 2025.已签约但未在财务报表中列提的物业、厂房及设备资本承诺在 2023 年为 RM6.923 million，2024 年为 RM7.839 million，至 2025 年底降至 RM2.793 million。
Sources (3)出处（3）
Contracted but not provided for 6,923 7,717
Contracted but not provided for 7,839 6,923
Contracted but not provided for 2,793 7,839
Four years of figures四年数字
Group figures, in RM thousand (×1,000), as printed in the statements.集团数字，单位千令吉（×1,000），照财务报表所印。
| Group集团 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| RM'000千令吉 | RM'000千令吉 | RM'000千令吉 | RM'000千令吉 | |
| Revenue营业额 | 658,702 | 603,864 | 557,116 | 511,039 |
| Profit before tax税前盈利 | 47,803 | 57,422 | 56,933 | 56,118 |
| Profit after taxation税后盈利 | 35,094 | 45,155 | 43,449 | 42,278 |
| Net cash from operating activities营运活动所得现金净额 | (8,903) | 79,479 | 57,855 | 75,659 |
| Purchase of property, plant and equipment购买物业、厂房及设备 | 23,080 | 12,343 | 12,844 | 17,036 |
| Dividends paid已付股息 | (12,225) | (14,670) | (13,692) | (18,468) |
| Total assets总资产 | 509,048 | 505,664 | 535,261 | 547,463 |
| Total borrowings总借款 | 20,247 | 4,896 | 3,275 | 0 |
| Cash and bank balances现金与银行结余 | 21,006 | 16,356 | 24,943 | 33,140 |
| Total equity总权益 | 420,107 | 450,592 | 477,859 | 501,669 |
On a computer, hover over a figure for the report and page it is printed on.在电脑上把鼠标移到数字上，可看到它印在哪份年报的哪一页。
Said and done说过的与做到的
| What the reports said年报说要做的 | What later reports show之后年报显示的 | Status状态 |
|---|---|---|
| Completed Phase 1 of Solar Power Project in July 2023 and planned Phase 2 under discussion in 20242023 年 7 月完成第一期太阳能发电项目，2024 年讨论第二期计划 | Advanced Phase 2 installation works in 2025, with completion targeted by the first quarter of 2026.2025 年推进第二期安装工程，预计 2026 年第一季度完工。Sources (4)出处（4）Completed Phase 1 of our Solar Power Project in July 2023, allowing us to generate renewable energy. To further accelerate our transition to renewable energy, plans for Phase 2 are currently under discussion. In line with the Group’s sustainability objectives and cost optimisation strategy, the installation of the second phase of the solar photovoltaic panel system was also undertaken during the year and is expected to be fully operational in the first quarter of 2026. Advanced Phase 2 of the Solar Power Generation Project, with installation works in progress. It is targeted for completion by the first quarter of 2026 | In progress进行中 |
| Relocation and expansion of Micro Lab, Physical & Chemical Lab expected to be ready for use in 2024计划在 2024 年前搬迁并扩建微生实验室、物理与化学实验室 | Completed in October 2024 and became fully operational in December 2024.于 2024 年 10 月完工，并于 2024 年 12 月全面投入运营。Sources (3)出处（3）The relocation and expansion of the Micro Lab, Physical & Chemical Lab is currently underway and expected to be ready for use in 2024. The expansion of the Quality Control and Micro lab, Physical and Chemical Laboratory facilities was completed in October 2024, while the construction of a new warehouse facility is set to be completed by mid-2025. To support these efforts, the Micro Lab, Physical and Chemical Lab were relocated and expanded, becoming fully operational in December 2024. | Completed已完成 |
| Construction of a new warehouse facility set to be completed by mid-2025新建仓库设施原计划于 2025 年年中完工 | Near completion in FY2025, pending approval from relevant authorities.2025 财年接近完工，正等待相关部门的批准。Sources (2)出处（2）The expansion of the Quality Control and Micro lab, Physical and Chemical Laboratory facilities was completed in October 2024, while the construction of a new warehouse facility is set to be completed by mid-2025. A key operational milestone in FY2025 was the near completion of the new warehouse facility, which is currently pending approval from the relevant authorities. | Not complete by mid-2025; pending approval at end 20252025 年中未完工；2025 年底仍待批准 |
| Plans to establish a baseline year for GHG emissions for Scopes 1 and 2 by FY2025计划在 2025 财年前建立范围 1 和范围 2 的温室气体排放基准年 | The 2025 annual report mentions Malaysian carbon tax introduction in 2026 but does not print established GHG baseline targets.2025 年年报提及马来西亚将于 2026 年引入碳税，但未载明已建立的温室气体基准目标。Sources (3)出处（3）Moving forward, we plan to include Climate Change targets such as establishing a baseline year for GHG emissions by FY2025. The Group plans to establish a GHG emission baseline for Scopes 1 and 2 by FY2025 and set targets for both in the coming years. Introduction of carbon tax in Malaysia in 2026 | Not mentioned as completed未说明已完成 |
What the reports leave open年报留下待看的事
- Targeted completion of Solar Power Generation Project Phase 2 in the first quarter of 2026.第二期太阳能发电项目计划于 2026 年第一季度完工。
Sources (2)出处（2）
In line with the Group’s sustainability objectives and cost optimisation strategy, the installation of the second phase of the solar photovoltaic panel system was also undertaken during the year and is expected to be fully operational in the first quarter of 2026.
Advanced Phase 2 of the Solar Power Generation Project, with installation works in progress. It is targeted for completion by the first quarter of 2026
- Final regulatory approvals for the newly constructed warehouse facility.新建仓库设施尚待获得相关监管部门的最终批准。
Sources (1)出处（1）
A key operational milestone in FY2025 was the near completion of the new warehouse facility, which is currently pending approval from the relevant authorities.
- Impact of product competition originating from overseas, particularly China, and foreign exchange exposure as approximately half of sales are in USD.来自海外（特别是中国）产品的竞争影响，以及约半数销售以美元计价带来的外汇风险。
Sources (3)出处（3）
Foreign exchange movements also influenced revenue performance, as approximately half of the Group’s sales are denominated in United States Dollar (“USD”).
During FY2025, competition increased both directly and indirectly from products originating from overseas, particularly from China.
Approximately half of the Group’s sales and a significant portion of its raw material purchases are denominated in United States Dollar (“USD”).
- Implementation of carbon tax in Malaysia in 2026 and setting of GHG emission baseline targets.马来西亚 2026 年实施碳税以及温室气体排放基准目标的设定。
Sources (1)出处（1）
Introduction of carbon tax in Malaysia in 2026
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-10-10.内容为公司年报所印的事实，并注明页码；不评级，不构成投资建议。生成日期 2026-10-10。