DailySpaceSDS Group Berhad
0212 · Main Market主板 · annual reports 2024 to 2026, 384 entries read2024 至 2026 年报，共读出 384 条
The company这家公司
SDS Group Berhad is primarily involved in the manufacturing and retailing of bakery products. Its brands Top Baker and Daily's offer products for the mass market across Peninsular Malaysia and Singapore.SDS Group Berhad 主要从事烘焙产品的制造与零售。其品牌 Top Baker 和 Daily's 为马来西亚半岛与新加坡的大众市场提供产品。
Sources (3)出处（3）
SDS Group Berhad, through its Subsidiaries (“SDS”), is primarily involved in the manufacturing and retailing of bakery products.
Top Baker and Daily’s offer products for the mass market across the Peninsula of Malaysia and Singapore.
Top Baker and Daily’s offer products for the mass market across the Peninsula of Malaysia and Singapore.
In 2026, wholesale contributed approximately RM205.5 million or 61.3% of group revenue, while retail contributed approximately RM129.7 million or 38.7%. No single customer contributed 10% or more to the group's revenue in 2024, 2025 or 2026.2026 年，批发业务贡献约 RM205.5 million 或集团营业额的 61.3%，零售业务则贡献约 RM129.7 million 或 38.7%。在 2024、2025 或 2026 年，没有任何单一客户贡献集团营业额的 10% 或以上。
Sources (5)出处（5）
There is no single customer that contributed 10% or more to the Group’s revenue.
There is no single customer that contributed 10% or more to the Group’s revenue.
In FY2026, the retail segment contributed 38.7% of Group revenue, equivalent to approximately RM129.7 million based on Group revenue of RM335.2 million.
The wholesale segment remained the Group’s larger revenue contributor in FY2026, accounting for 61.3% of Group revenue, equivalent to approximately RM205.5 million.
There is no single customer that contributed 10% or more to the Group’s revenue.
Tan Kim Seng and Tan Kim Chai are brothers. In the 2026 report, Tan Kim Chai holds 131,847,439 shares directly (24.49%) and 2,088,826 shares indirectly (0.39%), while Tan Kim Seng holds 127,054,373 shares directly (23.60%) and 10,435,826 shares indirectly (1.94%).Tan Kim Seng 与 Tan Kim Chai 是兄弟。在 2026 年报中，Tan Kim Chai 直接持有 131,847,439 股（24.49%）并间接持有 2,088,826 股（0.39%），而 Tan Kim Seng 直接持有 127,054,373 股（23.60%）并间接持有 10,435,826 股（1.94%）。
Sources (3)出处（3）
1) Tan Kim Seng and Tan Kim Chai are brothers;
1 TAN KIM SENG 127,054,373 23.60 10,435,826 (a) 1.94
2 TAN KIM CHAI 131,847,439 24.49 2,088,826 (b) 0.39
Shares are also held in pledged securities accounts: Tan Kim Seng has 45,180,000 shares (8.39%) at Alliancegroup Nominees and 21,336,000 shares (3.96%) at Public Nominees, while Tan Kim Chai has 13,333,333 shares (2.48%) at Public Nominees and 8,000,000 shares (1.49%) at Alliancegroup Nominees. Tan Kee Jin and Tan Kee Meng are sons of Tan Kim Seng, while Tan Yon Haw is a nephew of Tan Kim Seng and Tan Kim Chai.部分股份存放于抵押证券账户：Tan Kim Seng 在 Alliancegroup Nominees 抵押 45,180,000 股（8.39%），在 Public Nominees 抵押 21,336,000 股（3.96%）；Tan Kim Chai 在 Public Nominees 抵押 13,333,333 股（2.48%），在 Alliancegroup Nominees 抵押 8,000,000 股（1.49%）。Tan Kee Jin 与 Tan Kee Meng 是 Tan Kim Seng 的儿子，而 Tan Yon Haw 是 Tan Kim Seng 与 Tan Kim Chai 的侄子。
Sources (7)出处（7）
2) Tan Kee Jin is the son of Tan Kim Seng;
3) Tan Yon Haw is the nephew of Tan Kim Seng and Tan Kim Chai;
1) Tan Kee Meng is the son of Tan Kim Seng and brother of Tan Kee Jin; and
3 ALLIANCEGROUP NOMINEES (TEMPATAN) SDN. BHD. 45,180,000 8.39 PLEDGED SECURITIES ACCOUNT FOR TAN KIM SENG (7003782)
8 PUBLIC NOMINEES (TEMPATAN) SDN. BHD. 21,336,000 3.96 PLEDGED SECURITIES ACCOUNT FOR TAN KIM SENG (E-TSA/MSI)
10 PUBLIC NOMINEES (TEMPATAN) SDN. BHD. 13,333,333 2.48 PLEDGED SECURITIES ACCOUNT FOR TAN KIM CHAI (E-TSA/MSI)
11 ALLIANCEGROUP NOMINEES (TEMPATAN) SDN. BHD. 8,000,000 1.49 PLEDGED SECURITIES ACCOUNT FOR TAN KIM CHAI (7005859)
The company transferred its listing from the ACE Market to the Main Market of Bursa Malaysia on 8 May 2023. Director Phang Sze Fui resigned on 30 June 2024.该公司于 2023 年 5 月 8 日由马来西亚股票交易所创业板转至主板上市。董事 Phang Sze Fui 于 2024 年 6 月 30 日辞职。
Sources (2)出处（2）
Ms. Phang Sze Fui was appointed to our Board on 4 September 2018 and resigned on 30 June 2024.
On 8 May 2023, SDS’s progress charted another milestone by successfully attaining a listing transfer from the ACE Market to the Main Market of Bursa Malaysia Securities Berhad (“Bursa Malaysia”).
Revenue by segment, 20262026 年各部门营业额占比
Sources (2)出处（2）
In FY2026, the retail segment contributed 38.7% of Group revenue, equivalent to approximately RM129.7 million based on Group revenue of RM335.2 million.
The wholesale segment remained the Group’s larger revenue contributor in FY2026, accounting for 61.3% of Group revenue, equivalent to approximately RM205.5 million.
Major events大事记
Sources (1)出处（1）
On 8 May 2023, SDS’s progress charted another milestone by successfully attaining a listing transfer from the ACE Market to the Main Market of Bursa Malaysia Securities Berhad (“Bursa Malaysia”).
Sources (1)出处（1）
Tan Yong Thye (Resigned on 21.11.2023)
Sources (2)出处（2）
Ms. Phang Sze Fui was appointed to our Board on 4 September 2018 and resigned on 30 June 2024.
# Resigned as Director on 30 June 2024
Sources (1)出处（1）
@ The Audit Committee and Risk Management Committee were merged into the Audit and Risk Management Committee on 19 July 2024
Sources (1)出处（1）
(b) On 21 July 2025, the Company subscribed 1,000 ordinary shares in London Bakery, representing 100% equity interests in London Bakery for a total cash consideration of RM1,000.
Sources (1)出处（1）
On 30 January 2026, London Bakery entered into a conditional Sale and Purchase Agreement with a third party for the proposed acquisition of a piece of freehold land held under Geran 29534, Lot 900, Mukim Tebrau, District of Johor Bahru, Johor for a total purchase consideration of RM101,701,710.
Sources (1)出处（1）
A significant milestone during the year was the acquisition by SDS Top Baker Sdn. Bhd. of factories, production lines and trademarks from Mamee Bakery Sdn. Bhd. for a total consideration of RM28.0 million.
Sources (1)出处（1）
(a) the Company increased its issued and paid-up share capital from 409,630,765 to 546,173,689 by way of issuance of 136,542,924 new ordinary shares pursuant to the bonus issue exercise
Revenue and profit营业额与盈利
Assets, equity and liabilities资产、权益与负债
20242024 年
Capital expenditure included RM14.4 million for three parcels of land in Mukim Tebrau for future factory expansion. Cash paid for property, plant and equipment was RM34.0 million. Dividends paid to shareholders were RM8.4 million. Repayments of lease liabilities were RM6.0 million, and term loan repayments were RM1.0 million against term loan drawdowns of RM0.6 million.资本支出包括以 RM14.4 million 收购位于 Mukim Tebrau 的三笔土地用于未来扩建厂房。购置物业、厂房与设备的现金支出为 RM34.0 million。向股东支付的股息为 RM8.4 million。偿还租赁负债为 RM6.0 million，偿还定期贷款为 RM1.0 million，定期贷款提取则为 RM0.6 million。
Sources (6)出处（6）
This was largely attributable to the increase in capital expenditures, including the acquisition of three parcels of land at Mukim Tebrau, Daerah Johor Bahru, totalling RM14.4 million for expanding manufacturing facilities in future.
- current financial year (34,003) (14,545) - -
Dividends paid to shareholders of the Company 26 (8,397) (4,077) (8,397) (4,077)
Drawdown of term loans 27(b) 600 1,400 - -
Repayment of term loans 27(b) (952) (12,368) - -
Repayment of lease liabilities 27(b) (6,014) (5,970) - -
20252025 年
Cash paid for property, plant and equipment was RM25.7 million, with another RM1.2 million paid as deposits for future purchases. Dividends paid to shareholders were RM5.5 million. Repayments of lease liabilities were RM6.6 million, and term loan repayments were RM0.8 million against term loan drawdowns of RM0.4 million.购置物业、厂房与设备的现金支出为 RM25.7 million，另支付 RM1.2 million 作为未来采购的定金。向股东支付的股息为 RM5.5 million。偿还租赁负债为 RM6.6 million，偿还定期贷款为 RM0.8 million，定期贷款提取则为 RM0.4 million。
Sources (6)出处（6）
Deposit paid for future purchase of property, plant and equipment (1,178) (293) - -
- current financial year (25,654) (34,003) - -
Dividends paid to shareholders of the Company 27 (5,530) (8,397) (5,530) (8,397)
Drawdown of term loans 28(b) 350 600 - -
Repayment of lease liabilities 28(b) (6,630) (6,014) - -
Repayment of term loans 28(b) (848) (952) - -
20262026 年
The group acquired factories, production lines and trademarks from Mamee Bakery Sdn. Bhd. for RM28.0 million, with RM13.7 million paid during the year. Cash paid for property, plant and equipment was RM24.8 million. Deposits paid for future purchases and land acquisition were RM11.8 million, including a deposit of RM10,170,171 for land in Mukim Tebrau. Dividends paid to shareholders were RM5.4 million, purchase of treasury shares took RM2.4 million, and repayment of lease liabilities took RM7.4 million.集团以 RM28.0 million 向 Mamee Bakery Sdn. Bhd. 收购厂房、生产线和商标，年内支付 RM13.7 million。购置物业、厂房与设备的现金支出为 RM24.8 million。未来采购与土地收购的定金支出为 RM11.8 million，其中包括 Mukim Tebrau 土地的 RM10,170,171 定金。向股东支付的股息为 RM5.4 million，购买库存股支出 RM2.4 million，偿还租赁负债支出 RM7.4 million。
Sources (8)出处（8）
A significant milestone during the year was the acquisition by SDS Top Baker Sdn. Bhd. of factories, production lines and trademarks from Mamee Bakery Sdn. Bhd. for a total consideration of RM28.0 million.
Deposit paid for future purchase of property, plant and equipment (11,815) (1,178) - -
- current financial year (24,752) (25,654) - -
- current financial year (13,710) - - -
Dividends paid to shareholders of the Company 28 (5,446) (5,530) (5,446) (5,530)
Purchase of treasury shares 17(c) (2,411) - (2,411) -
Repayment of lease liabilities 29(b) (7,364) (6,630) - -
A deposit of RM10,170,171, representing 10% of the purchase consideration, has been paid.
Across the three years三年合看
The group presented no debt-to-equity ratio in any of the three reports; cash and bank balances exceeded total external borrowings. Dividend declarations moved from 1.65 sen per share in FY2024 to 1.50 sen in FY2025, and reached RM8.1 million in FY2026 with a payout ratio of 30.3%. In FY2026, the company completed a bonus issue of 136,542,924 new ordinary shares, and repurchased 3,576,700 ordinary shares at an average price of approximately RM0.67 per share.集团在三份年报中均未呈报负债权益比率；现金与银行结余超过外部借款总额。宣布的股息由 2024 财政年度的每股 1.65 仙降至 2025 财政年度的 1.50 仙，并在 2026 财政年度达到 RM8.1 million，派息率为 30.3%。在 2026 财政年度，公司完成了 136,542,924 股新普通股的红股派发，并以平均每股约 RM0.67 的价格回购了 3,576,700 股普通股。
Sources (8)出处（8）
On this note, the dividend declared for FY2024 was 1.65 sen compared to 1.25 sen in FY2023, an increase of 32.0%.
The debt-to-equity ratio of the Group at the end of the reporting period is not presented as its cash and bank balances exceeded the total external borrowings.
Hence, in FY2025, SDS reinforced this appreciation and commitment to shareholder returns by declaring a dividend of 1.50 sen, reflecting a decrease of 9.1% compared to 1.65 sen in FY2024.
The debt-to-equity ratio of the Group at the end of the reporting period is not presented as its cash and bank balances exceeded the total external borrowings.
The total dividend declared in respect of FY2026 amounted to RM8.1 million, representing a dividend pay-out ratio of 30.3% compared with 20.5% in FY2025.
(a) the Company increased its issued and paid-up share capital from 409,630,765 to 546,173,689 by way of issuance of 136,542,924 new ordinary shares pursuant to the bonus issue exercise
During the financial year, the Company has purchased 3,576,700 of its issued ordinary shares from the open market at an average price of approximately RM0.67 per share.
The debt-to-equity ratio of the Group at the end of the reporting period is not presented as its cash and bank balances exceeded the total external borrowings.
Still to be spent尚未支出的承诺
On 30 January 2026, subsidiary London Bakery entered into a conditional Sale and Purchase Agreement to acquire freehold land in Mukim Tebrau for a total purchase consideration of RM101,701,710, with a deposit of RM10,170,171 paid. Downpayments paid for future purchases of property, plant and equipment and land acquisition stood at RM12,247,198. The acquisition of assets from Mamee Bakery Sdn. Bhd. had a total consideration of RM28.0 million, of which RM13.7 million was paid during FY2026.2026 年 1 月 30 日，子公司 London Bakery 签署有条件买卖协议，以总价 RM101,701,710 收购 Mukim Tebrau 的永久地契土地，已支付定金 RM10,170,171。用于未来采购物业、厂房与设备及土地收购的定金结余为 RM12,247,198。向 Mamee Bakery Sdn. Bhd. 收购资产的总代价为 RM28.0 million，其中 RM13.7 million 已于 2026 财政年度支付。
Sources (5)出处（5）
A significant milestone during the year was the acquisition by SDS Top Baker Sdn. Bhd. of factories, production lines and trademarks from Mamee Bakery Sdn. Bhd. for a total consideration of RM28.0 million.
On 30 January 2026, London Bakery entered into a conditional Sale and Purchase Agreement with a third party for the proposed acquisition of a piece of freehold land held under Geran 29534, Lot 900, Mukim Tebrau, District of Johor Bahru, Johor for a total purchase consideration of RM101,701,710.
- current financial year (13,710) - - -
Included in deposits of the Group at the end of the reporting period is an amount of RM12,247,198 (2025 – RM1,216,379) which represents downpayment paid for future purchase of property, plant and equipment and acquisition of land as disclosed in Note 35 to the financial statements.
A deposit of RM10,170,171, representing 10% of the purchase consideration, has been paid.
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 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| RM'000千令吉 | RM'000千令吉 | RM'000千令吉 | RM'000千令吉 | |
| Revenue营业额 | 283,667 | 324,063 | 345,668 | 335,245 |
| Profit before taxation税前盈利 | 32,767 | 43,290 | 44,301 | 34,503 |
| Profit after taxation税后盈利 | 24,837 | 32,886 | 33,655 | 27,036 |
| Profit after tax attributable to owners of the Company归属于母公司业主的税后盈利 | 24,529 | 32,551 | 33,283 | 26,823 |
| Cash and bank balances现金与银行结余 | 27,519 | 29,975 | 44,594 | 27,596 |
| Total assets总资产 | 161,873 | 193,421 | 228,498 | 248,700 |
| Total liabilities总负债 | 57,795 | 64,902 | 72,434 | 73,841 |
| Total equity总权益 | 104,078 | 128,519 | 156,064 | 174,859 |
| Net cash for financing activities融资活动现金净额 | (20,598) | (15,879) | (13,905) | (16,585) |
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 |
|---|---|---|
| Solar renewable energy initiative at two manufacturing plants, with Johor Bahru completed and Seremban in progress (2024)在两家制造厂启动太阳能可再生能源项目，新山厂已完成，芙蓉厂在进行中（2024 年） | The solar project at both Johor Bahru and Seremban was finalised in 2025, generating 1,188,520 kWh of electricity in 2026.新山与芙蓉两地的太阳能项目于 2025 年全部落实，2026 年发电 1,188,520 kWh。Sources (3)出处（3）the Group has embarked on a solar renewable energy initiative at its two existing manufacturing plants - one in Johor Bahru, which has been completed and another in Seremban, which is currently in progress. In line with its dedication to reducing its environmental impact, the Group has launched a solar renewable energy project at its manufacturing facilities at Johor Bahru and Seremban, both of which have been finalised. The system generated 1,188,520 kWh of electricity, of which 1,184,680 kWh was utilised for on-site operations, while 3,840 kWh was exported to the national grid as green electricity. | Completed已完成 |
| To fill the Audit Committee vacancy within three months following the resignation of Phang Sze Fui on 30 June 2024在 Phang Sze Fui 于 2024 年 6 月 30 日辞职后，于三个月内填补审计委员会空缺 | The 2025 report shows only that the Audit Committee and Risk Management Committee were merged into the Audit and Risk Management Committee on 19 July 2024.2025 年报只显示审计委员会与风险管理委员会于 2024 年 7 月 19 日合并为审计与风险管理委员会。Sources (2)出处（2）In conjunction with the resignation of Madam Phang Sze Fui with effect from 30 June 2024, she relinquished her position as Chairperson of Audit Committee, resulting in non-compliance with Paragraph 15.09 of the MMLR, the Company will fill the vacancy within three (3) months. @ The Audit Committee and Risk Management Committee were merged into the Audit and Risk Management Committee on 19 July 2024 | Filling of the vacancy not shown未显示空缺是否填补 |
| Attained BeSS certificates for two outlets, with another three in the pipeline (2024)两家门店获得 BeSS 认证，另有三家在筹备中（2024 年） | Two outlets received BeSS certification from the Ministry of Health in 2025.2025 年有两家门店获得卫生部的 BeSS 认证。Sources (2)出处（2）In FY2024, we have successfully attained BeSS (Clean, Safe and Healthy) certificates from the Ministry of Health Malaysia for two outlets, with another three more in the pipeline this year. In FY2025, our commitment to excellence was further validated when two of our outlets received BeSS (Clean, Safe, and Healthy) certification from the Ministry of Health (“MOH”) Malaysia. | Three more not shown另外三家未显示 |
| Acquisition of three parcels of land in Mukim Tebrau totalling RM14.4 million for expanding manufacturing facilities in future (2024)以总计 RM14.4 million 收购 Mukim Tebrau 的三笔土地用于未来扩建制造设施（2024 年） | The 2026 property list shows industrial land at Mukim Tebrau remains vacant, while the group announced the proposed acquisition of additional land in Tebrau to support longer term production requirements.2026 年产业清单显示 Mukim Tebrau 的工业用地仍为空置，同时集团宣布拟收购 Tebrau 的额外土地以支持长期生产需求。Sources (4)出处（4）This was largely attributable to the increase in capital expenditures, including the acquisition of three parcels of land at Mukim Tebrau, Daerah Johor Bahru, totalling RM14.4 million for expanding manufacturing facilities in future. In addition, the Group announced the proposed acquisition of a strategically located freehold industrial land in Tebrau, Johor Bahru, directly opposite its existing operational facilities. The acquisition of factory lots and production assets for longer shelf-life cakes is expected to enable production and sale of new products in FY2027, while the proposed Tebrau land acquisition and future manufacturing facility are intended to support SDS’s longer term production requirements. G.M. No. 773, MLO 6976, Mukim Tebrau, Johor Bahru, Johor Industrial land/ Vacant | Land remains vacant土地仍为空置 |
| Pursuing development of Bakery Express to cater to demand for quick snacks prepared upon order (2025)推进 Bakery Express 的开发，以满足现点现做快餐小吃的需求（2025 年） | Ready-to-eat products were temporarily repositioned during FY2026, with a new series planned for launch through the Express outlet concept.即食产品在 2026 财政年度期间进行了临时重新定位，计划通过 Express 门店概念推出新系列。Sources (2)出处（2）One innovative offering we are pursuing development is Bakery Express, a relatively new product category to cater to the increasing demand for quick snacks that are prepared upon order. Meanwhile, ready-to-eat products were temporarily repositioned during FY2026, with a new series planned for launch through the Group’s Express outlet concept. | Repositioned; launch planned重新定位；计划推出 |
What the reports leave open年报留下待看的事
- Shareholders' approval and completion of the proposed acquisition of freehold land Lot 900 in Mukim Tebrau for RM101,701,710, on which a deposit of RM10,170,171 was paid.以 RM101,701,710 收购 Mukim Tebrau Lot 900 永久地契土地的股东批准与完成情况，该交易已支付 RM10,170,171 定金。
Sources (4)出处（4）
The proposed acquisition is subject to shareholders’ approval at an extraordinary general meeting to be convened.
On 30 January 2026, London Bakery entered into a conditional Sale and Purchase Agreement with a third party for the proposed acquisition of a piece of freehold land held under Geran 29534, Lot 900, Mukim Tebrau, District of Johor Bahru, Johor for a total purchase consideration of RM101,701,710.
A deposit of RM10,170,171, representing 10% of the purchase consideration, has been paid.
The proposed acquisition is still in progress as at the reporting date.
- Commencement of commercial production targeted for FY2027 at the factories and production lines acquired from Mamee Bakery Sdn. Bhd. for RM28.0 million.以 RM28.0 million 向 Mamee Bakery Sdn. Bhd. 收购的厂房与生产线，目标在 2027 财政年度开始商业化投产的情况。
Sources (3)出处（3）
A significant milestone during the year was the acquisition by SDS Top Baker Sdn. Bhd. of factories, production lines and trademarks from Mamee Bakery Sdn. Bhd. for a total consideration of RM28.0 million.
Commercial production is targeted to commence in FY2027, providing the Group with an additional platform for future growth.
The Group expects to commence production and sale of these products in FY2027, which is anticipated to broaden its product range and strengthen its ability to meet evolving customer demand.
- Valuation of the investment property, whose carrying amount at 31 March 2026 exceeded fair value by approximately RM301,000.投资产业的估值情况，其截至 2026 年 3 月 31 日的账面值较公允价值高出约 RM301,000。
Sources (1)出处（1）
(b) The carrying amount of the investment property as at 31 March 2026 exceeded its fair value by approximately RM301,000.
- Disposal or distribution of 3,971,033 treasury shares held as at 31 March 2026, which increased to 7,844,733 treasury shares in the subsequent analysis of shareholdings.截至 2026 年 3 月 31 日持有的 3,971,033 股库存股的处理或分配，该数字在随后的股权分布表中增至 7,844,733 股。
Sources (2)出处（2）
As at 31 March 2026, the Company held as treasury shares a total of 3,971,033 of its 546,173,689 issued and fully paid-up ordinary shares.
Number of Shares Issued : 546,173,689 (Including 7,844,733 treasury shares)
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-10-17.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 2026-10-17。