DailySpaceSorento Capital Berhad
0326 · ACE Market创业板（ACE Market） · annual reports 2025 to 2025, 163 entries read2025 至 2025 年报，共读出 163 条
The company这家公司
Sorento Capital markets sanitary wares under its flagship brand 'Sorento' alongside other proprietary brands 'Mocha', 'Cabana', and 'i-Born', and acts as authorised distributor for foreign brands 'Bravat' and 'Infinity'. Its operations and revenue are mainly confined to Malaysia.Sorento Capital 营销其旗舰品牌“Sorento”以及其他自营品牌“Mocha”、“Cabana”和“i-Born”的卫浴产品，并担任国外品牌“Bravat”和“Infinity”的授权分销商。其业务与营业额主要集中在马来西亚。
Sources (4)出处（4）
The Group markets its products under its flagship brand ‘Sorento’, alongside other proprietary brands, namely ‘Mocha’, ‘Cabana’, and ‘i-Born’.
In addition, the Group serves as the authorised distributor in Malaysia for foreign third-party brands of luxury sanitary wares, namely ‘Bravat’ and ‘Infinity’.
Malaysia 179,167,202 151,545,024 13,900,000 2,250,000
Information about operating segments has not been reported separately as the Group’s revenue, profit or loss, assets and liabilities are mainly confined to a single operating segment.
In FYE 2025, dealers contributed RM118.1 million of revenue, project-based sales contributed RM59.6 million, and online sales contributed RM1.5 million. The group carried 5,613 stock keeping units, with 81.1% marketed under its four in-house brands, and no single customer contributed 10% or more of total revenue.2025 财年，经销商带来 RM118.1 million 营业额，项目销售带来 RM59.6 million，线上销售带来 RM1.5 million。集团拥有 5,613 个库存单位，其中 81.1% 以其四个自营品牌营销，且没有任何单一客户贡献 10% 或以上的总营业额。
Sources (5)出处（5）
For the FYE 2025, we carried a total of 5,613 stock keeping units (“SKU”), with 4,554 product SKUs or 81.1% marketed under our four established in-house brands: ‘Sorento’, ‘Mocha’, ‘Cabana’, and ‘i-Born’.
Dealers 118.1 97.8 20.3 20.8
Project-based sales 59.6 53.1 6.5 12.2
Online 1.5 0.6 0.9 150.0
There was no single customer that contributed 10% or more of the Group’s revenue for the financial year ended 30 June 2025 and 30 June 2024.
LCL Success Sdn. Bhd. holds 516,000,000 shares (60.00%), while Managing Director Loo Chai Lai holds 86,884,187 direct shares (10.10%) pledged under Alliancegroup Nominees (Tempatan) Sdn. Bhd. and 536,016,370 indirect shares (62.33%). Loo Chai Lai is the parent of Executive Director Loo Jing Kai.LCL Success Sdn. Bhd. 持有 516,000,000 股（60.00%），而董事经理 Loo Chai Lai 质押在 Alliancegroup Nominees (Tempatan) Sdn. Bhd. 名下的直接持股为 86,884,187 股（10.10%），间接持股为 536,016,370 股（62.33%）。Loo Chai Lai 是执行董事 Loo Jing Kai 的父亲。
Sources (6)出处（6）
Mr. Loo is the parent of Loo Jing Kai, an Executive Director of Sorento Capital.
Mr. Jayden Loo is the son of Loo Chai Lai, the MD and major shareholder of Sorento Capital.
LCL Success Sdn. Bhd. 516,000,000 60.00 - -
Loo Chai Lai 86,884,187 10.10 536,016,370(1) 62.33
2. Alliancegroup Nominees (Tempatan) Sdn. Bhd. 86,884,187 10.10
Pledged Securities Account for Loo Chai Lai (7005187)
Sorento Capital was listed on the ACE Market of Bursa Securities on 28 October 2024. Before the listing, shares in BBSB and IBSB were transferred to Sorento Capital as part of a restructuring exercise.Sorento Capital 于 2024 年 10 月 28 日在马来西亚证券交易所创业板上市。上市前，作为重组计划的一部分，BBSB 与 IBSB 的股份转让给了 Sorento Capital。
Sources (2)出处（2）
Sorento Capital was successfully listed on the ACE Market of Bursa Securities on 28 October 2024.
In 2024, he disposed of his shares in BBSB and IBSB to Sorento Capital as part of the restructuring exercise pursuant to the listing of Sorento Capital on the ACE Market of Bursa Securities.
Revenue by customer type, FYE 20252025 财年按客户类型划分的营业额
Sources (4)出处（4）
Dealers 118.1 97.8 20.3 20.8
Project-based sales 59.6 53.1 6.5 12.2
Online 1.5 0.6 0.9 150.0
Total 179.2 151.5 27.7 18.3
Major events大事记
Sources (1)出处（1）
In 2024, he disposed of his shares in BBSB and IBSB to Sorento Capital as part of the restructuring exercise pursuant to the listing of Sorento Capital on the ACE Market of Bursa Securities.
Sources (2)出处（2）
Sorento Capital was successfully listed on the ACE Market of Bursa Securities on 28 October 2024.
The IPO successfully raised RM57.4 million in proceeds to catalyse our next phase of growth, while enhancing access to capital markets, elevating our corporate profile, strengthening our industry positioning, and providing further financial flexibility.
Sources (2)出处（2）
• The Penang Facility was disposed of in June 2025.
• Appointed as the exclusive authorised distributor of ‘Infinity’ products in Malaysia.
Sources (1)出处（1）
The Company had on 25 August 2025 declared an interim single-tier dividend of RM0.005 per ordinary share amounting to RM4,300,000 and paid on 19 September 2025.
Revenue and profit营业额与盈利
Total assets, equity and borrowings总资产、权益与借款
20252025 年
The public issue raised RM57.4 million in gross proceeds (RM55,466,265 net of share issuance expenses). Net cash used in investing activities was RM25,634,492, which included RM15,140,642 placed in unit trust funds and RM10,198,257 placed in fixed deposits exceeding three months maturity. Bank borrowings were repaid using IPO proceeds, reducing total borrowings from RM19.2 million to RM6.0 million. Dividends paid totalled RM7,299,000, and an interim dividend of RM0.005 per share amounting to RM4,300,000 was declared.首次公开售股筹集了 RM57.4 million 毛收益（扣除发股费用后净额为 RM55,466,265）。投资活动使用的现金净额为 RM25,634,492，其中包括投入单位信托基金的 RM15,140,642 以及期限超过三个月的定期存款 RM10,198,257。利用 IPO 募集资金偿还银行借款后，总借款由 RM19.2 million 降至 RM6.0 million。已派发股息总额为 RM7,299,000，并宣布派发每股 RM0.005、总额 RM4,300,000 的中期股息。
Sources (10)出处（10）
The IPO successfully raised RM57.4 million in proceeds to catalyse our next phase of growth, while enhancing access to capital markets, elevating our corporate profile, strengthening our industry positioning, and providing further financial flexibility.
Net cash outflow from investing activities widened to RM25.6 million compared to RM3.6 million in the prior year, mainly due to placements in other investments, as well as movement in fixed deposits with maturity period exceeding three months.
Total borrowings* 6.0 19.2
The reduction was mainly due to repayment in loans and borrowings by utilisation of IPO proceeds as well as decrease in trade and other payables mainly due to higher repayment to supplier, dividend payout and decreased in the recognition of accrued purchases in relation to inventories in transit.
The Company had on 25 August 2025 declared an interim single-tier dividend of RM0.005 per ordinary share amounting to RM4,300,000 and paid on 19 September 2025.
Placement of other investment (15,140,642) - (15,140,642) -
Placement of fixed deposits with maturity more than 3 months (10,198,257) - (10,198,257) -
Net cash used in investing activities (25,634,492) (3,608,505) (20,306,555) (600)
Dividends paid (7,299,000) (5,999,000) (4,300,000) -
Proceed from issuance of share capital, net of share issuance expenses 55,466,265 - 55,466,265 -
Across the period回顾期内
Excluding one-off listing expenses of RM3.1 million, profit before tax was RM39.1 million and profit after tax was RM29.3 million. Gross profit margin moved from 42.6% in the prior year to 43.1%. Foreign procurement accounted for 97.4% of total procurement spend, leaving 2.6% sourced locally.扣除 RM3.1 million 的一次性上市费用后，税前盈利为 RM39.1 million，税后盈利为 RM29.3 million。毛利率从上年度的 42.6% 上升至 43.1%。海外采购占采购总额的 97.4%，本地采购占 2.6%。
Sources (3)出处（3）
GP margin edged up to 43.1% from 42.6% in the prior year, supported by price adjustments undertaken during the year as well as improved cost control measures.
Excluding one-off listing expenses of RM3.1 million incurred during the year, PBT and PAT would have stood even higher at RM39.1 million and RM29.3 million, respectively.
As for procurement spend, 97.4% was directed to overseas vendors, compared to 2.6% locally.
Still to be spent尚未支出的承诺
As at 30 June 2025, the group had utilised RM47.9 million (83.4%) of the RM57.4 million IPO proceeds, leaving RM9.5 million unutilised. The remaining proceeds are earmarked for branding and promotional marketing (RM4.9 million) and expanding the dealer network (RM4.6 million). Capital commitments contracted amounted to RM4,835,275.截至 2025 年 6 月 30 日，集团已动用 RM57.4 million 首次公开售股所得中的 RM47.9 million（83.4%），剩余 RM9.5 million 未动用。未动用资金将用于品牌与推广营销（RM4.9 million）以及扩大经销商网络（RM4.6 million）。已签约资本承诺为 RM4,835,275。
Sources (8)出处（8）
Branding and promotional marketing 6.0 10.5 1.1 4.9 Within 36 months
Expansion of dealer network and enhancement of distribution reach 6.0 10.5 1.4 4.6 Within 36 months
Total 57.4 100.0 47.9 9.5
As at 30 June 2025, the Group had utilised RM47.9 million or 83.4% of the total IPO proceeds of RM57.4 million.
Branding and promotional marketing 6,000 1,086 4,914 Within 36 months
Expansion of dealer network and enhancement of distribution reach 6,000 1,425 4,575 Within 36 months
Total 57,350 47,861 9,489
4,835,275 1,941,680 - -
Four years of figures四年数字
Group figures, in RM, as printed in the statements.集团数字，单位令吉，照财务报表所印。
| Group集团 | 2024 | 2025 |
|---|---|---|
| RM令吉 | RM令吉 | |
| Revenue营业额 | 151,545,024 | 179,167,202 |
| Profit before tax税前盈利 | 32,564,978 | 35,967,266 |
| Profit for the financial year净盈利 | 24,428,524 | 26,237,166 |
| Purchase of property, plant and equipment购买物业、厂房及设备 | 1,924,751 | 1,087,549 |
| Dividends paid已付股息 | 5,999,000 | 7,299,000 |
| Total assets总资产 | 142,124,764 | 195,851,116 |
| Loans and borrowings贷款与借款 | 17,312,843 | 2,712,625 |
| Cash and bank balances现金与银行结余 | 8,560,357 | 17,006,414 |
| Fixed deposits with licensed banks持牌银行定期存款 | 3,623,903 | 26,251,231 |
| Total equity总权益 | 65,731,509 | 143,134,940 |
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
Only one annual report has been read so far, so there is no later report to check its plans against.目前只读了一份年报，还没有之后的年报可以对照它的计划。
What the reports leave open年报留下待看的事
- Completion of the new 'Sorento Concept' showroom in Johor, scheduled for completion by the end of 2025 and fully operational in the first quarter of 2026.位于柔佛的新“Sorento Concept”展示厅预计于 2025 年底完工，并于 2026 年第一季度全面投入运营。
Sources (2)出处（2）
Expansion into Johor with a New “Sorento Concept” Showroom
Sorento Concept showroom is scheduled for completion by the end of 2025 and is expected to be fully operational by first quarter of 2026.
- Expansion of product portfolio into plumbing valves, which is currently at an initial market testing and product sourcing stage.将产品组合扩展至管道阀门领域，目前处于市场测试和产品采购的初期阶段。
Sources (2)出处（2）
We are expanding our portfolio to include plumbing valves such as gate valves, angle valves, stop valves, and more, tapping into a largely unbranded market by introducing a reliable and recognisable product line under our brand portfolio.
This initiative is currently in its initial stage, where we are actively testing the market and sourcing suitable products.
- Exploration of opportunities with new project customers including G5 to G7 contractors and architects, which remains at an initial stage.与包括 G5 至 G7 承包商及建筑师在内的星级项目新客户探索合作机会，目前仍处于初期阶段。
Sources (1)出处（1）
During the year, the Group also began exploring opportunities with new project customers, including G5 to G7 contractors as well as architects, which remain at an initial stage but are expected to contribute positively in the future as the project customer base continues to expand.
- Deployment of the remaining RM9.5 million unutilised IPO proceeds earmarked for branding, marketing, and dealer network expansion within 36 months.在 36 个月内动用剩余 RM9.5 million 未动用的首次公开售股所得，用于品牌推广、营销和经销商网络扩张。
Sources (3)出处（3）
Branding and promotional marketing 6.0 10.5 1.1 4.9 Within 36 months
Expansion of dealer network and enhancement of distribution reach 6.0 10.5 1.4 4.6 Within 36 months
Total 57.4 100.0 47.9 9.5
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-10-11.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 2026-10-11。