DailySpaceFarmiera Berhad
0378 · ACE Market创业板（ACE Market） · annual reports 2025 to 2025, 433 entries read2025 至 2025 年报，共读出 433 条
The company这家公司
Farmiera is an integrated poultry company in Malaysia. It operates 15 broiler farms (9 owned and 6 rented) in Selangor and Negeri Sembilan, with a combined capacity of approximately 1.8 million broilers per production cycle, supported by 47 contract farms across Peninsular Malaysia. Poultry processing is carried out at two facilities in Ipoh and Lukut, with capacity to process approximately 45,000 broilers daily.Farmiera 是马来西亚的一家综合家禽企业。公司在雪兰莪和森美兰经营 15 间肉鸡养殖场（9 间自置，6 间租用），每生产周期合计产能约为 1.8 million 只肉鸡，并由遍布西马的 47 间合约养殖场提供支持。家禽加工业务在怡保和芦骨的两个设施进行，合计每日可加工约 45,000 只肉鸡。
Source: annual report 2025, page 24.出处：2025 年年报第 24 页。
In 2025, revenue from poultry farming and poultry processing accounted for 50.2% and 49.8% of total revenue, respectively. The group operates solely in Malaysia. Revenue from one customer represented approximately RM93,605,976 of total revenue.2025 年，肉鸡养殖和肉鸡加工业务分别占总营业额的 50.2% 与 49.8%。集团全部在马来西亚经营。来自单一客户的营业额占总营业额约 RM93,605,976。
Source: annual report 2025, pages 35, 183.出处：2025 年年报第 35、183 页。
Asas Juara Sdn. Bhd. is the immediate holding company, holding 333,000,000 shares or 74.00% of the company, and HHS Global Sdn. Bhd. is the ultimate holding company. Hong How Seng holds an indirect interest in 333,000,000 shares. Among other substantial or nominee accounts, Affin Hwang Nominees (Tempatan) Sdn. Bhd. holds 11,000,000 shares (2.44%) in a pledged securities account for Ong King Seng, and CGS International Nominees Malaysia (Tempatan) Sdn. Bhd. holds 3,928,400 shares (0.87%) in a pledged securities account for Heng Siew Yen.Asas Juara Sdn. Bhd. 是直接控股公司，持有公司 333,000,000 股或 74.00% 股份，HHS Global Sdn. Bhd. 是最终控股公司。Hong How Seng 间接持有 333,000,000 股。在其他主要或名义账户中，Affin Hwang Nominees (Tempatan) Sdn. Bhd. 在 Ong King Seng 的抵押证券账户下持有 11,000,000 股（2.44%），CGS International Nominees Malaysia (Tempatan) Sdn. Bhd. 在 Heng Siew Yen 的抵押证券账户下持有 3,928,400 股（0.87%）。
Source: annual report 2025, pages 110, 114, 195, 196.出处：2025 年年报第 110、114、195、196 页。
Three directors' profiles disclose no family relationship with any director or major shareholder of the company. The board was formed on 3 March 2025, and Farmiera was listed on the ACE Market on 12 November 2025. Ng Hock Tiam resigned on 13 August 2025.三名董事的简介披露与公司任何董事或主要股东均无亲属关系。董事会于 2025 年 3 月 3 日成立，Farmiera 于 2025 年 11 月 12 日在创业板上市。Ng Hock Tiam 于 2025 年 8 月 13 日辞任。
Source: annual report 2025, pages 11, 12, 15, 42, 93, 110.出处：2025 年年报第 11、12、15、42、93、110 页。
Revenue by segment, 20252025 年各分部营业额占比
Source: annual report 2025, page 35.出处：2025 年年报第 35 页。
Major events大事记
Source: annual report 2025, pages 109, 139.出处：2025 年年报第 109、139 页。
Source: annual report 2025, page 139.出处：2025 年年报第 139 页。
Source: annual report 2025, pages 24, 42.出处：2025 年年报第 24、42 页。
Source: annual report 2025, page 113.出处：2025 年年报第 113 页。
Revenue, profit and operating cash营业额、盈利与营运现金
Assets, borrowings and equity资产、借款与权益
20252025 年
In 2025, Farmiera raised RM29.3 million through the public issuance of 117.0 million shares at RM0.25 per share. Net drawdown of loans and borrowings was RM30.3 million, and proceeds from disposal of property, plant, and equipment were RM2.3 million. Capital expenditures were RM54.3 million, mainly for property, plant, and equipment. Net placement in other investments was RM11.0 million in AHAM-managed funds. Interest paid was RM5.6 million, and lease liabilities payments were RM2.6 million. The board decided not to recommend a dividend for 2025.2025 年，Farmiera 通过以每股 RM0.25 发行 117.0 million 股筹得 RM29.3 million。贷款与借款净提取额为 RM30.3 million，脱售物业、厂房及设备所得款项为 RM2.3 million。资本支出为 RM54.3 million，主要用于物业、厂房及设备。净存放于 AHAM 管理基金的其他投资为 RM11.0 million。已付利息为 RM5.6 million，租赁负债付款为 RM2.6 million。董事会决定不建议派发 2025 年股息。
Source: annual report 2025, pages 24, 38, 41.出处：2025 年年报第 24、38、41 页。
At year end截至年末
At year end, total borrowings stood at RM106.6 million, comprising RM53.4 million of conventional financing and RM53.2 million of Islamic financing. Freehold lands and building structures with a carrying amount of RM73,093,236 were pledged as security to secure loans and borrowings. Biological assets amounted to RM20,260,586. The group gearing ratio was 1.14 times, and a subsidiary was required to maintain a gearing ratio of 2.50 times to comply with a bank covenant.截至年末，总借款为 RM106.6 million，包括 RM53.4 million 传统融资与 RM53.2 million 伊斯兰融资。账面值为 RM73,093,236 的永久地契土地及建筑物已抵押作为贷款与借款的担保。生物资产达 RM20,260,586。集团负债比率为 1.14 倍，一家子公司按银行公约规定须将负债比率维持在 2.50 倍以内。
Source: annual report 2025, pages 136, 179, 187, 192.出处：2025 年年报第 136、179、187、192 页。
Still to be spent尚未支出的承诺与募集资金
The group entered into capital commitments amounting to approximately RM32.5 million. Of the RM29.25 million gross proceeds raised from the initial public offering, RM11.0 million remained unutilised and was placed in AHAM funds pending eventual use.集团已签署的资本承诺约为 RM32.5 million。在首次公开募股筹集的 RM29.25 million 总收益中，有 RM11.0 million 尚未动用，在最终使用前存放于 AHAM 基金中。
Source: annual report 2025, pages 36, 38, 104.出处：2025 年年报第 36、38、104 页。
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 | 2024 | 2025 |
|---|---|---|
| RM'000千令吉 | RM'000千令吉 | |
| Revenue营业额 | 561,065 | 615,210 |
| Profit before tax税前盈利 | 11,797 | 14,590 |
| Profit after tax税后盈利 | 7,002 | 8,196 |
| Net cash from operating activities营运活动所得现金净额 | 13,721 | 1,853 |
| Total assets总资产 | 194,796 | 262,702 |
| Total borrowings总借款 | 71,019 | 106,626 |
| Loans and borrowings (non-current)贷款与借款（非流动） | 59,081 | 88,922 |
| Loans and borrowings (current)贷款与借款（流动） | 31,523 | 31,925 |
| Cash and bank balances现金与银行结余 | 26,229 | 16,469 |
| Other investments其他投资 | 0 | 11,017 |
| Total equity总权益 | 57,183 | 93,465 |
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
- Parent Stock Farm 2 and the hatchery project are targeted for completion in the fourth quarter of 2026.第二种鸡养殖场（Parent Stock Farm 2）和孵化场项目预计于 2026 年第四季度完工。
Source: annual report 2025, page 24.出处：2025 年年报第 24 页。
- Of the initial public offering proceeds, RM11.0 million remained unutilised.在首次公开募股募集资金中，尚有 RM11.0 million 未动用。
Source: annual report 2025, pages 36, 104.出处：2025 年年报第 36、104 页。
- Insurance claims remain in progress for the fire on 14 February 2026 that destroyed three chicken houses with capacity of approximately 100,000 broilers per cycle.针对 2026 年 2 月 14 日烧毁三间鸡舍（每周期约 100,000 只肉鸡产能）的火灾，保险理赔仍在进行中。
Source: annual report 2025, pages 31, 113.出处：2025 年年报第 31、113 页。
- One customer represented approximately RM93,605,976 of total group revenue in 2025 (2024: RM93,255,605).单一客户在 2025 年占集团总营业额约 RM93,605,976（2024 年：RM93,255,605）。
Source: annual report 2025, page 183.出处：2025 年年报第 183 页。
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-10-30.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 2026-10-30。