Market Mover | Life Water Berhad Surged Over 36% on Its IPO Debut

Significantly, Life Water Berhad published its financial report for the first quarter of FY25 on 8th November. The report revealed that the company's revenue for the quarter reached RM42.59 million, with a net profit of RM7.5 million and earnings per share (EPS) of 2 sen.

On 2nd July 2024, the Group declared an interim single tier dividend of RM0.597 per ordinary share amounting to RM4,000,000 in respect of the financial year ended 30 June 2024, which was paid on 15 July 2024 and 17 July 2024.

Life Water Berhad, incorporated in Malaysia on 20th January 2023, operates as an investment holding entity with subsidiaries focusing on beverage manufacturing, including drinking water and carbonated drinks. It also supports its operations with plastic packaging and distribution centers. Headquartered in Sandakan, the company has additional facilities in Kota Kinabalu and markets its products under brands like "K2," "Sasa," "Sabah Water," "2more," and "TRITONiC." It also offers contract manufacturing for private label drinking water brands, serving clients such as petrol stations, hypermarkets, wholesalers, and hotels.

The funds raised, totaling RM63.42 million. The company plans to establish an additional drinking water line at Sandakan Sibuga Plant 1, purchase a manufacturing line for Sandakan Sibuga Plant 2, set up a second distribution center in Sandakan, expand plastic packaging facilities in Kota Kinabalu, supplement working capital, and cover listing expenses. These initiatives aim to enhance production capacity, distribution efficiency, and operational flexibility.