EcoWorld Malaysia achieved RM4.07 billion sales in FY2024, the Group's highest ever, exceeding its RM3.5 billion sales target by 16%.

Revenue and gross profit for FY2024 increased by 1.4% and 13.3%, respectively, compared to FY2023. Gross profit margin improved from 24.2% FY2023 to 27.0% in FY2024.

Net cash generated from operating activities in FY2024 amounted to RM890.0 million. This is 56% higher compared to FY2023 and close to 3 times the Group's FY2024 PAT.

The Group's Malaysian Operations contributed PAT of RM343.1 million. This is a record high for EcoWorld Malaysia, mainly due to improvement in gross profit margins of its subsidiaries.

Profit after Tax (PAT) for FY2024 (after taking into account Eco World International Berhad's loss and a RM38.0 million impairment of investment in 4Q 2024) was RM303.5 million which is 60.3% higher than FY2023.

The Board of Directors has declared a final dividend of 2 sen per share, bringing total dividends declared for FY2024 to 6 sen per share.

Dato' Chang Khim Wah, President & CEO: FY2024 has been a phenomenal year for EcoWorld Malaysia. Total sales breached the RM4 billion mark and our Malaysian operations recorded PAT of RM343.1 million, both record highs for the Group. The sales and profit achieved in FY2024 are the result of concerted efforts made over the years to: Continuously digitalise our operations and improve processes, resulting in faster turnaround times and more efficient and effective use of resources which have successfully contained operational and overhead costs