Farm Fresh Bhd is optimistic of strong growth in 2025, particularly for its ice cream business.
Its Group Managing Director and CEO Loi Tuan Ee said, “Demand for our products particularly our consumer-packaged goods (CPG) ice cream, has been gaining very strong demand, compelling us to expedite the expansion of our ice cream production capacity at our Taiping plant, a strategic move to ensure that we can meet the demand while waiting for the completion of Enstek plant by end-2025.”
The strong demand for dairy products also accelerates the expansion of its Muadzam Shah dairy farm. The additional 500 acres leased from the Pahang state government will allow it to double its capacity to 6,000 dairy cows, with operations expected to commence by mid-2025.
Meanwhile, in the Philippines, its factory has been operating since September 2024. The company is focused on introducing its chilled, UHT and milk powder products to the Greater Manila market as part of its regional expansion strategy.
In the 3rd quarter ended 31 December 2024, Farm Fresh posted a higher net profit of RM25.9 million (US$5.84 million) compared with RM20.4million (US$4.6 million) last year. For the 9-month cumulative period, Farm Fresh’s net profit almost doubled to RM78million (US$17.6 million), while revenue grew 23.9%.
