PETALING JAYA: Johor-based Farm Price Holdings Bhd, wholesaler and distributor of fresh vegetables, food and beverage (F&B) products and other groceries, has declared a single-tier interim dividend of 0.6 sen per ordinary share in respect of the financial year ending Dec 31, 2026 (FY26).
This marks the group’s first dividend since its listing in May 2024.
The 0.6 sen single-tier interim dividend translates to a total dividend payout of anout RM2.7 million and will be paid on Nov 11 to shareholders whose names appear in the Record of Depositors at the close of business on Oct 19.
Managing director Dr Lawrence Tiong Lee Chian said, “The maiden dividend reflects our confidence in the group’s financial performance and cash flow position, and underscores our commitment to delivering sustainable returns to our shareholders as we continue our growth journey on the Main Market of Bursa Malaysia Securities.”
He added that this also demonstrates the financial discipline they have maintained in their operations, and they intend to continue rewarding their shareholders with regular dividends in the future, subject to the group’s cash flow position and capital requirements.
Separately, Farm Price has obtained the necessary approvals from the relevant authorities for the expansion of its Senai Centralised Distribution Centre, which adds about 71,000 square feet of built-up area. Fit-out work is currently underway, followed by the installation of machinery and equipment.
The group aims to commence full operations at the expanded facility in the first quarter of 2027. Once operational, the expanded facility will support the rising demand from Malaysia and Singapore, strengthen the group’s cold-chain infrastructure and increase its capacity to process pre-packed and ready-to-cook vegetable products.
“With the expansion, our enlarged Senai Centralised Distribution Centre has a total built-up area of about 150,000 square feet, including approximately 67,000 square feet dedicated to cold room facilities. The additional space is timely as we prepare for the anticipated demand growth ahead of the Chinese New Year festive celebration in February 2027,” said Tiong.
He added they expect the expanded facility to begin contributing positively to the Group’s financial performance for the financial year ending Dec 31, 2027 while providing a stronger platform for their continued growth.
