SENAI: Farm Price Holdings Bhd, a Johor-based 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 for the financial year ending Dec 31, 2026 (FY26).
This marks the group’s first dividend since its May 2024 listing.
The 0.6 sen single-tier interim dividend amounts to approximately RM2.7 million and will be paid on Nov 11, 2026 to shareholders whose names appear in the record of depositors on Oct 19, 2026.
Managing director Dr Lawrence Tiong Lee Chian said the maiden dividend reflects confidence in the group’s financial performance and cash flow position, and underscores commitment to delivering sustainable returns to shareholders as we continue our growth journey on the Main Market of Bursa Malaysia.
“This also demonstrates the financial discipline we have maintained in our operations, and we intend to continue rewarding our shareholders with regular dividends in the future, subject to the group’s cash flow position and capital requirements,” he said.
Separately, the group has obtained the necessary approvals from the relevant authorities to expand its Senai Centralised Distribution Centre, adding 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.
“We 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 our continued growth,” Tiong said.
