Bathroom and kitchen sanitary ware provider Sorento Capital Berhad has announced a 17.4% increase in net profit for the financial year ending 30 June 2026, reaching RM30.8m. This marks the second consecutive year of record profit for the company, attributed to an improved gross profit margin and enhanced operational efficiency.
The Group’s revenue for FY26 rose by 2.6% to RM183.9m, primarily due to higher project-based sales. Dealer sales contributed RM112.6m, whilst project-based channels added RM70.1m, together accounting for 99.3% of total revenue. Online sales made up the remaining 0.7%.
Managing Director Loo Chai Lai expressed satisfaction with the results, stating, “We are pleased to deliver yet another strong set of results, marking our second consecutive year of record net profit notwithstanding a competitive operating environment.” Looking ahead to FY2027, the Group plans to focus on operational efficiency and brand strengthening, alongside pursuing new business development initiatives.
In the fourth quarter, Sorento Capital reported a 13.6% year-on-year increase in revenue to RM49.2m, with profit after tax rising 5.3% to RM8.3m. The company has declared an interim dividend of 0.50 sen per share for FY2027, with a total dividend payout of 1.25 sen per share for FY26, exceeding its policy of distributing at least 30% of net profit.
Sorento Capital remains in a strong financial position, with a net cash balance of RM39.8m. Additionally, the company has received approval to transfer its listing to the Main Market of Bursa Malaysia, effective 28 August 2026.
