Apollo Food Holdings announced its financial results for the first quarter ended 31 July 2026 whereby the group achieved revenue of RM65.1 million, representing a 10% year-on-year decline from RM72.0 million in the same quarter of the preceding year. The decrease was mainly attributed to slower export sales.
Net profit was similarly impacted, affected by both lower revenue and higher operating costs incurred to support future growth initiatives. For the quarter, the Group recorded a net profit of RM6.4 million, down from RM9.6 million achieved in the previous year’s quarter.
Managing Director of Apollo, Mr. Cheah Jia Ming, said: “We consider our 1Q FY2026 revenue performance to be broadly within our expectations. Although demand in the first and fourth quarters are seasonally softer, our business is also undergoing a transitionary phase on the local front as we continue to strengthen our distribution model by reconfiguring our distribution network in partnership with robust and agile distributors aligned with our long-term growth strategy.
He further added that although this transition has resulted in challenges for our domestic sales this quarter, we are confident it will deliver enduring advantages over time, with preliminary
indicators already demonstrating encouraging momentum. This strategic realignment of our
distribution approach is essential to fuel long-term growth and enable broader market penetration
