Fiamma Holdings Bhd is accelerating its multi-segment expansion to strengthen long-term earnings resilience, backed by solid core operations and rising contributions from new product categories, Group Chief Executive Officer Jimmy Tan Chee Wee said.
For the first half of 2025, Tan shared that the group posted a sharp profit turnaround, with profit after tax surging more than fourfold to RM50.14 million from RM12.52 million a year earlier. The strong performance was driven by stable results from its Trading & Services and Property Development divisions, boosted further by corporate exercises and associate contributions. Revenue came in at RM181.36 million, marginally lower than RM186.03 million previously.
Tan said the Trading & Services segment, Fiamma’s largest revenue contributor with over 2,000 nationwide distribution touchpoints, remains the backbone of the group, supported by trusted brands, strong after-sales capabilities and continued investment in product relevance.
To build new revenue pillars, Tan highlighted that Fiamma has broadened its home-appliance portfolio to include laundry, cleaning and dishwashing solutions, categories poised to strengthen its total home-solutions offering over time.
A major thrust in its expansion roadmap is the group’s entry into the RM3.3 billion air-conditioner market in July 2025.
“We are still in the early phase, but our nationwide rollout positions us to tap a large, fast-growing segment. Our goal is measured penetration and steady market-share gains as we build credibility,” Tan said, adding that this category is expected to be a meaningful contributor in the medium term.
At the same time, Tan also highlighted that Fiamma is also doubling down on healthcare and medical devices, buoyed by Malaysia’s RM1 billion healthcare allocation under Budget 2026. The segment focuses on hospital-grade medical equipment as well as consumer wellness devices, areas offering recurring demand and long-term growth visibility.
“On the property front, the group continues to record steady progress via two 30%-owned associate developments, which have achieved 50%-90% sales and 15%-20% construction progress. These projects are expected to deliver consistent contributions as they advance along the development cycle.
Tan emphasised that Fiamma’s expansion remains anchored on disciplined capital management and a conservative financial profile.
“We grow where we have strength, and diversify where we can add value. Our focus is sustainable earnings, stronger margins and long-term shareholder value,” he said.
