Zixin Group’s net profit more than doubles to $5m in H1 FY2026
Zixin Group Holdings Limited reported a 105.5% increase in net profit for H1 FY2026, reaching $5.0m compared to $2.4m in H1 FY2025. Revenue grew 40.8% YoY to $68.4m, driven by higher sales of processed and fresh sweet potatoes. Gross profit increased 28% to $20.6m, despite a decline in gross margin to 30.2%. Net assets rose 2.8% to $183.4m, and cash balances increased 45.5% to $82.6m. The company plans to raise $26.6m through a share option exercise and expand capacity and launch new products in FY2026.
Processed product sales lifted earnings despite margin decline.
Zixin Group Holdings Limited reported a 105.5% increase in net profit after tax for H1 FY2026, reaching $5.0m (RM 16.1m) compared with $2.4m (RM 7.8m) in H1 FY2025.
Revenue grew 40.8% year on year (YoY) to $68.4m (RM 220.6m), driven by higher sales of processed sweet potato products and fresh sweet potatoes. Gross profit increased 28% to $20.6m (RM 66.6m), whilst gross margin declined to 30.2% from 33.2% due to higher raw material costs and depreciation from new equipment.
Net assets attributable to shareholders stood at $183.4m (RM 591.5m) as at 30 September 2025, up 2.8% from $178.4m (RM 575.6m) at 31 March 2025. Cash balances rose 45.5% to $82.6m (RM 266.5m), while net cash value increased 73.3% to $58.2m (RM 187.7m). Working capital strengthened to $96.0m (RM 309.7m).
The company has undertaken a share option fundraising exercise expected to raise approximately $26.6m. Expansion plans include capacity increases and new product launches in FY2026.
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