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FIAMMA Holdings Bhd, a home appliance maker/distributor, healthcare industry player and property developer is positioning itself for a steadier and more sustainable earnings despite a volatile global environment.
This will be driven by the group’s resilient core operations and strategic expansion across key product categories, according to its group CEO Jimmy Tan Chee Wee.
It comes on the back of Fiamma having delivered a firm set of results for its 1H FY2025 with the group’s pre-tax (PBT) rising about 11% year-on-year (yoy) even though its revenue slipped 2% from the same period last year.
“About 55% of our PBT or around RM30 mil came from non-core contributions. Even so, our underlying trading and services division still recorded 11% PBT growth, a testament that our core business remains profitable and cash-generative,” enthused Tan.
As it is, the group’s Trading & Services segment continues to contribute over 85% of its revenue which Tan credited to Fiamma’s strong stable of brands, nationwide distribution coverage of more than 2,000 touchpoints and consistent investment in product relevance.
Fiamma Holdings Bhd group CEO Jimmy Tan Chee Wee
Tapping air-con market
“We compete on trust and reliability. Malaysian consumers know our brands, and we support them with strong after-sales service and dealer partnerships,” he justified.
“Energy-efficient and smart appliances now form a larger part of our new product introductions.”
Fiamma has recently broadened its home appliance portfolio to include laundry, cleaning and dishwashing solutions. While these categories are still in the early stages, Tan expects them to strengthen the group’s total home-solutions positioning.
“These products leverage the same network and customer base that we’ve built over four decades. Over time, they will enhance revenue diversity and resilience,” he envisages.
Moreover, the group’s entry into the air-conditioner market in July 2025 marks a significant strategic shift.
“It’s a RM3.3 bil market. We are still in the early phase but the nationwide roll-out allows us to tap into a large, fast-growing category,” Tan revealed.
“Our aim is measured penetration and steady market share as we build credibility in this product category that is expected to be a meaningful contributor in the medium term.”
Healthcare segment prospect
Elsewhere, the group’s property division is seeing improved stability, supported mainly by two 30%-owned associate projects which have achieved 50%-90% sales with 15%-20% construction progress.
“As sales and construction milestones progress, we expect steady contributions over the development cycle,” noted Tan.
With Malaysia allocating over RM1 bil to healthcare upgrades in Budget 2026, Fiamma is also seeing strong potential in its healthcare and medical device segment.
“We focus on two pillars – medical devices for hospitals and clinics as well as healthcare devices for consumer and wellness channels. This segment is small today but provides recurring demand and long-term growth visibility,” shared Tan.
He further stressed that Fiamma maintains a conservative financial profile with low gearing and disciplined capital management.
“We grow where we have strength – and diversify when we can add value. The priority is sustainable earnings, better margins and long-term shareholder value,” added Tan.
At 4.17pm, Fiamma was unchanged at RM1.12 with 301,000 shares traded, thus valuing the company at RM594 mil. – Nov 14, 2025
The post Fiamma sees earnings stabilising amid expansion into key home and healthcare categories first appeared on Focus Malaysia.
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