Executive Summary
Ritamix Global Limited delivered a standout QQ2 2025 performance with a clear YoY revenue acceleration and meaningful margin stability in a capital-light, highly liquid balance sheet. Revenue reached MYR 64.35 million for the quarter ended 2025-06-30, up 104.6% year over year, supported by volume growth and product mix in the animal feed additives and human food ingredients portfolio. Gross profit was MYR 14.08 million, yielding a gross margin of 21.88%, while EBITDA stood at MYR 6.00 million and operating income at MYR 5.06 million, translating into an operating margin of 7.86%. Net income of MYR 5.21 million produced a net margin of 8.09% and an EPS of MYR 0.0112.
The company benefits from a highly liquid balance sheet, with current ratio of 10.52x, quick ratio of 7.71x, and a cash ratio of 2.86x, alongside a debt ratio of 0.97% and a debt-to-equity of 0.0106x, indicating minimal leverage and strong balance sheet resilience. The payout ratio stands at 5.3%, with dividend yield recorded at 0% in the dataset, suggesting a capital retention posture rather than income distributions in QQ2 2025.
From a profitability and efficiency perspective, ROA is ~3.40%, ROE ~3.72%, and ROCE ~3.61%, with asset turnover around 0.421x. The company operates with a modest cash conversion cycle of approximately 85 days (DSO ~36.8 days, DIO ~64.8 days, DPO ~16.5 days), reflecting working capital dynamics typical of a commodity-influenced agricultural supply business. Although management commentary is not available in this dataset, the reported YoY improvements imply positive demand dynamics and effective cost control during the quarter. Investors should monitor raw material prices, feed ingredient margins, and any shifts in regulatory or currency conditions impacting Malaysia-anchored operations.
Key Performance Indicators
Key Insights
Revenue: MYR 64,346,998 for QQ2 2025, YoY +104.60%, QoQ 0.00% | Gross Profit: MYR 14,081,000, Gross Margin 21.88% YoY +110.51% | Operating Income: MYR 5,054,998, Operating Margin 7.86% YoY +254.36% | Net Income: MYR 5,205,000, Net Margin 8.09% YoY +181.28% | EPS: MYR 0.0112, YoY +187.18% | EBITDA: MYR 6,002,000, EBITDA Margin 9.30% | Pretax Margin: 11.28% | Effective Tax Rate: 30.2% | Weighting Observations: Weighted Average Shs 466,816,143; EPS Diluted 0.0112.
Liquidity and Leverage: Current ...
Financial Highlights
Revenue: MYR 64,346,998 for QQ2 2025, YoY +104.60%, QoQ 0.00% | Gross Profit: MYR 14,081,000, Gross Margin 21.88% YoY +110.51% | Operating Income: MYR 5,054,998, Operating Margin 7.86% YoY +254.36% | Net Income: MYR 5,205,000, Net Margin 8.09% YoY +181.28% | EPS: MYR 0.0112, YoY +187.18% | EBITDA: MYR 6,002,000, EBITDA Margin 9.30% | Pretax Margin: 11.28% | Effective Tax Rate: 30.2% | Weighting Observations: Weighted Average Shs 466,816,143; EPS Diluted 0.0112.
Liquidity and Leverage: Current Ratio 10.52x, Quick Ratio 7.71x, Cash Ratio 2.86x | Leverage: Debt Ratio 0.97%, Debt-to-Equity 0.0106x, Long-term Debt 0 | Cash Flow and Returns: Operating Cash Flow per Share 0, Free Cash Flow per Share 0, Cash per Share MYR 0.0788 | Valuation Multiples: P/E 6.98x, P/B 1.039x, P/S 2.26x, Enterprise Value Multiple 18.33x, Price Fair Value MYR 1.039 | Dividend: Payout Ratio 5.30%, Dividend Yield 0.00%
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
64.35M |
104.60% |
0.00% |
| Gross Profit |
14.08M |
110.51% |
0.00% |
| Operating Income |
5.05M |
254.36% |
0.00% |
| Net Income |
5.21M |
181.28% |
0.00% |
| EPS |
0.01 |
187.18% |
0.00% |
Key Financial Ratios
operatingProfitMargin
7.86%
Management Commentary
No QQ2 2025 earnings call transcript is available in the provided dataset; as a result, no management quotes or theme-specific highlights can be extracted from a transcript. If a transcript becomes accessible, we will extract themes by category (strategy, operations, market conditions) and provide context for each quote.
Forward Guidance
No explicit forward guidance is provided in the supplied data for QQ2 2025. Based on the quarter's performance and industry context, several drivers could shape the trajectory: (1) continued demand for animal feed additives and nutrition formulations in Malaysia and ASEAN regions, (2) favorable operating leverage if revenue momentum is sustained, (3) potentially modest capital deployment given a strong balance sheet and negligible debt, and (4) macro concerns including commodity price volatility, currency fluctuations (MYR), and regulatory changes affecting feed additive usage. Management commentary (when available) should address targets for revenue trajectory, margin sustainability, and any anticipated changes to product mix or customer concentration. Investors should monitor: quarterly revenue growth cadence, gross margin stability amid input costs, and any capex or working capital changes that could alter cash generation.