L&P Global proposes diversifying into FMCG and construction to broaden its revenue base
L&P Global Bhd is evaluating an expansion into fast-moving consumer goods and construction work after its industrial packaging business swung to a loss in the financial year ended 31 Dec 2025. The company plans to seek shareholder approval at a later date, supported by two memorandums of understanding related to FMCG and two conditional acceptances of construction contracts worth RM11.76 million.
Highlights
- L&P Global secured two conditional letters of award for construction subcontracts: RM3.5 million from Taghill Projects and RM8.26 million from Nestcon Builders.
- For FY2025, L&P Global recorded a net loss of RM1.33 million on revenue of RM74.69 million, compared with a net profit of RM11.1 million in FY2024, due to weak demand from the renewable energy sector and the impact of U.S. tariffs.
- L&P Global shares closed up 2.33% at 22 sen, giving the company a market value of RM123.38 million, following the announcement of its diversification initiative into FMCG and construction.
This article was translated from the original. Read the original version by our correspondent here.
Financial performance and potential sector impact
According to The Edge Malaysia, in the construction sector, L&P Global said its general contracting and centralized procurement businesses would enable it to explore opportunities arising from construction-related activities. The two conditional letters of award came from units of Taghill Holdings Bhd and Nestcon Bhd.Taghill Projects Sdn Bhd awarded a conditional subcontract worth RM3.5 million for a fire protection system for a mixed-development project in Melaka, while Nestcon Builders Sdn Bhd issued a conditional subcontract worth RM8.26 million for architectural masonry work on a proposed apartment development in Kuala Lumpur. The official letters of award will be issued after shareholder and/or regulatory approval is obtained.
For FY2025, L&P Global recorded a net loss of RM1.33 million on revenue of RM74.69 million, compared with a net profit of RM11.1 million in FY2024 and RM20.68 million in FY2023. The company said weaker demand for boxes and crates from renewable energy industry customers, largely due to the impact of U.S. tariffs, contributed to the decline. L&P Global shares closed up half a sen, or 2.33%, at 22 sen, giving the company a market value of RM123.38 million.
We recently wrote about Epicon’s NPE2 subcontract, which bolstered the company’s order book in the highway construction segment.
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