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- CUCKOO Malaysia (as defined below) recorded an unaudited revenue of RM296.3 million and profit for the period of RM27.8 million, underpinned by its strong brand presence, effective business model, and omni-channel distribution network.
- Recently, the Healthy Home Creator has shared that the Company’s initial public offering (“IPO”) has been oversubscribed by 1.42 times.
- The company is set to be listed on the Main Market of Bursa Securities on 24 June 2025.
KUALA LUMPUR, 19 June 2025 – CUCKOO International (MAL) Berhad (“CUCKOO Malaysia” or “the Company”), a "Healthy Home Creator", has announced its unaudited financial result for its first quarter ended 31 March 2025 (“Q1FYE25”), where the Company reported a total revenue of RM296.3 million, profit before tax (“PBT”) of RM38.1 million and profit for the period of RM27.8 million.
There are no available comparative figures for the immediate preceding quarter as this is the first interim financial report announced by the Company ahead of its upcoming listing on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Malaysia”) on 24 June 2025.
In terms of segmentation, 80.0% of total revenue was contributed by the CUCKOO-branded segment at RM237.0 million, while CUCKOO Co-Created segment contributed 19.7%, or RM58.3 million.
Mr. Hoe Kian Choon, Non-Independent Executive Director and Chief Executive Officer of the Company said, “CUCKOO Malaysia’s performance in Q1FYE25 underscores the effectiveness of our business model, the strength of our brand presence, and the success of our omni-channel distribution strategy across both Malaysia and Singapore. We are operating in a highly conducive environment for growth, with the number of households increasing at a faster rate than the population — a trend that directly supports demand for home appliances and wellness solutions. At the same time, rising household debt is driving a shift in consumer preference toward rental options, which aligns strongly with our resilient rental business model.”
According to Frost & Sullivan GIC Malaysia Sdn Bhd (“Frost & Sullivan”), the rental industry of home appliances and household goods is expected to expand at a 5-year CAGR of 9.9% between 2024 and 2029 with the current market penetration being low at only 10% - 15% of the total home appliances and household goods market, indicating an opportunity for the rental model to expand within the home appliances and household goods industry in the coming years.
Mr. Hoe further added, “To capture this demand, we will strategically allocate capital to fund our expansion. This includes expanding our product SKUs and home care service offerings while strengthening our distribution network through the introduction of CUCKOO cash-and-carry Brandshops, increased product availability on our e-commerce platforms, and the recruitment of more sales personnel nationwide. Operationally, we are enhancing scalability and efficiency by investing in logistics capabilities, warehouse management systems, and IT infrastructure. These investments will not only streamline our operations but also position us to serve a significantly larger customer base across the region.”
“Our efforts also reflect our commitment to sustainable growth and long-term value creation. By continuing to capitalise on favourable market conditions and emerging trends in home wellness, CUCKOO Malaysia remains well-positioned to solidify our leadership and drive meaningful impact in every household we serve.”
Recently, the Company’s public issue portion which was made available to the Malaysian public via balloting was oversubscribed by a rate of 1.42 times, with a total of 7,908 applications for approximately 69.33 million shares. Following the balloting of applications for the Issue Shares under the Retail Offering, CUCKOO Malaysia is on track to be officially listed on the Main Market of Bursa Malaysia on 24 June 2025 and will be open for trading at 9:00 a.m. on the same day.
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About CUCKOO International (MAL) Berhad (“CUCKOO Malaysia”)
CUCKOO Malaysia is a Healthy Home Creator dedicated to fostering healthier lifestyles for its customers through its home appliances, household goods, skincare and nutritional food products, and home care services. The Company is principally involved in the trading and rental of home appliances, mattresses and furniture, the trading of beauty care products, provision of home care services, and investment holding activities. It is also the sole and exclusive distributor of CUCKOO-branded products in Malaysia, Singapore and Brunei. CUCKOO Malaysia offers a diverse range of solutions across four business segments: CUCKOO-branded, CUCKOO Co-Created, WonderLab and WonderDewi, and WonderKlean — covering home appliances, household goods, skincare and nutritional food products, and home care services. The Company is committed to creating a positive social impact in the communities where it operates, to raise living standards of communities in need, in line with its vision to be a “Healthy Home Creator”.
