Evergreen Max Cash Capital Bhd (EMCC), a leading pawnbroking and gold retail group, reported a robust start to its financial year with a 70.3% year-on-year (YoY) jump in revenue to RM45.9 million for the first quarter ended March 31, 2025 (1Q25).
Net profit for the quarter rose 49.7% to RM7 million, compared to RM4.7 million in 1Q24.
The strong results were driven by growth across all of EMCC’s core segments of conventional pawnbroking, retail and trading of gold and luxury products and the rapidly expanding Tawarruq (Islamic pawnbroking) services.
“We are pleased to have begun the new financial year on a strong footing.
“Our strategic emphasis on Islamic pawnbroking is beginning to bear fruit, as reflected in the strong revenue contribution from this segment,” EMCC Executive Director and Group Managing Director Datuk Low Kok Chuan said.
Low shared that as of March 31, EMCC operates 89 outlets nationwide comprising 29 conventional pawnshops and 60 Islamic pawnshops across six states: Kuala Lumpur, Selangor, Negeri Sembilan, Pahang, Perak and Terengganu.
“We’re on track to hit our goal of 100 outlets by the end of 2025. Once our network reaches 100 outlets, we will shift our focus to driving both topline and bottom-line growth,” Low said.
Looking forward, Low shared that the group remains focused on growth and operational efficiency, despite global uncertainties, particularly surrounding US tariffs, which EMCC confirmed have no direct impact on its operations due to the group’s domestic business model.
Media coverage:
1. https://www.businesstoday.com.my/2025/05/22/evergreen-max-cash-capital-1q25-revenue-surges-70-to-rm45-9-million/
2. https://www.kleverstock.live/news-detail-page/20250523/cn/19828
