HSS Holdings’ Q2 2026 results were impacted by a one-off RM2.90 million IPO listing expense, meaning the reported RM2.37 million loss before tax would have been an adjusted profit of about RM0.50 million without this cost. Revenue fell 46.5% quarter-on-quarter to RM25.74 million, mainly due to the shift from the festive-driven Q1 peak to a seasonal off-peak period. For the first half, Malaysia remained the main market at 68% of revenue, while overseas sales contributed 32%, and the sourcing segment was the largest revenue contributor at 65.8% in Q2

Overall revenue mix looks pretty healthy, with Malaysia still being the main contributor at 68%, while overseas markets chip in a solid 32%. On the business side, the Sourcing segment remains the key revenue driver, contributing 65.8% in Q2. Overall, a good mix of strong local demand and growing exposure to overseas markets

The Board remains highly optimistic about HSS Holdings’ future due to the strong growth potential of the Malaysian bakery market, which is projected to grow at a 7.8% CAGR and reach RM34.8 billion by 2030. To capitalize on this growth, the company plans to use its new capital to install a new biscuit production line, upgrade its cookie production lines, automate backend processes, and establish an advanced automated cake production line