KUCINGKO REPORTS PBT GROWTH OF 55.43% IN Q2 FY2024

Strong Financial Performance Primarily Driven by Robust Global Demand for 2D Animation Services

KUALA LUMPUR, 30 AUGUST 2024– Kucingko Berhad (“Kucingko” or the “Group”), the first publicly listed 2D animation production company in Malaysia, has announced its financial results for the second quarter ended 30 June 2024 (“Q2 FY2024”) today with a reported revenue of RM8.51 million for the quarter, contributing to a total revenue of RM15.57 million for the first half of 2024 (“6M FY2024”).

The Group’s revenue growth in Q2 FY2024 was predominantly driven by its core business in 2D animation production, which accounted for approximately 99.8% of the total revenue for the quarter. North American market remained the largest contributor, generating RM7.47 million or 87.73% of the Group’s quarterly revenue.

Kucingko also reported a Profit Before Tax (“PBT”) of RM3.09 million in Q2 FY2024, reflecting an increase of 55.43% compared to RM1.99 million recorded in the preceding quarter (“Q1 FY2024”). The Group’s Profit After Tax (“PAT”) for the quarter was RM2.48 million, marking a 40.74% improvement over the RM1.76 million achieved in the previous quarter.

Mr. See Chin Joo, Executive Director of Kucingko said, “We are pleased with the financial performance in the second quarter of 2024, both in terms of revenue and profitability. Our key international markets, particularly North America, have shown continued strength. Looking ahead, we plan to expand our production capacity in Selangor, Sabah, and Sarawak, alongside the establishment of a sales office in North America. These initiatives are intended to position Kucingko to capture more business opportunities in these regions.”

Mr. Ooi Kok Hong, Executive Director of Kucingko, added, “Our strategy is centered on leveraging our core competencies in 2D animation production to drive future growth. By expanding our technical resources and enhancing our operational infrastructure, we aim to further strengthen our presence both in Malaysia and Southeast Asia.”