Cropmate Berhad (Malaysia)

The Company s principal activity is investment holding company and through subsidiary, the company are principally involved in the formulation and blending of conventional and specialty fertilisers as well as trading of straight fertilisers and related products.
2018 - The company incorporated and commenced business in the formulation and blending of conventional and specialty fertilisers with 1 blending production line for blended fertilisers and 2 blending-compacting production lines for compacted and semi-organic fertilisers. The blending production line has a production capacity of approximately 80,000 tonnes per annum while the 2 blendingcompacting production lines have a collective production capacity of approximately 100,000 tonnes per annum. During the same year, the company started selling range of compacted fertilisers based on standard formulations and made first sales of compacted fertilisers, CM 44B to a trading company in Selangor, Malaysia. The company started selling range of blended fertilisers based on our formulations to cater to the various nutrient requirements for plantations such as oil palm plantations. The company made first sales of blended fertilisers, BB44 to a trading company in Selangor, Malaysia. The company also started trading straight fertilisers to a trading company in Selangor, Malaysia. The company started to offer customised formulations of fertilisers to meet the specific requirements of our customers and made first sale of customised formulation of blended fertilisers to a customer in Selangor, Malaysia for use in oil palm plantations.
2019 - The company made first export sale where the company supplied compacted fertilisers to a trading company in Cambodia. The compacted fertilisers supplied were formulated based on the customer's specifications. Since then, the company continued to have sales from Cambodia within the Financial Periods Under Review. The company expanded range of compacted fertilisers to include 3 additional standard formulations namely, CM 125B, CM NK and CM 123 mainly for oil palm plantations. In addition, the company expanded range of specialty fertilisers to include CM Miracle 6663 under sub-brand “CM Miracle” series of semi-organic fertilisers to address the nutrient requirements for orchards mainly durian orchards.
2020 - The company further expanded range of specialty fertilisers to include 3 additional formulations namely CM Miracle 308, CM Miracle 10/4/25 and CM Miracle Compost under the sub-brand of “CM Miracle” mainly for orchards. CM Miracle Compost is first organic fertiliser and the company made first sales to a durian orchard in Selangor, Malaysia. The CM Miracle Compost is mainly for orchards.
2021 - The company further expanded range of specialty fertilisers to include 2 additional formulations namely CM Miracle PMG Bio-Plus 1510 and CM Miracle King under the sub-brand of “CM Miracle” which are mainly for orchards. The CM Miracle PMG Bio-Plus 1510 is first specialty fertiliser which comprises inorganic and organic matter, biostimulants, phosphorus acid and EDTA. The company expanded range of compacted fertilisers to include an additional standard formulation namely CM 1022.
2022 - The company further expanded range of specialty fertilisers to include 4 additional formulations namely CM Miracle 70:30, CM Miracle 80:20, CM Miracle Green and CM Miracle Blue under CM Miracle series mainly for orchards.
2023 - The company delivered first specialty fertilisers for use in oil palm plantations in Sandakan, Sabah through sales to a customer based in Selangor. The expanded range of specialty fertilisers to include liquid fertiliser namely CaNBo 818 under the sub-brand of “CM Miracle” mainly for orchards. During the same year, the company made first sale of liquid fertilisers for foliar application to a trading company in Selangor, Malaysia. The company set-up an additional blending-compacting production line for compacted and semi-organic fertilisers with a production capacity of approximately 50,000 tonnes per annum. As at the LPD, the company have 4 blending-compacting production lines of which 3 are used for the production of compacted and semi-organic fertilisers, while 1 is used for the production of blended and organic fertilisers.
On 3 April 2023, the Group declared a single-tier final dividend of RM1 .60 per ordinary share, amounted to RM4,000,000 in respect financial year ended 31 December 2022 which was paid on 17 April 2023. The final dividend was declared based on 2,500,000 number of ordinary shares in issue on 10 April 2023.
On 24 October 2023, the Group entered into a Sales and Purchase Agreement ( SPA ) to acquire a piece of freehold industrial land held under title bearing GM 23073 for Lot 179010 (formerly known as H.S.(M) 53644 for Lot 8949), Mukim and District of Klang, State of Selangor Darul Ehsan with postal address of Lot 8949, Jalan T elok Gong KS/10, T elok Gong, 42000 Pelabuhan Klang, Selangor Darul Ehsan for a total consideration of RM16,300,000.
On 24 October 2023, the Group entered into a SPA to acquire a piece of leasehold land held under H.S.(MJ 58011 for PT 152572 (formerly known as Lot 8950), Mukim and District of Klang, State of Selangor Darul Ehsan with postal address of Lot 8950, Jalan Telok Gong KS/7 0, Telok Gong, 42000 Pelabuhan Klang, Selangor Darul Ehsan for a total of RM13,500,000
On 24 October 2023, the Group entered into a SPA to dispose a piece of leasehold land held under title bearing H.S.(D) 164202 for PT 152624, Mukim and District of Klang, State of Selangor Darul Ehsan with postal address of Lot 51, Jalan Sungai Chandong 26/KS11, Kawasan Perindustrian Pulau lndah (Phase 3 Pulau lndah), 42920 Pelabuhan Klang, Selangor Darul Ehsan at total disposal price of RM 11,400,000.
On 30 October 2023, the Group entered into a Conditional Share Sale Agreement to acquire the entire equity interest of Cropmate Fertilizer Sdn. Bhd. comprising of 2,500,000 ordinary shares for a total purchase consideration of RM32,399,994.
On 23 February 2024, the Group declared a final single-tier dividend of RM 1.60 per ordinary share, amounted to RM4,000,000 in respect of financial year ended 31 December 2023 which was paid on 4 March 2024. The final dividend was declared based on 2,500,000 number of ordinary shares of Cropmate Fertilizer Sdn. Bhd. in issue on 29 February 2024.
On 8 March 2024, the Group entered into a Supplemental Share Sale Agreement with Cropmate Fertilizer Sdn. Bhd. to alter the purchase consideration for the acquisition of the entire equity interest of Cropmate Fertilizer Sdn. Bhd. based on the adjusted net assets of the Cropmate Fertilizer Sdn. Bhd. as at 31 December 2023.
On 5 December 2024, the Group has been listing in Bursa Malaysia.