WF Holding Reports 70% Revenue Growth to $3.5M for H1 2025
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 31 2025
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Source: Newsfilter
- Significant Revenue Growth: WF Holding reported a revenue increase of 70.09% to $3.5 million for H1 2025, primarily driven by the completion and delivery of several high-value projects, indicating strong market demand and growth potential.
- Rising Cost of Sales: The cost of sales surged by 86.68% to $2.3 million, representing 66.03% of revenue, which aligns with the revenue increase but highlights the cost pressures faced during expansion.
- Declining Gross Margin: Gross profit rose by 45.03% to $1.2 million; however, the gross margin decreased from 39.83% to 33.97% due to rising production wages and subcontracting costs, suggesting a need for cost optimization to maintain profitability.
- Significant Net Loss: The company incurred a net loss of $320,544 for H1 2025, a 246.56% decline from a net income of $218,705 in the same period last year, reflecting challenges in profitability amid rapid expansion, necessitating attention to future financial health.
Analyst Views on WFF
About WFF
WF Holding Limited is a manufacturer of fiberglass reinforced plastic (FRP) products based in Malaysia. Its products range from tanks, pipes, ducts, gratings and other custom-made FRP products. It sells a range of FRP products, including filament wound and molded tanks, thermoplastic tanks, lining products, ducting and fitting products, air pollution control equipment and custom-made products. It offers delivery, installation and repair and maintenance services, and on-site consultation services. Its products include FRP Filament Wound and Molded Tanks, FRP Thermoplastic Tanks, FRP Lining, FRP Ducting and Fitting, FRP Air Pollution Control Products, and FRP Custom Made Products. It offers services to supplement its FRP manufacturing activities, including on-site consultation services, delivery and installation, and repair and maintenance services. It provides durable FRP products to various industries, including chemical processing, water and wastewater treatment, and power generation.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
