The joy of grocery shopping starts with you. At JY88, we bring fresh, quality groceries right to your fingertips — because convenience should never come at the cost of freshness.
Pickup & Delivery — Coming Soon!
Skip the queues and let us do the heavy lifting. Your groceries, your way.
Introducing JY88 Rooms — your personal grocery companion. Shop smarter with exclusive recipes, coupons, live streams, and one-tap reorder buttons, all designed to make every grocery run a pleasure :)
Enjoy the experience.
— The JY88 Family
JY 88 Grocery Sdn. Bhd.
Financial Statement for the Year Ended 31 March 2025
Corporate Information
Board of Directors
Low Jun Yang
Wong Chee Keong
Secretary
Palaniappan A/L Sellappan (LS No. 0003071)
Auditors
LKT & Associates (AF 002169), Chartered Accountants, Puchong, Selangor
Registered Office
Unit B-3A-22, 4th Floor, Block B, Ativo Plaza @ Damansara Avenue, No. 1, Jalan PJU 9/1, Bandar Sri Damansara, 52200 Kuala Lumpur
Office Operations
No. 12A, Jalan Puteri 2A/8, Bandar Puteri Bangi, 43000 Kajang, Selangor
Banking Partners
Public Bank Berhad · AmBank Berhad · CIMB Bank Berhad · Malayan Banking Berhad
Directors' Report
Principal Activity
Sales and supply of grocery foods, rice, flours, sugar, and cooking oils. No significant change in principal activity during the year.
Profit for FY2025
RM 590,104 — Directors confirm no material or unusual transactions affected operating results.
Dividends & Shares
No dividends paid or declared. No new shares or debentures issued. No share options granted during the year.
Directors in office: Low Jun Yang and Wong Chee Keong, each holding 250,000 shares (500,000 total), unchanged from 01 April 2024 to 31 March 2025. Directors' fees for FY2025 totalled RM 480,000. Auditors' remuneration: RM 16,000. Retiring auditors Messrs. LKT & Associates have indicated willingness to be re-appointed.
Statement by Directors & Statutory Declaration
The directors of JY 88 Grocery Sdn. Bhd. state that the accompanying financial statements are drawn up in accordance with Malaysian Private Entities Reporting Standard (MPERS) and the Companies Act, 2016, so as to give a true and fair view of the financial position and performance as at 31 March 2025.
Low Jun Yang — Director
Statutory Declaration: I, Low Jun Yang (990101107321), the director primarily responsible for financial management, solemnly declare the financial statements to be correct, by virtue of the Statutory Declarations Act, 1960. Declared at Kuala Lumpur, 07 Jan 2026.
Wong Chee Keong — Director
Signed on behalf of the Board of Directors at Kuala Lumpur on 07 Jan 2026.
Independent Auditors' Report
Opinion: In our opinion, the financial statements give a true and fair view of the financial position of JY 88 Grocery Sdn. Bhd. as at 31 March 2025, and of its financial performance and cash flows for the year, in accordance with MPERS and the Companies Act, 2016.
Basis for Opinion
Audit conducted per approved standards in Malaysia and International Standards on Auditing. Sufficient and appropriate audit evidence obtained.
Independence
Independent in accordance with the By-Laws of the Malaysian Institute of Accountants and the IESBA Code of Ethics.
Directors' Responsibilities
Directors are responsible for preparation of financial statements giving a true and fair view, and for internal controls to prevent material misstatement.
Auditors' Responsibilities
To obtain reasonable assurance that financial statements are free from material misstatement due to fraud or error, and to issue an opinion accordingly.
LKT & Associates
NO. AF: 002169 · Chartered Accountants · Puchong · Date: 07 Jan 2026
Lee Kok Tein
Approval No. 03196/01/2026 J · Chartered Accountant
Statement of Financial Position
As at 31 March 2025 — Total Assets grew from RM 1,362,597 (2024) to RM 3,711,992 (2025), reflecting strong business expansion.
Assets
Equity & Liabilities
Statement of Comprehensive Income
For the financial year ended 31 March 2025 — Revenue nearly doubled year-on-year, driving a significant increase in profitability.
Revenue
Up from RM 7.3M in FY2024
Gross Profit
Up from RM 875K in FY2024
Net Profit
Up from RM 338K in FY2024
Profit Before Tax
Admin expenses: RM 735,899; Finance costs: RM 88,437
Statement of Changes in Equity & Cash Flows
Changes in Equity
Cash Flow Summary
Notes to the Financial Statements
Property, Plant & Equipment
Total cost RM 286,813; net carrying amount RM 252,890. Additions include motor vehicle (RM 146,870) and renovation (RM 56,000). Motor vehicle under hire purchase: net book value RM 129,735. Depreciation rates: Cold room & Furniture 10%, Motor vehicle 20%, Renovation 10%.
Inventories, Receivables & Cash
Grocery goods inventory: RM 497,479 (2024: RM 397,567), valued at lower of cost or net realisable value using FIFO. Trade receivables: RM 1,304,904; credit terms 30–90 days. Cash at banks: RM 1,636,719.
Borrowings
Term loan secured balance: RM 1,261,647 (current portion RM 70,588); interest at 3.50% plus base lending rate. Hire purchase payable: RM 121,802 (present value); short-term borrowings total RM 85,094.
Income Tax
Current year tax: RM 129,637 (2024: RM 62,349). Effective rate reconciliation: statutory tax RM 122,356 plus non-deductible expenses RM 7,281. Closing tax liability: RM 190,629. Financial statements authorised for issue 07 Jan 2026.
Detailed Expenditure Summary
For the financial year ended 31 March 2025. Key administrative cost drivers include directors' fees (RM 480,000), staff salaries (RM 100,800), and office rental (RM 72,000). The company employs 3 staff as at year-end.
JY88 - a unit of METAXCHANGE.AI