Chairman Message

It is with great respect that I present to you the Annual Report for the 2024–2025 fiscal year. This fiscal year has been a remarkable period for G.B.S ASP Company, bringing opportunities for success and business expansion. We are committed to continuing our efforts towards growth and long-term sustainability.

Our company was founded with five main purposes:

  • To help farmers overcome major challenges such as labor shortages.
  • To provide necessary technical support.
  • To assist in solving distribution and market access difficulties.
  • To address challenges caused by climate conditions, such as the inability to plant or harvest on time.
  • To improve the overall living standards of farmers through sustainable support.

We are not only focused on the development of our organization but also on the long-term growth and prosperity of farmers and surrounding communities. With our Board of Directors and strategic approaches, we are systematically working towards greater success.

I am pleased to inform shareholders that in the 2024–2025 fiscal year, our company has been preparing to be listed on the Pre-Listing Board (PLB) of the Yangon Stock Exchange. This step will create more investment opportunities, allow us to secure capital for business expansion, and enable access to bank financing when required.

Myanmar is an agriculture-based country, and the government places high priority on this sector. Our company, therefore, plays a vital role in the agricultural value chain, providing solutions to the challenges faced by farmers and agribusiness operators. We aim to contribute to Myanmar’s productivity, food quality and security, stability, and economic prosperity by delivering innovative and sustainable agricultural solutions. Our vision is to become the most reliable and leading agriculture service provider in Myanmar.

In our operations, we uphold honesty and integrity, support farmers with the necessary assistance to improve their capacity, and strive for mutual benefits. Using technology, best practices, and strong partnerships, we remain dedicated to achieving our goals and responsibilities.

Looking back at the 2024–2025 fiscal year, despite market challenges brought by business expansion, we achieved success through effective strategies and strong management. As a result, the company has maintained financial stability and is well-positioned for future growth.

  • In FY 2023–2024, gross profit was MMK 0.84 billion, and in FY 2024–2025, it increased to MMK 3.33 billion, representing a growth of 293%.
  • Net profit grew from MMK 0.42 billion in FY 2023–2024 to MMK 1.90 billion in FY 2024–2025, also a 293% increase.

This marks the most successful year since the company’s founding. Additionally, we expanded our agricultural product trading business to both domestic and international markets, invited new right issue shares, and increased investments, further strengthening our company’s growth.

Our purpose in doing so is to ensure that investments benefit not only the company but also the farmers, by providing them with greater technological and agricultural support. This aligns with the national economic strategy, particularly the priority to modernize agriculture and livestock production while supporting multi-sectoral economic development.

For shareholders, this means higher returns and a win–win situation for both the company and farmers.

Finally, I want to express my sincere gratitude to all shareholders for their trust and confidence, and to our employees for their dedicated efforts. With continued collaboration, I firmly believe that in the future, G.B.S ASP will become the leading and most trusted provider of agricultural solutions in Myanmar, driving innovation, sustainability, and inclusive growth.

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