Nekmat Posts Over RM11 Million Profit

KUALA LUMPUR, July 17 (Bernama) -- The National Fishermen’s Association (NEKMAT) recorded a profit of over RM11 million in 2024, driven by the successful implementation of various economic projects, including logistics and property development.

Agriculture and Food Security Minister Datuk Seri Mohamad Sabu said among the contributing ventures was the opening of a NEKMAT petrol station in Mentakab, Pahang, which boosted the association’s overall earnings.

He added that NEKMAT has also played a vital role in managing subsidised diesel since 1987, with a monthly quota of 51 million litres distributed efficiently and effectively to fishermen.

“The government deeply appreciates NEKMAT’s role in championing the welfare of fishermen. We will continue to work closely with the association and the entire fishing community to ensure their wellbeing is protected, in line with efforts to make the fisheries sector more sustainable,” he said when officiating NEKMAT’s 40th Annual General Meeting here today.

Meanwhile, NEKMAT chairman Abdul Hamid Bahari said the association’s total transactions rose to RM869 million, with a net profit of RM11.38 million, boosting its share capital to RM30.26 million.

“This achievement reflects efficient management and the dedication of NEKMAT’s workforce in implementing various economic projects for the benefit of its members and the wider fishing community,” he said.

He added that major projects include the supply of subsidised diesel, marketing of fish and fisheries products, ice production, fisheries input supply, fishing operations, as well as logistics and property development.

NEKMAT, he said,  also plans to expand its business activities by building new petrol stations and ice plants, large-scale aquaculture ventures — particularly shrimp farming — and investing in the property sector.

“These efforts aim to transform NEKMAT into a modern, efficient and sustainable institution,” he said.

On the welfare front, Abdul Hamid said NEKMAT, through Yayasan Nelayan Malaysia ( (YANEM), provides protection schemes for its members, including education assistance, motivational programmes, and minor scholarships.

“Last year alone, more than RM180,000 was channelled toward education and welfare support for members,” he said.

At the same event, Mohamad also presented contributions to YANEM and awards to NEKMAT’s outstanding student achievers.

-- BERNAMA