ANGKASA Targets 2026 Revenue To Reach Up To RM75 Bln

KUALA LUMPUR, Feb 20 (Bernama) -- Angkatan Koperasi Kebangsaan Malaysia Bhd (ANGKASA) is targeting the cooperative movement’s revenue to continue rising and potentially reach between RM73 billion and RM75 billion in 2026, driven by growing public confidence in the sector.

Its president, Datuk Seri Dr Abdul Fattah Abdullah, said Angkasa expects its 2025 revenue to exceed the RM68 billion achieved in 2024 once all cooperative accounts are closed. 

He said the revenue increase reflects the public’s trust and confidence in cooperatives as a platform for addressing socio-economic issues.

“On average, the Malaysia Cooperatives Commission registers about 1,000 new cooperatives each year. This indicates that the public increasingly understands and sees the potential for cooperatives to grow,” he said when met at the Distribution of Iftar Meal Packs event at the Wisma Bernama lobby today.

Also present at the event were Bernama's chief executive officer Datin Paduka Nur-ul Afida Kamaludin, editor-in-chief Arul Rajoo Durar Raj and Bernama TV head Nor Hamzeela Md Hambali.

Meanwhile, Abdul Fattah said Angkasa has allocated about RM500,000 for corporate social responsibility (CSR) programmes this Ramadan, which include providing iftar meals to media partners and distributing essential household items to those in need.

Earlier, ANGKASA distributed about 300 Ramadan kits to the staff of the Malaysian National News Agency (Bernama).

Abdul Fattah said the distribution symbolised the close relationship between ANGKASA and the media, as well as showing appreciation for the media’s role in promoting the cooperative movement to the public.

“Besides our ties with other media outlets, Bernama also has a cooperative. So, in addition to visiting our media colleagues, we are also visiting cooperative members who are themselves Bernama media colleagues,” he added.

-- BERNAMA