Musical instruments retailer and education group Bentley Music Group Bhd has set next Wednesday, Feb 11, as its tentative date to list on the LEAP Market.

The group, which operates showrooms in Mutiara Damansara, Bukit Bintang, Penang and Johor, is in the midst of expanding into East Malaysia.

Based on its enlarged share base of 250 million shares and a listing preference price of 12 sen per share, the group is valued at RM30 million, based on 11.29 times its net profit of RM2.66 million for the financial year ended June 30, 2025 (FY2025).

Bentley Music, controlled by the Phua family, lists its substantial shareholders that include managing director Datuk Ken Phua (41.4%) and his spouse and executive director Lewis Siu Man Hooper (5.4%), as well as his siblings Phua Yoke Fun (8.1%) and Rachel Phua (8.1%), as well as their mother Yee Kim Yin (27%).

Private investors hold the remaining 10% in the company, following a subscription exercise last November that raised RM3 million.

Of that, RM2 million is earkmarked as "start-up cost to establish a retail showroom in Kota Kinabalu, Sabah or Kuching, Sarawak", the company said in its information memorandum.

Its FY2025 performance saw a 75.9% increase in net profit to RM2.66 million from RM1.51 million in FY2024, as revenue rose 7.35% to RM33.12 million from RM30.87 million. This was thanks to higher sales of grand pianos and sales to corporate customers.

Retail and wholesale sales of musical instruments and sound systems contributed 89.6% of group revenue, with the remaining 10.4% from music education, the information memorandum showed.