Master Tec records third-quarter net profit growth on higher cable sales
The industrial wire and cable manufacturer recorded growth in profit and revenue for the third quarter ended 30 Sept 2026, driven by stronger demand for its cable products. The performance was also supported by higher contributions from the contract revenue segment, as the group maintained its focus on operational efficiency and production capacity.
Highlights
- Master Tec’s net profit for the third quarter ended 30 Sept 2026 rose 16.6% to RM10 million, driven by stronger cable sales.
- Quarterly revenue surged 72.5% to RM199.85 million, while revenue for the nine months ended 30 Sept 2026 rose 48.3% to RM431.51 million.
- Master Tec shares closed one sen, or 0.97%, lower at RM1.02, giving it a market capitalisation of RM1.04 billion after no dividend was declared.
This article was translated from the original. Read the original version by our correspondent here.
Third-quarter performance and growth drivers
According to The Edge Malaysia, as reported in the company’s bourse filing on Thursday, Master Tec Group Bhd’s net profit for the third quarter ended 30 Sept 2026 rose 16.6% to RM10 million from RM8.59 million a year earlier.Quarterly revenue surged 72.5% to RM199.85 million from RM115.83 million previously. No dividend was declared for the quarter under review.
The company said the performance was supported by stronger cable sales in the manufacturing segment. Its contract revenue segment also recorded higher revenue recognition from contracts and engineering-related work.
For the nine months ended 30 Sept 2026, net profit increased 19.3% to RM23.82 million from RM19.97 million in the same period last year, while revenue rose 48.3% to RM431.51 million from RM290.89 million.
Industry outlook and operational focus
Master Tec expects the wire and cable industry outlook to remain supported by ongoing activity in infrastructure, utilities, construction, telecommunications, renewable energy, data centres and industrial sectors.Internally, the group said it would continue to focus on its core business of manufacturing and distributing power, control and communication cables. The company also reiterated its commitment to strengthening operational efficiency, production capabilities and product quality through continuous process improvements, prudent cost management, and investment in machinery, equipment and manufacturing facilities.
Master Tec shares closed one sen, or 0.97%, lower at RM1.02, valuing the group at RM1.04 billion.
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