Master Tec Group Berhad (“Master Tec” or the “Group”), a manufacturer and distributor of power cables, control and instrumentation cables, as well as a provider of infrastructure and utility services, today announced its financial results for the third quarter ended 30 September 2026 (“Q3 FY2026”), recording a record quarterly profit after tax (“PAT”) of RM10.49 million, the highest since its listing, on record quarterly revenue of RM199.85 million.
The record PAT represents an increase of 21.28% from RM8.65 million in the immediate preceding quarter, and marks the second consecutive quarter of sequential profit growth, with quarterly PAT having nearly doubled from RM5.25 million in Q1 FY2026. Revenue rose by 42.25% from RM140.50 million in Q2 FY2026, mainly attributable to higher contributions from the manufacturing and trading segments, coupled with increased contract revenue recognised during the quarter. Gross profit (“GP”) increased to RM20.69 million from RM14.88 million, supported by higher revenue, while gross profit margin (“GPM”) remained relatively stable at a double-digit level of 10.35%, compared with 10.59% in the preceding quarter, with the slight variation mainly attributable to product mix. Profit before tax (“PBT”) rose by 21.53% to RM14.01 million from RM11.53 million.
Compared with the corresponding quarter of the preceding financial year, revenue increased by 72.53% from RM115.83 million, driven by higher revenue contributions across all three segments. GP rose by 75.64% to RM20.69 million from RM11.78 million, with GPM improving to 10.35% from 10.17% on a more favourable product sales mix. PBT increased by 53.96% to RM14.01 million from RM9.10 million, while PAT rose by 27.46% to RM10.49 million from RM8.23 million. PAT growth was moderated by a normalised effective tax rate of 25.11% in Q3 FY2026, compared with 9.53% in Q3 FY2025 when tax incentives were recognised and utilised. Earnings per share rose to 0.98 sen from 0.84 sen.
The manufacturing segment remained the Group’s principal revenue contributor, recording revenue of RM173.27 million in Q3 FY2026, representing an increase of 58.04% from RM109.64 million in the corresponding quarter of the preceding financial year. The growth was driven by higher sales of the Group’s cable products across the infrastructure, utilities, renewable energy, data centre and industrial sectors.
Meanwhile, revenue from the trading segment increased to RM11.87 million from RM1.02 million, reflecting higher trading activities during the quarter. The contract revenue segment, contributed by Sediacom Sdn. Bhd. (“Sediacom”), recorded revenue of RM14.71 million, representing an increase of 184.47% from RM5.17 million, mainly attributable to higher revenue recognised from contracts and engineering-related works.
For the nine-month financial period ended 30 September 2026 (“9M FY2026”), Master Tec recorded revenue of RM431.51 million, representing an increase of 48.34% from RM290.89 million in the corresponding period of the preceding financial year. GP increased by 35.43% to RM44.88 million and PBT rose by 45.91% to RM32.61 million, while PAT increased by 23.81% to RM24.39 million from RM19.70 million previously. GPM and PAT margin for 9M FY2026 stood at approximately 10.40% and 5.65%, respectively.
Dato’ Lau Kim San, Managing Director of Master Tec Group Berhad, said “We are pleased to deliver our highest quarterly profit as a listed company, achieved on the back of record quarterly revenue approaching RM200 million. All three of our segments grew strongly compared with a year ago, led by our core cable manufacturing business, which continues to benefit from healthy demand across infrastructure, utilities, renewable energy and data centre projects. Our trading and contract revenue segments also contributed meaningfully more this quarter.
“Looking ahead, we will continue strengthening our operational efficiency, production capabilities and product quality, supported by prudent cost management. As at 30 September 2026, the Group had approximately RM13.82 million in approved and contracted capital commitments, including new machinery and equipment as well as a battery energy storage system, in line with our energy efficiency and sustainability initiatives. At the same time, Sediacom will continue to undertake telecommunication and engineering-related works, including horizontal directional drilling and fibre optic infrastructure projects. Barring any unforeseen circumstances, we remain cautiously optimistic on the Group’s prospects for the remaining financial period.”
As at 30 September 2026, Master Tec’s cable manufacturing and distribution business maintained a healthy outstanding order book of RM221.1 million, providing revenue visibility and reflecting continued demand for the Group’s cable products across key sectors, including utilities, infrastructure, construction and renewable energy.
In line with the Group’s commitment to delivering shareholder returns, Master Tec has paid total dividends of RM20.30 million in the financial period to date, comprising a second interim single-tier dividend of 0.99 sen per ordinary share in respect of the financial year ended 31 December 2025, paid on 17 March 2026, and a first interim single-tier dividend of 1.00 sen per ordinary share in respect of the financial year ending 31 December 2026, paid on 9 September 2026.
