PETALING JAYA: Pantech Group Holdings Bhd
remains cautiously optimistic about its outlook for the financial year ending Feb 28, 2026 (FY26), supported by steady demand from the oil and gas (O&G), petrochemical and industrial sectors, even as it navigates softer sales and cost pressures.
The manufacturer and supplier of industrial pipes, valves and fittings said global O&G Capital spending is expected to stay resilient, driven by sustained energy demand, reinvestment in production assets, infrastructure upgrades and decarbonisation initiatives.
“Continued reinvestment in existing production assets, modernisation and infrastructure upgrades, downstream capacity expansion, and ongoing maintenance for asset integrity and decarbonisation initiatives are anticipated to drive steady demand for our products across both domestic and international markets,” it said in a filing with Bursa Malaysia.
For the second quarter ended Aug 31, 2025 (2Q26), Pantech saw a 9.8% decline in revenue to RM227.36mil from RM252.14mil a year earlier.
Net profit fell to RM14.57mil, down 29.7% from RM20.74mil in 2Q25.
The lower revenue and profit before tax were mainly due to lower sales and contribution from both the trading and carbon steel manufacturing divisions.
For the first half of financial year 2026 (1H26), revenue slipped 11.8% to RM448.11mil from RM507.86mil in 1H25.
