KUALA LUMPUR: Westports Holdings Bhd
recorded a 47% surge in net profit in the first quarter ended March 31, 2026, to RM326.5mil from RM222.46mil in the year-ago quarter on the back of higher container revenue.
Quarterly revenue climbed 44% to RM896.28mil as compared to RM621.3mil in the same quarter in 2025. Operational revenue during the quarter was RM752.99mil, up 27% from RM591.81mil in the year ago quarter.
Earnings per share rose to 9.54 sen form 6.52 sen previously.
In a stock exchange filing, the group said fuel costs are expected to increase materially if the current elevated spot price persists as it uses unsubsidised diesel and reference Platts as its benchmark for purchasing price.
It opined that sustained high global energy price would also transmit inflationary pressures across global economies, reducing consumers’ purchasing power and stressing governments’ fiscal positions, thereby necessitating austerity measures that could tilt economies into a recession.
Meanwhile, container shipping is also altering its port calls and diverting boxes as they avoid sailing through the Strait of Hormuz.
"The company is still maintaining its single-digit positive container throughput
growth rate for now, given the opaque visibility, but will provide updated guidance should the challenging conditions persist further or if volume eases materially," it said.
