KUALA LUMPUR: Dagang Nexchange Bhd
(DNeX) returned to the black with a net profit of RM12.8mil in the first quarter ended March 31, 2026, compared with a net loss of RM79mil a year earlier.
DNeX said the decline was mainly due to currency translation effects in its energy segment.
Quarterly revenue, however, fell to RM267.5mil from RM296.8mil previously. Earnings per share stood at 0.37 sen versus a loss per share of 2.28 sen in the corresponding quarter last year.
During the quarter, the semiconductor segment posted a profit before tax (PBT) of RM900,000, compared with a loss before tax (LBT) of RM10.2mil in 1Q25, mainly due to lower operating costs.
The energy segment recorded a profit before tax (PBT) of RM11.1mil in 1Q26, down from RM25.4mil a year earlier, mainly due to a foreign exchange loss of RM6.8mil versus a foreign exchange gain of RM7.8mil previously, arising from unfavourable movements in the US dollar and pound sterling.
DNeX said excluding currency translation effects, the segment’s PBT improved marginally to RM17.9mil from RM17.6mil in 1Q25.
Meanwhile, the information technology segment posted a PBT of RM16.7mil in 1Q26, up 12% from RM14.9mil a year earlier, mainly due to lower foreign exchange losses of RM100,000 compared with RM4.8mil in 1Q25.
DNeX said the semiconductor segment is expected to remain resilient, driven by demand from artificial intelligence (AI), high-performance computing, automotive electronics, industrial automation and data centres.
The group added that trends in digitalisation, electrification and advanced connectivity will continue to support semiconductor demand over the medium to long term.
“Through DNeX’s semiconductor business, the group remains focused on strengthening its position within the global semiconductor value chain through operational excellence, technological capabilities, customer diversification and strategic capacity expansion.
“Ongoing investments in advanced manufacturing capabilities, automation, yield improvement initiatives and talent development are expected to enhance competitiveness and support long-term growth opportunities,” it said in a filing with Bursa Malaysia.
DNeX said the energy segment is expected to remain supported by steady global energy demand, ongoing investments in energy infrastructure and higher crude oil prices amid geopolitical and supply concerns.
It added that the IT segment is expected to benefit from ongoing digital transformation initiatives and growing demand for cloud computing, data analytics, system integration, AI and automation solutions across the public and private sectors.
