KUALA LUMPUR: Glostrext Bhd
posted its strongest annual financial performance since listing for the financial year ended March 31, 2026 (FY26), driven by higher project activity in Singapore and Malaysia as well as contributions from its expanded business segments.
The geotechnical instrumentation and testing service provider said net profit rose 43.1% to RM9.89mil, or earnings per share of 2.40 sen in FY26 from RM6.91mil, or 1.69 sen a year earlier, while revenue increased 57.8% to RM55.16 mil from RM34.95 mil previously.
“The improved performance was mainly attributable to stronger contributions from the core pile instrumentation and static load test services segment, coupled with higher operational activities across ongoing projects,” it said.
The pile instrumentation and static load test services division remained the group’s largest revenue contributor, accounting for RM34.47mil or 62.5% of total revenue, compared with RM26.78mil previously.
Meanwhile, the structural and ground instrumentation and monitoring services segment contributed RM7.27mil, up from RM5.9mil a year earlier.
Glostrext also recorded stronger contributions from its newer business segments involving the provision, distribution and maintenance of UPS systems, as well as the provision and distribution of alternators and accessories, following the acquisition of Powertecs.
The group said the additional business segments had expanded its revenue base and strengthened business diversification efforts.
Singapore remained the group’s largest market, contributing RM30.66mil or 55.6% of total revenue, supported by ongoing infrastructure projects.
Revenue from Malaysia more than doubled to RM24.42mil, driven by stronger domestic project activities and the full-year contribution from the Powertecs business.
Managing director Ir. Dr. Lee Sieng Kai said FY26 marked a significant milestone for Glostrext Group.
“This is our best annual performance since listing and reflects the strength of our operations, successful execution of our growth strategies and continued demand for our specialised engineering solutions in both Singapore and Malaysia,” he said.
In the fourth quarter ended March 31, Glostrext Bhd posted a lower net profit of RM1.08mil compared with RM1.44mil a year earlier, while revenue rose 13.7% to RM11.1mil from RM9.76mil, supported by higher contributions from its principal business segments.
On prospects, Lee said Glostrext’s investments in research and development, as well as its Singapore expansion plans funded by IPO proceeds, had started to yield results both commercially and technologically.
He noted that the group’s WiNA-platform-based Automated Maintained Load Test system (WiNA-aMLT) has progressed into active commercial deployment, particularly in Singapore projects, validating the group’s focus on automation and innovation.
Lee added that the integration of Powertecs is expected to strengthen the group’s long-term earnings prospects, supported by growing demand for mission-critical and dependable power solutions.
