KUALA LUMPUR: Tex Cycle Technology (M) Bhd
is sharpening its focus on e-waste, expanding its compost and organics recovery initiatives, and enhancing oil and gas waste treatment capabilities at its Telok Gong facility, according to group chief executive officer Gary Dass Anthony Francis.
“These initiatives are aligned with Malaysia’s increasing emphasis on environmental compliance and net-zero aspirations, and position Tex Cycle to capture rising demand for ESG-driven waste management and renewable energy solutions,” he said in a statement.
In the first quarter ended March 31, the waste management and recycling solutions provider saw its net profit jump 68.7% to RM3.55 mil, or earnings per share of 1.32 sen, from RM2.1 mil, or 0.74 sen, a year earlier.
Revenue surged 132% to RM20.6 mil from RM8.9 mil in the corresponding quarter last year.
Tex Cycle said its recovery and recycling division remained the group’s key revenue driver, recording RM18.4mil in revenue for 1Q26 compared with RM6.6mil a year earlier.
The group added that the trading division also posted higher revenue, while the renewable energy division continued contributing through its solar feed-in-tariff plant and corporate renewable energy power purchase agreement projects.
Gary Dass said the group had started FY26 on a strong footing, with performance reflecting the continued scaling of its recovery and recycling division following the integration of Meridian World Sdn Bhd.
“The Group’s stronger revenue base demonstrates the value of our expanded capabilities, particularly across specialised waste streams and higher-value environmental solutions.”
Looking ahead, Tex Cycle remains optimistic on the scheduled waste management sector, supported by stronger regulatory enforcement, rising ESG adoption and Malaysia’s sustainability agenda.
The group said it will continue expanding its capabilities in high-value waste streams, including e-waste, compost and organics recovery, and oil and gas waste treatment, while strengthening its renewable energy platform to support long-term growth.
