GEORGE TOWN: Main Market-listed PGF Capital Bhd
, a leading insulation producer in Southeast Asia, reported an 18.3 per cent year-on-year increase in net profit to RM8.9 million for the first quarter ended May 31, 2026 (1QFY2027), from RM7.5 million previously.
Revenue increased 7.8 per cent to RM43.7 million from RM40.6 million in the corresponding quarter, reflecting continued momentum and resilient demand in its core insulation segment.
In a statement today, it said the insulation segment remained its main contributor, generating RM43.6 million or 99.6 per cent of total revenue, compared with RM40.5 million in 1QFY2026.
PGF Capital executive director and group chief executive officer Fong Wern Sheng said sustained demand from its key markets, particularly Oceania, supported by regulatory-driven energy efficiency standards, was a key driver of the quarter’s results.
"Building on this momentum, the group is actively exploring opportunities to enter new international markets with stringent insulation and energy efficiency regulations, which we believe will provide additional growth avenues and further strengthen our global footprint.
"Looking ahead, our new Kulim plant in Kedah is progressing according to plan, with machinery, gas pipelines and electrical infrastructure installation underway. The plant is expected to be fully operational by 3QFY2027, expanding production capacity to support both domestic and international growth for the insulation segment,” he concluded.
PGF Capital said the group’s balance sheet remains robust, with a net gearing ratio of 0.5 times and net assets per share of RM1.52, alongside net operating cash flow of RM1.34 million for the quarter, underscoring the resilience of its core operations. - Bernama
