GEORGE TOWN: Main Market-listed PGF Capital Bhd
, a leading insulation producer in South-East Asia, reported an 18.3% year-on-year increase in net profit to RM8.9mil for the first quarter ended May 31, 2026 (1Q27), from RM7.5mil previously.
Revenue increased 7.8% to RM43.7mil from RM40.6mil in the corresponding quarter, reflecting continued momentum and resilient demand in its core insulation segment.
In a statement, it said the insulation segment remained its main contributor, generating RM43.6mil or 99.6% of total revenue, compared with RM40.5mil in 1Q26.
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.
It 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.
