KUALA LUMPUR: Vstecs Bhd
’s net profit for the second quarter ended June 30, 2026 (2Q 2026) increased 50 per cent to RM30.31 million from RM20.17 million in the same period a year ago, underpinned by strength across all business segments.
Revenue jumped 31.7 per cent to RM1.08 billion from RM818.87 million previously, attributed to higher sales from all three business segments, namely information and communications technology (ICT) distribution, enterprise systems and ICT services, the company said in a filing with Bursa Malaysia today.
Vstecs said its ICT distribution revenue increased by 19.6 per cent across all major product categories except consumables, supplies and tablets, while its enterprise systems revenue rose by 46.2 per cent across all major product categories except storage and commercial desktop personal computers, and its ICT services revenue went up by RM12 million due to higher revenue from cloud services.
For the first six-month period, Vstecs’ net profit rose to RM53.19 million from RM37.92 million for the same period in 2025, while revenue increased to RM2.13 billion from RM1.51 billion previously.
Chief executive officer JH Soong said the company is pleased to deliver another quarter of strong growth across all its business segments despite facing several external headwinds in recent months.
"The global ICT industry continues to experience shortages of central processing units and memory chips, resulting in higher component costs and longer lead times, and this is expected to persist over the short to medium term.
"Looking further ahead, we remain optimistic. Although current supply constraints and pricing pressures are expected to persist in the near term, we believe these are temporary challenges and that the long-term growth outlook for the ICT industry remains compelling,” he added.
He said the company is confident in its ability to navigate these near-term challenges effectively while continuing to capture the growth opportunities supported by a strong balance sheet, disciplined execution, robust internal operating systems and an entrenched position within the technology ecosystem. - Bernama
