KUALA LUMPUR: Dagang Nexchange Bhd
’s (DNeX) net profit rose 33.2% to RM26.55il in the second quarter ended June 30, 2026 (2Q26), from RM19.9mil a year earlier.
Revenue increased 8.4% to RM284.81mil from RM262.71mil, while earnings per share rose to 0.76 sen from 0.57 sen.
DNeX said the improved performance was supported by stronger earnings from its semiconductor and information technology (IT) businesses.
The semiconductor segment recorded revenue of RM187.4mil, up 21% from RM155.3mil a year earlier, supported by higher shipment volumes and average selling prices.
The segment posted a pre-tax profit of RM16mil compared with a pre-tax loss of RM28.9mil previously, reflecting higher revenue and improved operating margins.
Its IT segment recorded a 40% increase in pre-tax profit to RM21.7mil from RM15.5mil, while revenue rose 5% to RM42.7mil on increased trade activities and higher transaction volumes.
Meanwhile, the energy segment recorded revenue of RM54.7mil, down from RM67mil, while pre-tax profit fell to RM7mil from RM24.9mil.
DNeX said the energy segment's reported revenue was affected by a stronger ringgit and lower contribution from its downstream business. Excluding currency translation effects, upstream revenue grew 4% year-on-year.
In the first half to June 30, DNeX posted a net profit of RM39.3mil compared with a net loss of RM59.09mil in the corresponding period last year.
Revenue for the six-month period slipped 1.3% to RM552.36mil from RM559.54mil.
DNex said the prior-year results included a one-off, non-cash deferred tax charge of RM105mil related to changes to the United Kingdom Energy Profits Levy.
As at June 30, DNeX had cash balances of RM694.7mil against borrowings of RM167.1mil, giving it a net cash position of about RM527.6mil.
"Our improved earnings reflect the benefits of the strategic consolidation, together with the cost optimisation and integration initiatives across the Group.
“These efforts have strengthened our balance sheet, improved operating leverage and placed the group on a stronger and more resilient footing,” interim officer-in-charge, group chief operating officer and group chief financial officer Vinie Chong Pui Ling said in a statement.
