KUALA LUMPUR: EP Manufacturing Bhd
(EPMB) posted a sharp rise in net profit to RM5.15mil in the second quarter ended June 30, 2026 (2Q26), from RM277,000 a year earlier, as revenue climbed to its highest quarterly level in at least a decade.
Revenue surged 66.6% to RM212.7mil, its highest quarterly level since at least 2016, from RM127.7mil a year earlier, while earnings per share rose to 1.80 sen from 0.10 sen.
EPMB attributed the stronger performance to the ramp-up of its automotive localisation partnerships with Chinese carmakers.
“Our strong performance reflects the depth of our operational execution and continued progress across our strategic growth initiatives.
“In 2Q26, we announced that automotive production volumes under our collaborations with GWM, SAIC-MG and XPENG have surpassed 1,000 vehicles per month. We expect further growth as new models enter production and exports ramp up across ASEAN and other international markets,” executive chairman Hamidon Abdullah said in a statement.
In the first six months of 2026, EPMB’s net profit surged to RM6.7mil from RM1.05mil a year earlier, while revenue jumped 47.2% to RM372.9mil from RM253.2mil.
Hamidon said the results reflected stronger operational execution and progress across the group’s growth initiatives.
“In June, we began construction of our new vehicle painting facility in Pegoh, Melaka,” he said.
Hamidon said the facility would further EPMB’s transformation into a vertically integrated automotive manufacturing partner for global car companies.
The group has also secured new component programmes for upcoming Proton and Perodua models, which together with its seat manufacturing business, are expected to support further growth.
EPMB said it was working towards establishing a one-stop automotive manufacturing hub serving global automotive brands and supporting Malaysia’s ambitions as a regional automotive production and export centre.
