KUALA LUMPUR: Press Metal
Aluminium Holdings Bhd’s net profit has climbed to RM801mil in the second quarter ended June 30, 2026 (2Q26) from RM483.58mil in the same period last year.
Revenue also surged 11.9% to RM4.69bil from RM4.19bil previously, driven by higher realised metal prices during the quarter under review.
In a filing with Bursa Malaysia, the company said its group’s profit before tax has increased by RM510.81mil or 78.9% to RM1.16bil in 2Q26 from RM647.47mil in 2Q25, mainly driven by the stronger realised metal price and lower alumina cost consumed despite lower profit contributions from its associated companies.
Meanwhile, the group reported that in the first half of financial year 2026 (1H26), its net profit strengthened to RM1.43bil from RM945.35mil in 1H25, while revenue increased to RM8.79bil from RM8.09bil previously.
In a statement, group chief executive officer Tan Sri Paul Koon expressed confidence in the group’s prospects, underpinned by its competitive cost structure, portfolio of low-carbon aluminium products and integrated operations.
“Despite macroeconomic uncertainties, geopolitical risks and inflationary pressures weighing on global demand sentiment, the prevailing supply deficit continues to provide support to aluminium prices,” he said.
Koon added that the supply imbalance arising from aluminium production curtailments in the Middle East is gradually easing as affected smelters progressively resume operations.
“Nevertheless, the global aluminium market is expected to remain relatively tight, as new capacity, particularly in Indonesia, will take time to fully ramp up.
“At the same time, continued disruptions in the Middle East and along the Red Sea are keeping supply chains and freight costs elevated, while supporting regional premiums.”
