KUALA LUMPUR: Master TEC Group Bhd
's net profit rose 16.6% to RM10mil in the third quarter ended Sept 30, 2026 (3Q26), from RM8.59mil a year earlier, driven by higher revenue contributions across its business segments.
Revenue surged 72.5% to RM199.85mil from RM115.83mil, mainly supported by stronger sales of cable products and increased trading and contract activities. Its earnings per share rose to 0.98 sen against 0.84 sen a year prior.
The group's manufacturing segment remained its largest revenue contributor, recording a 58% increase to RM173.27mil from RM109.64mil, driven by higher cable sales.
Trading revenue rose to RM11.87mil from RM1.02mil, while contract revenue nearly tripled to RM14.71mil from RM5.17mil, supported by higher revenue recognition from engineering-related works.
For the nine months ended Sept 30, 2026 (9M26), Master Tec’s net profit rose 19.3% to RM23.82mil from RM19.97mil, while revenue increased 48.3% to RM431.5mil from RM290.9mil.
The group attributed the improved performance to higher revenue contributions across all its reportable segments, particularly manufacturing.
On its prospects, Master Tec Group said demand for wires and cables was expected to remain supported by infrastructure, utilities, construction, telecommunications, renewable energy and data centre developments.
“The group will continue to focus on its core businesses in the manufacturing and distribution of power, control, and communication cables under Master Tec Wire & Cable Sdn Bhd, serving the infrastructure, utilities, construction, renewable energy, telecommunications, data centres and other industrial sectors,” it said in the notes accompanying its financial results.
Its telecommunications and engineering business, Sediacom, will continue undertaking horizontal directional drilling and fibre optic infrastructure works.
Barring unforeseen circumstances, the board remains cautiously optimistic about the group's prospects for the remainder of the financial year.
