KUCHING: Pansar Bhd has recorded a 13 per cent growth in group revenue to RM276.1 million in first quarter ended June 30, 2025 (1Q2026) from RM244.4 million a year ago, thanks to the strong performance of its construction arm.
Despite the double-digit increase in group turnover, group net profit only rose marginally to RM6.95 million (1Q2025:RM6.88 million).
Company’s earnings per share, however, decreased to 1.36sen from 1.39sen.
In the current quarter under review, the construction & infrastructure segment posted a 36.4 per cent jump in revenue to RM139.3 million as compared to RM102.1 million in the preceding corresponding quarter on the back of stronger execution of on-going projects, driving the segment operating profit higher by 44.9 per cent to RM2.72 million, Pansar said in explanatory notes to its financial results.
The marine & industrial segment generated revenue of about RM56 million, building & construction materials segment RM44.2 million, mechanical & electrical segment RM15.7 million, electrical & air conditioning segment RM11.9 million, agro engineering segment RM9.3 million and heavy equipment segment RM5.6 million.
As compared to the immediate preceding quarter (4Q2025), Pansar delivered improved earnings in the current quarter under review as group pre-tax profit jumped to RM10.8 million (RM3.5 million) despite lower revenue of RM276.1 million (RM285.8 million).
“The improvement was mainly driven by lower impairment losses on inventories and intangible assets, net impairment gains from financial assets and higher other operating income due to foreign exchange gain.
These were partially offset by a decline in gross profit due to lower revenue,” said Pansar.
Commenting on prospects, Pansar said the expansion of the sales and services tax (SST) is expected to impact the group’s profit margins and lead to uncertainties in the near term.
“The external environment, such as tariffs, remains challenging. We continue to be focused on delivering our on-going projects on time and within budget while managing risks and inflation,” added the company.
Meanwhile, BLD Plantation Bhd reported higher group net profit of RM5.39 million in first quarter ended June 30, 2026 (1Q2026) against RM4.54 million a year ago as group revenue climbed sharply to RM493.6 million from RM426.6 million or up by RM67 million.
This drove earnings per share higher to 5.76sen per share from 4.86sen per share.
The company attributed the earnings growth to the combined effects of higher average selling price and higher sales volumes of palm products.
However, as compared to the immediate preceding quarter (4Q2025), group pre-tax profit of RM8.4 million recorded in the current quarter was sharply lower than RM37.5 million in the preceding quarter because of the unfavourable changes in the fair value of biological assets.
On prospects, BLD said: “The palm oil industry remains challenging due to production constraints, shifting global trade dynamics and volatility in the commodity market.
“The group remains focused on its operational efficiency, including its replanting programme, by exercising prudent management of capital and resources,” it added.
