KUALA LUMPUR (Aug 19): SAM Engineering & Equipment (M) Bhd (KL:SAM) posted a 60.33% rise in its first-quarter net profit, driven by higher sales from its equipment  and aerospace segments.

Net profit for the three months ended June 30, 2025 (1QFY2026) improved to RM16.2 million from RM10.1 million a year before. Earnings per share stood at 2.39 sen in 1QFY2026, up from 1.49 sen in 1QFY2025, said the company in a bourse filing.

Quarterly revenue increased by 10.85% year-on-year (y-o-y) to RM369.6 million in 1QFY2026 from RM333.41 million.

It did not declare any dividend for the quarter under review.

Higher sales in the equipment segment helped, but lower capacity, more low-margin products and a weaker US dollar limited profits. Profit before tax was RM23.26 million 1QFY2026, up from RM22.34 million last year.

Meanwhile, higher sales at its aerospace segment helped lower loss before tax to RM1.83 million in 1QFY2026, versus a loss before tax of RM6.06 million a year ago.

The company’s equipment segment serves the hard disk drive, solar, semiconductor and LED industries, while aerospace does precision machining of specialised aerospace parts with complex shapes.

SAM Engineering has manufacturing facilities in Malaysia, Singapore and Thailand to provide one-stop solutions to its customers worldwide.

Looking ahead, SAM Engineering said the aerospace industry continues to face supply chain constraints that may impact production ramp-up, it said.

In the semiconductor industry, SAM Engineering said industry trends suggest it is still operating below optimal levels, indicating a slower path to recovery in the short term.

Despite ongoing economic and geopolitical uncertainties, the group maintained a cautiously optimistic view of the long-term prospects for both the aerospace and semiconductor equipment sectors.

Shares in SAM Engineering closed up seven sen or 1.67% to RM4.25 on Tuesday, giving the company a market capitalisation of RM2.88 billion. Over the past one year, the stock has fallen 22%.