KUALA LUMPUR (Nov 20): Malaysian Pacific Industries Bhd (KL:MPI) recorded a 76.1% surge in its latest quarterly earnings, driven by improved profit margins and higher sales.

Net profit for the first quarter ended Sept 30, 2025 (1QFY2026) came in at RM53.05 million against RM30.13 million in the same quarter a year ago.

Quarterly revenue also expanded 22.9% to RM634.84 million from RM516.57 million previously.

MPI declared an interim dividend of 10 sen per share for the quarter in review, payable on Dec 19.

MPI told the stock exchange that revenue for the Asian, US and European markets were up 30%, 23% and 11% respectively.

On prospects, the group expects the global semiconductor market to remain volatile, but it will continue its focus on cost optimisation through automation and process enhancements while sharpening its strategy to improve its market position in renewable energy, electric vehicle and artificial intelligence sectors.

“Currently the group is experiencing strong demand for servers. Barring any unforeseen circumstances, the board expects the performance for the financial year to be satisfactory,” it added.

MPI’s share price closed up 28 sen or 0.9% to RM30.70 on Thursday for a market cap of RM6.12 billion. Year to date, the stock has gained 18.5%.