KUALA LUMPUR (Nov 21): Master Tec Group Bhd (KL:MTEC) saw a 43.9% increase in its latest quarterly earnings, attributed to its manufacturing segment and high demand for low-voltage (LV) power cables.
Net profit for the cable manufacturer was RM8.59 million in the quarter ended Sept 30, 2025 (3QFY2025), versus RM5.97 million a year earlier, according to an exchange filing.
Quarterly revenue rose 32.2% year-on-year to RM115.83 million, compared to RM87.63 million a year earlier.
Its manufacturing segment contributed to 94.6% of total revenue, which the group said was driven by stronger demand across its low voltage cable range, particularly for copper- and aluminium-cored products, supported by steady orders from utilities, industrial projects and the construction sector.
No dividend was declared for the financial quarter under review.
"Our earnings uplift reflects the scalability and resilience of our manufacturing capabilities, supported by stronger order intake from infrastructure and industrial clients," said executive director Tee Kok Hwa in a separate statement.
For the nine-month period, Master Tec’s revenue was up 27.8% to RM290.89 million, while net profit expanded marginally by 1.6% to RM19.97 million from RM19.66 million previously, due to higher administrative and finance costs in relation to its proposed transfer listing to the Main Market from the ACE Market, as well as higher borrowings for capacity expansion.
Tee noted that progress has been steady for medium-voltage cable manufacturing as its facilities are being completed and undergoing certification. This will position Master Tec for larger-scale industrial and utility projects, as well as export markets.
The group is positive on Malaysia’s wire and cable industry, supported by ongoing infrastructure spending and national electrification efforts under the 13th Malaysia Plan and the National Energy Transition Roadmap.
Master Tec has inked a memorandum of understanding with Yangtze (Jiangsu) Marine Technology Company Limited (YOFC Marine) for technical collaboration in high-specification cables, and another with Senari Synergy Sdn Bhd to explore a potential cable manufacturing facility in Sarawak, which the group said would expand its reach into Borneo and other regional markets.
Last month, it also secured a subcontract worth RM10.68 million for an undisclosed company dubbed ‘Company A’ for electrical infrastructure works, slated for completion in June 2026.
Shares of Master Tec closed unchanged at RM1.11 at Friday’s closing bell, valuing the group at RM1.13 billion.