KUALA LUMPUR (March 26): Frozen seafood producer PT Resources Bhd (KL:PTRB) posted a more than five-fold increase in net profit to RM4.5 million for its third financial quarter ended Jan 31, 2026 (3QFY2026), from RM887,000 a year ago, driven by better cost management and improved sales mix.

Quarterly revenue surged 47.61% year-on-year to RM190.95 million from RM129.36 million, on stronger domestic demand, supported by promotional campaigns and expansion of sales channels. This was partially offset by lower contributions from China, according to the group's bourse filing on Thursday.

For the first nine months of FY2026, however, PT Resources incurred a net loss of RM7.23 million, versus a net profit of RM7.54 million in the same period of the previous year, despite revenue rising 15.24% to RM444.92 million from RM386.09 million.

The loss, the group said, was due to one-off fire-related losses and provisions. Excluding the non-recurring fire-related losses, the group would have recorded a profit before tax of RM10.8 million for the nine-month period.

No dividend has been declared so far for FY2026.

Looking ahead, PT Resources said the geopolitical tensions in the Middle East may pose short-term challenges to the group’s export activities to the region, including potential disruptions to logistics and demand volatility.

Notwithstanding this, the group said it is actively diversifying its customer base and export markets to mitigate concentration risk and enhance resilience.

Domestically, the group said it remains focused on expanding its sales channels and customer base, supported by promotional campaigns and customer engagement initiatives. These efforts, it said, are expected to continue supporting stable demand and sales momentum in the local market.

On Thursday, PT Resources’ share price closed unchanged at 31 sen, giving the group a market capitalisation of RM166 million.