KUALA LUMPUR (May 6): Semiconductor support services firm Frontken Corporation Bhd (KL:FRONTKN) saw its net profit rise more than 36% in the first quarter, driven by improved performance across core businesses and effective cost management.

Net profit for the three months ended March 31, 2026 (1QFY2026) came in at RM42.4 million, compared with RM31.1 million a year earlier, according to a bourse filing on Wednesday.

Revenue rose 43% year-on-year to RM189.8 million from RM132.6 million, supported by stronger contributions from both its Malaysia and Taiwan operations.

The group's Malaysian subsidiaries surged 266% year-on-year, mainly driven by stronger sales from supply-related activities in the oil and gas segment.

Revenue from the Taiwanese subsidiary increased 11% year-on-year, supported by higher semiconductor volumes, underpinned by robust customer demand and orders.

No dividend was declared for the quarter under review.

Looking ahead, Frontken said ongoing demand across technology nodes, together with continued investment in advanced manufacturing, is expected to sustain activity levels in the semiconductor segment.

The company added that it is deepening collaboration across the supply chain and strengthening customer relationships to support long-term growth.

In the oil and gas segment, it noted that higher crude oil prices continue to support industry activity levels. While this increases operational demands, it also creates opportunities for service providers.

Frontken also said it is closely monitoring geopolitical tensions and has proactively managed procurement and supply planning to mitigate potential disruptions.

Shares in Frontken rose seven sen, or 1.6%, to RM4.52 ahead of the announcement on Wednesday, giving the group a market capitalisation of about RM7.7 billion.