KUALA LUMPUR (June 15): Engineering services firm Sum Technology Bhd has posted a net profit of RM777,000 for the first quarter ended March 31, 2026 (1QFY2026) ahead of its scheduled ACE Market listing on June 18.
In an exchange filing, revenue for the first quarter came in at RM11.53 million, whereby 83% of total revenue was derived from its turnkey solutions segment.
There are no comparative figures as this is Sum Technology’s first interim financial report.
The group reported a gross profit of RM2.35 million, translating into a gross profit margin of 20.4%. It said the margin was lower than that recorded in FY2025, mainly due to weaker sales from its manufacturing segment while fixed factory rental costs continued to be recognised in cost of sales.
Sum Technology said it is positioned to benefit from growing investments in digital infrastructure and high-technology industries, including semiconductor manufacturing, electrical and electronics (E&E) facilities and data centres.
The group noted that rising adoption of artificial intelligence (AI), cloud computing and data-intensive applications continues to drive demand for reliable power distribution systems, creating opportunities for MEPF (mechanical, electrical, plumbing and firefighting) service providers.
It added that its maiden RM24.8 million data centre contract in Johor Bahru has provided an entry point into the sector, where it continues to receive interest from regional and international developers.
Ongoing investments in the semiconductor and E&E industries are also expected to support demand for its services, the group said.
On June 12, Sum Technology also bagged a RM20.46 million contract to build a cleanroom facility in Ipoh for outsourced semiconductor assembly and test firm K Test Malaysia Sdn Bhd.
Sum Technology specialises in the construction of cleanrooms and other controlled-environment facilities, as well as the provision of mechanical, electrical, process utilities and fire protection systems for mission-critical operations. Based in Petaling Jaya, the company also manufactures customised mechanical ventilation and air conditioning products.
Sum Technology, which priced its initial public offering at 28 sen per share, is looking to raise RM32.76 million to fund its working capital, headquarter expansion and a new office in the Philippines.
Its IPO is entirely made up of a public issue of 117 million new shares, with no offer for sale by existing shareholders. The 22.5 million new shares allocated to the public were oversubscribed by 110.54 times.