KUALA LUMPUR (June 30): Industrial chemical distributor and rubber manufacturing firm Eckem Holdings Bhd posted a net profit of RM842,000 for the first quarter ended March 31, 2026 (1QFY2026), ahead of its July 3 listing on the ACE Market.
The company’s revenue for 1QFY2026 came in at RM9.55 million, primarily from the distribution, sales and application of its industrial chemical products.
The industrial chemical product segment contributed 93.96% of its total revenue, amounting to RM8.97 million. The remaining RM580,000, or 6.04%, was derived from its manufacturing and trading of rubber products.
There are no comparative figures as this is Eckem’s first interim financial report.
Eckem said that current geopolitical conflicts and trade uncertainties continue to pose challenges to their operations, especially in terms of fluctuating crude oil and raw material prices.
“In response, the group will continue to strengthen operational productivity and improve cost efficiency to better manage these challenges. At the same time, the group will adopt a prudent approach in managing its financial position and evaluating strategic investments to ensure long-term resilience, stability, and sustainable growth,” it said in the filing.
Eckem priced its initial public offering at 12 sen per share, and is looking to raise RM15 million to fund its working capital, pay off bank loans, expand its rubber production line, and build a new corporate office, warehouse and chemical laboratory.
Its IPO is made up of a public issue of 125 million new shares, with an offer for sale of 62.5 million existing shares to Bumiputera investors. Meanwhile, 31.25 million new shares will also be made available for the public, with 15.63 million new shares for private placement to Bumiputera investors, and 46.88 million new shares for private placement to select investors.