KUALA LUMPUR (Sept 30): UWC Bhd (KL:UWC) achieved record performance for its financial year 2026, following a more than doubling of its fourth quarter earnings.
Net profit for the fourth quarter ended July 31, 2026 (4QFY2026) surged to RM37.6 million, 129.7% more than the RM16.37 million it recorded in the corresponding quarter a year earlier, as revenue jumped 71.1% to RM186.18 million from RM108.8 million, its bourse filing on Wednesday showed.
This boosted its full-year net profit to RM93.84 million, up 131.7% from RM40.51 million in FY2025, as revenue climbed 54.1% to RM594.89 million from RM386.18 million. Both full-year top and bottom line were the highest-ever recorded since the group's listing in 2019.
Growth was supported by stronger semiconductor demand, the progressive execution of secured front-end semiconductor projects and increased demand for back-end semiconductor equipment, UWC said.
"It also reflected the group's strategic expansion into higher-precision, mission-criticial and value-added contract manufacturing, extending its scope from individual component manufacturing to the delivery of more complex modules, sub-systems and integrated assemblies," it said.
The group remains cautiously optimistic about its outlook, as it sees increasing demand from both front-end and back-end semiconductor customers, amid the progressive ramp-up of recently secured projects as well as new product introductions.
As the group continues to receive enquiries relating to front-end semiconductor, life science and 5G test supply, it has also continued to expand its production capacity.
"In addition, the group is undertaking cleanroom construction projects to cater for further front-end semiconductor business opportunities. With its ongoing capacity expansion initiatives and capital expenditure investments, the group aims to strengthen its capabilities to support the long-term growth of its front-end semiconductor business," it said.
No dividend was declared with the latest results announcement.
UWC shares closed 27 sen or about 4% higher at RM7.07 on Wednesday, valuing the group at RM7.8 billion. The counter has surged over 74% year to date.