KUALA LUMPUR (Nov 6): Semiconductor support services firm Frontken Corporation Bhd (KL:FRONTKN) posted record earnings in the third quarter ended Sept 30, 2026 (3QFY2026), driven by stronger performance across its core businesses and effective cost controls.

Net profit for the quarter rose 25% to RM57.3 million from RM45.8 million a year earlier, according to a bourse filing on Friday.

Revenue increased 12% year-on-year to RM181 million from RM161.9 million, driven by higher contributions from its subsidiaries in Taiwan, Malaysia and Singapore.

Its Malaysian operations recorded 18% growth, mainly on higher sales from supply-related activities in the oil and gas business, while its Singapore unit benefitted from higher semiconductor volumes. 

Its Taiwan subsidiary posted an 11% increase, supported by stronger semiconductor demand and higher orders from customers in Taiwan.

No dividend was declared for the quarter under review.

For the cumulative nine-month period (9MFY2026), net profit jumped 33% to RM147.3 million from RM110.4 million a year earlier, while revenue increased 24% to RM557.8 million from RM450.9 million.

Looking ahead, the group expects activity in the semiconductor segment to remain strong, underpinned by structural demand from artificial intelligence (AI), agentic and generative AI, high-performance computing, automotive electronics and advanced manufacturing.

It said it was enhancing its operational capabilities and selectively expanding capacity to capitalise on growth opportunities, while strengthening supply chain collaboration and customer relationships.

In the oil and gas segment, the group remains cautiously optimistic for the rest of 2026, supported by continued demand for engineering, maintenance and asset-support services.

Shares of Frontken fell 14 sen or 2.88% to RM4.72 at the midday break on Friday, valuing the group at RM8.6 billion.