The Sun Biz

Strengthens capability in advanced manufacturing

Ajiya Bhd reported stable third-quarter revenue of RM77.98 million despite operating in a more challenging cost environment, with profit before tax easing to RM7.32 million due to higher production and raw material costs. Year-to-date, the group recorded RM235.70 million in revenue and maintained a solid balance sheet with low gearing and strong net assets. As it navigates mixed industry conditions, Ajiya is prioritising operational discipline, deeper customer engagement and the expansion of higher-margin, energy-efficient glass products, while recurring interest income continues to support earnings resilience.

Meta Bright Group Bhd posted a solid start to FY26 with Q1 revenue rising 24% year-on-year to RM72.9 million, driven mainly by strong demand for ready-mix concrete across Sabah’s key growth corridors. While profit after tax eased slightly to RM4.8 million due to the absence of last year’s one-off gains, underlying earnings improved on a normalised basis. The group also advanced its new growth initiatives, with its EV charging joint venture commencing operations and energy-efficiency installations progressing as planned. With healthy construction activity in East Malaysia and expanding renewable energy and EV charging ventures, Meta Bright enters FY26 with cautious optimism and strengthened recurring income prospects.

Malaysia Smelting Corporation Bhd (MSC) posted a stronger third quarter with revenue rising 12.7% year-on-year to RM529.5 million, supported by higher sales of refined tin, tin-bearing intermediates, and firmer tin prices. Net profit climbed 42.7% to RM20.4 million as improved mining output and better margins from intermediates helped offset smelting losses linked to trading and forex impacts. With tin demand underpinned by technology-driven sectors and supply remaining structurally tight, MSC said it is strengthening operations and advancing its transition to the more efficient Pulau Indah plant to support long-term competitiveness.

Kinergy Advancement Bhd (KAB) delivered a strong third quarter with revenue surging 90.8% year-on-year to RM155.49 million, driven primarily by its largest sustainable energy contract and ongoing SES projects. The SES division more than tripled its revenue to RM125.18 million, reinforcing its role as the group’s main growth engine. Net profit rose 29.3% to RM7.90 million, supported by steady project progress and improved operating performance. With an order book of RM1.12 billion and a robust tender pipeline of RM2.84 billion, KAB enters the final quarter of FY25 with solid project visibility and confidence in its expanding sustainable energy portfolio.