KUALA LUMPUR: Integrated engineering solutions provider Oxford Innotech Bhd achieved a revenue of RM13.9 million and recorded a profit after tax (PAT) of RM1.2 million for the third quarter (Q3) ended September 30, 2025 (FY25), which included approximately RM0.9 million in one-off listing expenses.
As this represents Oxford Innotech’s third interim financial announcement since its listing on the ACE Market of Bursa Malaysia, there are no corresponding comparative figures for the preceding year.
Excluding the non-recurring listing expenses, the normalised PAT would have been RM2.1 million, representing a normalised PAT margin of 14.9%.
For the nine months (9M) of FY25, the group recorded revenue of RM50.5 million and a reported PAT of RM6.1 million.
Adjusting for listing-related expenses, normalised PAT stood at RM7.3 million,
translating into a normalised PAT margin of 14.5%.
The group also generated a positive net operating cash flow of RM16.2 million during the nine-month period.
Segmentally, the mechanical assembly solutions segment contributed RM29.9 million, accounting for 59.1% of total revenue in 9M FY25, followed by precision engineering components solutions at RM19.3 million (38.3%), and automation and robotics solutions at RM1.3 million (2.6%).
Geographically, Malaysia remained the key market, representing 94.7% of the total
revenue, primarily driven by multinational customers with operations in Malaysia.
The remaining 5.3% came from other Asian markets, along with contributions from the North America and Europe.
Oxford Innotech managing director Ng Thean Gin said the first nine months’ performance is within expectation, with some exciting developments through its strategic partner, JAKA Robotics Co Ltd, a global player in collaborative robotics.
“During the quarter, we successfully deployed two projects using JAKA robots — one for a semiconductor client and another for a telecommunications customer.
“Operationally, we are seeing good momentum in our first article inspection reports (FAIRs) approval pipeline, mainly coming up from the semiconductor industry.
“In fact, a number of the approvals have gone into mass production recently. We are certainly gaining good traction and are on track to receive more orders in the coming months. With a healthy pipeline and a solid conversion into mass production orders so far, we expect a meaningful contribution to the group’s topline in the coming quarters,” he said in a statement.
A FAIR approval is the process through which customers evaluate and approve the company’s initial sample parts, which are required before proceeding with larger
production orders.
“In parallel, Phase 1 of our new facility at Penang Science Park (PSP) Factory 2
commenced mass production during the quarter. The new facility adds 39,392 sq ft of manufacturing area, increasing our total production floor space to 125,174 sq ft.
“On the global front, we are closely monitoring the potential implications of the reciprocal tariffs imposed by the US. Our direct exposure to the US market remains minimal and has not affected our order flow.
“We will continue to monitor any potential spillover effects on the supply chain. All in all, we remain cautiously optimistic about the outlook for the industries we serve, particularly semiconductor, electrical and electronics (E&E), automotive, and modular building systems (MBS),” Ng said.
On the balance sheet, Oxford Innotech remained in a net cash position, supported by a net asset per share of 18 sen as of September 30, 2025.
To recap, Oxford Innotech was successfully listed on the ACE Market of Bursa Malaysia on July 29, 2025, raising RM41.6 million, primarily earmarked for capacity expansion and capability enhancement to support future growth.
