KUALA LUMPUR: Integrated engineering solutions provider Oxford Innotech Bhd recorded revenue of RM17.8 million in Q1 ended March 31, 2026 (FY26), representing a 40.7% increase quarter-on-quarter (QoQ) from RM12.7 million in Q4 FY25, mainly supported by contributions from a customer in the data centre industry for the supply of precision steel and metal components for data centre airflow management system, as well as the semiconductor segment.
On a year-on-year (YoY) basis, revenue was lower compared to RM19.5 million in Q1 FY25.
Segmentally, Q1 FY26 revenue was primarily contributed by customers in the semiconductor, electrical and electronics, industrial products and data centre industries, partially offset by lower contributions from customers in the modular building systems and ergonomic furniture industries.
In terms of geographical exposure, Malaysia remained the group’s largest market, contributing RM12.8 million, or 71.6% of total revenue, while exports accounted for the remaining 28.4%, mainly to other Asian countries, North America, and Europe.
Profitability-wise, Q1 FY26 profit after tax (PAT) more than tripled QoQ to RM3.3 million from RM1.0 million in Q4 FY25, with PAT margin improving to 18.2% from 8.0% earlier.
Meanwhile, the PAT remained broadly similar YoY when compared to the RM3.2 million achieved in Q1 FY25.
Managing director Ng Thean Gin said the group’s Q1 results marked a good start to OXB’s new fiscal year.
“It reflects the early progress of the group’s efforts to broaden our exposure to higher-growth segments, such as the data centres, while continuing to leverage our core engineering and precision manufacturing capabilities.
“Encouragingly, rising demand for advanced computing, AI-related applications and technology infrastructure continues to support activity across the semiconductor and precision engineering value chain.
“This has strengthened engagement with semiconductor customers, while our data centre projects continue to progress steadily, providing a platform to demonstrate our technical capabilities and establish our track record in supporting mission-critical infrastructure,” he said.
As of March 31, 2026, the group’s order backlog increased to RM30.0 million from RM21.0 million as of Dec 31, 2025.
To support future growth, OXB plans to commence construction of Penang Science Park Factory 2 Phase 2 in the second half of 2026, expanding its total manufacturing space by 50.2% to approximately 202,696 sq ft.
“Looking ahead, our priority is to ensure disciplined execution of orders in hand, deepen customer engagements and continue building capabilities that position OXB for long-term growth.
“While macroeconomic uncertainties remain, we believe the group is well-positioned to deliver improved financial performance moving forward, supported by healthy order visibility and favourable long-term industry fundamentals,” Ng said.
