KUALA LUMPUR: Resintech Bhd, a main market-listed manufacturer of plastic pipes, water tanks, and fittings, recorded a 19.10% year-on-year (YoY) increase in revenue to RM73.88 million for the first half (1H) ended September 30, 2025 (FY26), from RM62.03 million in 1H of FY25, driven primarily by stronger demand from both existing and new markets.
Profit before tax (PBT) rose to RM7.31 million, while profit after taxation (PAT) improved to RM4.84 million, compared to RM3.96 million in the corresponding period last year.
For the second quarter (Q2) of FY26, Resintech recorded revenue of RM33.11 million.
The preceding quarter’s revenue of RM40.77 million had reached a record high, driven by a surge in customer orders brought forward ahead of the expanded SST implementation.
Compared to this exceptional spike, the current quarter reflects a normalised demand pattern, supported by stable project flows and ongoing market activity.
Quarterly PBT stood at RM3.15 million, with PAT at RM2.23 million, both lower than Q1 FY26 and in line with the reduced revenue for the period.
Despite the softer quarter, gross profit improved YoY to RM6.78 million, reflecting operational efficiency and stable demand for core pipe systems.
As of September 30, 2025, Resintech’s investment properties increased to RM86.17 million from RM82.63 million recorded on March 31, 2025, while net assets per share rose to 110.12 sen from 108.74 sen.
Total assets increased to RM332.74 million from RM317.95 million as at March 31, 2025.
These figures highlight the group’s strong asset backing and continued capacity to generate recurring income from its property portfolio.
Managing director Datuk Dr Teh Kim Poo said the company’s first-half results reflect stable, healthy demand for its pipe systems across Malaysia and the region.
“Although the second quarter saw a temporary softening following the expansion of SST, our fundamentals remain strong, supported by efficient operations and continued customer demand.
“We will continue to exercise cost discipline while strengthening demand for our products. With our diversified product range, regional presence, and strong balance sheet, we remain confident of delivering satisfactory performance for FY26, barring unforeseen circumstances,” he said in a statement.
Looking ahead, Resintech remains cautiously optimistic.
The group expects continued demand from the water and sewerage infrastructure sector, supported by state and national initiatives, including the ongoing water-supply improvement programmes in Malaysia, major allocations under the 13th Malaysia Plan (13MP) and the strong pipeline and infrastructure investments in Sabah and Sarawak.
The group will focus on strengthening product demand, enhancing efficiency, and exploring opportunities within its newer business segments, including renewable energy components and regional expansion ventures.
