RESINTECH Bhd, a Main Market-listed manufacturer of plastic pipes, water tanks and fittings, has successfully mitigated short-term market softness to complete its 2Q FY3/2026 ended Sept 30, 2025 with marginal improvement in its net earnings for the first two quarters of its financial year.
For its 1H FY3/2026, the group posted a 19% year-on-year (yoy) rise in revenue to RM73.88 mil (1H FY3/2025: RM62.03 mil), driven primarily by stronger demand from both existing and new markets.
Its net profit during the period under review edged up 22.7% to RM 4.86 mil from RM3.96 mil in the corresponding period a year ago.
For the quarter under review, Resintech’s net profit inched up 6.6% to RM2,25 mil (2Q FY3/2026: RM2.11 mil) but revenue was flat at RM33.11 mil (2Q FY3/2026: RM33.42 mil).
Recall that the preceding quarter’s revenue of RM40.77 mil was a record high, driven by a surge in customer orders brought forward ahead of the expanded SST (Sales and Service Tax) implementation.
Compared to this exceptional spike, the current quarter reflects a normalised demand pattern supported by stable project flows and ongoing market activity.
Despite the softer quarter, gross profit improved yoy to RM6.78 mil to reflect operational efficiency and stable demand for core pipe systems.
As of end-September 2025, Resintech’s:
- Investment properties rose to RM86.17 mil (March, 31 2025: RM82.63 mil)
- Net assets per share rose to 110.12 sen (March, 31 2025: 108.74 sen)
- Total assets rose to RM332.74 mil (March, 31 2025: RM317.95 mil)
These figures highlight the group’s strong asset backing and continued capacity to generate recurring income from its property portfolio.
“Our first-half results reflect stable and healthy demand for our pipe systems across Malaysia and the region,” commented Resintech’s managing director Datuk Dr Teh Kim Poo.
“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.”
Added Teh:
“We’ll 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 FY3/2026 barring unforeseen circumstances.”
Moving forward, the group expects continued demand from the water and sewerage infrastructure sector, supported by state and national initiatives, including:
- On-going water-supply improvement programmes in Malaysia
- Major allocations under the 13th Malaysia Plan (13MP)
- Strong pipeline and infrastructure investments in Sabah and Sarawak
The group is expected to focus on strengthening product demand, enhancing efficiency and exploring opportunities within its newer business segments that encompass renewable energy components and regional expansion ventures.
At the close of today’s (Nov 27) mid-day trading, Resintech was down 3.5 sen or 6.09% to 54 sen with 189,500 shares traded, thus valuing the company at RM106 mil. – Nov 27, 2025
