RESINTECH Bhd, a Main Market-listed manufacturer of plastic pipes, water tanks and fittings, has demonstrated the group’s resilience and growth momentum as it enters its 50th year of operations.
The group’s revenue soared 42.52% year-on-year (yoy) during its 1Q FY3/2026 ended June 30, 2025 to RM40.77 mil (1Q FY3/2025: RM28.6 mil), driven by robust demand for its core pipe system business.
Resintech’s gross profit also expanded to RM8.67 mil, up from RM6.20 mil in 1Q FY3/2025 while its net profit for the period under review grew 38.2% yoy to RM2.6 mil ((1Q FY3/2025: RM1.89 mil).
With humble beginnings in September 1977, Resintech marks its Golden Jubilee in August 2026 to commemorate its expansion from a small local business into a Main Market-listed industry leader.
“Our 50-year journey is built on strong fundamentals, reliable products and the trust of our stakeholders,” commented Resintech’s managing director Datuk Dr Teh Kim Poo.
“As we celebrate this milestone, our focus remains on delivering sustainable growth and positioning Resintech for the next chapter.”
In its 1Q FY3/2026, Resintech secured over RM40 mil of new orders, the majority of which will be recognised in the current financial year.
Hostel development
The group is also is also in the advanced stages of securing a large water infrastructure contract in Southeast Asia (SEA) as part of its regional expansion. If awarded, the bulk of this order would also be recognised in its FY3/2026, thus significantly strengthening the group’s topline.
“With the orders already in hand and strong prospects from our SEA expansion, we’re confident of achieving strong double-digit growth in both revenue and profit this year,” projected Teh.
“Barring unforeseen circumstances, Resintech stands a very good chance of delivering record-high revenue and bottom-line performance in its FY3/.2026.”
The group also provided updates on its hostel development project in Kuala Langat, Selangor which has achieved around 30% completion with piling works completed. Construction is expected to accelerate with completion targeted by end-2026.
The project will be fully tenanted by Concepts ATC Sdn Bhd under a three-year tenancy agreement with value estimated at RM12.09 mil over a three-year period with a renewal option for an additional three years at up to a 10% increment.
This development is expected to provide a stable recurring income stream for the group starting FY3/2027.
At 11.59am, Resintech was unchanged at 56.5 sen with 41,800 shares traded, thus valuing the company at RM111 mil. – Aug 29, 2025
