GEORGETOWN: Main Market-listed leading engineering solutions provider, Kobay Technology Bhd, achieved a revenue of RM255.9 million for 1H ended December 31, 2025 (FY26), surpassing the RM200 million mark for the first time.
This commendable improvement stemmed from the core business units of the manufacturing divisions.
This translated into a year-on-year (YoY) jump of 45.5% from RM175.9 million in 1H of FY25.
Zooming into the manufacturing division’s performance, revenue rose 52.9% YoY to RM172.2 million from RM112.6 million in the prior year.
In tandem with the record top-line performance, 1H FY26 profit before tax (PBT) rose 2.3-fold to RM31.1 million as compared to RM13.3 million last year.
Manufacturing segment’s PBT grew in a similar quantum to RM23.1 million in 1H FY26 from RM9.9 million in 1H FY25.
The property development division reported a PBT of RM2.5 million for 1H FY26 vis-à-vis a loss before tax of RM1.2 million in the prior year.
Net profit surged 2.4-fold to RM22.5 million for 1H FY26 from RM9.5 million a year ago.
Managing Director and CEO Datuk Seri Koay Hean Eng said the continued positive
momentum in FY26, demonstrated through successive record quarterly revenues,
reflects the team’s efforts and aligns with prevailing industry tailwinds.
“With this, the potential inflexion point we highlighted in the previous quarter is becoming more evident in our underlying growth trajectory. Nevertheless, we remain vigilant towards the macroeconomic conditions, industry and trade developments, and currency fluctuations.
“On the other hand, the demand outlook for recently commenced projects is resilient,
which reinforces our earnings visibility with the utilisation rate at healthy levels. As for the overall manufacturing division, we anticipate the gradual rebound will be sustained, primarily driven by the resurgence of global demand.
“The property development division improved in 1H FY26 on the back of higher
progress billing from the ongoing affordable housing project and the sale of completed units. The group expects this improvement to continue in the upcoming quarters, given that the ongoing affordable projects are approaching completion by 2026.
“On balance, Kobay’s outlook continues to be bright, but we remain mindful of rising costs and potential recessionary risks,” he said.
The group posted revenue of RM145.0 million in Q2 FY26, up 74.5% YoY from RM83.1 million in the same quarter last year.
It is noteworthy to highlight that this is the group’s successive record-high top-line performance.
The manufacturing division reported an increase of 79.0% YoY to RM100.2 million for Q2 versus RM56.0 million last year.
Parallel with record quarter revenue, Q2 FY26 net profit surged 2.8-fold to RM11.7
million as compared to RM4.2 million a year ago.
The improvement in the top and bottom-line performance was chiefly attributed to a stronger contribution across all key divisions.
The Sun Malaysia
