KUALA LUMPUR: Integrated engineering solutions provider Oxford Innotech Bhd delivered revenue of RM24.5 million in Q2 ended June 30, 2026 (FY26), representing 43.7% year-on-year (YoY) growth from RM17.1 million posted in Q2 FY25.
This was mainly driven by higher deliveries to customers in the semiconductor, data centre and electrical and electronics (E&E) industries.
By business segment, precision engineering components solutions accounted for RM17.3 million, or 70.5% of the total revenue in Q2 FY26, followed by mechanical assembly solutions at RM6.6 million (26.9%) and automation and robotics solutions at RM0.6 million (2.6%).
Geographically, Malaysia remained the group’s largest market, contributing 63.2% of Q2 FY26 revenue, while export markets accounted for the remaining 36.8%, mainly comprising other Asian countries, North America and Europe.
Meanwhile, profitability grew at a faster pace than revenue, with profit after tax (PAT) surging 162.5% YoY to RM4.2 million from RM1.6 million in Q2 FY25.
This was supported by the improved topline performance, coupled with the absence of one-off listing expenses incurred in Q2 FY25.
For the first half (1H) of FY26, revenue increased 15.7% YoY to RM42.4 million from RM36.6 million in 1H FY25, while PAT expanded at a stronger pace of 53.5% YoY to RM7.4 million from RM4.8 million.
PAT margin also improved to 17.5%, compared with 13.2% in 1H FY25.
Managing director Ng Thean Gin said the group is encouraged by the progress made over the past year, with qualification efforts now translating into consistent mass production orders.
“This provides greater order visibility for the group as we continue to execute existing orders while building the capacity needed to support customers’ growing requirements,” he said.
As of June 30, 2026, the group’s order backlog stood at RM38.9 million, up from RM30.0 million as of March 31, 2026.
“Between June and July 2026, we received three purchase orders with an aggregate value of RM8.8 million from a US-based semiconductor customer.
“The group also secured repeat orders from its data centre customer after successfully delivering earlier projects, reflecting continued customer confidence in Oxford Innotech’s execution and delivery capabilities,” Ng said.
To support the growing order pipeline and future production requirements, Oxford Innotech has commenced construction of its Penang Science Park Factory 2 Phase 2 in early June 2026.
Targeted for completion in the second half of 2027, the expansion is expected to increase the group’s total manufacturing space by 50.2% to approximately 202,696 sq ft.
In parallel, the group is acquiring 34 new machines, which are expected to begin operations progressively in 2H FY26.
“The additional manufacturing space and machinery will strengthen our ability to fulfil the growing demand of our semiconductor and data centre customers while providing additional capacity for future opportunities.
“With the robust order visibility, an expanding customer base and proven technical capabilities, we believe Oxford Innotech is well positioned to participate in the continued growth of these industries,” Ng said.
