KUALA LUMPUR: Main Market-listed plastic pipe and water tank manufacturer Resintech Bhd posted its financial results for the financial year ended March 31, 2026 (FY26), recording its highest-ever full-year revenue driven by increased demand for pipe systems across domestic and export markets.
For the full year, the group’s revenue increased 29.2% to RM161.6 million from RM125.1 million in FY25. In line with the higher revenue and improved gross profit margin, gross profit grew 38.8% to RM37.1 million. Profit before taxation (PBT) stood at RM19.5 million, while net profit attributable to owners of the company increased 20.1% to RM13.5 million, up from RM11.3 million a year earlier.
Founder and managing director Datuk Dr Teh Kim Poo said, “Our FY26 performance reflects the strength of our core business. Demand for pipe systems remained healthy across local and export markets, and the group was able to convert this demand into record revenue and higher earnings attributable to shareholders.
While the reported fourth-quarter PBT appears lower year-on-year because last year included a sizeable non-cash fair value gain on investment properties, the underlying operating performance was much stronger.
This is the more meaningful comparison for our business. The 2 sen interim dividend reflects the board’s intention to reward shareholders while balancing the group’s working capital and expansion requirements. It also marks a meaningful step up from the 1.25 sen dividend paid for FY25.”
For the fourth quarter ended March 31, 2026 (Q4’26), Resintech recorded a 39.1% increase in revenue to RM40.8 million, with the quarter’s gross profit margin at 25.5%.
The group noted that the fourth-quarter reported PBT of RM5.9 million should be read in the context of accounting adjustments from the previous corresponding period. In Q4’25, Resintech recorded a non-cash fair value gain on investment properties of RM5.3 million, compared to RM0.4 million in Q4’26. Excluding these non-operational accounting adjustments, Resintech’s operational PBT for Q4’26 more than doubled year-on-year to RM5.4 million from RM2.2 million previously.
The improved profitability was also supported by a stronger ringgit and lower global oil prices, which reduced the cost of imported raw materials such as polyethylene resin. Consequently, net cash from operating activities doubled to RM20.5 million.
Cash and bank balances, together with fixed deposits, increased 43.9% to RM26.7 million as at March 31, 2026, while total borrowings stood at RM62.3 million. Net assets per share improved to 114.74 sen.
The declared 2 sen per share interim dividend involves a total payout of approximately RM3.89 million and will be paid on July 3, 2026 to depositors registered as of June 19, 2026.
Moving forward, the group expects product demand to remain supported by ongoing utilities, water-reticulation, and infrastructure requirements across Malaysia and regional markets.
The financial year also coincides with preparations for Resintech’s Golden Jubilee, marking 50 years of operations since its founding in 1977.
