Fire protection systems manufacturer and distributor Unique Fire Holdings Bhd recorded a 20.13% decline in net profit after tax (PAT) to RM8.26 million for the financial year ended March 31, 2026 (FY26), despite revenue rising 6.2% year-on-year to RM114.7 million.
Executive Director Marcus Liew said the weaker earnings were mainly due to higher term loan expenses, legal fees and stamp duty linked to land acquisition, as well as increased depreciation, product certification costs, staff remuneration and performance incentives.
The group also did not record a reversal of impairment losses on trade receivables recognised in the previous financial year.
For the fourth quarter ended March 31, 2026 (4Q26), revenue climbed 6.9% to RM25.8 million, driven by stronger contributions from its assembly and distribution activities, particularly fire suppression systems.
However, quarterly PAT fell 51.62% to RM0.72 million from RM1.49 million a year earlier due to higher financing costs tied to borrowings for land acquisition in Kota Kemuning, Shah Alam, alongside higher remuneration expenses and the absence of impairment reversal gains recognised in 4Q25.
Nevertheless, Liew said the group continued to see growth in its core fire protection business amid a supportive regulatory environment, backed by the enforcement of the Fire Services (Amendment) Act 2025 and the rollout of projects under the 13th Malaysia Plan (13MP).
Looking ahead, Liew shared that the group expects sustained demand for its fire safety solutions driven by regulatory compliance requirements and ongoing contract awards under the 13MP. It also anticipates long-term recurring income contributions from its recently approved 95MW solar photovoltaic joint venture.
“Despite the softer earnings performance, the board declared a single-tier interim dividend of 0.8 sen per ordinary share for FY27,” Liew said.
