JAG Bhd returned to profitability in the first quarter ended March 31, 2026 (1Q26), as the waste management and resource recovery specialist recorded a profit after tax (PAT) of RM5.37 million against a loss after tax of RM6.43 million a year earlier.
The turnaround was driven by stronger contributions from its core total waste management (TWM) business and firmer precious metal prices.
Revenue for the quarter also rose 39% to RM64.58 million from RM46.47 million previously, while basic earnings per share improved to 0.77 sen compared to a loss per share of 0.88 sen in 1Q25.
Executive Director Ng Meow Giak said the stronger performance was mainly attributable to its TWM segment, which contributed 97.7% of total revenue during the quarter.
Revenue from manufacturing and trading activities surged 41.5% year-on-year to RM63.09 million, supported by higher sales of recovered high-value precious metals as well as stronger market prices for gold and silver, which lifted selling prices and margins.
“The quarter is an ‘important earnings inflection point’ for the company, noting that the return to profitability reflected the resilience and scalability of JAG’s recovery and refining ecosystem alongside disciplined cost management,” Ng shared.
In tandem with the improved earnings, Ng revealed that the company declared a first interim single-tier dividend of 0.2 sen per share, amounting to approximately RM1.4 million for the financial year ending Dec 31, 2026, payable on June 25, 2026.
“Looking ahead, the company remains optimistic on its FY26 outlook, supported by sustained precious metal price strength, ongoing downstream processing initiatives and continued investments in sourcing capabilities, production capacity and process efficiency to enhance long-term competitiveness,” Ng said.
