Southern Cable Group Bhd reported a 21% increase in net profit to RM33.2 million for the first quarter ended March 31, 2026 (1Q26), driven by stronger domestic and export demand, improved operating efficiency and lower administrative costs.
The group’s revenue also rose 10.7% year-on-year to RM432.7 million, supported by higher sales volumes of power cables and wires across both local and overseas markets. Domestic revenue remained steady at RM365.1 million, underpinned by demand from data centre developments, grid upgrades, renewable energy projects and construction activity.
Export sales surged 117.2% to RM67.5 million, led by stronger shipments to the US and deliveries linked to Malaysia’s East Coast Rail Link project.
Managing Director Tung Eng Hai said the group is actively expanding production capacity to capture growing opportunities while managing raw material price volatility through disciplined procurement and cost pass-through mechanisms.
He added that investments in upstream capacity, including a new aluminium furnace and a plastic compound facility, are expected to enhance efficiency, strengthen margins and support future earnings growth.
As at end-March 2026, Southern Cable’s order book stood at RM924.9 million, providing earnings visibility through 2027 and anchored by demand from utilities, EPCC contractors and resellers.
