Leon Fuat Bhd’s profit after tax (PAT) surged 226.7% year-on-year to RM22.11 million for the first half ended June 30, 2026 (1H26) from RM6.77 million, driven by stronger sales and a sharp improvement in gross profit margins.
Revenue for 1H26 also rose 5.5% to RM465.46 million, while gross profit jumped 49.8% to RM65.39 million. Gross profit margin strengthened to 14% from 9.9% a year earlier.
The steel manufacturer and trader delivered an even stronger second quarter, with PAT soaring 236.5% to RM18.06 million from RM5.37 million, while revenue increased 9.5% to RM250.62 million.
Quarterly gross profit climbed 71.3% to RM41.30 million, with margin expanding to 16.5% from 10.5%, supported by higher contributions from both steel trading and processing.
The trading segment’s revenue rose 17.7% to RM93.9 million, while processing revenue increased 5% to RM156.55 million.
Executive Director Calvin Ooi Shang How said the results reflected stronger sales activity and improved margins, highlighting the earnings leverage from Leon Fuat’s integrated trading and value-added processing model.
Looking ahead, Ooi said the group remains cautiously optimistic of delivering positive results for the remainder of FY26, while maintaining disciplined inventory management, adaptive pricing and operational efficiency.
As at 12.10pm on Aug 28, Leon Fuat shares were trading at 37 sen.
