Able Global Bhd posted a 23% increase in profit after tax attributable to owners (PATAMI) to RM39.42 million for the first half of FY26 (1H26), while declaring a second interim dividend of two sen per share.
Revenue for 1H26 also rose 25% to RM402.8 million from RM322.12 million a year earlier, supported by stronger contributions from its food and beverages (F&B), tin cans manufacturing and property development businesses.
For the second quarter, revenue climbed 34.9% year-on-year to RM222.07 million from RM164.62 million, while PATAMI increased 11.8% to RM20.1 million from RM17.97 million.
The improved quarterly performance was supported by higher progress billings from property development projects and a stronger contribution from the group’s joint venture in Mexico, partly offset by higher production costs in the F&B segment.
F&B remained the group’s largest revenue contributor in the quarter at RM159.64 million, accounting for 71.9% of total revenue. Tin cans manufacturing contributed RM32.41 million, while property development generated RM30.02 million.
Able Global said its Mexico joint venture, Able Dairies Mexico SAPI de CV, continued to perform strongly, with its share of profit rising to RM3.29 million from RM1.91 million a year earlier amid healthy dairy demand.
The group also recently broke ground on Able Business Park in Kuala Langat, Selangor, which will eventually consolidate its Able Dairies, Able Food and Unican operations into an integrated facility.
The board declared a second interim dividend of two sen per ordinary share for FY26, with the payment and book closure dates to be announced later.
