Master Tec Group Bhd (KL:MTEC) has reported a significant increase of 43.9% in its latest quarterly earnings. This surge is primarily attributed to the company’s manufacturing segment and the high demand for low-voltage (LV) power cables. According to an exchange filing, the cable manufacturer’s net profit for the quarter ending September 30, 2025 (3QFY2025) was RM8.59 million, a substantial increase from RM5.97 million in the same period the previous year.
The company’s quarterly revenue also saw a considerable rise of 32.2% year-on-year, reaching RM115.83 million, compared to RM87.63 million a year earlier. The manufacturing segment of Master Tec contributed to 94.6% of the total revenue. The group attributes this to the stronger demand for its low voltage cable range, particularly copper- and aluminium-cored products. This demand was supported by steady orders from utilities, industrial projects, and the construction sector. However, no dividend was declared for the financial quarter under review.
Executive Director Tee Kok Hwa stated, “Our earnings uplift reflects the scalability and resilience of our manufacturing capabilities, supported by stronger order intake from infrastructure and industrial clients.” For the nine-month period, Master Tec’s revenue increased by 27.8% to RM290.89 million. However, the net profit only expanded marginally by 1.6% to RM19.97 million from RM19.66 million previously. This was due to higher administrative and finance costs related to its proposed transfer listing to the Main Market from the ACE Market, as well as higher borrowings for capacity expansion.
Tee also noted that the company has made steady progress in medium-voltage cable manufacturing as its facilities are being completed and undergoing certification. This will position Master Tec for larger-scale industrial and utility projects, as well as export markets. The group is optimistic about Malaysia’s wire and cable industry, supported by ongoing infrastructure spending and national electrification efforts under the 13th Malaysia Plan and the National Energy Transition Roadmap.
Master Tec has signed a memorandum of understanding with Yangtze (Jiangsu) Marine Technology Company Limited (YOFC Marine) for technical collaboration in high-specification cables. It has also signed another memorandum with Senari Synergy Sdn Bhd to explore a potential cable manufacturing facility in Sarawak. The group believes this would expand its reach into Borneo and other regional markets.
In addition, last month, Master Tec secured a subcontract worth RM10.68 million for an undisclosed company, referred to as ‘Company A’, for electrical infrastructure works, slated for completion in June 2026. As of Friday’s closing bell, shares of Master Tec remained unchanged at RM1.11, valuing the group at RM1.13 billion.
