PIE Industrial quarterly earnings climb 156.5% as EMS returns to profit
Quarterly revenue rose 3.7% to RM212.48 million, although earnings for the first nine months remained below the year-earlier level.
Better utilisation of factories and cost controls helped PIE Industrial Bhd lift net earnings to RM11.53 million in 3QFY2026, its Bursa Malaysia filing showed. The result was 156.5% above the RM4.49 million recorded a year earlier.
For the quarter ended Sept 30, 2026, revenue totalled RM212.48 million, versus RM204.9 million previously, representing a 3.7% increase. There was no dividend declaration.
Electronics manufacturing services (EMS) contributed RM5.17 million in pre-tax earnings after posting a RM1.66 million loss before tax in 3QFY2025. Meanwhile, the raw wire and cable operation delivered RM7.28 million in pre-tax earnings, up 6.36% against RM6.85 million previously.
The quarterly improvement did not reverse the decline over the first nine months of FY2026. Net earnings stood at RM9.13 million, down 64.73% against RM25.88 million, while revenue of RM535.11 million was 24.39% below RM707.69 million.
PIE Industrial attributed the nine-month weakness chiefly to reduced orders from existing EMS customers. Greater revenue from wire harness products and the raw wire and cable business provided a partial offset.
The company anticipates further earnings recovery in 4Q as business volumes gradually recover, alongside operational changes and cost management. It said several artificial intelligence (AI) server-related products would enter mass production in 4Q, with global AI server demand and China+1 manufacturing diversification expected to support significant growth.
From 2027 onwards, PIE Industrial plans more investment in switches and AI server-related operations while developing its box build business. It also plans to assess AI key components and robotics opportunities over the next one to three years.
