SkyeChip quarterly net profit rises 27.2% to RM17.7 million
New silicon IP licensing projects supported earnings growth, while no quarterly dividend was announced.
SkyeChip Bhd recorded RM17.7 million in net profit for 2QFY2027, which ended on Sept 30, 2026, up 27.2% from RM13.9 million in the preceding quarter. The integrated circuit designer reported revenue of RM54.16 million, a 9.1% increase from RM49.62 million.
New licensing projects lifted silicon intellectual property (IP) revenue by 30.3% quarter-on-quarter, supporting the earnings increase. Gross profit margin reached 46.9%, against 42.0% previously. The company did not announce a dividend.
Silicon IP generated RM34.24 million, representing 63.2% of quarterly revenue. Silicon products brought in RM19.52 million, or 36%, while other activities, including engineering services, contributed RM404,000.
By market, China accounted for 38.6% of revenue, ahead of North America's 36.6% and Northeast Asia's 24.7%. SkyeChip also received its first revenue contribution from Japan.
The company said quarterly net profit would have been approximately RM18.6 million without RM857,000 in one-off initial public offering expenses, compared with RM16.4 million for the preceding quarter.
For 1HFY2027, net profit totalled RM31.62 million and revenue reached RM103.78 million. Year-on-year comparisons were unavailable, as SkyeChip joined Bursa Malaysia's Main Market in May.
Chief executive officer Datuk Fong Swee Kiang said the company was funding next-generation IP and silicon products with RM430.2 million in cash and investments and no bank borrowings. Of the RM352 million raised through its IPO, RM22.13 million, or 6.3%, had been used as at end-September.
