P.I.E. Industrial posts RM11.52 million third-quarter net profit
Higher factory utilisation and tighter cost controls supported quarterly earnings, but nine-month net profit fell to RM9.12 million.
P.I.E. Industrial Bhd reported net profit of RM11.52 million for the third quarter ended September 30, 2026, compared with RM4.49 million a year earlier. The group attributed the improvement to better factory utilisation and stricter cost management.
Quarterly revenue increased four per cent to RM212.48 million from RM204.90 million. Higher demand for raw wire, cable and wire harness products outweighed a revenue decline in its EMS segment.
Despite the quarterly improvement, net profit for the nine months ended September 30, 2026, dropped to RM9.12 million from RM25.87 million. Revenue for that period fell 24 per cent to RM535.11 million from RM707.69 million.
The group attributed the weaker nine-month results mainly to reduced demand for EMS activities. That business posted a pre-tax loss of RM11.10 million, against a pre-tax profit of RM9.66 million a year earlier.
P.I.E. expects its recovery to extend into the fourth quarter, supported by revenue growth and several AI server-related products gradually entering mass production. It expects those products to lift fourth-quarter revenue and broaden its business as it pursues global AI server demand and China+1 manufacturing diversification opportunities.
For 2027 and beyond, the group plans to devote more attention and investment to switch and AI server-related businesses. It also intends to explore AI key components and robotics.
