Oxford Innotech Berhad (OXB) has reported a significant increase in its net profit for the second quarter of the financial year 2026 (Q2FY26), with a 162.5% year-on-year rise to RM4.2m. This surge is attributed to increased deliveries in the semiconductor, data centre, and electrical and electronics (E&E) sectors.
The company’s revenue for Q2FY26 reached RM24.5m, marking a 43.7% increase from the previous year’s corresponding quarter. Precision engineering components solutions contributed RM17.3m, accounting for 70.5% of the total revenue. Mechanical assembly solutions and automation and robotics solutions followed with RM6.6m and RM0.6m, respectively.
Malaysia remains OXB’s largest market, contributing 63.2% of the revenue, whilst exports to other Asian countries, North America, and Europe made up the remaining 36.8%. The company’s profit after tax (PAT) also saw a substantial increase, supported by improved revenue and the absence of one-off listing expenses from the previous year.
For the first half of FY26, OXB’s revenue rose by 15.7% to RM42.4m, with PAT expanding by 53.5% to RM7.4m. The PAT margin improved to 17.5% from 13.2% in the previous year. Managing Director Ng Thean Gin highlighted the company’s progress in securing consistent mass production orders, enhancing order visibility.
OXB’s order backlog stood at RM38.9m as of 30 June 2026, with recent purchase orders from a US-based semiconductor customer valued at RM8.8m. The company is expanding its manufacturing capacity with the construction of Penang Science Park Factory 2 Phase 2, expected to be completed in the second half of 2027, and the acquisition of 34 new machines.
Ng stated, “The additional manufacturing space and machinery will strengthen our ability to fulfil the growing demand of our semiconductor and data centre customers whilst providing additional capacity for future opportunities.”
