Mastec Tec's Q2 net profit drops to RM6.92mil

KUALA LUMPUR: Master Tec Group Bhd’s net profit fell to RM6.92 million in the second quarter (Q2) ended June 30, 2025 from RM8.70 million a year ago.

The company registered its highest-ever quarterly revenue of RM104.82 million for

Q2 2025 from RM 72.84 million last year.

“This achievement marks a significant 43.9 per cent jump from RM72.85 million in the corresponding quarter last year, demonstrating the company’s accelerating growth trajectory across its core segments,” it said.

According to Master Tec, the strong performance was underpinned by a robust showing from the manufacturing segment, which contributed RM91.04 million or 86.8 per cent of total revenue in Q2 2025.

Notably, it said copper-cored low-voltage (LV) power cables remained the primary driver with revenue of RM49.32 million, while aluminium-cored LV power cables surged to RM39.68 million from RM22.86 million in corresponding quarter.

For the six-month cumulative period ended June 30, 2025, the company recorded RM175.06 million revenue, up 25.1 per cent from RM139.99 million in the previous corresponding period.

Its pre-tax profit declined marginally by 4.5 per cent year-on-year to RM13.25 million.

Its net profit stood at RM11.47 million compared to RM13.69 million in the first half (1H) FY24.

Its chief executive officer Tee Kok Hwa said the performance affirms the success of its strategic focus on diversified revenue streams and capacity expansion.

“As we continue to scale, our focus remains on operational efficiency, product quality, and strengthening our market reach,” said Tee.

The company declared a first interim single-tier dividend of 69 sen per share for FY25, amounting to RM7.04 million, rewarding shareholders for their continued support.

© New Straits Times Press (M) Bhd

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