KUALA LUMPUR: P.I.E. Industrial Bhd recorded RM11.52 million net profits for the third quarter ended Sept 30, 2026 (Q3 FY26), almost tripled a year ago when it reported RM4.49 million, on improved factory utilisation and tighter cost controls.
Revenue rose four per cent to RM212.48 million from RM204.90 million previously, mainly driven by stronger demand for raw wire and cable as well as wire harness products, which offset weaker revenue from its EMS segment.
For the nine months ended Sept 30, 2026, however, PIE Industrial’s net profit fell to RM9.12 million from RM25.87 million in the corresponding period last year, while revenue declined 24 per cent to RM535.11 million from RM707.69 million.
The weaker cumulative performance was mainly attributable to lower demand for its EMS activities, which recorded a pre-tax loss of RM11.10 million during the period, compared with a pre-tax profit of RM9.66 million previously.
Looking ahead, the group expects its recovery momentum to continue into the fourth quarter, supported by stronger revenue growth and the gradual commencement of mass production for several artificial intelligence (AI) server-related products.
It said the new products are expected to contribute to higher fourth-quarter revenue and expand its overall business scale, as it seeks to capitalise on growing global demand for AI servers and the China+1 manufacturing diversification strategy.
For 2027 and beyond, PIE Industrial plans to increase its focus and investment in switch and AI server-related businesses, while exploring opportunities in emerging segments such as AI key components and robotics.