KUALA LUMPUR: End-to-end piping solutions provider ISF Group Bhd recorded revenue of RM31.39 million in Q2 ended June 30, 2026 (FY26), driven primarily by the supply and installation of piping systems for end-user premises, as well as water supply and sewer infrastructure piping works.
The group posted a profit before tax (PBT) of RM11.04 million and profit after tax (PAT) of RM8.17 million, translating into a PBT margin of 35.18% and a PAT margin of 26.03%, respectively.
As the group was listed on the ACE Market of Bursa Malaysia on Jan 28, 2026, there are no comparative figures for Q2 of last year.
This announcement complies with Bursa Malaysia’s ACE Market Listing Requirements.
On a quarter-on-quarter (QoQ) basis, revenue increased by 19.88%, from RM26.18 million in Q1 of FY26 to RM31.39 million in Q2 FY26.
The increase was mainly attributable to higher contributions from several ongoing projects, including a semiconductor factory in Penang, as the projects progressed towards completion.
The group’s PBT rose by 63.82% QoQ, from RM6.74 million in Q1 FY26 to RM11.04 million in Q2 FY26.
This was mainly due to non-recurring listing expenses of approximately RM2.73 million recognised in the preceding quarter, as well as higher revenue and GP during the quarter.
Correspondingly, PAT climbed by 89.21% QoQ, from RM4.32 million in Q1 FY26 to RM8.17 million in Q2 FY26.
ISF managing director Jeff Ai Boon Chen said the group remains positive on the prospects ahead, supported by continued opportunities in the data centre segment and progress on ongoing projects.
“Our unbilled order book has strengthened to RM157.41 million as of June 30, 2026, providing healthy earnings visibility.
“ISF also maintains a strong balance sheet, with total cash of RM68.95 million significantly exceeding total borrowings of RM6.21 million.
“This financial position provides us with the flexibility to pursue our expansion plans and capitalise on new projects,” he said.
Looking ahead, Ai said the group remains confident in its growth trajectory, supported by the continued expansion of Malaysia’s construction industry, government-led affordable housing initiatives under Budget 2025 and Budget 2026, growing demand for industrial facilities, logistics hubs and data centres, supported by national digital infrastructure initiatives.
“Our established presence in Johor further strengthens our position to capture long-term recurring service opportunities within this economic corridor,” he said.
For 1H FY26, the group delivered revenue of RM57.57 million, with PBT of RM17.78 million and PAT of RM12.49 million.
