PRESS RELEASE
Scientex 2Q26 net profit rises 9.1% to RM135.2 million on packaging and property strength- Packaging division operating profit jumps 16.3% driven by volume growth and enhanced operational efficiency
- Property division revenue grows 8.3% driven by steady construction progress and encouraging new launches
Shah Alam, Selangor, Malaysia, 13 March 2026 - Global packaging manufacturer and leading property developer Scientex Berhad (Scientex, 森德公司, Bloomberg: SCI MK) recorded a 9.1% increase in net profit to RM135.2 million for the second quarter ended 31 January 2026 (2Q26) from RM123.9 million in the previous year's corresponding quarter, driven by higher packaging sales volume and operational efficiency, as well as increased contributions from the property development division.
The growth in bottom line was bolstered by a 2.8% rise in Group revenue to RM1.14 billion, up from RM1.11 billion a year ago.
In the packaging division, operating profit grew 16.3% to RM49.0 million from RM42.1 million a year ago, attributed to improved sales volume, enhanced operational efficiency, and optimised cost structures. Segment revenue remained resilient at RM622.2 million compared to RM630.7 million previously, with the marginal decrease mainly due to the depreciation of the US Dollar against the Ringgit.
The property division saw revenue increase 8.3% to RM513.6 million from RM474.4 million previously, while operating profit rose 7.9% to RM143.6 million from RM133.1 million a year ago, supported by steady revenue recognition from ongoing projects and encouraging sales from new launches. The maiden phase of the Scientex Jawi township (Penang) is nearing full take-up, while the newly launched Scientex Pulai 4 township (Johor) garnered a positive market response.
"Amid an increasingly volatile and challenging operating environment, including geopolitical uncertainties that impact supply chains and energy prices, we are working closely with our customers to navigate these challenges. At the same time, we are driving innovation and investing in our packaging capabilities, including strategic additions such as our second Nano 67-layer cast line and new machinery across multiple plants. These initiatives support our ongoing efforts to optimise cost structures and enhance operational efficiency as we navigate evolving market conditions.
Meanwhile, our property division remains steadfast in maintaining steady construction momentum to meet the resilient demand for affordable housing, supported by a stable financing environment that continues to support homeownership. We have completed over 44,000 homes to date, approaching 90% of our Vision 2028 target, and remain firmly on track to deliver 50,000 affordable homes nationwide."
Mr. Lim Peng Jin (林炳仁), CEO, Scientex Berhad
For the six-month period ended 31 January 2026 (1H26), the Group recorded 3.5% higher revenue of RM2.29 billion, compared to RM2.21 billion previously. Net profit rose 10.1% to RM278.1 million in 1H26, from RM252.6 million in the previous year's corresponding period.
Packaging revenue for 1H26 was stable at RM1.26 billion, while operating profit jumped 32.3% to RM96.7 million from RM73.1 million previously on enhanced efficiency and favourable sales mix. The division continues to drive talent development and digitalisation, alongside cost management initiatives to sustain its competitive edge and strengthen its resilience and global presence.
Property revenue for 1H26 reached RM1.04 billion, while operating profit rose 7.6% to RM300.3 million compared to RM279.0 million previously. Moving forward, the Division will continue rolling out new phases in line with market demand across its presence in the Northern, Central and Southern regions, with RM890 million in Gross Development Value (GDV) already launched in 1H26.
About Scientex Berhad (森德公司, https://www.scientex.com.my)
Scientex Berhad (Scientex) is a leading manufacturer in flexible plastic packaging and a prominent developer of quality affordable homes in Malaysia.
Established in 1968, our drive to achieve continuous growth has seen us become one of the world's top manufacturers of stretch film and an integrated flexible plastic packaging producer with a presence across the packaging value chain, from stretch films, base films and printed films to bags and multi-layered flexible plastic packaging solutions used in industrial and consumer packaging.
To date, Scientex has 18 manufacturing plants across Malaysia, Vietnam and the United States of America; as well as sales offices in 9 countries, namely, Australia, Indonesia, Japan, Myanmar, New Zealand, Philippines, Singapore, Thailand and USA. Approximately 70% of its packaging products are exported to over 60 countries worldwide.
Scientex's property arm has township development projects in Pasir Gudang, Kulai, Skudai, Senai, Pulai, Kota Tinggi and Muar (all in Johor), Ayer Keroh, Durian Tunggal, Jasin and Cheng (all in Melaka), Seremban (Negeri Sembilan), Rawang, Kundang Jaya, Jenjarom, Cheras and Bestari Jaya (all in Selangor), Ipoh (Perak), Tasek Gelugor, Sungai Dua and Jawi (all in Penang), as well as Sungai Petani (Kedah). To date, Scientex has delivered RM13.2 billion worth of properties and has projects-in-hand of RM4.9 billion.
Issued for and on behalf of SCIENTEX BERHAD by Aquilas Advisory (Malaysia) Sdn Bhd For investor enquiries and media enquiries, please contact:
Mr. Tay Tze Yi
E: tayty@aquilas.com.my
T: 03-2711 1391 / 016-3380 555
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