Press Metal Aluminium Holdings (PMETAL) Q1 2026 earnings summary

Executive summary

• Revenue rose 5.2% year-over-year to RM4.10 billion, driven by higher realised metal prices and increased sales volume.

• Profit before tax surged 38.6% to RM872.54 million, with net profit up 41.4% to RM774.23 million.

• Basic earnings per share increased 35.2% to 7.58 sen.

Financial highlights

• Operating profit jumped 73.7% year-over-year to RM864.67 million.

• Operating expenses declined 4.5% to RM3.26 billion.

• Other operating income more than doubled, up 161.1% to RM21.79 million.

• Net finance costs fell 22.6% to RM29.54 million.

• Share of profit from associates dropped 78% to RM37.40 million.

Outlook and guidance

• Ongoing geopolitical tensions and supply shocks are expected to keep aluminium prices elevated.

• Supply chain disruptions and freight cost volatility may increase logistics costs.

• Despite uncertainties, satisfactory performance is anticipated for FY2026, supported by strong aluminium prices and moderated alumina input costs.