Astino Bhd’s net profit for the financial year ended 31 July 2026 rose 44% to RM49.66mil from RM34.42mil, The Star reported, as stronger export volumes and better operating margins lifted the bottom line while the top line stood still. Revenue for the full year eased 0.6% to RM633.4mil from RM636.9mil.
Astino (KL: ASTINO) is a roofing and building material products manufacturer and supplier. The group said gross profit margin widened to 10.3% in FY26 from 7.3% a year earlier, helped by an improved sales mix and better operating margins across the year.
The fourth quarter alone earned RM12.78mil against RM10.85mil a year earlier, driven by a higher-margin export sales mix. Quarterly revenue still fell 9.6% to RM152.7mil from RM168.8mil as local sales dropped 13.4%, though overseas sales climbed 106.7%, or RM5.8mil, cushioning much of the decline.
Net profit for the three months ended 31 July 2026 rose 17.8% year-on-year, and the group declared no dividend for the quarter. Astino’s shares closed one sen or 2.04% lower at 48 sen on 25 September, valuing the company at RM237 million, The Edge Malaysia said.
The numbers came from a filing with Bursa Malaysia on 25 September. Profit rose 44% while revenue slipped 0.56%, which points to the shift in the mix: net profit worked out to 7.8% of revenue in FY26, up from 5.4% in FY25, so the group kept more of every ringgit of sales than it did a year ago. The fourth quarter repeated the pattern, with profit up 17.8% on revenue that fell 9.6%.
The domestic backdrop is weaker. Astino remains exposed to the domestic building materials market, where softer steel demand and lower selling prices could weigh on margins in the quarters ahead. Its local steel market has already softened as demand eases, and the group said margin pressure could intensify if the trend persists.
“Demand should nonetheless find support from the ongoing rollout of 13th Malaysia Plan infrastructure projects and continued data centre construction activity, which are expected to help lift local sales volumes,” the group said.
The group also listed steel and commodity price volatility, ringgit movements and higher labour costs as risks to its cost base, on top of softer steel demand and weaker selling prices at home.
To manage them, Astino plans tighter production control, forward purchases, prudent inventory management and productivity improvements, while pushing further into higher-margin export sales. The group expects the export side to keep carrying more of the mix as it works through the softer home market.
