Master Tec Group Berhad (Master Tec) recently shared its financial results for the first quarter ending on 31 March 2025 (Q1 FY2025), reporting a revenue of RM70.2 million, which is a 4.6% increase from RM67.1 million during the same time last year.
The Group’s success was mainly driven by strong demand for copper low-voltage (LV) power cables, which increased to RM43.7 million from RM29.6 million in Q1 FY2024. Sales of control and instrumentation cables also grew to RM3.7 million from RM2.2 million last year. Although sales of aluminium low-voltage cables dropped to RM16.3 million from RM34.7 million, the growth in the trading segment, which rose to RM1.6 million from RM0.6 million, helped offset this decline. Additionally, the new contract revenue segment contributed RM4.9 million, mainly from Sediacom Sdn. Bhd. (“Sediacom”), which joined the Group in Q4 FY2024.
Master Tec reported a Profit Before Tax (PBT) of RM5.1 million in Q1 FY2025, the same as last year. Profit After Tax (PAT) was RM4.5 million, down from RM5.0 million a year earlier. The slight decrease was due to changes in sales mix and a lower gross profit margin of 11.84%, compared to 14.55% in Q1 FY2024.
Compared to the previous quarter (Q4 FY2024), the Group experienced a decline in revenue from RM96.4 million to RM70.2 million, mainly because of fewer working days during festive periods and the timing of customer deliveries. However, the Group’s profitability remained strong, helped by effective cost management and diverse revenue sources.
Mr. Tee Kok Hwa, Executive Director of Master Tec Group, expressed satisfaction with the first quarter’s performance, highlighting the steady contribution from the new infrastructure segment through Sediacom. He noted that while there was seasonal softness affecting revenue compared to the previous quarter, increased sales of copper-based cables and ongoing profitability demonstrate the Group’s strong foundation. Looking forward, Master Tec aims to strengthen its manufacturing and infrastructure areas, focusing on investments in capacity, technology, and personnel.
Master Tec is optimistic about its growth for FY2025. The Group plans to begin manufacturing medium-voltage (“MV”) power cables with a targeted capacity of up to 3,600 tonnes annually, expanding its product range and supporting larger infrastructure projects. Completing its new production facilities and machinery, along with active infrastructure development in Malaysia, is expected to enhance the Group’s competitiveness. As of 31 March 2025, the Group’s total order book was RM177.2 million, composed of RM168.2 million from Master Tec Wire & Cable (MTWC) and RM9.0 million from Sediacom, providing a solid revenue outlook and aiding the Group’s growth in the near term.
Additionally, Master Tec’s ongoing land acquisition in Mukim Jasin, Melaka, along with its capital investment of over RM12.2 million for new machinery and infrastructure development, highlights its long-term plan to scale operations and improve service capabilities. These efforts, combined with the successful integration of Sediacom’s specialized utility services, aim to transform the Group into a fully integrated solutions provider in Malaysia’s evolving power and energy infrastructure market.