Able Global Berhad (“AGB” or “the Group”), an investment holding company primarily involved in tin cans manufacturing, Food & Beverages (“F&B”), and property development today announced its unaudited financial results for the first quarter ended 31 March 2026 (“Q1FYE2026”).
For the quarter under review, the Group recorded revenue of RM180.73 million, a 14.7% increase from RM157.50 million recorded in the corresponding quarter of the previous financial year (“Q1FY2025”). The growth was primarily driven by higher demand across the tin cans manufacturing and F&B segments.
In line with the revenue growth, profit before tax (“PBT”) surged 39.7% to RM25.56 million compared with RM18.30 million in Q1FY2025. Profit after tax attributable to owners of the Company (“PATAMI”) rose 37.1% to RM19.32 million from RM14.09 million in Q1FY2025. The improvement was supported by stronger contributions from the F&B segment and better performance from the Group’s joint venture in Mexico. Earnings per share (“EPS”) likewise improved to 6.28 sen in Q1FY2026 from 4.58 sen in Q1FY2025.
Segmentally, the Group’s revenue remained resilient across its core businesses, with the F&B segment continuing to be the major revenue contributor. Revenue contributions for Q1FY2026 were RM151.62 million from F&B (83.9%), RM26.41 million from tin cans manufacturing (14.6%), and RM2.70 million from property development (1.5%).
The Management of AGB said, “We are pleased to have started FY2026 on a positive note despite the escalation of the US-Iran conflict in late February 2026 caused severe disruptions to the Strait of Hormuz, driving up freight costs and commodity price volatility across many industries.
Our tin cans manufacturing and F&B segments remained the key pillars of our performance. Demand from customers remained firm and we continued to manage our operations efficiently despite rising input costs and foreign exchange volatility. On the property development front, infrastructure work at our Kapar land has commenced and is expected to progressively contribute revenue to the Group, while our Carey Island land is currently pending approval from the relevant authorities to proceed with development.
Our joint venture in Mexico, Able Dairies Mexico SAPI de CV, performed strongly this quarter, with share of profit rising to RM3.84 million from RM0.98 million in Q1FY2025. The performance of our Mexico operations has been steadily improving and contributing positively to the Group’s overall earnings, supported by healthy domestic dairy consumption and growing demand in the Mexican market. We remain focused on growing this business and delivering long-term value for our shareholders.”
The Board of Directors is pleased to declare a first interim dividend of 2.0 sen per ordinary share in respect of the financial year ending 31 December 2026. The date of payment and book closure of the said interim dividend will be determined at a later date.