DRB-HICOM's H1 net profit holds steady at RM75.6mil, revenue jumps 24.4pct to RM10.26bil

KUALA LUMPUR: DRB-HICOM Bhd reported a steady net profit of RM75.56 million in the first half, with revenue increasing by 24.4% to RM10.26 billion. The growth in revenue was primarily driven by the mobility segment, which saw a 32.5% rise to RM7.99 billion, fueled by stronger Proton sales and broader automotive operations. The postal segment, however, experienced a narrower loss, while banking and properties segments saw weaker results.

Proton delivered its strongest H1 performance in 15 years, selling 100,346 units, up 39.1% year-on-year. The company's electrification strategy, particularly the e.MAS, has gained traction, capturing 42.6% of Malaysia's fully electric vehicle market in H1. DRB-HICOM expects a moderate outlook for FY26, focusing on operational improvements, digitalization, and technology adoption.