Topmix Q2 profit jumps 14.8pct as decorative surface demand strengthens
KUALA LUMPUR: Topmix Bhd's second-quarter (Q2) profit rose 14.8 per cent as stronger demand for decorative surface products and cost optimisation lifted margins, with the company also expanding its product range and regional distribution network.
KUALA LUMPUR: Topmix Bhd's Q2 profit surged 14.8% as heightened demand for decorative surface items and cost-cutting initiatives boosted margins, alongside the firm's product portfolio expansion and regional distribution network growth. For the quarter ending June 30, 2026, profit after tax and minority interest reached RM4.6 million, up from RM4.0 million a year prior, while revenue climbed 12.3% to RM28.6 million, driven by consistent demand across all products.
Gross profit expanded at a faster pace than sales, increasing 26.8% to RM13.1 million, thanks to higher sales volumes and efficiency gains. The core revenue source remained high-pressure laminate (HPL) products, with revenue climbing 8.0% to RM24.7 million, making up 86.6% of total revenue. The company's customised compact panels saw a record 179.6% rise year-over-year to RM1.0 million, while melamine-faced chipboard (MFC) and door panel sales surged 44.7% to RM700,000.
Over the first six months, revenue climbed 13.3% to RM53.8 million, and cumulative profit after tax and minority interest rose 13.4% to RM8 million. HPL sales expanded 10.3% to RM47.3 million, constituting 87.9% of total revenue, while sales of other decorative surface products, primarily PVC plywood, grew 32.7% to RM3 million. Topmix manufacturer products, including MFC and door panels, jumped 64.4% to RM1.7 million as these items gained market traction following their March 2025 and March 2026 launches.
Topmix managing director Teo Quek Siang indicated the company would persist in product innovation and regional expansion, noting plans to further enhance its value proposition through myRuma, a renovation platform aimed at homeowners for comprehensive renovation management. The board announced a first single-tier dividend of 6.0 sen per share, totaling approximately RM2.4 million, representing a payout ratio of 29.5% of cumulative profit after tax and minority interest. The dividend will be distributed on October 2, 2026.
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