Dnex Q2 net profit jumps on stronger semiconductor, trade facilitation growth

Dnex Bhd's (Dnex) net profit surged 33.2% to RM26.55 million in the second quarter of 2026, climbing from RM19.94 million in the same period last year. This growth was fueled by its semiconductor and IT businesses. Revenue for the quarter increased by 8.4% to RM284.81 million, compared to RM262.71 million in the same period in 2025.

The semiconductor segment saw a revenue of RM187.4 million, up 21% year-over-year, driven by increased shipment volumes and higher average selling prices. The IT segment grew by 40% year-over-year to RM21.7 million, boosted by higher revenues and improved margins in the trade facilitation segment. For the half-year period, Dnex posted a net profit of RM39.33 million, reversing a loss of RM59.09 million in the same period from 2025.

However, its revenue for the six months fell to RM552.36 million from RM559.54 million. Dnex's COO and CFO, Vinie Chong Pui Ling, attributed the improved earnings to strategic consolidation, cost optimisation, and integration initiatives across the group, which have strengthened the balance sheet, enhanced operating leverage, and positioned the company on a resilient footing.

As of June 30, 2026, DNeX holds a cash balance of RM694.7 million, with borrowings of RM167.1 million. Total assets amount to RM3.6 billion, and total equity stands at RM1.7 billion. Looking ahead, Dnex remains focused on revenue growth and operational excellence by driving efficiency, cost discipline, and productivity across its businesses while maintaining disciplined capital management and prudent resource allocation. Dnex's share price has risen 64.5% year-to-date, closing at 51 sen as of last Friday.