Ancom Nylex's Q1 profit jumps 15pct to RM24.13mil on higher RM533.42mil revenue
KUALA LUMPUR: Ancom Nylex Bhd's net profit rose 15.2 per cent to RM23.13 million in the first quarter ended Aug 31, 2026 lifted by its industrial chemicals segment.
Ancom Nylex's net profit surged 15.2% to RM23.13 million in Q1 2026, driven by its industrial chemicals segment. Revenue for the quarter increased to RM533.42 million from RM447.36 million a year ago. The industrial chemicals segment reported a 32.8% YoY revenue rise to RM355.9 million, accompanied by almost double the pre-tax earnings at RM19.4 million.
This improvement was attributed to healthier margins and higher operational efficiency in the segment's distribution business. Agrichem generated RM136 million in revenue and RM24.2 million in pre-tax profit, though the stronger Ringgit against the US dollar impacted the translated value of export sales. Group CEO and MD Datuk Lee Cheun Wei expressed confidence in the Agrichem segment's growth, citing sustained demand, especially in Brazil where the MSMA product for soybean use has seen promising results.
Despite this positive outlook, Lee cautioned about the external environment, citing disruptions in the Strait of Hormuz and their impact on energy prices and business sentiment.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
