PETALING JAYA: Global packaging manufacturer and property developer Scientex Bhd recorded a 14.8% rise in net profit to RM142.2 million for the third quarter ended April 30, 2026 (Q3’26), from RM123.9 million in the previous corresponding quarter.

Group revenue remained resilient at RM1.12 billion, representing a 0.7% year-on-year increase.

In the packaging division, revenue rose 2.5% to RM630 million in Q2’26 from RM614.8 million previously, supported by higher sales volume. Operating profit jumped 112.4% to RM73.2 million from RM34.5 million previously, driven by improved market sentiment, better margins amid prevailing market conditions, and an optimised product mix.

Meanwhile, the property division recorded revenue of RM487.8 million in the third quarter of FY2026, comparable to RM495.8 million previously, with the marginal 1.6% decrease attributable to the timing of several new project launches scheduled for the coming quarter. Operating profit moderated to RM129.5 million from RM143 million previously.

CEO Lim Peng Jin said, “We are steering our packaging division through global headwinds with a clear focus on operational stability and supply reliability. Our proactive approach continues to strengthen our ability to serve customers and remain competitive in a volatile market.

“Meanwhile, our property division is well-placed to strengthen its position in affordable housing, supported by sustained demand for value-driven offerings.

Healthy take-up across new project launches continues to give us confidence to expand our townships. Having delivered over 45,000 homes, we have now passed the 90% mark of our Vision 2028 target and are well on track towards delivering 50,000 homes nationwide.”

For the cumulative nine-month period ended April 30, 2026 (9M26), the group recorded a 2.5% increase in revenue to RM3.41 billion, compared to RM3.33 billion previously. Net profit rose 11.6% to RM420.3 million in 9M26, from RM376.4 million in the previous year’s corresponding period.

Looking ahead, the company said its packaging division will remain vigilant and agile in navigating market uncertainties, while continuing to focus on cost optimisation and operational efficiency to strengthen its resilience and competitiveness.

The property division continues to build a robust pipeline with three new townships lined up for launch: Scientex Melaka in Cheng (528 acres), Scientex SP Astana in Sungai Petani, Kedah (228 acres), and Scientex Bestari Jaya in Selangor (826 acres). These new townships will further broaden the group’s geographical footprint and contribute to its medium to long term growth, it added.

Scientex declared an interim dividend of 6 sen per share for the financial year ending July 31, 2026, representing a total payout of RM93.4 million to shareholders. The ex-dividend date is June 29, payable on July 17.