MSB Global Group Berhad (“MSB Global” or the “Group“), a leading player in Malaysia’s aftermarket automotive parts and components industry, today announced its financial results for the first quarter ended 31 March 2026 (“Q1 FY2026”), delivering a resilient performance amid softer customer ordering trends and a more competitive operating environment.
For Q1 FY2026, the Group recorded revenue of RM12.75 million and profit after tax (“PAT”) of RM0.98 million, compared with revenue of RM13.83 million and PAT of RM1.51 million in the corresponding quarter last year (“Q1 FY2025”).
The aftermarket automotive parts and components segment recorded revenue of RM8.09 million during the quarter, a decrease of 15.46% as compared to RM9.57 million in Q1 FY2025. Nevertheless, the decline was partially cushioned by continued growth in the automotive lubricants and fluids segment, which increased to RM4.66 million from RM4.21 million previously, reflecting improving contribution from higher-margin lubricant-related products.
Despite the moderation in revenue, MSB Global remained profitable and operationally cash generative during the quarter. Net cash generated from operating activities rose significantly to RM1.98 million, compared with RM0.65 million in the preceding corresponding quarter, supported by disciplined working capital management and continued focus on operational efficiency.
The Group also maintained a healthy liquidity position with cash and bank balances, including fixed deposits, amounting to RM40.92 million as at 31 March 2026.
Datuk Ow Kee Foo, Managing Director of MSB Global, commented,
“The Group continued to demonstrate operational resilience during the quarter. Importantly, we further strengthened our operational positioning through tighter cost management, healthier liquidity and selective strategic initiatives that support our longer-term growth direction.
The lubricants and fluids segment continued to show encouraging resilience during the quarter, supported by higher sales contribution from the segment.”
Looking ahead, while market conditions are expected to remain competitive amid softer consumer spending trends, MSB Global believes the automotive aftermarket industry will continue to benefit from recurring vehicle maintenance demand and Malaysia’s stable vehicle population.
According to the Malaysian Automotive Association (“MAA”), Malaysia’s Total Industry Volume (“TIV”) reached 820,752 units in 2025, marking the second consecutive year above the 800,000-unit level. Against this backdrop, the Group will continue prioritising margin preservation, prudent inventory management and selective expansion initiatives while maintaining a disciplined operational approach amid a competitive market environment.
For more information, visit https://msbglobal.com.my/.
