Saliran Group Berhad (“Saliran” or the “Company”), an established supplier and distributor of pipes, fittings and flanges as well as related parts and accessories, and steel products today announced its financial results for the first quarter ended 31 March 2026 (“Q1 FY2026”), delivering stronger revenue growth supported by expanding customer accounts and continued domestic demand.
For the quarter under review, Saliran recorded revenue of RM113.36 million, representing an increase of 19.33% from RM95.00 million in the corresponding quarter last year (“Q1 FY2025”). Profit After Tax (“PAT”) improved to RM2.78 million, compared to RM2.64 million in Q1 FY2025, reflecting a 5.30% year-on-year increase despite a more competitive pricing environment.
The stronger revenue performance was mainly attributable to higher contribution from the Group’s core supply and distribution segment, supported by the Group’s customer acquisition strategy which enabled Saliran to secure more customer accounts during the quarter. The supply and distribution segment contributed RM111.87 million, while the manufacturing segment contributed RM1.49 million in Q1 FY2026.
On a quarter-on-quarter basis, revenue moderated from RM139.14 million in Q4 FY2025 to RM113.36 million in Q1 FY2026, mainly due to the completion of several customer projects in the preceding quarter, which resulted in lower revenue carried forward into the current quarter. However, PAT improved significantly from RM1.48 million in Q4 FY2025 to RM2.78 million in Q1 FY2026, representing an increase of 87.84%, as the preceding quarter had been affected by higher interest expenses, higher impairment losses on trade receivables and impairment loss on other investments (i.e. keyman insurance contracts).
Domestic demand remained the key driver for the Group, with local revenue contributing 98.77% of total revenue in Q1 FY2026, compared to 93.50% in Q4 FY2025. The remaining 1.23% was derived from overseas customers in Indonesia, Singapore, Vietnam and Thailand, providing the Group with continued regional exposure.
Mr. Liaw Choon Wei, Executive Chairman of Saliran Group Berhad commented,
“Our Q1 FY2026 performance reflects the resilience of Saliran’s core business and the continued demand for our supply and distribution solutions across domestic projects. The year-on-year revenue growth is the resultant of our customer acquisition efforts, which have helped broaden our customer base and strengthen our market reach.
While pricing adjustments were necessary to secure new customer accounts in a competitive environment, we remain focused on maintaining disciplined cost control, improving operational efficiency and managing margins prudently. Moving forward, we will continue to build on our domestic presence while selectively pursuing regional opportunities.”
Looking ahead, the Group remains cautious amid global steel price volatility, geopolitical uncertainties, trade policy risks and foreign exchange fluctuations, which may continue to affect supply chain conditions and cost structures. Nevertheless, Malaysia’s Gross Domestic Product (“GDP”) is projected to grow between 4.0% and 5.0% in 2026, underpinned by sustained domestic demand and investment activities.
Barring unforeseen circumstances, Saliran remains optimistic on its medium-term prospects, supported by its competitive strengths in the supply and distribution of pipes, fittings, flanges and steel products, particularly for the oil and gas industry.
The Company will continue to execute its growth strategies, including expansion into Indonesia and neighbouring overseas markets, enhancement of quality assurance and control procedures, expansion of its delivery truck fleet, and further development of its jointly-owned “THF” brand products.
For more information, visit https://saliran.com.my/.
