MBM Resources' first-quarter profit climbs 4% year-on-year to RM38.2 million
MBM Resources Bhd reported a 4% rise in first-quarter net profit to RM38.2 million as stronger vehicle sales lifted revenue and manufacturing output.
Source: Mbm Resources Bhd · August 6, 2026 at 6:30 AM · AI-assisted report
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KUALA LUMPUR, 6 AUGUST 2026 —
MBM Resources Bhd reported a 4% rise in first-quarter net profit to RM38.2 million as stronger vehicle sales lifted revenue and manufacturing output.
Market Impact
The automotive conglomerate, listed on Bursa Malaysia, posted revenue of RM1.7 billion for the three months ended 31 March 2024, up 8% from RM1.57 billion in the same period last year. Total Industry Volume in Malaysia rose 5% year-on-year to 182,000 units, driven by sustained demand from 2023’s record sales.
Group Chief Executive Officer Rizal Mohd Zin attributed the top-line growth to “vehicle demand across segments,” including commercial and passenger vehicles. Manufacturing throughput increased alongside unit sales, he said.
Profit after tax and minority interest (PATAMI) rose to RM38.2 million from RM36.7 million a year earlier. However, the increase was capped by slower growth at associates and the absence of a RM1.5 million cost-recovery gain recorded in Q1 2023. Operating profit before tax climbed 12% to RM75.8 million.
Federal Auto Holdings Bhd, MBM Resources’ wholly-owned motor trading unit, will open a Jaecoo premium-SUV dealership in June. The first outlet will occupy a 1S showroom at Menara MBMR in central Kuala Lumpur, followed by a 4S facility in Segambut next year.
“We believe in Jaecoo’s vision of offering high-quality vehicles at affordable prices and their commitment to an electrified future with hybrid and electric models,” Rizal said. The brand will complement MBM Resources’ existing lineup, which spans entry-level and luxury vehicles.
Jaecoo Malaysia President Leo Chen said the partnership aligned with the brand’s goal of delivering “the best ownership experience” in Malaysia.
MBM Resources operates two core businesses: motor trading and automotive parts manufacturing. Its motor trading segment distributes brands such as Perodua, Volvo, Volkswagen, Daihatsu and Hino, covering compact cars to commercial vehicles. The parts unit produces steel wheels, safety restraint systems and noise-vibration-harshness components, supplying all major carmakers in Malaysia.
The group’s Q1 2024 results follow a 2023 net profit of RM145.6 million, up 15% year-on-year. Analysts tracking the stock will watch Federal Auto’s Jaecoo rollout for margin impact and the timing of its Segambut 4S outlet.
MBM Resources’ board includes Low Hin Choong, a director since 2001 and member of the Risk Management and Sustainability Committee; Ng Seng Kong, a chartered accountant who serves as Managing Director of UMS Holdings Bhd; Wong Fay Lee, Chairman of the Risk Management and Sustainability Committee; and Annie Chin, the Group Chief Financial Officer since 2020.
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