Oiltek’s Q3 net profit rises 6.2% YoY on margin gains

Improved margins lift quarterly income despite segment challenges.

Oiltek International Limited reported a 6.2% year-on-year increase in net profit in the third quarter, reaching $2.97m (RM 9.54m), compared to $2.78m (RM 8.98m) in Q3 2024.

The improvement was supported by higher gross profit margins in the Edible & Non-Edible Oil Refinery, and the Product Sales and Trading segments.

For the nine-month period, net profit rose by 22.9% to $7.34m (RM 23.67m) from $5.97m (RM 19.26m) in 9M2024. The increase reflected stronger margins across the same core segments and partially offset the impact of lower revenue in certain lines.

The Group’s financial position remained stable, with net assets at $28.52m (RM 92.00m) and cash and bank balances at $28.74m (RM 92.80m) as of 30 September 2025.

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