DRB-HICOM posts strong Q2 profit, revenue up on Mobility segment growth

DRB-HICOM Berhad announced a significant financial performance for the second quarter of 2026, with profit before tax (PBT) climbing 20.2% year-on-year to RM148.12 million. This growth was accompanied by a substantial 33.1% increase in revenue, reaching RM5.50 billion compared to the same period last year.

The company attributed the stronger financial results primarily to the robust performance of its Mobility segment. This segment includes automotive sales and aerospace businesses. While the Postal and Services segments also contributed positively, the Banking and Property segments experienced more moderate results, partially offsetting the overall gains.

Looking at the first half of 2026, DRB-HICOM's PBT saw an even more impressive jump of 57.8%, totaling RM340.52 million, up from RM215.81 million in the previous year. Revenue for the half-year period increased by 24.4% to RM10.26 billion. The company highlighted that the sustained growth in PBT was driven by the continued strength of the Mobility segment and a reduction in losses within the Postal segment.

DRB-HICOM's Mobility segment revenue rose by 32.5% to RM7.99 billion, fueled by higher sales volumes for PROTON, contributions from the aerospace business following the acquisition of CTRM AeroSystems Sdn. Bhd., and automotive distribution. The Banking segment's revenue grew 8.6% to RM1.18 billion, while the Postal segment's revenue increased by 8.3% to RM964.55 million. The Services segment saw a 2.8% rise in revenue to RM106.35 million, primarily due to increased vehicle inspections at Puspakom. The Property segment, however, experienced a decline in revenue to RM24.29 million.

For the remainder of the fiscal year, DRB-HICOM anticipates a moderate performance, supported by domestic economic stability and ongoing operational efficiencies. Notably, PROTON achieved its best first-half sales in 15 years, selling 100,346 units and capturing a 42.6% market share in the electric vehicle (EV) segment with its Proton e.MAS brand. Pos Malaysia also demonstrated progress in its business recovery efforts, reducing losses by 30.1% in the first half of the year.