Mega First Corporation Berhad (MFCB) Earnings Call Transcripts

Mega First Corporation Berhad's Latest Earnings Call - Q1 FY2026

In the first quarter of fiscal year 2026, Mega First Corporation Berhad (MFCB:MY) reported a normalized revenue decline of 5.5% to MYR 1.73 billion, primarily due to weaker performance in the renewable energy and resources segments. Normalized profit before tax (PBT) decreased slightly by 1.8% to MYR 95.8 million, while normalized profit after tax and non-controlling interests (PATNCI) fell 4.7% to MYR 85.8 million, impacted by a new 5% corporate income tax on profits. Management maintained a cautious outlook, signaling potential earnings pressure due to macroeconomic challenges and cost inflation, while emphasizing a focus on cash preservation and strategic investments in renewable energy projects.

Reported metrics

Guidance from management

Management expects stable earnings in U.S. dollar terms for the renewable energy division and anticipates stronger hydro output in the second half of 2026. They have maintained a cautious outlook due to macroeconomic challenges.

What management said

All right. Welcome, everyone, to Mega First's First Quarter 2026 Results Briefing. This is the first time that Mega First is hosting this on our own. But before I proceed, can I just check with the participants attendees, whether you can hear me clearly. Can somebody say yes?

The overhaul cost will be expensed as and when they are accrued, and that started in December last year. So there was some. But I think in total, the turbine overhaul cost will probably be around USD 1.5 million to USD 2 million. So we are talking about USD 3 million to USD 4 million for the two turbines. And that will be spread out from December last year to first quarter this year and some in second quarter because...

What analysts pressed on

Analysts expressed concerns about the impact of rising costs and geopolitical tensions on future earnings. There were also questions regarding the effectiveness of management's strategy to rationalize non-core assets and secure new projects in renewable energy.

Main topics on the call

• Revenue Decline — The company experienced a 5.5% decline in normalized revenue, attributed to weaker performance in renewable energy and resources, partially offset by growth in packaging. Management noted, "the normalized revenue was aff...
• Corporate Tax Impact — The introduction of a 5% corporate income tax on profits has negatively affected the company's earnings, with management stating, "the decline is mainly because of the maiden 5% corporate income tax rate on Don Sahing pr...
• Renewable Energy Performance — Despite a revenue decline in the renewable energy segment, normalized PBT increased by 3.2% due to lower interest expenses and operational costs. Management highlighted, "the generation was up 6.4% to 514 gigawatt hour".
• Packaging Growth — The packaging segment saw a revenue increase of 6.3% to MYR 108 million, driven by expanded market reach and higher plant utilization. PBT in this segment rose 66% to MYR 7.3 million, indicating strong operational perfor...

Read the full Mega First Corporation Berhad transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 5 Mega First Corporation Berhad earnings call transcripts on record, spanning November 28, 2024 to May 25, 2026. Based on this history, Mega First Corporation Berhad reports semi-annually. The most recent call on file is dated May 25, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

MFCB

Exchange

KLSE

Country

MY

Sector

Utilities

Industry

Independent Power and Renewable Electricity Producers

Calls on record

5

First call

November 28, 2024

Most recent

May 25, 2026

Reporting cadence

semi-annually