FEYTECH HOLDINGS BERHAD — Earnings Release 2026

May 18, 2026

FEYTECH

PRESS RELEASE

FOR IMMEDIATE RELEASE

Financial Performance Highlights:

• PBT surged 129% year-on-year in 1Q FY2026, outpacing 32% revenue growth, driven by a stronger product mix and improved gross margins (27.2% vs 20.0% previously) — notably a 68.9% jump in the automotive seat segment.
• A new 84-month seat cover supply contract with Proton worth RM96.83 million, plus the upcoming Hyundai Staria project, provides seven years of revenue visibility.
• The Group's strong cash position, with deposits, cash and bank balances of RM39.28 million and other investments of RM130.26 million as at 31 March 2026, affords it the discipline to ensure every ringgit is deployed to maximise shareholder value.

Feytech records RM6.07 mil profit before tax

Petaling Jaya, 19 May 2026: Feytech Holdings Berhad (5322) has recorded a 129% year-on-year increase in profit before tax (PBT) to RM6.07 mil for the first quarter ended 31 March 2026 ("1Q FY2026").

The Group's revenue grew 32% to RM38.93 million, resulting from the Group's deliberate focus on higher-value product mix and operating leverage.

The automotive seat segment was the primary growth driver, expanding 68.9% or RM23.57 million year-on-year. It's gross profit margins strengthened to 27.2% from 20.0% in 1Q FY2025, reflecting improved cost absorption, operational efficiencies, and a more favourable product mix across the Group's manufacturing operations.

"The first quarter result demonstrates the strength of Feytech's manufacturing core and our ability to execute on the right product decisions.

"We have improved our margin profile significantly while securing new projects that will underpin multi-year revenue visibility. The foundation we are building now is designed to deliver durable, not just immediate, value," said Feytech CEO Connie Go.

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FEYTECH

During the quarter, Feytech secured a new seat cover supply contract with Proton for an upcoming model.

The 84-month contract is expected to generate approximately RM96.83 million in total revenue, averaging RM13.8 million annually and further reinforces the Group's long-term order book visibility with its key OEM customers.

The Group also secured OEM contracts with Chery and Hyundai through the Completely Knocked-Down (CKD) assembly channel, broadening its base of relationships with major international automotive brands.

Feytech has extended the timeline for utilising RM51.5 million in IPO proceeds earmarked for the construction of its new corporate office with manufacturing plant and warehouse as well as Kulim Plant 2.

The decision reflects the Group's deliberate approach to project planning, allowing infrastructure timelines to mature and prioritising high-yield business development before committing capital. The Group's strong cash position, with deposits, cash and bank balances of RM39.28 million and other investments of RM130.26 million as at 31 March 2026, affords it the discipline to ensure every ringgit is deployed to maximise shareholder value.

"Our strong cash position gives us the discipline to deploy capital where and when it creates the most value. We are not in a hurry to spend for the sake of spending. Every commitment we make is measured against the quality of returns it delivers for our shareholders," Go said.

Expecting a structural shift in the automotive industry, Go added that the Group "remains cautiously optimistic this year with the Ministry of Investment, Trade and Industry's (MITI) recent announcement regarding more stringent EV import conditions is expected to drive foreign manufacturers toward local CKD assembly, directly benefiting local parts suppliers like Feytech.

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FEYTECH

About Feytech Holdings Berhad

Feytech Holdings Berhad is a Malaysian-based industrial group with a diversified portfolio of businesses, including automotive seat manufacturing, interior trim and related support services. The Group provides high-quality seat systems and components to a range of domestic and regional OEMs and continues to expand its manufacturing footprint in Malaysia to support localisation and value-added manufacturing.

Distributed by Strategic Public Relations Sdn Bhd on behalf of Feytech Holdings Berhad. For further information and media inquiries, please contact:

Cynthia Lee
Strategic Public Relations Sdh Bhd
+60 19-370 7200
cynthia.lee@sprg.com.my

Rachel Lim
Strategic Public Relations Sdh Bhd
+6016-314 0323
rachel.lim@sprg.com.my