MCE Revenue Climbs 21.5%, but Profit Falls as US and India Projects Emerge

Kuala Lumpur, 30 September 2026 – MCE Holdings increased annual revenue by 21.5% to RM185.47 million in the year ended 31 July 2026, supported by vehicle programmes already in production and a ramp-up of newly launched models. The top-line growth came with a less straightforward profit picture: profit attributable to owners fell to RM16.28 million from RM23.91 million, a prior-year figure that included a one-off land disposal gain.

MCE said the comparable prior-year profit would have been RM17.59 million without that gain. Even on that adjusted comparison, FY2026 attributable profit was lower, indicating that revenue growth did not fully offset operating pressures. Investors should resist treating the 21.5% sales increase as an equivalent improvement in earnings. The distinction matters as the company brings its Serendah MCE Auto Hub into operation and spends to support higher-volume, more advanced electronics work.