Tik...tok...tik...tok....tik...tok..... 9M26 revenue jumped to RM31.0m from RM13.4m, while it swung from RM11.4m loss to RM4.7m profit. Good recovery, no doubt. But remember, the comparison is against a very weak FY25. 😂 Growing from a hole is still climbing out of a hole. No pun intended.

FY25 was seriously weak lor..FY2025 was a challenging year for ECA, with weak semiconductor-related machine demand amid geopolitical uncertainty, tariffs and supply-chain issues. So before extrapolating the 2026 recovery, I'd like to see whether semiconductor capex is genuinely entering a sustained upcycle.

9M26 profit was only RM4.7m on RM31.0m revenue. That's a roughly 15% net margin, but the absolute profit base remains small. One delayed machine order can make a surprisingly large difference to quarterly earnings. Small-cap equipment companies can have very lumpy P&Ls. 😂