RGB 2Q profit falls 26pct despite revenue growing to US$27.2mln

Gaming equipment supplier and distributor RGB International Bhd reported a 26.3-percent year-on-year decline in second-quarter profit attributable to shareholders, despite an increase in revenue for the period. Such profit for the three months to June 30 was MYR10.3 million (US$2.6 million), compared with MYR14.0 million in the prior-year quarter. Revenue in the second quarter of 2026 rose 15.5 percent year-on-year, to MYR109.6 million. RGB announced a “second interim single tier dividend” of MYR0.003 per share, to be paid on October 16. In July, the firm paid a first quarterly dividend of MYR0.002 per share in respect of the financial year ending December 31, 2026. The Malaysia-listed company recorded quarterly earnings before interest, taxation, depreciation, and amortisation (EBITDA) of nearly MYR14.1 million, down 21.4 percent from a year earlier. RGB said revenue from its sales and marketing division increased by 20.1 percent year-on-year, to MYR93.1 million in the second quarter, “mainly due to higher number of products sold”. But the segment’s profit before tax declined by 21.1 percent to just under MYR12.0 million, which the company attributed mainly to “variation in product mix”. Revenue from the technical support and management division fell 3.1 percent year-on-year, to MYR15.8 million. The segment’s profit before tax nevertheless increased by 41.3 percent, to MYR1.4 million, helped by lower operating and administrative expenses, according to the company. For the first six months of 2026, group revenue increased by 16.9 percent year-on-year, to MYR197.0 million. First-half profit attributable to shareholders declined by 26.5 percent to MYR19.4 million, while EBITDA fell 19.0 percent to MYR26.6 million. The company said first-half revenue from its technical support and management business fell 17.3 percent, mainly because of weaker performance at several key outlets and the temporary closure of certain outlets in Cambodia’s Poipet region since June 2025. RGB said it remained “cautiously optimistic” about its prospects for full-year 2026, while noting that regional gaming performance would be influenced by regulatory developments, macroeconomic conditions, consumer spending and tourism trends in its principal markets, including the Philippines, Cambodia and Vietnam. The group said it would continue pursuing expansion opportunities and potential project rollouts across those markets.