Vicom - 1st quarter results update is out.Operating Profit ↑ $3.0m – Higher revenue offset by higher operating costs. • PATMI ↑ $2.5m – Higher operating profit offset by higher tax and lower interest income

 Operational Update for 1Q 2026

The Group delivered a strong performance in the first quarter of the year, underpinned

by sustained demand across its core services in the first two months of the year. In

March, however, demand for testing services in the Oil & Gas sector was impacted by

the Middle East conflict.

Installation activities under the ERP 2.0 OBU project also proceeded at a slower pace as

most of the installation had already been completed.

Overall, the Group’s performance remained resilient despite external headwinds,

supported by its diversified service offerings.

• Revenue ↑ $3.8m – Contributed by sustained demand across its core services as well as from the OBU installation under the 

ERP 2.0 OBU project. 

• Operating Costs ↑ $0.8m – Contributed by higher staff costs mainly from annual salary increments. 

• Operating Profit ↑ $3.0m – Higher revenue offset by higher operating costs.

• PATMI ↑ $2.5m – Higher operating profit offset by higher tax and lower interest income.

• Balance sheet remains strong with cash & cash equivalents of $59.9m.

• Total assets increased by $8.5m contributed by net cash generated, higher non-current assets from net additions to

vehicle, premises and equipment offset by lower trade receivables. The increase in vehicle, premises and equipment

mainly relates to progress billings for the Jalan Papan project.

• Total liabilities decreased by $1.4m due to lower trade and other payables offset by increase in income tax payable