APWC Announces Financial Results for the Third Quarter of 2026

(NASDAQ:APWC) Asia Pacific Wire & Cable Corporation Limited announced its financial results for the third quarter ended September 30, 2026. Quarterly revenue was $161.7 million, representing an 18% increase from the previous quarter and a 26% increase from the same period a year ago. Earnings per share for the quarter were $0.03, up 200% from the previous quarter but down 40% from a year ago. Copper unit volume increased 10% sequentially but decreased 13% year-over-year, excluding other raw materials. Gross profit for the quarter was $12.7 million, up from $11.0 million in Q2 FY2026 and $11.1 million in Q3 FY2025. Operating expenses were $7.7 million, unchanged from the previous quarter and up from $7.3 million a year ago. Operating profit was $3.5 million, compared to $3.4 million in Q2 FY2026 and $3.8 million in Q3 FY2025. Net income for the quarter was $1.2 million, up from $0.8 million in the previous quarter and $1.1 million a year ago. Revenue by segment for Q3 FY2026 was $33.0 million for North Asia, $66.8 million for ROW, and $61.9 million for Thailand. Gross profit margin for the quarter was 7.9%, down from 8.1% in the previous quarter and 8.7% in the prior-year period. Total selling, general, and administrative expenses increased 5.3% year-over-year. Cash and cash equivalents at quarter-end were $60.2 million, a decrease of $4.4 million from the preceding quarter. Trade receivables rose to $131.5 million, up $18.8 million from the previous quarter. Inventory was $177.3 million, an increase of $6.0 million from the preceding quarter. Cash flow from operating activities was an outflow of $5.9 million in the third quarter, compared to an inflow of $18.0 million in the prior quarter. Net cash provided by financing activities was $1.5 million in the third quarter, compared with $10.5 million in the preceding quarter and net cash used of $10.3 million in the prior-year period. For the three months ended September 30, 2026, profit for the period was $3.0 million, with $1.2 million attributable to equity holders of the parent and $1.8 million to non-controlling interests. Basic and diluted weighted average common shares outstanding for the quarter were 41,232,454. As of September 30, 2026, total assets were $463.3 million and total equity was $273.8 million. The company operates in Taiwan, Thailand, Australia, and China.

Asia Pacific Wire & Cable Corporation Limited Announces Chief Financial Officer Change

Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) announced the replacement of Ben Lee by Brian Ma as Chief Financial Officer effective April 30, 2026. Brian Ma will serve as Acting Chief Financial Officer starting April 29, 2026, until the Board of Directors considers his permanent appointment. Mr. Ma brings over 20 years of finance and accounting experience, including senior roles at publicly listed companies and financial institutions in Taiwan. The company expressed gratitude to Mr. Lee for his service and mentioned his relocation plans. This leadership change is significant for investors as it may impact the company's financial management and strategy.