Oiltek International's stock surged 3.36% during Monday's intraday trading session, continuing its strong performance amid growing institutional interest.
The company has attracted S$5.9 million in net institutional inflows in April 2026, according to market data. This investor confidence follows Oiltek's improved financial performance, where despite an 8.2% revenue decline to RM211.4 million in FY2025, net profit increased by 7.9% to RM32.0 million driven by significant gross margin expansion from 23.9% to 32.5%.
Furthermore, Oiltek's free cash flow turned positive at RM14.0 million, a substantial recovery from negative RM12.4 million the previous year. Supported by this cash generation and a debt-free balance sheet with RM99.7 million in cash, the company raised its total FY2025 dividend by 33.3% to S$0.012 per share. The firm also has a robust order book of RM312.8 million to be fulfilled over the next 18 to 24 months, providing stable outlook.