Asia Pacific Wire & Cable Fiscal Q3 2026 Revenue Rises 26% as Copper Prices Climb

Asia Pacific Wire & Cable Corporation Limited (APWC) saw fiscal third-quarter 2026 revenue rise 26% year over year, with international copper prices among the factors the company cited for the gain.

Revenue reached $161.71 million for the three months ended Sept. 30, compared with $128.4 million in the year-earlier quarter and $136.6 million in fiscal second-quarter 2026. The company announced the results Nov. 12. Sales increased 18% from the preceding quarter.

APWC is incorporated in Bermuda and has its principal executive offices in Taiwan. Its subsidiaries manufacture and distribute enameled wire, power cable and telecommunications products in Thailand, Singapore, Australia, China, Hong Kong and other Asia Pacific markets. The company also distributes wire and cable products and provides power-cable project engineering services.

Earnings per share was $0.03, compared with $0.05 a year earlier and $0.01 in the preceding quarter. That was a 40% year-over-year decline and a 200% sequential increase. Copper unit volume, measured by the tonnage of copper in sold wire and cable, rose 10% from the prior quarter but was 13% below the year-earlier level. The measure excludes other materials such as aluminum and insulation.

Revenue increased across APWC’s reported segments. North Asia generated $33 million, up 55% year over year; Thailand contributed $61.9 million, up 23%; and the segment labeled ROW brought in $66.8 million, up 18%.

Gross profit grew 14% year over year to $12.7 million, while gross margin narrowed to 7.9% from 8.7%. APWC attributed the annual margin decline in part to longer public-sector contract execution, which reduced the margin benefit from higher copper prices. The sequential margin decrease from 8.1% was tied mainly to product mix.

Operating activities used $5.9 million in cash during the quarter, compared with an $18 million inflow in the prior quarter. APWC linked the outflow mainly to greater cash needs for raw-material purchases amid rising copper prices. Cash and cash equivalents totaled $60.2 million at Sept. 30, down $4.4 million from the preceding quarter, primarily reflecting supplier payments. Inventory was $177.3 million, an increase of $6 million from the prior quarter, reflecting higher in-transit stock, shipping disruptions and raw-material purchases for production.