• Quarterly revenue of $161.7 million, up 18% from Q2 and up 26% from a year ago.
• Quarterly EPS was $0.03, up 200% from Q2.

TAIPEI, Taiwan, Nov. 12, 2026 (GLOBE NEWSWIRE) -- Asia Pacific Wire & Cable Corporation Limited ("APWC" or the "Company") (NASDAQ: APWC) today announced its financial results for the third quarter ended September 30, 2026.

Quarterly revenue was $161.7 million, up 18% from the previous quarter and up 26% from a year ago.

For the quarter, earnings per share were $0.03, up 200% from the previous quarter and down 40% from a year ago.

Copper unit volume, measured by the tonnage of copper contained in the wire and cable sold, increased 10% sequentially and decreased 13% from a year ago. This does not include other raw materials, such as aluminum and insulation materials.

“While higher copper prices supported revenue growth, they also presented challenges to product margins and increased working capital requirements. The Company remains committed to maintaining sufficient liquidity and financial flexibility while continuing to pursue its long-term business objectives,” stated the Chief Financial Officer of APWC.

Q3 Fiscal 2026 Summary

Revenue
Revenue for the third quarter was $161.7 million, representing a 26% year-over-year increase. The growth was primarily driven by the continued appreciation of international copper prices, the steady execution and completion of public-sector contracts, and continued development of new customer relationships.

North Asia revenue for the third quarter was $33.0 million, up 55% year over year and 12% sequentially. The increase was primarily driven by higher copper prices and increased export revenue from continued development of overseas customers.

Thailand's revenue grew significantly in the third quarter, up 23% year over year and 20% sequentially, reflecting strong execution of public-sector orders and private-sector investment in manufacturing, supported by rising copper prices.

ROW revenue for the third quarter was up 18% from a year ago and 21% sequentially, driven primarily by the progressive completion of public-sector contracts in Singapore and new customer development in Australia.

Gross Profit
Gross profit margin for the third quarter was 7.9%, down from 8.1% in the preceding quarter and 8.7% in the prior-year period. The sequential decline primarily reflected changes in product mix, while the year-over-year decrease was mainly attributable to the longer execution period of public-sector contracts, which reduced the margin benefit from higher copper prices.

Expenses
Total selling, general, and administrative expenses increased 5.3% year over year, primarily due to increased selling expenses consistent with higher sales.

Balance Sheet and Cash Flow

Cash and cash equivalents were $60.2 million, a decrease of $4.4 million from the preceding quarter, primarily reflecting payments made to suppliers.

Trade receivables for the third quarter rose to $131.5 million, up $18.8 million from the preceding quarter. The increase primarily reflected higher sales during the quarter and the timing of customer collections.

Inventory of $177.3 million represents an increase of $6.0 million from the preceding quarter. The increase primarily reflected higher in-transit inventory resulting from extended ocean transit times and shipping schedule disruptions, as well as raw material purchases to support ongoing production requirements.

Cash flow from operating activities generated an outflow of $5.9 million in the third quarter, compared to a net inflow of $18.0 million in the prior quarter. The outflow primarily reflected higher cash requirements for raw material purchases due to rising copper prices. 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. The year-over-year change primarily reflected increased borrowings to fund raw material purchases amid continued increases in copper prices.

We encourage shareholders to visit the Company's website for further information (www.apwcc.com). Information on the Company's website or any other website does not constitute a portion of this release.

About Asia Pacific Wire & Cable Corporation Limited

Asia Pacific Wire & Cable Corporation Limited is a holding company incorporated in Bermuda with principal executive offices in Taiwan that operates its business through operating subsidiaries. Through these subsidiaries, the Company is principally engaged in the manufacture and distribution of enameled wire, power cable, and telecommunications products in Thailand, Singapore, Australia, the People’s Republic of China, Hong Kong and certain other markets in the Asia Pacific region. The Company also engages in the distribution of various wire and cable products manufactured by its controlling shareholder, Pacific Electric Wire & Cable Co., Ltd., and certain third parties. The Company also provides project engineering services in the supply, delivery and installation of power cable. The Company’s major customers include appliance component manufacturers, electrical contracting firms, state owned entities, and wire and cable dealers and factories.

Safe Harbor Statement

This release contains certain “forward-looking statements” relating to the Company, its business, and its subsidiary companies. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes”, “anticipates”, “expects”, “estimates”, “intends”, “plans” or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as believed, anticipated, expected, estimated, intended or planned. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s reports that are filed with the Securities and Exchange Commission and available on the website (www.sec.gov). All forward-looking statements attributable to the Company, or to persons acting on its behalf, are expressly qualified in their entirety by these factors, other than as required under applicable securities laws. The Company assumes no duty to update these forward-looking statements.

Investor Relations Contact:
Pacific Holdings Group
2901 Dallas Parkway, Suite 360
Plano, TX 75093
Attn: Paul Weber
Phone: (469) 797-7191
Email: pweber@pusa.com