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- Overseas property earnings advanced 68%, contributing to the 22% overall profit growth.
KUALA LUMPUR (Sept 19): Gamuda Bhd registered a 22% increase in fourth-quarter net profit to RM332.15 million, compared with RM272.49 million in the corresponding period a year earlier.
In a filing with Bursa Malaysia on Friday, the company attributed the stronger earnings to a significant rise in domestic construction income.
Meanwhile, quarterly revenue grew 3% to RM4.84 billion from RM4.72 billion, supported by a 122% surge in domestic construction revenue.
Overseas property earnings advanced 68%, contributing to the 22% overall profit growth. Construction revenue and net profit for the quarter rose 13% and 25%, respectively, on higher domestic contributions.
For the cumulative period ended 31 July 2025, net profit rose to RM1 billion from RM912.13 million, while revenue increased to RM15.97 billion from RM13.35 billion.
The group said this marked the first time the group has reached the RM1 billion level. The performance was largely supported by domestic construction projects.
The group’s construction order book expanded to RM38 billion, bolstered by RM25 billion in new job wins during the year.
Looking ahead, the group expects earnings to be driven by newly awarded domestic construction contracts, including several data-centre projects, and by higher contributions from its property portfolio, particularly Vietnam’s Eaton Park development, which has recorded strong, high-margin sales.
Management cited a record RM38 billion construction order book, with data-centre projects accounting for about 10%, and RM8 billion in unbilled property sales as key supports for future performance. The company added that the property division’s land acquisitions and ongoing project development lifted gearing to 53%, from 39% a year earlier, remaining below its self-imposed 70% limit.
As Penang girds itself towards the last lap of its Penang2030 vision, check out how the residential segment is keeping pace in EdgeProp’s special report: PENANG Investing Towards 2030.
