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- Its core construction segment continued to perform well, supported by stronger work progress and improved profitability.
KUALA LUMPUR (Nov 28): IJM Corp Bhd posted higher revenue for its second quarter, although net profit slipped due to softer contributions from its property development and port operations.
In a bourse filing on Thursday, the group reported a 10.4% rise in revenue to RM1.67 billion from RM1.52 billion previously. Net profit for the three months ended Sept 30, 2025 (2QFY2026) eased to RM65.78 million from RM74.21 million a year earlier.
Its core construction segment continued to perform well, supported by stronger work progress and improved profitability.
The group declared an interim dividend of two sen per share, payable on Jan 7.
For the six months ended Sept 30, 2025 (6MFY2026), revenue increased 16.7% to RM3.41 billion from RM2.92 billion, while net profit saw a marginal decline to RM161.39 million compared with RM161.09 million in the corresponding period.
Looking ahead, IJM said construction momentum is expected to remain robust, backed by major data centre projects currently underway.
The property development division will focus on product differentiation to navigate subdued market conditions, while the port segment anticipates a softer performance, partly due to key customers undertaking major maintenance works.
In the filing, the group added that the port business also faces a cautious outlook amid global trade tensions and weaker steel demand.
Barring foreign exchange volatility, IJM said it expects to deliver a satisfactory performance for the financial year.
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