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KUALA LUMPUR (June 26): Gamuda Bhd’s (KL:GAMUDA) net profit rose 4.51% in the third quarter ended April 30, 2026 (3QFY2026), underpinned by stronger contributions from its domestic construction activity.
Net profit for 3QFY2026 increased to RM257.98 million from RM246.84 million a year earlier, according to the group's Bursa Malaysia filing on Thursday (June 25).
Quarterly revenue surged 43.56% to RM4.44 billion in 3QFY2026 from RM3.09 billion previously.
The company has proposed an interim dividend of five sen per share, with the entitlement date to be announced later.
Shareholders will also be given the option to reinvest the dividend into new Gamuda shares under the group's dividend reinvestment plan (DRP), subject to Bursa Malaysia's approval.
Gamuda attributed the stronger quarterly performance mainly to higher work progress from domestic construction projects, which offset lower overseas contributions, as several Australian projects reached the tail end of construction.
For the nine-month period of FY2026, net profit rose 4.7% to RM702.63 million from RM671.08 million last year, while revenue increased 13% to RM12.58 billion from RM11.13 billion.
Record RM52 billion outstanding construction orderbook
During the quarter, the group secured RM11.7 billion worth of new projects, lifting year-to-date contract wins to RM25.1 billion and its outstanding construction order book to a record RM52 billion.
The new contract wins comprised solar farm projects in Australia, a water supply scheme and a hyperscale data centre in Malaysia, as well as a mass rapid transit project in Taiwan.
Looking ahead, Gamuda said earnings for FY2026 are expected to be driven by domestic construction projects, including the construction of several data centres.
Gamuda also sees its earnings prospects being fuelled by higher contributions from its property projects, particularly the Eaton Park development in Vietnam, which has generated robust sales and higher margins.
Although recent land acquisitions in Vietnam and Singapore, coupled with development spending, have lifted gearing to 73% from 53% a year ago, it expects gearing to reduce next year.
Gamuda’s share price closed down 2.52% or 11 sen to RM4.25 on Thursday, giving the company a market capitalisation of RM25.34 billion.
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