Financial
Snapshot
In 2025, the Group’s revenue fell 18.5% to RM1,419.6 million, mainly due to a sharp drop in construction revenue after completion of the Don Sahong’s fifth turbine in 2024. Lower Renewable Energy and Resources revenue was partly offset by full-year consolidation of CSC Group and higher Packaging revenue.
Pre-tax profit (excluding one-off gains) from the three core divisions declined slightly by 2.8% to RM514.6 million. This was mainly due to weaker Resources and Packaging performance, partly offset by higher Renewable Energy profit.
Overall, pre-tax profit decreased 16.5% to RM425.3 million, driven by lower construction profits, absence of insurance claim income, higher forex losses, higher losses from joint ventures/associates and the absence of a one-off expected credit loss write-back. This was partly offset by a write-back of over-accrued construction costs for the fifth turbine.
Profit after tax and non-controlling interests (PATNCI) declined to RM387.0 million, while normalised PATNCI (excluding associates, joint ventures, construction profits and non-operating items) decreased to RM437.2 million.
5 YEARS SUMMARY
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Amounts in RM’000 Unless Otherwise Stated | |||||
| Consolidated Statements of Profit or Loss and Other Comprehensive Income | |||||
| Revenue | 914,673 | 1,339,635 | 1,317,635 | 1,741,879 | 1,419,626 |
| EBITDA | 547,425 | 624,252 | 638,930 | 757,578 | 658,591 |
| Profit Before Tax | 539,580 | 490,569 | 476,788 | 509,319 | 425,285 |
| Profit After Tax | 530,665 | 475,727 | 451,640 | 491,018 | 404,690 |
| Profit After Tax Attributable to Owners of the Company | 462,330 | 396,804 | 383,708 | 459,178 | 386,973 |
| Consolidated Statements of Financial Position | |||||
| Total Assets | 3,869,262 | 4,289,023 | 4,508,411 | 5,121,355 | 4,958,430 |
| Equity Attributable to Owners of the Company | 2,393,104 | 2,750,647 | 3,056,908 | 3,324,524 | 3,348,184 |
| Total Equity | 2,739,576 | 3,191,026 | 3,224,018 | 3,544,454 | 3,554,205 |
| Financial Indicators | |||||
| Basic Earnings per Share (sen) | 48.8 | 42.0 | 40.7 | 48.7 | 41.0 |
| Net Assets per Share (RM) | 2.53 | 2.91 | 3.24 | 3.53 | 3.55 |
| Gross Dividend Yield (%) | 1.9% | 2.2% | 2.2% | 2.0% | 2.9% |
| Net Debt/Equity Ratio (%) | 19.0% | 6.9% | 12.2% | 24.8% | 15.9% |
| Share Price as at 31 December (RM) | 3.50 | 3.32 | 3.69 | 4.59 | 3.37 |
| Ordinary Shares in Issue as at 31 December | 945,420,802 | 945,305,802 | 942,759,502 | 942,541,502 | 942,204,302 |
| Market Capitalisation (RM’000) | 3,459,232 | 3,281,329 | 3,647,019 | 4,536,536 | 3,330,747 |