KUALA LUMPUR: Engineering solutions provider Destini Berhad has posted a net profit of RM23.2 million for the nine-month period ended March 31, 2025, buoyed by steady growth across its rail, defence, and energy operations. The group’s revenue totalled RM250.2 million, reflecting robust demand and the continued execution of high-value contracts.
The company’s latest quarterly performance also remained solid. Destini recorded revenue of RM87.67 million for the third quarter, a 4.9% increase from RM83.56 million in the preceding quarter. Profit after tax for the period came in at RM8.47 million, up 4.8% quarter-on-quarter from RM8.09 million.
Executive director Ismail Mustaffa expressed confidence in the group’s prospects, stating that Destini is on track to close the financial year on a strong note. “With sustained momentum across all business segments, the ongoing execution of high-value contracts, and strategic contributions from recent acquisitions, Destini is well-positioned to deliver continued growth,” he said.
A key indicator of the group’s future potential is its growing tender book, which stood at RM1.01 billion as of March 31, underscoring Destini’s strong pipeline of opportunities.
Segmental Highlights
Destini’s mobility division emerged as the top-performing segment, contributing RM49.6 million in revenue and RM4.32 million in profit after tax and non-controlling interest (PATNCI). The strong showing was attributed to the successful delivery of three train units to the Ministry of Transport and the first revenue contribution from its recent acquisition of Trovon Group Pty Ltd, an Australian firm. The acquisition is expected to bolster Destini’s access to international markets and positively impact future earnings.
In a notable turnaround, the aviation and defence segment posted RM22.42 million in revenue and RM2.42 million in PATNCI, rebounding from a loss of RM3.97 million in the same period last year. This marks a significant recovery in the division, driven by improved operational execution and contract fulfilments.
The marine division delivered RM12.27 million in revenue and RM1.07 million in PATNCI, maintaining a steady contribution to the group’s overall performance. Meanwhile, the energy segment reported a modest RM260,000 profit on RM3.38 million in revenue. The return to profitability was supported by increased rig-related activity and effective cost management.
A Diversified Engineering Powerhouse
Destini is an integrated engineering group with diversified operations in mobility, aviation and defence, marine, and energy. The company offers maintenance, repair, and overhaul (MRO) services for both rail and aviation assets, supplies marine safety and defence equipment, and is expanding into renewable energy solutions.
The group’s strategic expansion, particularly through its acquisition of Trovon, signals its intent to strengthen its global presence and unlock new sources of revenue. As its tender book grows and operational performance improves across all sectors, Destini is positioning itself as a resilient and future-ready engineering partner in Malaysia and beyond.
With one quarter left in the fiscal year, market watchers will be observing whether Destini can sustain its upward momentum and deliver on its growth ambitions amid a complex global economic environment.
