KUALA LUMPUR, Lysaght Galvanized Steel Bhd announced that it has secured a significant contract worth S$17.37 million (RM57.07 million) from Singapore-based traffic engineering specialist ATS Traffic Pte Ltd. The deal involves the supply of street lighting poles, further strengthening Lysaght’s presence in the city-state’s infrastructure sector.
In a Bursa Malaysia filing on Thursday, the company said the contract will be executed through its wholly-owned subsidiary, Lysaght Marketing (S) Pte Ltd. Deliveries under the agreement commenced in the third quarter of 2025 and are scheduled to run over a six-year period, underscoring the long-term nature of the partnership.
This latest win adds to a series of contracts secured earlier this year. In May, Lysaght’s Singapore unit bagged S$6 million worth of orders from Guthrie Engineering (S) Pte Ltd, followed by another S$6.9 million deal from Sing Moh Electrical Engineering Pte Ltd in June. With the new ATS Traffic award, the subsidiary has now secured a total of S$30.27 million (RM99.46 million) in contracts within just a few months, signaling strong demand for its street lighting and traffic-related infrastructure products.
Financially, however, the group has faced headwinds. For the quarter ended June 30, 2025, Lysaght posted a net profit of RM1.13 million, more than 50% lower than the RM2.79 million recorded in the same quarter last year. Revenue slipped 19.3% year-on-year to RM19.23 million from RM23.83 million, reflecting softer sales momentum. On the market front, Lysaght’s shares closed three sen higher at RM2.53 on Thursday, giving the company a market capitalisation of RM105.2 million.
