Earthworks and civil engineering services provider Wawasan Dengkil Holdings Berhad (“Wawasan Dengkil” or the “Group”) has reported a revenue of RM134.7 million for the nine months ended 31 March 2025 (9MFY25), following its recent debut on the ACE Market of Bursa Malaysia.
The Group achieved a profit after tax (PAT) of RM8.2 million during the period. After adjusting for RM1.3 million in one-off IPO listing expenses, the adjusted PAT stood at RM9.5 million, with a healthy margin of 7.1%.
Revenue was predominantly driven by the construction services segment, which contributed 89.6% of total revenue. The remainder came from the trading of construction materials and the hiring of machinery and commercial vehicles.
On a quarter-on-quarter basis, Wawasan Dengkil reported RM40.6 million in revenue for 3QFY25, down from RM48.0 million in the preceding quarter. The decline was primarily attributed to the completion or near-completion of several construction projects and reduced trading activity. PAT for the quarter came in at RM2.1 million, or RM2.9 million after adjusting for listing expenses—comparable to 2QFY25’s adjusted PAT of RM3.4 million.
Executive Director Lim Soon Yik expressed confidence in the Group’s outlook: “Our project pipeline remains robust, with 13 ongoing construction projects and an unbilled order book of RM369.6 million as at 31 March 2025. The RM27.0 million in proceeds raised from our IPO will be used to strengthen internal capabilities and support bids for larger-scale projects.”
Lim also noted that the Group’s RM1.6 billion tender book, focused on civil engineering services for property development, highways, urban rail, and solar farm infrastructure, positions it well to capitalise on national infrastructure and renewable energy initiatives.
“With Malaysia targeting 40% renewable energy capacity by 2035, government-led programmes like LSS5 and the upcoming LSS6 offer significant opportunities. As a specialist in early-stage earthworks, Wawasan Dengkil is strategically placed to benefit,” he added.
Wawasan Dengkil was listed on Bursa Malaysia’s ACE Market on 25 March 2025 under the stock name DENGKIL (stock code: 0347).
