Kuala Lumpur News

Go Hub Q4 Up

Go Hub Capital Berhad reported higher Q4 FY2025 revenue and earnings, supported by stronger recurring income from its transportation IT solutions.
Q4 FY2025 revenue rose 21.7% year-on-year to RM12.22 million, with gross profit at RM6.13 million and PAT increasing to RM1.81 million, mainly driven by recurring income contributions tied to the Gombak bus terminal operations and the Taxi Queue Management System (TQMS) at KLIA Terminal 1.
For FY2025, revenue grew 13.0% to RM44.52 million and gross profit improved to RM22.67 million, while PAT eased to RM5.26 million due to higher employee benefit expenses, increased cloud infrastructure subscription costs and business expansion initiatives.
Go Hub said its transportation IT solutions segment contributed about 99.53% of total revenue, led by demand for Terminal Operating Systems (TOS), Automated Fare Collection (AFC) systems and Bus Operating Systems (BOS) across rail, bus terminals, highways and airports.
Tan Cherng Thong, Executive Director and CEO of Go Hub, said, “FY2025 marks another year of steady progress for Go Hub, with stronger recurring income contributions reflecting the resilience of our transportation IT solutions business. The successful implementation of projects such as the Gombak Bus Terminal operations and KLIA Taxi Queue Management System demonstrates our ability to deliver mission-critical systems for key transportation infrastructure.”
“Looking ahead, we remain focused on expanding our order book, strengthening recurring income streams and pursuing new opportunities in rail, bus terminals, smart highways and airport mobility systems. Supported by our established track record and strong technical expertise, we are confident in Go Hub’s long-term growth prospects as Malaysia and the region continue to digitalise their public transportation networks.”

Tex Cycle Surges

Tex Cycle Technology (M) Berhad reported a sharp rise in Q4 FY2025 performance, with revenue jumping 141% year-on-year to RM22.4 million (Q4 FY2024: RM9.3 million). Profit before tax (PBT) climbed 185% to RM16.8 million, supported by stronger recovery and recycling contributions following the acquisition of Meridian World Sdn. Bhd., and fair value gains from quoted securities investments.
For FY2025, the Group posted revenue of RM57.7 million, up 59% from RM36.2 million in FY2024, while PBT increased to RM25.5 million (FY2024: RM19.5 million). Profit attributable to owners came in at RM20.7 million, translating to basic earnings per share of 7.78 sen.
By segment, recovery and recycling remained the main revenue driver, boosted by Meridian’s inclusion, while the renewable energy division contributed steady income via solar Feed-in-Tariff (FiT) projects and Corporate Renewable Energy Power Purchase Agreement (CREPPA) initiatives.
Gary Dass Anthony Francis, Group Chief Executive Officer of Tex Cycle commented, “FY2025 has been a transformative year for Tex Cycle. The integration of Meridian has significantly strengthened our recovery and recycling capabilities, while our renewable energy initiatives are progressing steadily. Our biomass gasification plant also marks a major milestone in our clean energy journey. Together, these developments reinforce our commitment to delivering sustainable growth and long-term value to our stakeholders.”
He added, “As we scale up, we are sharpening our focus on high-value niche waste streams, particularly e-waste, where we are strengthening end-to-end recovery capabilities to support corporates and industrial customers seeking compliant disposal solutions. We are also expanding our compost and organics recovery offering, while enhancing our oil and gas waste treatment capabilities at our Telok Gong facility. Together, these initiatives position Tex Cycle strongly to capture rising demand for ESG-aligned waste management and renewable energy solutions, while delivering greater value and impact.”

MN Profit Record

MN Holdings Berhad posted another record quarter in Q2 FY2026, with profit after tax (PAT) rising 98% year-on-year to RM25.18 million (Q2 FY2025: RM12.69 million), supported by stronger infrastructure execution and improved operational leverage.
Quarterly revenue surged 94% YoY to RM243.55 million (from RM125.48 million), driven mainly by accelerated project execution in the substation engineering division. Substation engineering contributed RM220.29 million, about 90% of total revenue, up 239% YoY, while underground utilities engineering added RM23.26 million.
Profit before tax (PBT) increased 97% YoY to RM34.06 million (from RM17.32 million), while adjusted PBT (after normalising impairment and non-operational items) rose 100% YoY to RM37.63 million. Sequentially, revenue grew 14% QoQ to RM243.55 million, PBT rose 15% to RM34.06 million, and PAT increased 17% to RM25.18 million, marking another record.
For 1H FY2026, MN Holdings recorded revenue of RM457.65 million, up 100% YoY, with PBT rising 134% to RM63.58 million and PAT up 137% to RM46.77 million. Substation engineering contributed RM409.33 million, representing 89% of total 1H revenue.
Datuk Clement Toh, Managing Director of MN Holdings commented, “Our continued record performance reflects the strength of our project pipeline and our ability to execute large-scale, high-value infrastructure projects efficiently. The sustained growth of our substation engineering division demonstrates our strong positioning within Malaysia’s evolving energy and utilities infrastructure ecosystem.”
He added, “As Malaysia accelerates investments in grid modernisation, renewable energy integration, data centre infrastructure, and water system upgrades, MN Holdings is well-positioned to capture these structural growth opportunities. Our strengthened balance sheet, enhanced operational capacity, and expanding order book provide a solid foundation to support sustained earnings growth in the coming years.”

Globetronics Margin Up

Globetronics Technology Bhd reported Q2 FY2026 revenue of RM21.1 million, with gross profit improving to RM4.3 million from RM3.6 million previously, supported by operational cost savings in semi-variable expenses such as direct labour, utilities, and repair and maintenance.
Despite the margin improvement, the Group recorded a loss after tax (LAT) of RM12.5 million for the quarter versus a loss of RM3.0 million in Q1 FY2026, mainly due to higher administrative expenses including a RM7.1 million ESOS fair value expense, plus professional fees tied to Annual Report and AGM preparations. Fair value losses on other investments also contributed, resulting in a total comprehensive loss of RM33.9 million.
For the six-month period, revenue declined 16% year-on-year to RM42.6 million (from RM50.8 million), attributed mainly to reduced sales from a key customer. Gross profit was RM7.9 million, while loss after tax came in at RM15.4 million amid lower industry loadings, ESOS-related expenses, and share of losses from an associate.
As at 31 December 2025, Globetronics reported total assets of RM311.7 million and shareholders’ equity of RM285.5 million. During the period, it invested RM45.0 million in Greentronics Sdn Bhd (now an associate), deployed RM40.0 million into other investments, and incurred around RM7.4 million in capex, including investments related to the ChipMOS collaboration.
The Management of GTB said, “The current quarter reflects a combination of softer customer loadings and non-recurring accounting adjustments, particularly the ESOS fair value expense and mark-to-market investment movements. Operationally, we continue to see stabilisation in cost structure and manufacturing efficiency. Our recent strategic investments and partnerships are aligned with our long-term roadmap, and we remain focused on strengthening our technology capabilities and positioning the Group for recovery when industry volumes improve.”

PEOPLElogy Q4 Surge

PEOPLElogy Berhad reported stronger Q4 FY2025 results, with revenue rising to RM11.34 million and profit before tax (PBT) increasing to RM2.53 million, up 132% quarter-on-quarter, while profit after tax (PAT) strengthened to RM1.28 million, supported by higher programme utilisation and improved earnings.
Compared with the preceding quarter, revenue increased 57% from RM7.25 million, driven mainly by stronger billings from the Development segment and higher training volume across consumer and corporate markets. PBT rose from RM1.09 million to RM2.53 million, while PAT improved 44% from RM0.89 million to RM1.28 million.
For FY2025, the Group recorded revenue of RM29.84 million and gross profit of RM19.15 million, translating to a gross profit margin of 64%. PBT was RM1.70 million and PAT was RM0.04 million, impacted by one-off IPO listing expenses of about RM3.09 million; excluding these, adjusted PBT would have been RM4.79 million and adjusted PAT RM3.13 million.
The Development segment contributed about 98% of Q4 revenue, supported by demand for ICT training, IR4.0 digital skills certification and corporate workforce transformation programmes, while Digital expanded learning management platform services and Discovery provided talent consultancy and assessment services. The Board proposed a single-tier interim dividend of 0.225 sen per share, totalling RM926,363 for FY2025.
Allen Lee, Founder and Managing Director of PEOPLElogy Berhad, said, “Our fourth quarter results reflect the growing demand for digital workforce transformation and certification programmes. With Malaysia accelerating its focus on talent development, AI readiness and digitalisation, PEOPLElogy is well positioned to deliver sustainable growth while supporting the nation’s future-ready workforce ambitions.”

MSB PAT Jumps

MSB Global Group Berhad recorded a stronger Q4 FY2025, with revenue rising 4.5% quarter-on-quarter to RM14.31 million and profit after tax (PAT) surging 126.7% QoQ to RM1.84 million from RM0.81 million. Profit before tax (PBT) climbed 149.3% to RM2.52 million, while PAT margin expanded to 12.88%, supported by favourable product mix, tighter cost controls and improved operating efficiency.
Year-on-year, revenue eased to RM14.31 million from RM15.74 million amid a more competitive environment, but PAT still rose 15.7% to RM1.84 million, which the Group attributed to improved gross margins and better operating efficiency despite softer sales contribution. The quarter was supported by disciplined inventory management and selective emphasis on higher-margin products, with replacement demand providing stability.
For FY2025, MSB Global posted revenue of RM55.73 million and reported PAT of RM2.78 million; after adjusting for one-off listing expenses, normalised PAT stood at RM5.56 million, reflecting the underlying profitability of its core operations.
Datuk Ow Kee Foo, Managing Director of MSB Global, commented, “The strong quarter-on-quarter improvement in profitability reflects the effectiveness of our operational discipline and margin-focused strategy. While market conditions remain competitive, our ability to optimise product mix, manage costs and improve inventory efficiency has enabled us to deliver a meaningful recovery in earnings.”
“While these initiatives are at an early stage and not expected to contribute materially in the immediate term, they provide MSB Global with optionality for future growth, aligned with our disciplined and risk-conscious approach,” Datuk Ow added.

SCIB Widens Lawsuit

Sarawak Consolidated Industries Berhad said it and its wholly-owned subsidiary, SCIB Properties Sdn. Bhd. (SCIBP), have filed a Notice of Application seeking leave to amend its Amended Writ and Amended Statement of Claim in ongoing litigation against Awana JV Suria Saga Sdn. Bhd. and MBSB Bank Berhad, relating to an affordable housing project under the Program Perumahan Penjawat Awam (PPAM) scheme.
The dispute stems from a Settlement cum Appointment of Contractor Agreement with Awana, where SCIB acted as corporate guarantor for financing facilities granted by MBSB. SCIB said the proposed amendments seek to add additional parties, including Awana’s director and Northstar Construction Sdn. Bhd., Datuk Ang Tee Peng, and Lee Sai Meng of Bri & Associates.
SCIB said the amended claim introduces additional causes of action including fraud, conspiracy to defraud, dishonest assistance and negligence, following the discovery of documents and alleged irregularities. These include the alleged removal of authorised bank signatories for Awana’s accounts without SCIBP’s consent and unauthorised disbursements of about RM1.7 million under the Islamic Financing Facility, including payments to related parties. SCIB is also seeking declarations that certain agreements have lapsed, reliefs to discharge SCIB as corporate guarantor, recovery of sums, damages, interest and other court relief.
SCIB said it had submitted documentation on the irregularities and sought clarification and resolution, but did not receive satisfactory responses from MBSB, prompting it to proceed with the litigation to protect its interests.
Executive Chairman Datuk Chong Loong Men said, “SCIB has acted responsibly and in good faith, and we have provided the necessary evidence throughout this matter. Unfortunately, the lack of response left us with no choice but to proceed with legal action. This step is necessary to protect the Company and its shareholders, and we remain committed to ensuring accountability and transparency moving forward.”

Senheng Q4 Rebound

Senheng New Retail Berhad posted a strong Q4 FY2025 turnaround, driven by higher sales momentum, improved gross margins and early traction from its Point-Based Economy (PBE) trial.
Quarter-on-quarter, revenue rose about 18.2% from RM272.7 million, supported by the “Untung Gila” campaign, festive demand and major online events (11.11 and 12.12). PBT increased 91.2% QoQ to RM4.03 million, while PAT surged 343.9% to RM2.93 million from RM0.66 million, reflecting stronger operating leverage and improved demand quality following the PBE rollout.
Year-on-year, Q4 revenue grew 4.5% to RM322.22 million from RM308.49 million, with gross profit up 10.4% to RM69.11 million on better product mix and margin optimisation. PBT jumped 159.8% YoY to RM4.03 million, while PAT swung to RM2.93 million from a loss of RM1.52 million in Q4 FY2024, which was affected by a one-off adjustment.
For FY2025, revenue came in at RM1.14 billion (FY2024: RM1.22 billion) amid softer consumer electronics demand, with full-year PBT at RM13.28 million versus RM18.78 million previously. The Group said the PBE trial (September–December 2025) delivered encouraging customer participation, redemption trends and repeat engagement, indicating stronger customer stickiness.
Lim Kim Heng, Managing Director of Senheng New Retail Berhad, commented:
“Q4 marked a meaningful turnaround in momentum, with revenue growth translating into stronger profitability. The encouraging response to our Point-Based Economy framework during its trial phase has demonstrated the effectiveness of the model, and we are already seeing tangible performance improvements. As we move into a full-fledged rollout, we believe this year will be a pivotal year for Senheng as we accelerate the campaign and strengthen customer lifetime value through structured engagement rather than relying solely on price-driven initiatives.”
He added, “While the broader retail environment remains competitive, the improved gross margins and stronger quarter-on-quarter performance demonstrate that disciplined execution, combined with targeted campaigns and loyalty ecosystem enhancement, can deliver resilient results.”

Sunzen Earnings Jump

Sunzen Group Berhad reported Q2 FY2026 revenue of RM30.24 million and profit before tax (PBT) of RM6.65 million, driven by stronger edible bird’s nest exports, robust loan financing income and recovery of previously impaired receivables.
Revenue rose 10.6% year-on-year from RM27.35 million, while PBT surged 130.0% from RM2.89 million, reflecting higher product margins and effective credit recovery. Quarter-on-quarter, revenue climbed 53.7% from RM19.68 million and PBT improved 80.2% from RM3.69 million, supported by seasonal peak exports and stronger financing contributions.
For the six months ended 31 December 2025, revenue stood at RM49.92 million, broadly stable year-on-year, while PBT jumped 175.7% to RM10.34 million from RM3.75 million, underpinned by improved margins and receivables recovery. The Human Health segment remained the largest contributor, posting RM22.77 million revenue in Q2, while the Loan Financing segment continued strong growth, with quarterly revenue up 51.4% to RM4.83 million and PBT rising 63.6% to RM3.78 million.
Group Managing Director of Sunzen Group Berhad, Teo Yek Ming said, “This quarter marks a significant improvement in our earnings profile, driven by stronger export momentum in edible bird’s nest and sustained growth in our financing division. The successful recovery of receivables has further strengthened our bottom line. Our diversified earnings base continues to provide resilience. While seasonality remains a factor in certain segments, we are focused on strengthening distribution channels, enhancing operational efficiency, and building recurring income streams to support long-term profitability.”

Advancecon Returns Profit

Advancecon Holdings Berhad returned to full-year profitability in FY2025, recording revenue of RM423.1 million, up 10.4% from RM383.2 million in FY2024. Profit attributable to owners stood at RM6.7 million, compared to a loss of RM22.7 million previously, reflecting improved operational discipline, cost optimisation and stronger project execution.
For Q4 FY2025, revenue rose 5.0% year-on-year to RM105.6 million, while profit attributable to owners came in at RM3.1 million versus a loss of RM3.6 million in Q4 FY2024. The turnaround was mainly driven by improved efficiency within its core Construction and Support Services segment, marking four consecutive profitable quarters during the financial year.
As at 31 December 2025, the Group’s outstanding order book expanded to approximately RM756 million from RM673 million a year earlier, supported by new contract wins totalling RM229.5 million over the past six months. The strengthened order book provides earnings visibility through FY2027, underpinned by infrastructure and development projects.
Phum Boon Eng, Managing Director of Advancecon Holdings Berhad, said:
“We are encouraged by the Group’s return to full-year profitability and the consistency achieved over the past four quarters. This milestone marks not just a turnaround, but the beginning of Advancecon’s next growth phase, as well as, the collective efforts of our team in strengthening execution, improving efficiency, and maintaining discipline in project delivery. With a strengthened order book we are confident in delivering sustainable earnings growth and long-term value for our stakeholders. We remain focused on operational stability and prudent project selection as we continue to carry out our existing works.”
The Group said its Construction and Support Services segment remained the main revenue contributor, supported by infrastructure and township projects, while quarry operations and renewable energy assets, including a 37.7MWp solar farm in Kuala Langat, continued contributing to overall operations.

Systech Revenue Surges

Systech Bhd reported a 67% year-on-year increase in revenue from continuing operations to RM28.93 million in 3Q FY2026, driven mainly by new contracts secured within its Corporate Solutions segment. Profit before tax (PBT) from continuing operations stood at RM0.75 million after a one-off disposal loss of RM2.10 million from the divestment of its e-Logistics subsidiary; excluding this item, adjusted PBT would have been about RM2.85 million.
Quarter-on-quarter, revenue from continuing operations rose 74% from RM16.64 million, reflecting stronger contract momentum. For the nine-month period ended 31 December 2025, revenue from continuing operations climbed about 80% to RM60.69 million from RM33.74 million previously, while PBT improved to RM1.03 million from RM0.94 million, supported by new project wins and expanding recurring income streams.
Dr Low Min Yew, Executive Director of Systech Bhd., said, “Our third quarter results show that the fundamentals of Systech’s continuing operations are robust. Even after taking in a one-off disposal loss of RM2.10 million, we still delivered a PBT of RM0.75 million for the period. If we exclude this legacy item, our adjusted PAT would have been around RM2.85 million, which better reflects the strength of our ongoing businesses.”
Datuk Ong Theng Soon, Executive Chairman of Systech Bhd. also added, “Looking ahead, the next quarter will be a much cleaner reflection of Systech’s performance as the e-Logistics disposal has been fully dealt with and no further impact from past issues is expected. We are entering this new phase with a healthy base of contracts in hand, along with deposits and prepayments already collected from customers. This provides good visibility on future revenue and supports our confidence in sustaining growth from our continuing operations.”
The Group said it will continue expanding its Corporate Solutions portfolio, strengthening client relationships and recurring revenue streams, while maintaining financial discipline following its portfolio rationalisation exercise.

Leon Fuat Profit Up

Leon Fuat Berhad reported stronger full-year profitability for FY2025, with profit before tax (PBT) rising 40.4% to RM15.61 million from RM11.12 million in FY2024, while profit after tax (PAT) surged 53.0% to RM11.46 million from RM7.49 million. Earnings per share improved to 3.36 sen from 2.21 sen previously, supported by better margin management and lower inventory write-downs.
For Q4 FY2025, revenue declined 11.5% year-on-year to RM217.81 million due to lower tonnage sales and softer average selling prices. Despite the softer top line, gross profit increased 28.9% to RM18.81 million, aided by improved margins and a net reversal of inventory write-downs. The Group recorded a PBT of RM0.59 million compared to a loss before tax of RM5.31 million a year earlier, while loss after tax narrowed significantly to RM0.13 million.
Quarter-on-quarter, revenue fell 12.2% from RM248.12 million, with PBT moderating to RM0.59 million from RM6.50 million in Q3 FY2025, reflecting softer trading and processing volumes.
Calvin Ooi Shang How, Executive Director of Leon Fuat commented, “While the fourth quarter was impacted by softer steel prices and lower trading volumes, the Group remained operationally disciplined and successfully closed FY2025 with significantly improved profitability. The full-year performance reflects better margin management, prudent inventory strategies and the resilience of our diversified customer base.”
He added, “We will continue to enhance our integrated trading, processing and downstream manufacturing capabilities, including optimising utilisation of our fibre laser cutting and welded steel pipe production facilities, to strengthen value capture and operational efficiency.”

CUCKOO Profit Rebounds

CUCKOO International (MAL) Berhad reported improved earnings momentum in Q4 FYE2025, with profit after tax (PAT) rising 171.0% quarter-on-quarter to RM36.5 million, supported by stronger margins and lower impairment charges. Revenue for the quarter stood at RM233.6 million, reflecting a moderation of 11.6% QoQ due to lower units sold across both CUCKOO-branded and CUCKOO Co-Created segments.
Gross profit increased 20.1% QoQ to RM102.6 million, benefiting from lower imported product and service costs, while net impairment losses on financial instruments narrowed to RM13.5 million from RM29.4 million previously, driven by improved collection performance. Profit before tax rose by RM47.5 million, reflecting tighter operational discipline despite higher administrative expenses from a one-off trademark impairment.
For FYE2025, CUCKOO Malaysia recorded revenue of RM1.1 billion and PAT of RM105.2 million, with gross profit of RM378.7 million and a gross margin of 34.4%. The CUCKOO-branded segment contributed RM875.8 million (79.6% of total revenue), while CUCKOO Co-Created generated RM221.1 million (20.1%). Following its June 2025 listing, equity attributable to owners increased to RM1.11 billion, total borrowings reduced to RM139.6 million and gross gearing stood at 12.6%.
Hoe Kian Choon (KC Hoe), CUCKOO Malaysia’s Non-Independent Executive Director and Chief Executive Officer said, “Q4FYE2025 demonstrated the positive impact of our prudent credit management initiatives and operational discipline. While consumer spending remains measured, our improved gross margins and strengthening collection performance reflect the resilience of our rental-led business model. We remain focused on enhancing asset quality, expanding our ecosystem of wellness solutions and strengthening our omni-channel presence to capture the growing preference for rental solutions in the home wellness segment.”
The Company said it will continue strengthening earnings quality through disciplined credit underwriting, product portfolio expansion, rollout of cash-and-carry Brandshops and investments in logistics and IT infrastructure, positioning itself to benefit from the structural shift towards rental-based home wellness solutions.

AmanahRaya REIT Income Up

AmanahRaya REIT reported improved operating performance for FY2025, with net property income (NPI) rising 9.31% year-on-year to RM53.79 million from RM49.21 million, supported by higher occupancy at key office assets, stable tenant renewals and rental contributions from newly acquired properties. Net income after tax surged to RM7.31 million from RM1.80 million previously.
Property operating expenses increased 10.47% to RM31.27 million, while trust expenses rose 58.8% to RM15.48 million, mainly due to a revision of the Manager’s fee and tenant acquisition-related costs. As at 31 December 2025, net asset value (NAV) stood at RM717.32 million, with NAV per unit at RM1.2514 before distribution, compared to RM1.2605 a year earlier. Gearing ratio was 45.65%.
The Management of AmanahRaya-Kenedix REIT Manager Sdn. Bhd. (“AKRM”) said, “The cumulative improvement in net property income and significant recovery in net income demonstrate the resilience of AmanahRaya REIT’s diversified portfolio. Our focus on occupancy optimisation, disciplined cost management and proactive refinancing has strengthened our income base and enhanced long-term stability.”
Looking ahead, the Manager said it will focus on sustaining rental income visibility through active asset management, tenant retention and prudent capital management. The addition of an industrial asset secured with a 10-year tenancy is expected to further enhance recurring income stability and support sustainable distribution performance.