SUBANG JAYA: The main market-listed leading engineering services group, AWC Bhd, posted revenue of RM203.2 million for the 1H ended December 31, 2025 (FY26), compared to RM211.2 million in the prior year.
This was attributed to lower contributions from the environment division due to the slowdown in the Middle East market, coupled with lower order fulfilment and delivery in the rail division.
On a brighter note, revenue from the engineering division rose 29.9% year-on-year (YoY) to RM54.5 million for 1H FY26 versus RM41.9 million a year ago.
The double-digit improvement was driven by higher project progress from the heating, ventilation, and air conditioning (HVAC) segment.
Similarly, net profit for 1H FY26 came in at RM8.2 million, down from RM12.5 million in 1H FY25, due to the aforementioned factors.
Group CEO and president Datuk Ahmad Kabeer Mohamed Nagoor said AWC’s earnings trajectory continues to align with the pace of recently secured contract awards.
“This is primarily attributable to the extended slowdown in the Middle East market, affecting our environment division, while revenue recognition from newly secured projects has only begun in 2026.
“The Middle East market is anticipated to remain soft in the near term, but this is expected to be partly offset by contributions from the facilities,
engineering and rail divisions.
“Overall, we continue to be upbeat on the prospects of AWC underpinned by our commendable contract wins and healthy order book position,” he said in a statement.
The group’s order book stood at RM910 million as of end-December 2025, of which approximately RM450 million was secured in FY26.
“Looking ahead, we anticipate contributions from recently launched projects to progressively gain traction, positioning the group favourably for FY27,” he said.
As of December 31, 2025, AWC’s order book stands at RM910 million, which provides clear earnings visibility for the coming years.
On dividends, the group has proposed an interim dividend of 0.5 sen per share in Q2.
For Q2 FY26, revenue stood at RM105.5 million, and net profit was at RM4.0 million versus RM116.8 million and RM6.3 million, respectively, last year, which
stemmed from the earlier mentioned factors.
The Sun Malaysia
