Gamuda’s 3Q26 profit rises 5%, construction order book hits record RM52bil

Kuala Lumpur: Gamuda Bhd ‘s net profit rose 5% to RM258mil in the third quarter ended April 30, 2026 (3QFY26), supported by strong contributions from its domestic construction order book.

Revenue for the quarter surged 43.5% to RM4.43bil from RM3.09bil a year earlier, while earnings per share edged up to 4.34 sen from 4.30 sen previously.

The engineering, property, and infrastructure group also declared a second interim dividend of 5 sen per ordinary share, bringing the total year-to-date payout to 10 sen.

“The group’s construction orderbook reached a new record of RM52bil following RM11.7bil in new project wins this quarter,” it said in a statement.

Gamuda’s year-to-date wins now stand at RM25.1bil, comprising a water supply scheme, a hyperscale data centre in Malaysia, solar farms in Australia and a Mass Rapid Transit system project in Taiwan.

For the nine months to April 30, the group posted a 4.7% higher net profit of RM702.6mil while revenue grew 13% to RM12.6bil.

Gamuda said its construction revenue and earnings for the period rose 15% and 7% respectively, bolstered by robust progress in domestic projects.

The group’s gearing has temporarily risen to 73% due to strategic landbank acquisitions to boost its quick-turnaround project (QTP) portfolio in Vietnam and Singapore, with spending to develop existing projects.

“The gearing would reduce from next year onwards as the group generates revenue and cash flow from its record RM52bil construction orderbook and unbilled property sales of RM7.4bil,” it added.