Gamuda today announced robust quarterly earnings that rose 5% to RM247 million. This is driven by strong performance in its domestic construction division, with earnings tripling to RM104 million compared to the corresponding quarter last year, which was RM39 million.
The Board of Directors has declared a second interim dividend of 5 sen per share, bringing the year-to-date dividend to 10 sen per share, representing a 25% increase from the previous year’s 8 sen (adjusted following 1:1 bonus share issuance).
The Group’s domestic operations have gained momentum, with its orderbook contributing 41% of the overall RM35 billion construction orderbook, representing a substantial portion of the overall performance (in comparison to 28% last year). Quarterly construction revenue and net profit rose 4% and 40% respectively.
Meanwhile, Gamuda’s data centre investments are beginning to yield positive returns, contributing meaningfully to the Group’s engineering division pre-tax earnings. This development marks a significant milestone for the Group’s expansion strategy, positioning it well for the growing demand for digital infrastructure.
In terms of the year-to-date (Aug 2024 – Apr 2025) result, the Group’s revenue increased by 14% to RM11.5 billion in comparison to RM10 billion last year. At the same time, net profit rose 5% to RM671 million. Its property sales grew 10% to RM2.6 billion compared with RM2.3 billion sold last year, primarily driven by several quick-turnaround projects (QTPs) in Vietnam.
The Group continues to maintain a healthy balance sheet with a comfortable net gearing ratio of 45%, which is well below its self-imposed gearing limit of 70%.
Read the Bursa announcement: https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3566466
