CREST BUILDER REPORTS REMARKABLE TURNAROUND FOR 2024 

Crest Builder Holdings Berhad achieved a turnaround in FYE2024, posting RM5.6 million PAT with 17.7% revenue growth to RM574.6 million—its highest since 2018. Strong performance in construction and property, a RM1.5 billion order book, and RM935 million in new contracts set the stage for continued growth.

TMK REPORTS 21.9% GROWTH IN PAT FOR FYE2024

TMK Chemical Bhd (“TMK”) reported strong financial results for Q4 and FYE2024, with annual revenue of RM1.3 billion and PAT rising 21.9% Y-o-Y to RM111.6 million. Excluding one-off expenses, normalised PAT surged 28.4%.

TMK declared a final dividend of 3.5 sen per share, bringing the total FYE2024 payout to 50% of PAT. Managing Director Wong Kin Wah highlighted strategic execution and expansion efforts, reinforcing TMK’s market leadership.

NORTHEAST ANNOUNCES HIGHER REVENUE AND ADJUSTED PROFIT BEFORE TAX

Northeast Group Berhad (“Northeast”) reported a 12.3% revenue growth to RM24.2 million in Q1 FYE2025, driven by higher sales from the photonics and telecommunication industries.

Excluding one-off listing expenses, adjusted PBT surged 193.4% to RM5.5 million, underscoring the Group’s strong operational performance. Managing Director Ng Chay Chin highlighted efficiency improvements and global market presence as key drivers, with plans to secure new orders from existing and new customers.

ITMAX POSTS 27.4% PROFIT AFTER TAX GROWTH FOR 2024

ITMAX System Berhad (“ITMAX”) posted a 48.2% revenue surge to RM63.1 million in Q4FYE2024, with PBT and PAT rising 28.3% and 25.6%, respectively. For FYE2024, revenue grew 47.1% to RM220.2 million, while PAT reached RM80.5 million, driven by strong demand for digital infrastructure solutions.

The Group declared a total dividend of 2.0 sen per share, surpassing last year’s payout. CEO William Tan Wei Lun highlighted ITMAX’s expansion, smart city solutions, and commitment to AI-driven digital infrastructure, reinforcing its role in building smarter, connected cities

KEYFIELD REPORTS FULL YEAR PATAMI OF RM223.6 MILLION, DIVIDENDS OF 11.0 SEN

Keyfield International Berhad (“Keyfield”) posted a 59.6% revenue growth to RM687.2 million in FY2024, with PATAMI more than doubling to RM226.9 million.

The Group declared a 3.0 sen dividend, bringing total FY2024 payouts to RM88.3 million, nearly double its initial target. CEO Dato’ Darren Kee Chit Huei attributed the strong performance to robust vessel demand, fleet expansion, and strategic milestones, including its IPO and RM200 million Sukuk issuance.

With a 147% return since listing, Keyfield continues its strong growth trajectory.

RESERVOIR LINK ANNOUNCES QUANTUM LEAP IN EARNINGS FOR THE FIRST HALF OF FYE2025

Reservoir Link Energy Bhd (“Reservoir Link”) posted strong growth for the first half ended 31 December 2024, with PBT and PAT surging to RM86.1 million and RM84.7 million, driven by the Nasdaq listing of Founder Group Limited (“FGL”).

Executive Deputy Chairman Thien Chiet Chai reaffirmed the Group’s focus on balancing oil & gas stability with renewable energy growth, pursuing clean energy initiatives and new tenders for sustained expansion.

99 HOLDINGS REPORTS 22.5% PAT GROWTH FOR FYE2024

99 Speed Mart Retail Holdings Berhad (“99 Holdings”) posted strong Q4FYE2024 results, with revenue up 7.3% Y-o-Y to RM2.58 billion and full-year revenue rising 8.3% to RM9.98 billion. Normalised PBT and PAT grew 27.1% and 27.7%, respectively.

Founder and CEO Lee Thiam Wah highlighted 2024 as a milestone year, surpassing expansion targets and achieving a successful listing. Looking ahead, 99 Holdings aims to reach 3,000 outlets by end-2025 and expand its 99 Bulksales platform, with its Sarawak entry set for March 2025.

LBS’S PATMI HITS 11-YEAR HIGH ON STRATEGIC RESTRUCTURING AND PORTFOLIO ENHANCEMENT 

LBS Bina Group Berhad achieved a 63.5% surge in PATMI for FYE2024, reaching RM240.2 million, driven by strategic realignment and operational efficiencies. Revenue stood at RM1.43 billion, with 95.6% contributed by property development.

Looking ahead, LBS is set for accelerated growth with its 8 x 8 Strategy, targeting RM8.0 billion in project launches by 2027. The Group also successfully raised RM400 million via its ASEAN Social SRI Sukuk Wakalah to fund sustainable and affordable developments.

3REN Posts 112.1% Q-o-Q Surge in Normalised PAT for Q4FYE2024

3REN Berhad (“3REN” or the “Group”) posted a solid Q4FYE2024, with PBT rising 12.3% to RM3.1 million on revenue of RM28.9 million. Excluding listing expenses, normalised PBT and PAT grew by 107.8% and 112.1%, respectively.

For the full year, revenue grew 9.0% to RM103.4 million, driven by strong demand across key segments. The Board has proposed a 0.5 sen interim dividend, amounting to RM3.25 million.

PLYTEC RECORDS ALL-TIME HIGH REVENUE 

PLYTEC Holding Berhad achieved record-breaking financial results for FYE2024, with revenue surging 22% to RM201.1 million and PATAMI soaring 110.8% to RM13.7 million. The Group’s strong performance was driven by growth across all business segments, including its expanding presence in digital and prefabricated construction solutions. CEO Yang Kian Lock highlighted PLYTEC’s commitment to innovation and strategic expansion, positioning the company for sustained growth in both local and international markets.