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.

SKYWORLD DEVELOPMENT REMAINS OPTIMISTIC ON ACHIEVING RM4.6 BILLION LAUNCHES BY 2026

SkyWorld Development Berhad posted a PATAMI of RM13.3 million on RM107.9 million in revenue for Q3FYE2025, backed by strong financials and ongoing developments. The Company is set to launch RM4.6 billion in GDV by 2026 and will develop 35,000 affordable homes in Penang (GDV: RM13 billion). A collaboration with Teambuild Construction Group on prefabricated technology further enhances efficiency and growth.

MGB RAISES DIVIDEND PAYOUT TO 30% OF PATMI, ACHIEVES RECORD REVENUE EXCEEDING RM1 BILLION, WITH PROFIT BEFORE TAX SOARING TO RM87.1 MILLION 

MGB Berhad (“MGB” or the “Group”) closed FYE2024 with revenue surpassing RM1.0 billion, driven by a four-fold surge in its property development segment. PBT and PAT rose 25.9% and 22.3% to RM87.1 million and RM61.7 million, respectively.

In appreciation of shareholder support, MGB increased its dividend payout policy from 20% to 30% of profit after tax and minority interests. An interim dividend of RM0.015 per share, totaling RM8.99 million, will be paid on 28 March 2025.

With a strong financial position and RM1.27 billion in outstanding construction orders, MGB remains poised for continued growth.

AXIS-REIT ACHIEVES 12.0% GROWTH IN TOTAL TRUST INCOME FOR FY2024

Axis Real Estate Investment Trust (“Axis-REIT”) has announced impressive results for FY2024, reporting a total trust income of RM320.1 million, up 12.0% year-on-year. This growth was mainly driven by newly acquired properties, new tenancies at Axis Mega Distribution Centre (Phase 2), and positive rental reversion across its portfolio.

Despite a lower gain in fair value adjustments, Axis-REIT achieved an adjusted net income before tax increase of 16.0% year-on-year, reflecting strong operational performance. For Q4FY2024, total trust income was RM87.8 million, a 16.0% increase from the previous year, and net trust income stood at RM93.5 million.

Axis-REIT has proposed a final income distribution of 1.27 sen per unit, bringing the total distribution per unit (“DPU”)for FY2024 to 9.27 sen.

UUE ACHIEVES 7.5% PAT GROWTH IN Q3FY2025

UUE Holdings Berhad (“UUE”) posted a 7.0% quarter-on-quarter revenue growth to RM46.1 million in Q3FY2025, driven by a 13.0% increase in its underground utilities engineering solutions segment. Gross profit and profit after tax (“PAT”) rose by 7.1% and 7.5% respectively, reflecting steady growth amid rising demand for underground infrastructure.

For the cumulative 9 months, UUE recorded a gross profit of RM37.9 million on revenue of RM128.1 million, with PAT of RM19.5 million, supported by a strong project pipeline and order book.

KIP REIT REPORTS ROBUST Q2FY25 PERFORMANCE WITH 32.7% REVENUE GROWTH

KIP REIT delivered strong Q2FY25 results with gross revenue up 32.7% to RM30.0 million and net property income rising 28.9% to RM21.6 million. Growth was driven by retail contributions, including D’Pulze Shopping Centre and TF Value Mart, alongside a 97.1% overall occupancy rate.

CEO Ms. Valerie Ong highlighted the impact of recent acquisitions and upcoming industrial properties, reinforcing the Group’s path to its RM2.0 billion asset target by FY27. A 1.66 sen distribution per unit for Q2FY25 offers an attractive 7.7% yield.