T7 GLOBAL REPORTS 38.5% NET PROFIT GROWTH FOR 2024
T7 Global Berhad posted impressive results for FY2024, with revenue up 11.2% to RM647.2 million and PAT surging 38.5% to RM45.0 million. The Industrial Solutions division was a key growth driver, nearly doubling its revenue and contributing 43.5% of total earnings.
With multiple long-term contracts secured across MCM, HUC, and well services, T7 Global is well-positioned for sustained growth in 2025.
T7 GLOBAL POSTS 42.1% GROWTH IN PATAMI FOR 9MFYE2024
T7 Global Berhad (“T7 Global”) delivered a strong Q3FYE2024, reporting revenue of RM176.4 million and PATAMI of RM11.4 million, marking Y-o-Y growth of 28.4% and 42.1% respectively. For the cumulative 9 months, revenue reached RM458.9 million (+36.8%), with PATAMI at RM26.6 million (+42.1%), driven by a 108.4% surge in the Industrial Solutions division.
T7 GLOBAL LAUNCHES T7 FACILITY FABRICATION YARD IN KEMAMAN AND SECURES SECOND WIN MCM AND HUC CONTRACT
T7 Global Berhad (“T7 Global” or the “Group”) celebrated the inauguration of its T7 Facility fabrication yard in Kemaman, Terengganu, designed to support its engineering, fabrication, and maintenance operations.
The Group also announced a new five-year contract awarded to its subsidiary, Tanjung Offshore Services Sdn. Bhd., from IPC Malaysia B.V. for Pan-Malaysia maintenance and commissioning services, with options to extend up to five additional years.
T7 GLOBAL UNVEILS DRILLING JACK-UP RIG
T7 Global Berhad proudly welcomes the arrival of our new Drilling Jack-up Rig at Dorsett Grand Labuan! This high-performance rig, designed for oil and gas drilling in depths up to 375 feet, will support Petronas Carigali’s plug and abandonment program for 53 wells across Malaysia. A significant step towards responsible decommissioning and environmental protection!
T7 GLOBAL ANNOUNCES CHANGES TO ITS BOARD OF DIRECTORS
T7 Global Berhad has appointed Dato’ Ir. Mat Rosly Bin Mat Daud as an Independent Non-Executive Director. With over 40 years of experience in airport and highway planning, he replaces Admiral Tan Sri Dato’ Seri Panglima Ahmad Kamarulzaman, who is stepping down to pursue personal interests.
T7 GLOBAL’S Q2FYE2024 PATAMI INCREASES BY 65.6%
T7 Global Berhad reported strong Q2FYE2024 results, with revenue up 44.2% to RM150.0 million, PBT surging 102.3%, and PATAMI increasing 65.6%. For 1HFYE2024, revenue reached RM282.6 million, with solid growth in the energy and industrial segments.
T7 GLOBAL SECURES RM74.6 MILLION CONTRACT FROM MINDEF
T7 Global Berhad (“T7 Global”) announced that its subsidiary, T7 Kemuncak Sdn Bhd, has secured a RM74.6 million contract from the Ministry of Defence Malaysia (“MINDEF”). The contract involves supplying, delivering, testing, and commissioning airfield surveillance radar (ASR) and associated systems to the Royal Malaysian Air Force (RMAF) over the next five years.
T7 GLOBAL’S TSEVEN SHIRLEY MOPU ACHIEVES FIRST OIL
T7 Global Berhad’s wholly owned TSEVEN SHIRLEY Mobile Offshore Production Unit (MOPU) has successfully achieved first oil production at the Nong Yao field in the Gulf of Thailand. This is a significant step forward in their ongoing efforts to deliver innovative energy solutions across the region.
