Gamuda Posts Record Order Book, Eyes RM50b by FY26 as Domestic Projects Drive Growth

Gamuda Berhad’s 4QCY25 results reaffirm its position as Malaysia’s top construction play, backed by a record-high order book and strong domestic momentum. Core net profit for the quarter rose 22.3% year-on-year to RM332.2m, bringing FY25 earnings to RM996.5m, in line with expectations. Construction revenue surged 18.3% to RM12.55b, boosted by Penang Silicon Island reclamation, data centre projects, and ongoing mega infrastructure works.

Gamuda

The company’s RM38.4b outstanding order book now leans heavily toward Malaysia (49.5%), reflecting the ramp-up of projects like the Penang LRT and Upper Padas Hydro Dam. International exposure in Australia, Taiwan, and Singapore continues to provide diversification. Management targets RM10b in new job wins before year-end, potentially lifting its order book to RM50b by FY26.

With a solid pipeline, strong margins, and expanding utilities play, Gamuda is well-positioned to sustain growth and recurring income.

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