Gamuda Hits All-time High RM36 Bln Order Book In 2Q FY2025, Four-year Record Streak

KUALA LUMPUR, March 26 (Bernama) -- Gamuda Bhd has achieved an all-time high in its construction order book, recording RM36 billion for the second quarter of the financial year ending Jan 31, 2025 (2Q FY2025), breaking records for four consecutive years.

In 2Q FY2025, the construction company's revenue rose 19 per cent to RM4 billion, while earnings increased five per cent to RM219 million, fuelled by stronger contributions from its domestic construction division. 

The group’s revenue and earnings growth is substantiated by the domestic order book’s expansion from RM7 billion to RM14 billion over the past six months, now representing 40 per cent of the total construction order book.

“The domestic order book is expected to expand next month with the imminent signing of several large domestic contracts; culminating in the growth of future margins and earnings of the construction division,” according to Gamuda.  

Its construction segment recorded a 22 per cent hike in revenue and a 13 per cent increase in earnings, while its property segment saw a 56 per cent jump in quarterly sales to RM1.1 billion, compared with RM719 million in the previous quarter, driven by stronger sales from quick turnaround projects especially Eaton Park in Vietnam.

Gamuda’s revenue increased by 32 per cent to RM8.2 billion, while net profit rose five per cent to RM424 million for the first half of this year.

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“In the first half of FY2025, Gamuda secured its highest annual new project portfolio totalling RM14.5 billion, comprising six significant project awards including three international ventures namely the Australia Boulder Creek Wind Farm, the Australia Goulburn River Solar Farm, the Taiwan Xizhi Donghu Mass Rapid Transit, and three domestic projects namely the Sabah Ulu Padas Hydroelectric project, the Penang light rail transit (LRT) - Mutiara Line Phase 1 and the Cyberjaya Data Centre. 

“This demonstrates the group’s robust regional infrastructure capabilities to meet its target order book of RM40 billion to RM45 billion by end-2025,” said Gamuda. 

Unbilled property sales of RM7.2 billion also underpin the group’s resilience.

Gamuda continues to maintain a healthy balance sheet with a comfortable net gearing ratio of 39 per cent, which is well below its self-imposed gearing limit of 70 per cent.

-- BERNAMA