Southern Score Builders books record FY25 profit

KUALA LUMPUR: Southern Score Builders Bhd’s (SSBB) net profit rose 27.9% year-on-year (y-o-y) to a record RM40.2mil for the financial year ended June 30, 2025 (FY25), compared with RM31.5mil in FY24.

The construction management specialist said this translated into earnings per share of 1.77 sen in FY25 versus 1.38 sen a year earlier.

Revenue for FY25 climbed 29.5% y-o-y to RM221.1mil, up from RM170.7mil in FY24, supported by the maiden contribution from its mechanical and electrical (M&E) arm, SJEE Engineering Sdn Bhd, as well as stronger performance from construction services.

In the second quarter ended June 30, the company posted a 9.7% decline in net profit to RM11.6mil, or 0.51 sen per share, while revenue grew 27.5% to RM81.04mil.

“We are pleased to have delivered our best-ever net profit, especially against the backdrop of a demanding environment. This was primarily driven by our M&E arm, underscoring how we continue to reap the rewards of our strategic investment.

“Moving forward, the outlook of the construction sector remains positive as the industry registered steady growth of 12.9%, with value of work done reaching RM43.9bil in the second quarter of 2025 according to the Statistics Department,” SSBB executive director and chief executive officer Gan Yee Hin said in a statement.

Furthermore, he said the recently announced 13th Malaysia Plan (13MP) is expected to spur sector activity, with about RM430bil allocated for development expenditure, including infrastructure, schools, hospitals and affordable housing.

“These drivers bode well for the industry, including us, and our team remains busy working on more tenders. The order book for our construction segment is healthy at RM1.2bil, representing more than five times of our FY25 revenue,” Gan said.

“Zooming into our M&E arm, the bright prospects continue to be underpinned by the data centre boom, opportunities in the healthcare space, and the robust foreign direct investments flowing into Malaysia, particularly in pharmaceutical and high-value manufacturing.

“On that note, we are pleased to share that our M&E segment has recently secured a RM19.3mil job from Sunway Construction Sdn Bhd. Excluding this contract, the outstanding order book for SJEE stands at around RM99mil, he added.

In March 2025, the group proposed transferring its listing from the ACE Market to the Main Market of Bursa Malaysia, with completion targeted in the second half of 2025, subject to approvals.