Unitrade projects solid growth on construction demand

PETALING JAYA: Unitrade Industries Bhd remains positive about its financial performance outlook for the current financial year, underpinned by stronger contributions from its wholesale and distribution, as well as metal recycling divisions.

In a statement, the homegrown building materials wholesalers and distributor noted that the construction sector is expected to maintain a strong growth trajectory.

“In the first half of 2025, the sector recorded a value of work done of RM86.8bil, representing a 14.7% increase compared to the same period in 2024.

“Further growth is anticipated under the recently unveiled 13th Malaysia Plan for 2026 to 2030 that allocates RM430bil in development expenditure, which is expected to spur construction activities and fuel demand for building materials,” Unitrade explained.

The company also said that the recovery in steel prices, supported by China’s anti-involution policy following a prolonged period of downward pressure, bodes well with Unitrade’s steel-based building materials distribution.

“At the same time, the government’s continued emphasis on energy transition provides additional opportunities for Unitrade’s renewable energy (RE) segment, supported by programmes such as the large-scale solar initiatives and the National Energy Transition Roadmap.”

Group managing director Nomis Sim Siang Leng said the group’s revenue mix is now more balanced, with nearly 50% of revenue generated from green businesses, particularly the metal recycling and RE segments.

“This transformation has reinforced Unitrade’s profitability focus and enabled us to evolve from a conventional building materials distributor into one with synergistic upstream growth verticals.”