DRB-Hicom posts higher 3Q revenue

PETALING JAYA: DRB-Hicom Bhd will remain committed to its digitalisation journey, optimising operations and strengthening efficiency across all segments.

In a filing with Bursa Malaysia, the conglomerate said it would focus on its digitalisation focus in spite of the challenging business environment.

“The group anticipates a moderate outlook for the financial year ending Dec 31, 2025,” it said.

For the third quarter ended Sept 30, 2025, DRB-Hicom’s net loss widened to RM15.2mil compared with a net loss of RM5.29mil in the previous corresponding period, while revenue in the third quarter grew to RM4.49bil from RM4.13bil a year earlier.

In a statement, the company said the improved revenue was driven by higher sales across all business sectors - namely the automotive, properties, aerospace and defence, banking, postal and services.

For the nine months period ended Sept 30, 2025, DRB-Hicom’s net profit dropped to RM60.62mil from RM69.17mil in the previous corresponding period, while revenue rose to RM12.74bil from RM12.23bil previously.

For the nine-months period, DRB-Hicom said its properties division revenue grew 51% to RM197.68mil, supported by progress from property concession development projects.

For the services segment, revenue rose 13% to RM158.57mil, largely attributable to a higher number of commercial vehicles undergoing inspections within the vehicle inspection business segment.

Revenue for the automotive segment grew 4.6% to RM8.84bil, mainly due to higher sales volume from Proton, supported by a favourable sales mix and increased contributions from automotive distribution companies.

As for the banking segment, revenue increased 4% to RM1.65bil, underpinned by higher financing income, supported by sustained business growth and an expanding customer base.

On the postal segment, DRB-Hicom said revenue rose 1.5% to RM1.34bil, supported by higher parcel volumes and growth in cargo and in-flight catering activities following an uptick in meal uplifts.

“This was partially offset by lower ocean freight management activities and prolonged downtime of a marine vessel undergoing dry-docking.

With regards to the aerospace and defence segment, revenue declined 6.7% to RM544.88mil, reflecting weaker airlines demand following reduced deliveries of single-aisle aircraft and certain aircraft components.