WCT posts softer 3Q25 earnings

PETALING JAYA: WCT Holdings Bhd’s net profit for the third quarter ended Sept 30, 2025 (3Q25) plunged 94% year-on-year (y-o-y) to RM10.5mil, as it continues to caution against a challenging environment for the engineering and construction industry.

This translates to an earnings per share of 0.68 sen. Revenue for 3Q25 increased by 10% y-o-y to RM482.6mil.

In a filing with Bursa Malaysia, WCT said the engineering and construction segment continues to be its main contributor of revenue of RM264mil, accounting for 55% of the group's consolidated revenue.

Meanwhile, property development and property investment and management segments contributed RM180mil and RM39mil respectively, representing approximately 37% and 8% of the group's consolidated revenue.

For the nine-month period ended Sept 30, 2025, the group’s net profit fell by 83% y-o-y to RM37.8mil or earnings per share of 2.43 sen. Revenue increased by 18% y-o-y to RM1.5bil, mainly driven by higher sales and billings in the property development segment, as well as revenue from sale of lands.

While the engineering and construction industry is expected to continue to face a challenging environment, WCT said it is hopeful of the rollout of bigger projects in Malaysia in the near future.