MRCB posted FY2025 revenue of RM1.20bn, down 27% y-o-y due to LRT3 near-completion and delayed domestic launches, but PBT held steady at RM73.2m (‑2%). ECE division led revenue (RM944.8m) though operating profit fell 26% as LRT3 reached 99.6% completion. Property revenue dropped 41% to RM171.1m, but property sales rose 11% to RM927.4m, with RM1.4bn unbilled. The group won ~RM5.5bn in new construction contracts, restoring its pipeline, and completed acquisition of the 80% stake in Bukit Jalil Sentral; net gearing rose to 0.41x. Board declared a 1.00 sen final dividend; management expects stronger property revenues from 2027 and major project execution from 2026.
MRCB PBT Steady at RM73.2M: new wins offset LRT3 dip
