KUALA LUMPUR: Taliworks Corporation Bhd recorded a revenue of RM132.5 million for Q4 ended December 31, 2025 (FY25), representing a 31.0% increase from RM101.1 million in the same quarter in 2024.
This growth was mainly due to the toll highway part of the business, which received a much higher government payment of RM36.1 million, compared to just RM1.3 million in the same quarter last year, along with consistent earnings from the renewable energy part.
Correspondingly, profit before tax (PBT) increased from RM3.5 million to RM43.2 million. Profit after tax (PAT) in turn increased by 62.7% to RM29.4 million.
The group’s improved earnings were also supported by a larger profit share of RM3.9 million from Taliworks’ joint venture, Grand Sepadu Sdn Bhd, driven by higher government payments, increased daily traffic, lower repair and maintenance costs, and additional income during the quarter.
For FY25, revenue rose by 2.3% to RM461.9 million, up from RM451.4 million in FY24 in the previous year.
The steady growth was attributed to higher contributions from the construction and
renewable energy segments.
Revenue from the construction segment improved by 50.4% to RM109.1 million, compared with RM72.6 million a year ago, on the back of the steady work progress in Package 2 and Package 3 of Phase 1 of the Sungai Rasau Water Supply Scheme Project.
Concurrently, the renewable energy segment recorded revenue growth of 5.2% to RM31.2 million, benefiting from the full-year impact of the completion of solar panel replacements at TR Sepang Sdn Bhd and TR CPark Sdn Bhd in 2024, which led to higher electricity generation and sales to off-takers.
The group saw a 16.7% increase in PBT to RM138.0 million from RM118.3 million last year.
PAT grew to RM107.4 million, up 4.7% from RM102.5 million, resulting in earnings per share of 4.14 sen, compared to 3.63 sen in the financial year ended 2024.
The positive results were primarily driven by lower share of losses from an associate, SWM Environment Holdings Sdn Bhd, of RM5.1 million, in comparison to RM32.2 million a year ago.
The lower share of losses was primarily driven by a one-off net reversal of the provision for losses on receivables of RM112.7 million, following an agreement with a customer to repay long-outstanding receivables.
The group’s higher PBT in this year comparatively, is also a result of there being no RM15.1 million write-off in propety, plant and equipment and lower upkeep and maintenance expenses related to the replacement of solar panels in the renewable energy segment in the previous year, as well as a reduction in financing costs.
Commenting on the group’s financial performance, Taliworks executive director Kevin Chin said the group continued to underpin its performance for the financial year from its core earnings and healthy cash flows from its water treatment and supply operations and the toll highway segment.
“As we look ahead, our focus remains on expanding our water treatment and supply, construction and renewable energy segments, with strategic investment in opportunities that support long-term growth.
“Operational efficiency also remains a key priority, and we will continue to implement proactive initiatives to optimise processes and control operating costs.
“Together, these initiatives position the group to deliver sustainable long-term value for shareholders,” he said in a statement.
The board has declared a fourth interim single-tier dividend of 0.75 sen per share, amounting to RM15.12 million, which shall be paid on March 31, 2026.
To date, Taliworks has declared a total dividend of 2.25 sen per share, amounting to RM45.36 million, for FY25. Based on the closing price of RM0.45 on February 11, 2026, the full-year FY25 dividend payout yields approximately 5.0%.
