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Geohan Q4 revenue rises 14.6% QoQ post-listing, order book at RM440m

KUALA LUMPUR: Geohan Corporation Bhd, an established foundation and geotechnical specialist, achieved revenue of RM104.5 million for Q4 ended Dec 31, 2025 (FY25), advancing 14.6% quarter-on-quarter.

The earnings were anchored by its core foundation and geotechnical services division, which contributed RM95.1 million or 91% of total turnover, while other related services surged 59.8% to RM9.4 million.

Gross profit rose 18.3% to RM12.4 million with a reported profit before tax (PBT) of RM3.6 million.

Notwithstanding the one-off listing expenses of RM1.9 million, the adjusted PBT was RM5.5 million, 9.7% higher than the previous quarter.

There is no year-on-year comparative data as Geohan was listed on the Main Market of Bursa Malaysia in December 2025.

On a full-year basis, Geohan recorded a gross profit of RM38.7 million, supported by RM367.6 million in revenue, underpinned by steady contributions from residential, mixed development, and infrastructure projects.

Excluding cumulative one-off listing expenses of RM0.5 million in FY24 and RM4.1 million in FY25, the normalised PBT rose 9.9% to RM25.0 million.

This gives a higher normalised PBT margin of 6.8% in contrast to the preceding year’s 5.8%.

As of Dec 31, 2025, the company’s outstanding order book stands at approximately RM440 million, comprising mainly residential, mixed development, and infrastructure projects across Peninsular Malaysia.

These progressive billings are expected to contribute positively to the group’s earnings over the next 22 months.

Commenting on the results, Geohan managing director Lee Kim Seng said FY25 marks an important milestone for the company following its successful debut on the Main Market.

“Our robust project pipeline provides strong earnings visibility as we move into 2026, further bolstered by the acquisition of new material machineries to enhance our operational capacity.

“Recent upward adjustments in ready-mix concrete prices, we are pleased to have
adapted quickly operationally and continue to monitor these developments closely to preserve our profitability.

“Supported by our execution capabilities and stronger market presence post-listing, we are well-positioned to capture new opportunities, particularly within the vibrant infrastructure sector,” he said in a statement.

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