KUALA LUMPUR: End-to-end piping solutions provider, ISF Group Bhd, achieved stellar growth with revenue reaching RM98.55 million for the financial year ended Dec 31, 2025 (FY25), representing a significant 80.3% year-on-year (YoY) increase from RM54.67 million in FY24.
This performance was primarily driven by growth in the data centre segment.
In tandem with revenue growth, net profit soared by approximately 162.9% to an all-time high of RM25.34 million in FY25, more than doubling the RM9.64 million achieved
in the preceding year.
The improvement in profitability was driven by higher project margins, including larger-scale data centre projects.
On a quarterly basis, Q4 FY25 results strengthened compared to Q3 FY25.
Revenue for the quarter increased by 2.4% to RM24.57 million from RM23.99 million in the preceding quarter.
Net profit for Q4 FY25 rose 35.8% quarter-on-quarter (QoQ) to RM6.82 million from RM5.02 million, supported by stronger margin recognition as an existing data centre project nears completion.
Managing director Jeff Ai Boon Chen said the strong full-year performance reflects growing demand for the group’s services across the industries it serves.
“Ongoing expansion in the construction sector, particularly industrial facilities, logistics hubs, and data centres across Malaysia, as well as initiatives under the Johor-Singapore Special Economic Zone, are expected to create further opportunities for the group.
“We remain positive on our prospects, supported by a robust unbilled order book of RM125.69 million as of December 31, 2025, which provides earnings visibility through the financial year ending Dec 31, 2028,” he said.
ISF remained in a net cash position, with total cash of RM20.47 million exceeding total borrowings of RM7.97 million as of Dec 31, 2025.
For FY25, the group generated a net operating cash flow of RM19.88 million, reflecting its cash generation capacity.
There is no comparison with Q4 FY24 as no interim financial report was prepared for that period.
ISF was recently listed on the ACE Market of Bursa Malaysia and successfully raised RM61.15 million for future expansion.
