DENGKIL: Earthworks and civil engineering construction services provider Wawasan Dengkil Holdings Bhd’s revenue increased by 15.8% to RM53.2 million for the first quarter (Q1) ended September 30, 2025 (FY26), on a quarter-on-quarter (QoQ) basis from RM45.9 million in Q4 FY25.
The improvement was supported by increased construction activities from ongoing projects and the commencement of the fibre optic project during the current
quarter.
There are no comparative figures for the previous corresponding period or quarter because this is the company’s fourth interim financial report issued to meet the ACE Market Listing Requirements of Bursa Malaysia.
Meanwhile, the group’s gross profit stood at RM6.6 million in Q1 FY26 compared to
RM7.5 million last quarter, mainly due to the increase in the budgeted cost of the LRT Line 3 project and the completion of the Cybersouth Avaland project, which was one of the group’s high-margin projects in the last quarter.
Nonetheless, profit after tax increased to RM2.7 million in Q1 FY26 from RM2.3 million in Q4 FY25, mainly due to a lower effective tax rate in the current quarter.
Executive director Lim Soon Yik said the company’s project pipeline remains healthy.
“We are currently managing 13 ongoing projects, supported by an unbilled order book of RM348.7 million as at September 30, 2025, which is expected to provide earnings visibility for the group.
“Moreover, our project pipeline is robust with a tender book of RM1.6 billion, comprising RM1.0 billion from earthworks and civil engineering services for property development, highways, and urban rail projects, and RM0.6 billion from solar farm infrastructure works.
“Moving forward, Wawasan Dengkil’s long-term outlook is strengthened by the
strategic move to diversify into the renewable energy and related activities business.
“Our experience in delivering various solar-farm-related earthworks and civil engineering projects provides a strong foundation for us to move further up the value chain and participate in solar farm development.
“The proposed diversification represents a natural progression of the group’s business, providing us with the opportunity to secure new long-term recurring income streams from solar energy assets and enhancing earnings resilience beyond construction-based revenues,” Lim said in a statement.
To recap, on November 19, 2025, the group announced that its wholly-owned subsidiary, Wawasan Dengkil Sdn Bhd, had entered into a shareholders’ agreement
with Nestcon Infra Sdn Bhd and WD Solar Kedah Sdn Bhd (JV Co) to co-invest and
develop a 70 MW large-scale solar photovoltaic (PV) plant and ancillary equipment and facilities under the LSS Petra 5+ programme located at Mukim Ayer Puteh, Kedah.
In line with this initiative, Wawasan Dengkil plans to extend its existing principal activities to include investments in renewable energy and related areas.
