PETALING JAYA, 25 NOVEMBER 2025 - WCT Holdings Berhad (“WCT” or “the Group”), an investment holding company with businesses in engineering and construction, property development and investment in and management of retail malls and hotels, recorded revenue of RM482.6 million in the third quarter ended 30 September 2025 (“Q3FY25”) as compared to RM437.5 million in the preceding year’s corresponding quarter ended 30 September 2024 (“Q3FY24”). The Group recorded profit attributable to equity holders of RM10.5 million in Q3FY25, as compared to RM173.2 million in Q3FY24.
For the nine months period ended 30 September 2025 (“YTD25”), the Group recorded higher revenue of RM1.51 billion, representing an increase of 18% from RM1.28 billion in the corresponding period ended 30 September 2024 (“YTD24”). The Group’s profit attributable to equity holders decreased to RM37.8 million in YTD25, compared to RM220.6 million recorded in YTD24.
The Group’s Engineering and Construction Division recorded revenue of RM736.7 million (YTD24: RM699.7 million), contributing 48.9% to the Group’s consolidated revenue, with an operating profit of RM11.2 million (YTD24: RM34.8 million). The decline in operating profit was primarily due to lower margins recognised as several higher-margin projects are approaching completion.
Dato’ Lee Tuck Fook, Group Managing Director, WCT Holdings Berhad said, “The Group’s sustained focus on securing construction projects has resulted in our latest win of the RM365.2 million contract awarded by Projek Lebuhraya Usahasama Berhad (PLUS) for the expansion of the North-South Expressway from Yong Peng (North) to Senai (North), Phase 2: Sedenak to Simpang Renggam. The project leverages WCT’s engineering expertise in expressway upgrading and widening works.
The Division have also recently attained the ISO 37001:2016 Anti-Bribery Management System certification, further underscoring our commitment to upholding strong integrity and governance across the Group,” added Dato’ Lee.
Meanwhile, the Group’s Property Development Division achieved higher revenue and operating profit of RM597.0 million (YTD24: RM384.3 million) and RM100.5 million (YTD24: RM36.9 million). The increased in both the revenue and operating profit were attributed to higher sales and billing as well as land sales. To date, the Group’s unbilled sales stood at RM1.07 billion.
The Property Investment and Management Division registered a lower revenue of RM173.9 million and an operating profit of RM64.9 million (YTD24: RM197.2 million and RM284.1 million). The decrease in revenue was mainly due to the absence of revenue contributions from, Paradigm Mall Johor Bahru, and Bukit Tinggi Shopping Centre after the injection into Paradigm REIT on 10 June 2025. The lower operating profit was mainly due to a gain on dilution of interest in a joint venture amounting to RM184 million recognised in the corresponding period of preceding year.
“We remain committed to enhancing our performance and capturing new opportunities to deliver long-term value, supported by the steady contributions of our core divisions and our ongoing efforts to further expand them,” Dato’ Lee concluded.
