PETALING JAYA, 26 AUGUST 2026 – 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, and food & beverage segment, recorded revenue of RM370.3 million for the second quarter ended 30 June 2026 (“Q2FY26”), compared to RM552.8 million in the corresponding quarter ended 30 June 2025 (“Q2FY25”). The Group recorded profit attributable to equity holders of RM14.7 million in Q2FY26, compared to RM15.3 million in Q2FY25. The lower revenue was mainly attributed to the lower contributions from the Engineering and Construction and Property Development divisions, which declined by RM115 million and RM55 million, respectively.
For the six months ended 30 June 2026 (“1HFY26”), the Group recorded revenue of RM815.6 million, a decrease of 20% from RM1.02 billion in the corresponding period ended 30 June 2025 (“1HFY25”). Profit attributable to equity holders stood at RM19.3 million in 1HFY26, compared to RM27.3 million in 1HFY25.
The Group’s Engineering and Construction Division reported revenue of RM438.6 million (1HFY25: RM472.5 million), contributing 53.8% to the Group’s consolidated revenue. The Group’s Property Development Division recorded lower revenue and operating profit of RM280.1 million (1HFY25: RM416.7 million) and RM45.6 million (1HFY25: RM75.8 million), respectively. The higher revenue and operating profit recorded in 1HFY25 were mainly attributed to higher property sales, as well as recognition of land sales. In comparison, there were no corresponding land sales recorded in the current year to date. As at 30 June 2026, the Group’s unbilled sales stood at RM868.8 million.
Meanwhile, the Property Investment and Management Division and Food & Beverage segment recorded lower revenue and operating profit of RM96.9 million and RM18.6 million, respectively (1HFY25: RM135.6 million and RM57.4 million). The lower revenue and operating profit were because the contributions from Paradigm Mall Johor Bahru and Bukit Tinggi Shopping Centre were accounted for differently following their injection into Paradigm REIT on 10 June 2025.
Dato’ Lee Tuck Fook, Group Managing Director of WCT said, “Despite a softer earnings contribution during the quarter, the Engineering and Construction Division remained resilient, strengthening its orderbook by securing three international contracts in Taiwan and the UAE, with a combined value of approximately RM1.72 billion. These comprise the National Highway No. 1 Addition of Gangshan Second Interchange Project in Taiwan and two residential developments on Yas Island, Abu Dhabi. The contract wins reflect our continued efforts to expand our international footprint and reinforce the Division’s project pipeline of projects for sustainable growth.”
“We remain cautiously optimistic about the Group’s growth prospects. As we move into the second half of the year, we will continue to optimise our resources, enhance collaboration across our businesses and remain responsive to market opportunities, while maintaining a prudent approach to growth. These priorities will support our efforts to enhance performance and deliver sustainable value to our stakeholders,” Dato’ Lee concluded.
