George Kent (Malaysia) Bhd ended the financial year 2026 (FY26) in the red after posting a sharp reversal in profitability, driven largely by foreign exchange losses, despite higher revenue across both the quarter and full year.
For FY26, the group’s revenue increased 22% to RM167.83 million, supported by stronger contributions from the Metering Division and higher recognition from ongoing engineering projects.
Despite this, George Kent recorded a loss after tax (LAT) of RM18.39 million compared to a profit of RM4.35 million previously, a major 523% swing, primarily due to RM16.46 million in foreign exchange losses.
As for the fourth quarter ended March 31, 2026, the group’s revenue rose 4% year-on-year to RM39.33 million. However, it swung to a LAT of RM7.68 million from a profit of RM18.99 million a year earlier, marking a 140% reversal. The decline was mainly due to a RM2.55 million foreign exchange loss and a RM1.7 million share of loss from an associate.
Despite the weaker earnings outcome, the board declared a second interim dividend of 0.75 sen per share for FY26, unchanged from the previous year, payable on July 9, 2026, to shareholders on record as of June 18, 2026.
