Sarawak Consolidated Industries Bhd (SCIB) recorded a profit after tax (PAT) of RM0.44 million for the first quarter ended March 31, 2026 (1Q26), marking a modest improvement as stronger project progress recognition supported earnings in the latest quarter.
The EPCC and construction specialist posted quarterly revenue of RM59.3 million, with continuing operations contributing RM26.95 million, up 32.8% from the immediate preceding quarter, driven by better execution of ongoing construction works and improved recognition from active projects.
The Manufacturing segment, classified as a discontinued operation following the proposed disposal of SCIB Concrete Manufacturing Sdn Bhd (SCM), contributed RM32.35 million in revenue and RM4.42 million in profit before tax, underpinned by steady demand for foundation piles and IBS products.
SCIB’s Construction and EPCC segment generated RM26.71 million in revenue, while other operations contributed RM0.24 million, reflecting a gradual recovery in core project execution activity.
The group’s performance comes amid its ongoing restructuring, including the approved disposal of SCM for RM113 million and land assets, aimed at unlocking value and strengthening financial flexibility as SCIB sharpens its focus on its EPCC business.
Chairman Datuk Chong Loong Men said the improved quarterly performance reflects better project execution and cost discipline, adding that the group is working to rebuild its project pipeline and reinforce its position as a more focused EPCC player.
Looking ahead, Chong said SCIB remains cautiously optimistic on its outlook, supported by continued infrastructure spending in Malaysia, particularly in Sabah and Sarawak, while maintaining focus on cost control, execution discipline and order book replenishment.
