GFM Services Bhd posted a 77.2% year-on-year surge in 1H26 revenue to RM177.7 million, driven largely by the consolidation of Shapadu Energy Sdn Bhd and stronger contributions from its Energy business, while net profit climbed 14.2% to RM13.4 million.
The Energy segment emerged as GFM’s largest revenue contributor during the six months ended June 30, accounting for 54.4% of group revenue, followed by Facilities Management at 37.9% and Concession Arrangements at 7.7%.
For 2Q26, revenue jumped 81.4% year-on-year to RM95 million, supported by Shapadu Energy as well as variation order works under the Facilities Management segment. Net profit increased 27.9% to RM7.4 million from RM5.8 million a year earlier.
Group Managing Director Ruslan Nordin said the 1H26 performance reflected GFM’s larger scale and broader earnings base, with Energy becoming a major contributor while its FM and Concession businesses continued to provide recurring income.
Looking ahead, GFM is gearing up for the first major plant turnaround cycle at the Pengerang Integrated Complex, where the group holds eight TA4MS contracts.
