Epicon Bhd’s profit after tax (PAT) fell 50.8% to RM1.54 million for the first half of 2026 (1H26) from RM3.13 million a year earlier, weighed down mainly by higher finance costs and increased staff expenses.
Revenue for the six-month period eased to RM90.41 million from RM93.16 million, mainly due to slower work progress on several construction projects.
The second quarter, however, showed an improvement in profitability, with PAT rising to RM1.84 million from RM1.67 million a year earlier despite revenue slipping 2.1% to RM52.11 million. The stronger earnings were driven by better progress on higher-margin projects, partly offset by higher finance costs.
Group Chief Executive Officer Clement Toh said improved project execution in 2Q26 reflected stronger work progress across Epicon’s construction portfolio, while the group remained focused on cost management, value engineering and disciplined project delivery.
As at June 30, Toh shared that Epicon’s outstanding construction order book stood at approximately RM593 million, providing a sizeable base of ongoing work and earnings visibility.
The group is also advancing its diversification into property development, including a proposed development of 876 single-storey terrace houses in Batang Kali, Selangor, targeted for launch in the 4Q26.
Separately, Epicon has entered into a conditional agreement to acquire a 60% stake in Rantau Urusan (M) Sdn Bhd and LPB Construction Sdn Bhd for RM543.16 million, subject to regulatory and shareholder approvals.
