BWYS Group Bhd delivered sharply contrasting earnings in the first half of FY26 (1H26), with profit after tax (PAT) surging more than fourfold to RM27.3 million from RM6.6 million a year earlier, while second-quarter PAT fell 32.5% to RM2.7 million.
The stronger first-half result was largely boosted by a one-off RM38.4 million gain from the disposal of an industrial property in Kuala Langat, Selangor, completed in February 2026.
For 2Q26, PAT declined from RM4 million a year earlier, mainly due to softer contributions from the group’s scaffolding supply segment.
Revenue, however, remained resilient as 2Q26 revenue rose 14.2% year-on-year to RM79.4 million, supported by a 28.5% increase in sheet metal products manufacturing and a 40.4% rise in steel and related products trading.
For 1H26, revenue increased 12.4% to RM142.5 million from RM126.8 million.
Managing Director Kang Beng Hai said healthy demand across manufacturing and steel trading supported double-digit revenue growth, while proceeds from the property disposal were used to reduce borrowings and strengthen the balance sheet.
As at end-June, cash and bank balances rose 34.6% to RM83.8 million, while borrowings fell 13.2% to RM133.5 million.
BWYS is pressing ahead with RM106.8 million in committed capital expenditure, including a new Penang production facility, a colour coating line and a plastic panel joint venture, as it positions for further growth in Malaysia’s construction and infrastructure sectors.
