Gamuda Bhd posted its fifth consecutive year of record earnings for the financial year ended July 31, 2026, with net profit rising 5% to RM1.05 billion, driven by strong domestic construction contributions, particularly from data centre projects.
Full-year revenue increased 14% to RM18.33 billion from RM15.97 billion a year earlier, while profit before tax rose to RM1.46 billion from RM1.28 billion.
Gamuda said domestic construction earnings surged 49% to RM461 million, making Malaysia the key growth engine for the division. Including overseas operations, total construction earnings increased 19% to RM742 million.
The group’s construction order book also reached a record RM61 billion, providing substantial earnings visibility in the coming years.
For the fourth quarter ended July 31, Gamuda recorded net profit attributable to shareholders of RM349.7 million, up about 5% from RM332.1 million in the corresponding quarter last year.
Quarterly revenue climbed 19% to RM5.76 billion from RM4.84 billion, while pre-tax profit increased to RM497.0 million from RM470.2 million.
The property division recorded a softer fourth quarter, with revenue declining 14% and net profit falling 41%, reflecting slower sales conversion across the group’s Malaysian townships.
Nevertheless, Gamuda has RM7.6 billion in unbilled property sales, which is expected to support future cash flows.
Gamuda’s net gearing stood at 72% at end-July 2026, temporarily exceeding its self-imposed 70% ceiling following land acquisitions in Vietnam and Singapore to replenish its quick-turnaround property development portfolio.
The group said its balance sheet continued to be supported by operating cash generation, with almost RM800 million in surplus cash generated from operating activities during the year.
Gamuda expects gearing to begin declining from next year as cash inflows from its record construction order book and unbilled property sales accelerate.
