Infrastructure wins, Australian operations expansion boost Gamuda Berhad’s order book to record RM44 bln

PETALING JAYA (March 10): Gamuda Berhad has recorded a strong financial performance for the second quarter of its financial year 2026, supported by major infrastructure wins and an expansion of its operations in Australia.

The group’s outstanding construction orderbook reached a record RM44 billion following a significant expansion of its Australian footprint.

This was driven by its largest contract win in Australia to date, the AU$2.7 billion (RM7.48 billion) Sydney Metro West – Stations Package West, which helped the group secure a combined RM9.5 billion in new infrastructure and energy projects during the quarter.

For the quarter, Gamuda posted a 5 per cent increase in net profit to RM230 million, while revenue rose 9 per cent to RM4.4 billion.

The improved performance was mainly supported by strong contributions from ongoing domestic construction projects and the successful execution of quick-turnaround projects (QTPs) in Vietnam, which exceeded sales targets.

For the first half of the financial year, the group’s net profit rose 5 per cent to RM445 million, while revenue grew 1 per cent to RM8.3 billion.

Meanwhile, property sales for the first half declined 9 per cent to RM1.6 billion following the completion of the Celadon City development in Vietnam last year, which had already sold out its available units.

To strengthen its pipeline of projects, Gamuda said it is expanding its strategic landbank with four new acquisitions aimed at boosting its QTP portfolio. Property sales are expected to pick up as new development phases are launched.

Looking ahead, the group said its outlook remains supported by its record RM44 billion construction orderbook and unbilled property sales totalling RM8 billion, providing a strong earnings pipeline for the coming years.