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Datuk Chong Loong Men
KUCHING (Feb 27): Sarawak Consolidated Industries Berhad (SCIB) has announced its unaudited consolidated results for the sixth quarter ended Dec 31, 2025 (Q6 FPE2025), marking the close of its extended 18-month financial period following the change of financial year end.
For Q6 FPE2025, SCIB recorded revenue of RM54 million contributed mainly by the construction and engineering, procurement, construction and commissioning (EPCC) as well as manufacturing segment.
“During the quarter, the group recognised impairment losses on trade and other receivables within the construction and EPCC and manufacturing division as part of a prudent review and balance sheet strengthening exercise,” SCIB in a statement.
The manufacturing segment, which has been classified as a discontinued operation following the conditional disposal agreement entered into with YTL Cement (Sarawak) Sdn Bhd, delivered RM36.02 million in revenue and profit before tax of RM1.14 million during the current quarter.
Cumulatively, over the 18-month financial period from July 1, 2024 to Dec 31, 2025, the segment contributed RM182.06 million in revenue and RM14.56 million in profit before tax.
Meanwhile, the construction and EPCC segment recorded RM17.87 million in revenue for Q6 FPE2025.
The segment’s performance for the quarter was impacted by impairment provisions recognised on receivables, undertaken to enhance financial transparency and align the with its refined strategic direction.
For the 18-month period, the construction and EPCC segment generated RM93.34 million in revenue.
For the extended 18-month financial period, the group posted cumulative revenue of RM276.19 million.
During the financial period, SCIB entered into a conditional share sale and purchase agreement for the proposed disposal of its entire equity interest in SCIB Concrete Manufacturing Sdn Bhd (SCM) for an indicative cash consideration of RM113 million, subject to adjustments.
In conjunction with the proposed disposal, the group has classified the manufacturing business as a disposal group held for sale. Assets held for sale amounted to RM192.82 million as of Dec 31, 2025.
To recap, the group has also obtained shareholders’ approval at the extraordinary general meeting held on Jan 15 for its proposed renounceable rights issue and share capital reduction exercise.
These initiatives are intended to optimise the group’s capital structure, enhance liquidity and align funding requirements with its revised construction and EPCC-focused operating model.
“Q6 FPE2025 marks a transitional milestone for SCIB as we take decisive steps to streamline our business model and reinforce our financial foundation,” said SCIB executive chairman Datuk Chong Loong Men.
He said the impairment provisions recognised reflect a prudent reset as they reposition the group towards a more focused construction and EPCC strategy.
“With the proposed disposal and approved capital initiatives, we are strengthening our balance sheet to better capture infrastructure opportunities across Sarawak and Malaysia,” he added.
According to SCIB, Malaysia’s macroeconomic outlook remains supportive, with gross domestic product (GDP) growth projected between 4 per cent and 4.5 per cent this year, underpinned by sustained development allocations under Budget 2026 and continued infrastructure investment in Sabah and Sarawak.
Major infrastructure initiatives including the Pan Borneo Highway, Sarawak–Sabah Link Road, and the Madani Submarine Cable System are expected to sustain demand for civil engineering and infrastructure works, particularly in East Malaysia, said the group.
“With its ongoing corporate restructuring, strengthened capital position and sharpened strategic focus on construction and EPCC activities, SCIB is positioning itself to pursue upcoming public and private sector opportunities with greater discipline and operational focus,” it added.
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