Advancecon Holdings Berhad (前进控股有限公司) (“Advancecon” or “the Group”) (Bursa: 5281), an established provider of earthworks and civil engineering services in Malaysia, today announced another profitable quarter for the second quarter ended 30 June 2025 (“Q2 FY2025”), extending its strong turnaround trajectory into the first half of the financial year.
For the quarter under review, the Group reported revenue of RM108.6 million, a 16.9% increase compared to RM92.9 million in the same period last year. Profit after tax rose to RM2.4 million, a significant recovery from a loss of RM6.7 million in Q2 FY2024. Profit attributable to owners of the Company stood at RM1.3 million, bringing cumulative first-half profit attributable to owners to RM2.2 million, versus a loss of RM19.1 million in the corresponding period last year.
The strong performance was underpinned by sustained contributions from the Quarry division, which posted a pre-tax profit of RM2.4 million, driven by higher demand for quarry products and services. The Construction and Support Services segment recorded a pre-tax profit of RM0.7 million, rebounding from a loss in the prior year’s quarter, supported by disciplined execution and gains from the disposal of machinery. The Green Energy division remained profitable for a second consecutive quarter, with contributions from the Group’s LSS4 solar farm. Quarter-on-quarter, revenue rose 7.3% from RM101.2 million in Q1 FY2025, while pre-tax profit climbed 53.1% from RM1.9 million, reflecting continued operational improvements.
Dato’ Phum Ang Kia, Group Chief Executive Officer of Advancecon Holdings Berhad commented, “We are encouraged by the consistency of our results across the first half of FY2025. The resilience of our Quarry operations, the stabilisation of our Construction division, and the positive traction in Green Energy reinforces our strategy to diversify revenue streams while enhancing execution discipline. With our outstanding order book of RM754 million, we remain confident in delivering value to our stakeholders as we strengthen our foundation for sustainable growth.”
As at 30 June 2025, Advancecon’s order book stood at approximately RM754 million, providing earnings visibility over the next two years. The Group continues to actively bid for new contracts, with a focus on infrastructure, renewable energy, and township development projects, in line with Malaysia’s long-term economic agenda.
Looking ahead, Advancecon remains focused on strengthening project delivery, optimising cost structures, and capitalising on new growth opportunities across its core business divisions.
