MHB posts nine-month profit of RM101.2m on RM2.8bn revenue
MHB posted a nine-month pre-tax profit of RM101.2 million on revenue of RM2.8 billion for the period ended September 30, 2024.
Source: Malaysian Marine and Heavy Engineering · August 6, 2026 at 12:07 AM · AI-assisted report
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KUALA LUMPUR, 6 AUGUST 2026 —
MHB posted a nine-month pre-tax profit of RM101.2 million on revenue of RM2.8 billion for the period ended September 30, 2024.
Market Impact
The Heavy Engineering segment’s revenue rose 26% to RM2.48 billion from RM1.97 billion in the same period last year, according to the company. The increase was driven by higher billings as ongoing projects advanced into the construction stage. Operating profit swung to RM87.5 million from an RM506.5 million loss a year earlier after the segment recognised cost-recovery claims.
Marine revenue climbed 38% to RM312.5 million from RM225.7 million, mainly from stronger dry-docking and repair services. Operating profit rose RM13.5 million to RM33.9 million.
Managing Director and Chief Executive Officer Mohd Nazir Mohd Nor said stable upstream capital spending amid energy-security concerns and geopolitical conflicts had created project opportunities. “Upstream capital expenditure spending is expected to remain stable,” he said. “Demand for oil and gas remains strong in the energy-transition era.”
For Marine, Mohd Nazir said the unit aims to expand its conversion portfolio to serve upstream activity. A surge in the LNG fleet should support repair and maintenance demand, though he warned that dry-docking deferrals during the northern hemisphere winter may offset some gains. He added that competition from Chinese and regional yards would persist.
“Current geopolitical conflicts are likely to continue affecting supply chains, leading to price escalations and volatile operating landscapes,” he said. “We remain focused on improving our contracting strategies through risk-sharing arrangements.”
MHB, which operates Malaysia’s largest fabrication yard, traces its origins to 1974 and has since expanded into LNG conversion, carbon-capture facilities and offshore wind substations as part of its push into green energy.