MHB posts RM75.9m PBT on RM1.5b revenue in first half of 2026
Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) reported first-half profit before tax of RM75.9 million on revenue of RM1.5 billion, up from RM70.7 million PBT on RM1.3 billion revenue a year earlier.
Source: Malaysian Marine and Heavy Engineering · August 21, 2026 at 5:31 PM · AI-assisted report
Corroborated
JOHOR, 22 AUGUST 2026 —
Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) reported first-half profit before tax of RM75.9 million on revenue of RM1.5 billion, up from RM70.7 million PBT on RM1.3 billion revenue a year earlier.
Market Impact
The Heavy Engineering segment led the advance, generating RM1.29 billion of revenue — RM663.2 million higher than the RM630.2 million recorded in the same period last year — as projects moved into higher construction phases. Operating profit in the division jumped to RM72.3 million from RM3.7 million a year ago, a gain the company said was driven by higher activity and the finalisation of post-sail-away contracts.
MHB’s Marine segment, however, reported revenue of RM215.3 million, RM39.2 million below the RM254.5 million posted in the prior-year period. The decline reflected fewer vessel repairs as owners chose to trade through high freight markets in West Asia, while an earlier conversion project had sailed away. Operating profit in the segment fell to RM14.3 million from RM28.4 million.
MHB said the global energy outlook remains fluid, with geopolitical tensions and shifting investment priorities shaping capital allocation toward selective upstream developments and energy infrastructure. “Heightened concerns over energy security and supply reliability continue to influence capital allocation decisions,” said Mohd Nazir Mohd Nor, managing director and chief executive officer.
He added that the Heavy Engineering unit will pursue a “strategic and selective” approach to building its order book across conventional and new-energy sectors, both domestically and overseas, to keep the portfolio balanced while maintaining disciplined project execution. On the marine side, he said long-term repair demand should stay resilient, supported by LNG carrier dry-docking requirements as the LNG value chain expands.
“Yard modernisation is progressing steadily to lift productivity, operational efficiency and competitiveness,” Mohd Nazir said, “supporting our long-term growth prospects and ability to deliver value-added solutions.”
Listed on Bursa Malaysia and part of the MISC Group, MHB operates the country’s largest fabrication yard in Pasir Gudang, Johor, and positions itself at the forefront of new-energy projects including offshore carbon-capture facilities and high-voltage direct-current platforms for wind farms. The group also specialises in marine repairs and conversions, including LNG carriers, FPSOs and FSOs.
MHB has pledged to achieve net-zero emissions by 2050 and has been included in the FTSE4Good Index since 2015.
Related: MISC · Bursa Malaysia · Johor