PETALING JAYA: Malaysia Marine and Heavy Engineering Holdings Bhd
(MMHE) expects 2026 to remain challenging amid heightened geopolitical tensions in West Asia, which is likely to continue driving energy price volatility, disrupting supply chains and dampening global investment sentiment across the energy and marine sectors.
Despite the uncertainties, the group said growing demand for offshore floater conversions and liquefied natural gas vessel repairs is expected to create opportunities.
For the first quarter ended March 31, 2026 (1Q26), MMHE posted a net profit of RM14.3mil, representing an increase of 16.9% year-on-year (y-o-y).
Revenue increased 15.2% to RM521.9mil from RM453.1mil previously, mainly driven by higher contributions from its heavy engineering segment.
