KUALA LUMPUR: BWYS Group Bhd expects 2026 to be a year of growth, supported by healthy domestic demand and steady progress across its strategic projects.
“With both the colour coating joint venture and the Penang factory coming onstream, 2026 is set to be a year of growth and stronger operational capacity for BWYS,” the sheet metal products manufacturer and scaffoldings supplier said in the notes accompanying its financial results.
Operationally, BWYS said it will continue to streamline processes, strengthen cost discipline and manage inventory with greater precision to support margins.
In the third quarter ended Sept 30, BWYS’ net profit surged to RM4.32 mil, or 0.42 sen per share, lifting its nine-month net profit 94.5% higher to RM10.9 mil, or 1.06 sen per share.
Quarterly revenue rose 30% to RM74.8 mil, bringing its nine-month revenue 11.1% higher to RM201.7 mil.
The board has declared a first interim single-tier dividend of 0.05 sen per ordinary share for the financial year ending Dec 31, 2025, amounting to approximately RM0.5 mil.
Managing director Kang Beng Hai said the group is encouraged by the strong results achieved in the quarter, noting that robust construction-sector demand and continued customer support have been instrumental in driving its performance.
“We remain optimistic about our growth prospects following the recently announced joint venture with Runwin International (HK) Holding Group Co., Limited to establish a state-of-the-art colour-coated steel coil production line. The facility will have an initial production capacity of 150,000 tonnes per year, providing a new revenue stream for BWYS.
“Construction of the new Penang factory is progressing as planned and is scheduled to begin operations in the first quarter of 2026,” he said in a statement.
Additionally, Kang said the group recently announced the proposed acquisition of 28.9 acres of freehold industrial land at Compass, Kota Seri Langat, for RM94.5 mil.
“The new site will be the future growth catalyst and accommodate part of our operations upon completion, supporting BWYS’s core activities in the rental and supply of scaffoldings as well as the manufacturing of sheet metal products,” he added.
