PETALING JAYA: Kelington Group Bhd
’s expansion into new geographical markets has proven to be a good move for the engineering and construction firm – providing a strong foothold for future expansion, with more projects expected through to 2027.
In a filing with Bursa Malaysia, Kelington said a key milestone for the quarter was its win in Dresden, Germany, marking its entry into the European market.
“We remain positive on the outlook. Global investment in semiconductor capacity continues to rise, supported by demand for advanced logic, memory and artificial intelligence or AI-related chips.
“We are engaging with existing customers on their upcoming expansion plans and are tendering for advanced chip fabrication plants globally,” it said.
Kelington is also expanding its capabilities in sustainable engineering, and has signed several memoranda of understanding with industry players and educational institutions to build technical capabilities and explore joint development opportunities.
For the nine months ended Sept 30, 2025, it secured RM1.14bil in new contract wins, bringing its outstanding order book to RM1.64bil.
“With a solid order book, expanding presence in high-growth markets and exposure to structural trends in semiconductors and environmental, social and governance, we are well positioned to capture the opportunities ahead.”
Meanwhile, Kelington posted a higher net profit of RM41.14mil for the third quarter ended Sept 30, 2025 (3Q25) compared to the RM32.91mil posted in 3Q24.
This was on the back of a higher revenue of RM316.36mil for the quarter.
The higher revenue was mainly supported by stronger contributions from advanced engineering projects in Singapore, as well as other new projects that gained momentum.
Kelington noted revenue from projects in China declined by 25% as several projects are near completion and are ready to be handed over. “In Malaysia, revenue declined by 2% to RM119.mil, mainly attributable to lower contributions from the industrial gases segment,” said the firm.
It has declared the payment of a third interim tax-exempt dividend of 2.5 sen and special interim dividend of 1.5 sen per ordinary share in respect of the financial year ending Dec 31, 2025 to be payable on Jan 21, 2026.
