Lee Ming Jean, alternate director to managing director Ir. Dr. Lee Sieng Kai of Glostrext Bhd
KUALA LUMPUR: Glostrext Bhd
remained cautiously optimistic for the remainder of the financial year ending March 31, 2026 (FY26), supported by a favourable operating environment and a healthy pipeline of projects.
“With ongoing infrastructure and data centre projects in Malaysia, as well as major developments such as Changi Airport Terminal 5 in Singapore, we are well-positioned to sustain growth while maintaining discipline in cost management and operational efficiency,” Lee Ming Jean, alternate director to managing director Ir. Dr. Lee Sieng Kai said in a statement.
In the third quarter ended Dec 31 (3Q26), the geotechnical instrumentation and testing service provider’s net profit edged up to RM2.4mil, or earnings per share (EPS) of 0.59 sen compared with RM2.36mil, or 0.58 sen in the year-ago quarter.
Quarterly revenue climbed 44.8% year-on-year to RM13.2mil, mainly due to contributions from the newly acquired power-related businesses.
For the nine months ended Dec 31, Glostrext’s net profit rose 60.9% to RM8.8mil from RM5.47mil a year earlier, while earnings per share increased to 2.14 sen from 1.34 sen previously.
For 9MFY26, revenue surged 74.9% to RM44.1mil from RM25.2mil, driven by higher project execution and sustained demand from large-scale infrastructure and construction works in both Singapore and Malaysia.
Glostrext said the strong performance was mainly underpinned by its core pile instrumentation and static load test services, which accounted for 62.3% of total revenue during the period, followed by structural and ground instrumentation and monitoring services at 12.1%.
The company also recorded a positive operating cash flow of RM11.5mil for the nine-month period. As at 31 December 2025, Glostrext’s cash and bank balances stood at RM15.4mil, with net assets per share at 15 sen.
“Our nine-month performance underscores the resilience of our core geotechnical services, complemented by the contribution from our power-related businesses. This has enabled the group to deliver solid profitability and healthy cash flows,” Lee said.
