PETALING JAYA: Malaysia Marine and Heavy Engineering Holdings Bhd
(MHB) expects a more volatile year ahead on ongoing geopolitical landscape and tariff uncertainties.
The company, which is a subsidiary of MISC Bhd, at the same time also sees robust demand for floaters in the near term.
MHB ended the fourth quarter ended Dec 31 for financial year 2025 (4Q25) on a strong note as net profit more than doubled year-on-year (y-o-y) to RM52.3mil although revenue fell 28.9% to RM581.7mil.
“The operating environment in FY26 is expected to remain volatile, shaped by the ongoing geopolitical landscape and tariff uncertainties.
“In addition, the delays in the energy transition agenda may influence energy and marine activities, while robust demand for floaters is anticipated to present potential opportunities for us,”
its managing director and chief executive officer Mohd Nazir Mohd Nor said in a statement.
“Against this backdrop, the heavy engineering segment will continue to prioritise disciplined project execution, with stronger emphasis on safety and delivery.
“While opportunities within the energy sector remain available, we will be selective in pursuing new projects across both conventional and new energy sectors, domestically and internationally, with continued focus on maintaining a well-balanced portfolio and addressing operational challenges,” he added.
In 4Q25, its heavy engineering segment saw an operating profit at RM39.9mil, compared to an operating profit of RM22.6mil in the corresponding quarter last year despite the lower revenue.
The company said in its financial notes that the improvement in the operating profit of the heavy engineering segment was mainly attributable to the favourable outcome from the completed projects’ close out.
Its marine segment recorded an operating profit of RM25.2mil in the current quarter compared to an operating profit of RM7mil in the same quarter last year.
