KUALA LUMPUR: Infrastructure and utilities company Taliworks Corporation Bhd
posted lower net profit of RM9mil in the first quarter ended Mar 31, 2026 (1Q26) from RM10.51mil a year ago despite registering higher revenue of RM119.21mil versus RM105.27mil.
The company declared a first interim single-tier dividend of 0.25 sen per share. Based on the closing price of 40 sen on May 22, the trailing twelve months’ dividend payout gives a yield of about 5%.
Revenue was primarily attributed to the continued advancement of Package 2 and Package 3 of Stage 1 of the Sungai Rasau Water Supply Scheme Project (Rasau projects), which contributed RM414mil for the quarter just ended.
The renewable energy segment maintained its performance with RM8.4mil of revenue in 1Q26, supported by higher average insolation levels.
In a Bursa statement, Taliworks said the toll highway segment saw lower revenue, mainly due to a reduction in average daily traffic by 0.6% following the opening of the East Klang Valley Expressway on Aug 30, 2025 and lesser recognition of deferred income of RM2.1mil in the quarter.
Taliworks executive director Kevin Chin said, “We are keeping a watchful eye on the impact of rising fuel and logistics costs across all our business divisions. Our operating divisions continue to operate normally, but we are bracing for cost increases that may affect margins moving forward for most divisions.
“We continue to evaluate commercially viable strategic investments across our core businesses to support the Group’s long-term growth strategy,” he added.
