PETALING JAYA: Malaysian Resources Corp Bhd (MRCB) expects its earnings and growth trajectory to strengthen, supported by a larger construction order book, asset monetisation initiatives, data centre (DC) ventures and its property development pipeline.
The group's construction order book rose to RM8.5bil after its 90%-owned MRCB-Theta Edge joint venture secured a RM3.03bil contract as systems turnkey contractor for the Penang Light Rail Transit Mutiara Line package.
MRCB said in a statement revenue contributions from newly secured projects are expected to accelerate as construction progresses, while its tender book stood at RM11bil across transport and water infrastructure, energy, DCs, industrial and public facility projects.
The group is also advancing a proposed RM2.1bil, 65-megawatt artificial intelligence-ready DC in Bukit Jalil, a proposed RM419.1mil land disposal in Cyberjaya and a collaboration with Taiwan-based TECO Electric & Machinery Co Ltd to explore modular DCs in Malaysia.
For the first half ended June 30, 2026, MRCB’s profit before tax surged 167% year-on-year (y-o-y) to RM21.7mil, mainly due to a RM114.9mil remeasurement gain following the acquisition of the remaining 80% stake in Bukit Jalil Sentral Property Sdn Bhd.
Revenue, however, declined 4% y-o-y to RM493.7mil as contributions from the Light Rail Transit 3 project tapered following its completion, while newer construction jobs remained at early stages.
