KOTA KINABALU: The Sabah Economic Development Corporation (Sedco) has announced a RM10mil combined dividend and loan repayment to the state government for 2025, the highest in over 15 years.
The government-linked company also set a bold target to double the amount for 2026, said its group general manager Datuk James Wong Kein Peng.
In a statement on Friday (Dec 19), he said the 2025 record comprising RM2mil in dividends and RM8mil in loan repayments reflected a strong turnaround and improved financial performances for the group.
"It is the collective group effort of each and every one of our hardworking chief executive officers (CEO), general managers, management and staff who have made this great progress for Sedco.
"For 2026, we are setting a bold target as a group to double our dividend and loan repayment back to the state to RM20mil," said Wong.
He said this reflected their confidence in the projects being developed, performance of their subsidiaries, the transformation initiatives underway and the growing strength of their leadership and operational systems.
He further reaffirmed Sedco's mission, outlining the organisation's responsibility to help drive the economic impact of Sabah.
Wong said Sedco's strong financial delivery has been supported by major corporate reforms and strategic initiatives.
"Looking forward, with robust corporate reforms, strengthened financial discipline and strong leadership culture, Sedco is entering 2026 with renewed growth momentum and confidence," he said.
