Last updated on December 25, 2025
SEBERANG PERAI: BWYS Group Berhad (“BWYS” or the “Group”) (億成集团), a leading sheet metal products manufacturer and scaffolding supplier, reported a 171.3% year-on-year (YoY) surge in net profit to RM4.0 million for the second quarter ended 30 June 2025 (2QFY25), compared with RM1.5 million in the same period last year.
The significant earnings improvement was largely attributed to higher operating income, mainly from the rental of factory and machinery, a move designed to optimise underutilised assets and generate additional income.
Revenue Growth Supported by Construction Sector
Revenue for 2QFY25 rose 18.9% YoY to RM69.5 million, from RM58.5 million in 2QFY24, driven by robust demand from the Malaysian construction sector and steady support from existing customers.
Malaysia remained the Group’s largest market, contributing RM66.0 million or 95.0% of total revenue. The remaining 5% came from overseas markets, including the United States, Singapore, Bangladesh, and the Philippines.
For the first half of FY2025 (1HFY25), revenue increased modestly to RM126.8 million (1HFY24: RM123.9 million), while net profit grew 59.5% YoY to RM6.6 million, compared with RM4.1 million in 1HFY24.
Positive Outlook from National Infrastructure Projects
Managing Director, Mr. Kang Beng Hai (江鳴海先生), said the Group is encouraged by resilient demand despite global steel industry challenges.
“We are pleased to have achieved a commendable set of results despite ongoing challenges in the global steel industry. The steady demand from the construction sector and the continued support from our customers have been our key drivers. We will continue to stay disciplined in our execution and remain focused on delivering sustainable growth for the Group.”
He added that government-backed infrastructure projects, including the MRT3, East Coast Rail Link (ECRL), Penang Light Rail Transit (LRT), and the Penang International Airport expansion, are expected to sustain industry demand:
“The Group is well-positioned to support these initiatives through dependable supply and consistent product quality. We will also continue to seek opportunities to participate in relevant large-scale projects where our products can add value.”
Strategic Expansion and Asset Monetisation
BWYS is currently constructing a new factory in Penang, with operations targeted to begin in the first quarter of 2026. The facility is expected to expand production capacity, enhance efficiency, broaden product offerings, and adopt more advanced technologies.
As part of its capital management strategy, the Group has proposed to dispose of two land parcels in Butterworth, Penang (RM11.3 million) and an industrial land in Banting, Selangor (RM67.0 million). The combined disposals, amounting to RM78.3 million, are expected to yield total gains of RM36.1 million.
Proceeds will be channelled mainly toward working capital, supporting operations and initiatives to enhance business efficiency.
“While global steel prices remain subdued amid market uncertainties, BWYS is taking proactive steps to adapt. At the same time, we continue to strengthen our capabilities and product range to meet evolving market needs,” Mr. Kang said.
Quick Facts (2QFY25 vs 2QFY24):
- Revenue: RM69.5m (+18.9% YoY)
- Net Profit: RM4.0m (+171.3% YoY)
- Malaysia Revenue Contribution: 95% (RM66.0m)
- 1HFY25 Revenue: RM126.8m
- 1HFY25 Net Profit: RM6.6m (+59.5% YoY)
