KUALA LUMPUR, 26 February 2026 — Ge-Shen Corporation Berhad posted a sharp acceleration in fourth-quarter earnings for FY2025, driven by stronger contract manufacturing momentum and continued operational transformation across its facilities in Malaysia and Vietnam.
For the fourth quarter ended 31 December 2025 (Q4 FY2025), the Group recorded revenue of RM105.10 million, representing an 80.5% increase from RM58.23 million in Q4 FY2024.
The improved performance was primarily attributed to higher contributions from sub-assembly contract manufacturing activities, supported by continued ramp-up of customer programmes, increased production output and improved operational throughput.
Profit before tax (PBT) surged 703.2% to RM13.79 million, compared to RM1.72 million a year earlier. Profit after tax (PAT) climbed 913.6% to RM10.15 million, up from RM1.00 million in Q4 FY2024.
The Group said the significant profitability expansion was underpinned by stronger production volumes, enhanced manufacturing efficiency, improved cost optimisation measures and a gain from the disposal of a factory in Sungai Petani, Kedah.
For the full financial year ended 31 December 2025 (FY2025), Ge-Shen reported total revenue of RM364.87 million, a 32.6% increase from RM275.07 million in FY2024.
Full-year PBT rose 140.2% to RM41.04 million, while PAT increased 151.0% to RM32.22 million, compared with RM17.08 million and RM12.83 million respectively in the preceding year.
Chief executive officer and executive director Adrian Foong Hong Nian said the results reflect the Group’s strategic shift.
“Our strong fourth quarter performance reflects the effectiveness of our operational transformation strategy and our focus on higher value-added contract manufacturing. The continued ramp-up of customer programmes, enhanced production efficiency, and disciplined cost management have significantly strengthened our earnings profile and positioned Ge-Shen for sustainable long-term growth,” he said.
To support its expansion plans, the Group recently undertook a private placement exercise. On 23 February 2026, the Board fixed the issue price for the second tranche of Private Placement 1 at RM1.52 per share, representing a 6.08% discount to the five-day volume weighted average market price up to 20 February 2026.
The private placement is intended to strengthen the Group’s capital base and provide additional financial flexibility to support ongoing operational transformation initiatives and customer programme ramp-ups.
In addition, shareholders approved the acquisition of an additional 40% stake in Local Assembly, raising Ge-Shen’s shareholding to 80%. The acquisition is expected to contribute positively to revenue and profitability, with a focus on data centre and AI-related connectors.
Ge-Shen said it will continue investing in automation, production optimisation and higher value-added integrated contract manufacturing solutions to enhance scalability and competitiveness, as it seeks to sustain earnings momentum and long-term value creation.
