Last updated on December 25, 2025
KUCHING, 26 November 2025 — Sarawak Consolidated Industries Berhad (SCIB), an industrialised building system (IBS) specialist undergoing a strategic transition into a focused Construction and EPCC player, reported RM46.19 million in revenue for its fifth quarter ended 30 September 2025 (Q5 FPE2025), reflecting ongoing operational progress and stability across its business segments.
The Manufacturing segment continued to anchor the Group’s performance, delivering RM33.86 million in revenue and RM3.70 million in profit before tax (PBT) during the quarter.
Over the full 15-month financial period, the segment contributed RM146.71 million in revenue and RM13.40 million in PBT, underscoring its long-standing role in sustaining the Group’s cash flow and earnings base.
Meanwhile, the Construction and EPCC segment recorded RM12.33 million in revenue and a loss before tax of RM3.80 million during the quarter, reflecting lower progress recognition and elevated cost pressures from a specific Peninsular Malaysia project.
For the 15-month period, the EPCC division generated RM75.47 million revenue with a LBT of RM2.64 million, partly offset by earlier recoveries of impairment losses on receivables.
Quarter-on-Quarter Growth Driven by Manufacturing Sales
Compared with the immediately preceding quarter, SCIB’s revenue grew 9.1%, rising from RM42.33 million, mainly due to stronger manufacturing sales.
However, profitability softened quarter-on-quarter as EPCC margins were affected by project-specific cost issues, with the Construction and EPCC segment seeing lower revenue (RM12.33 million vs RM17.62 million previously).
Across the extended 15-month financial period of 1 July 2024 to 30 September 2025, SCIB reported cumulative revenue of RM222.18 million.
Major Corporate Exercise to Unlock RM151 Million in Value
On 18 November 2025, SCIB announced a proposed disposal of its entire equity interest in SCIB Concrete Manufacturing Sdn Bhd (SCM) to YTL Cement (Sarawak) Sdn Bhd for RM113.0 million, subject to adjustments.
This disposal will be complemented by irrevocable options to purchase or sell seven parcels of land linked to existing tenancy and right-to-build agreements, with pre-agreed values totalling RM38.19 million.
Together, these components represent a potential realisation value of approximately RM151.19 million, significantly strengthening SCIB’s balance sheet and enhancing its liquidity for future EPCC growth.
The Group is concurrently progressing with:
- A renounceable rights issue of up to 763.6 million new shares with free warrants
- A RM110.0 million share capital reduction exercise
These initiatives aim to reposition SCIB for its post-divestment structure and support a streamlined, capital-efficient EPCC-focused model.
EGM to Proceed As Scheduled Amid Rights Issue Review
SCIB clarified that its Extraordinary General Meeting (EGM) scheduled for 15 January 2026 at St Giles Boulevard, Mid Valley City, will proceed as planned.
The Company emphasised that approval (or non-approval) of the Proposed Disposal will determine whether the existing rights issue structure proceeds, is paused, or is revised.
If shareholders approve the disposal at the expected EGM in March 2026, the Company anticipates revising its fundraising plans to better reflect the Group’s updated business direction.
Executive Chairman: “We remain committed to strengthening execution and efficiency”
Executive Chairman Datuk Chong Loong Men said the quarter’s results reflect SCIB’s ongoing efforts to refine its operational focus.
“Our Q5 FPE2025 results reflect our continued effort to streamline operations and refine our focus on Construction and EPCC activities. With improved quarter-on-quarter revenue and a stable performance across our business segments, we remain committed to strengthening project execution, optimising resources, and enhancing overall operational efficiency. These ongoing efforts place SCIB in a favourable position to pursue upcoming opportunities as we advance into the next phase of our transformation.”
Supportive Industry Outlook Across Sarawak and Peninsular Malaysia
Malaysia’s macroeconomic backdrop remains constructive, with GDP growth projected at 4.0% to 4.8% in 2025 and sustained development spending under Budget 2026 and the 13th Malaysia Plan (RMK13).
Sarawak continues to see strong infrastructure momentum from major projects including:
- Sarawak–Sabah Link Road
- Autonomous Rapid Transit (ART) in Kuching
- SCORE-related industrial expansion
These initiatives are expected to support demand for construction services, precast products, and community development initiatives.
With established IBS expertise and a maturing EPCC portfolio, SCIB is strategically positioned to capture new public and private sector opportunities across both regions.
