Swift Haulage delivers record revenue of RM377.9 million in 1HFY2025 on sustained core segment growth

Last updated on August 23, 2025

SELANGOR: SWIFT HAULAGE BERHAD (“Swift Haulage” or “Group”), Malaysia’s largest haulier and leading integrated logistics service provider, today announced its financial results for the second quarter ended June 30, 2025 (“2QFY2025”).

2QFY2025 Financial Performance

Swift Haulage recorded revenue of RM188.7 million, gross profit of RM52.4 million and profit before tax (“PBT”) of RM10.4 million for 2QFY2025. Container haulage and land transportation remained the core contributors, generating RM66.5 million and RM68.1 million respectively, accounting for 71.3% of total revenue. The warehousing and container depot segment contributed RM31.8 million, while freight forwarding generated RM22.1 million.

1HFY2025 Financial Performance

For the first half of FY2025, Swift Haulage achieved revenue of RM377.9 million, gross profit of RM104.3 million, and PBT of RM20.8 million. The container haulage (RM135.6 million) and land transportation (RM135.3 million) segments contributed 71.7% of total revenue, with warehousing and container depot adding RM63.1 million and freight forwarding contributing RM43.7 million.

Compared to the same period last year, Group revenue rose 7.3% (RM25.7 million) from RM352.2 million, supported by sustained performance in container haulage and higher contributions from land transportation, expanded logistics warehouse operations, container depot services, and freight forwarding. Gross profit rose 6.9% from RM97.6 million, while PBT declined from RM35.3 million due to the absence of a one-off gain of RM12.9 million from the disposal of a 12.5% stake in Global Vision Logistics Sdn Bhd (“GVL”) in 1HFY2024.

Financial Position

As at 30 June 2025, the Group maintained a cash balance of RM50.5 million, while net gearing remained healthy at 1.05x against shareholders’ funds of RM732.4 million.

Swift Haulage Group CEO Statement

Swift Haulage’s Group Chief Executive Officer, Mr. Loo Yong Hui, said: “We adelivered a solid performance in 1HFY2025, with revenue rising to RM377.9 million, supported by consistent contributions from our container haulage and land transportation segments, as well as strong growth in our warehousing, depot and freight forwarding businesses. This performance highlights the resilience of our diversified business model despite a more challenging operating environment.

The expansion of our warehousing footprint remains a key pillar of our growth strategy. In 2024, we added 387,000 square feet of capacity across Westport and Penang, both facilities are now fully leased, reaffirming our ability to deliver quality, strategically located, and sustainable infrastructure that meets evolving customer requirements.

In early 2025, Swift is also advancing its cold chain capabilities through a joint venture with SCGJWD Logistics Public Company Limited (“SJWD”), one of Thailand’s leading logistics operators. The dedicated cold room facility, spanning 120,000 square feet, at the Shah Alam International Logistics Hub (“SAILH”) is progressing on schedule and is expected to begin operations by 1Q 2026. This will allow the Group to serve temperature-sensitive sectors such as food, pharmaceuticals, and perishable goods more effectively.

In parallel, our associate company, GVL, is on track with Phase 1 of the Shah Alam International Logistics Hub, also scheduled to commence operations by 1Q 2026. Once completed, it will add 2.8 million square feet of green-certified space, making it one of ASEAN’s largest and Malaysia’s first green-certified logistics hubs, further enhancing Swift’s capability to deliver end-to-end logistics solutions across both ambient and cold chain segments.

Sustainability continues to be embedded in our strategy. This quarter, we are introducing two additional Battery Electric Vehicle (“BEV”) Prime Movers, expanding our BEV fleet to five. We are also making steady progress on solar panel installations across all viable sites to reduce our carbon footprint and operating costs.

While we remain mindful of global economic uncertainties and the recent imposition of U.S. tariffs on selected Malaysian exports, our internal assessment suggests minimal direct impact on our business. Our continued investment in green-certified infrastructure, cold chain capabilities, and clean energy transport solutions ensures we are well-placed to capture growth opportunities and deliver long-term value for our stakeholders.”