Kuala Lumpur, 27 August 2025 – TAFI Industries Berhad (“TAFI”) reported a resilient performance for the quarter ended 30 June 2025, booking a profit after tax of RM6.36 million on the back of higher contributions from its construction and property development segments. This brings its cumulative 18-month profit after tax to RM24.32 million, underscoring the success of the Group’s turnaround strategy under the current management team.
The Group also recorded revenue of RM82.79 million for the quarter, driven mainly by ongoing construction projects. Since new leadership took over in late 2020, TAFI has streamlined operations, increased efficiency, and expanded its property and construction footprint — initiatives that continue to fuel its profitability.
Segmental Performance
- Property Development:
TAFI’s maiden property project in Habu, Pahang (GDV: RM410 million) is progressing well and contributing positively to revenue and earnings. Other developments in Kuantan, Pahang, with a combined GDV of RM621.5 million, are also on track, with several projects already obtaining development orders. In total, TAFI’s property development portfolio has a GDV of about RM1.03 billion. - Construction:
The Group is currently executing four Letters of Award worth RM527.46 million, including:- Subang Pinnacle design-and-build works (RM205 million)
- Metro Kepong Phase 2D service apartments (RM115 million)
- Two contracts in Setia Alam worth RM207.46 million collectively
- Furniture:
Given global uncertainties and rising costs in the export market, TAFI is scaling down its furniture operations to focus on higher-growth property and construction segments.
Management Commentary
Group CEO Dato’ Sri Bryan Wong (王世坚) said the restructuring efforts undertaken by current management have paid off, positioning the Group for sustainable profitability.
“We are confident TAFI will continue to deliver profits moving forward, supported by our RM1.03 billion property development pipeline and a RM378 million construction order book. We are also actively pursuing new joint ventures, land acquisitions, and leveraging our G7 licence from the Construction Industry Development Board (CIDB) to bid for projects of unlimited value,” he said.
Outlook
Looking ahead, TAFI intends to accelerate its property development portfolio through more joint ventures, while continuing to grow its construction business by targeting both private and government sector projects. With a strong pipeline of projects in Pahang and Klang Valley, the Group remains optimistic about sustaining growth momentum into FY2026.
