Taliworks Delivers Strong 1Q Performance With 12.8% Revenue Growth
The group posted a profit after tax of RM12.9 million, on the back of RM105.3 million in revenue, marking a 12.8% year-on-year (YoY) increase.
The rise was largely attributed to the sustained construction progress on Phase 1, Packages 2 and 3 of the Sungai Rasau Water Supply Scheme, which drove construction segment revenue from RM11.8 million in 1Q24 to RM27.9 million in the current quarter.
Revenue from the group's renewable energy (RE) segment climbed 13.6% YoY to RM7.5 million, fuelled by an 11.4% increase in solar energy output following the replacement of solar panels across all its photovoltaic plants. This reflects the group's growing momentum in clean energy, positioning it as a future growth pillar.
'Our water treatment, supply, and toll highway operations remain the bedrock of our performance,' said Executive Director Kevin Chin. 'However, we're pleased with the continued traction in our renewable energy business and the contribution from construction, both of which align with our strategy to diversify and scale high-impact infrastructure investments.'
Chin added that Taliworks remains focused on expanding its infrastructure and RE footprint while maintaining cost discipline across all segments.
'To support long-term growth, we are actively seeking new opportunities to expand our construction order book and optimise operational efficiency,' Chin noted.
In line with its commitment to shareholder returns, Taliworks declared a first interim single-tier dividend of 0.5 sen per share, amounting to RM10.08 million, payable on June 30, 2025.
Based on the closing price of RM0.68 on May 19, 2025, the trailing 12-month dividend yield stands at an attractive 5.9%. Related
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