Profit Before Tax Surges 112.6% as Group Strengthens Position Following ACE Market Listing
KUALA LUMPUR, 25 MAY 2026 – Kee Ming Group Berhad (“Kee Ming” or the “Company”), a mechanical and electrical (“M&E”) engineering solutions provider, today announced its financial results for the fourth quarter ended 31 March 2026 (“Q4 FY2026”), marking a strong full year result for the Group’s FY2026 following its listing on the ACE Market of Bursa Malaysia Securities Berhad on 12 February 2026.
For Q4 FY2026, the Group recorded revenue of RM41.85 million, while gross profit (“GP”) stood at RM14.62 million, representing a GP margin of 34.9%. Profit before tax (“PBT”) and profit after tax (“PAT”) for the quarter amounted to RM9.10 million and RM6.08 million respectively.
The Group’s revenue was principally derived from its M&E engineering services segment, which contributed approximately 99.9% of total revenue during the quarter under review. Revenue contribution was mainly driven by projects within the industrial and commercial sectors, with industrial-related projects accounting for approximately 79.1% of the Group’s M&E engineering services revenue for Q4 FY2026.
Compared to the immediate preceding quarter ended 31 December 2025 (“Q3 FY2026”), revenue for Q4 FY2026 decreased by RM16.16 million or 27.9% from RM58.02 million. The decrease in revenue was mainly attributable to lower contribution from the commercial sector, which contributed RM4.31 million in Q4 FY2026 as compared to RM24.89 million in Q3 FY2026. The higher revenue recognised in Q3 FY2026 was mainly due to substantial progress billings recognised from a commercial project during that quarter.
Despite the lower revenue contribution, Kee Ming recorded stronger profitability in Q4 FY2026. GP increased by RM4.63 million or 46.4% from RM9.98 million in Q3 FY2026, while GP margin improved significantly from 17.2% to 34.9%. The improvement in GP margin was mainly attributable to a better project mix with higher contribution from industrial projects, contribution from variation orders, progressive recognition of higher-margin projects and effective cost management.
Accordingly, PBT for Q4 FY2026 increased by RM1.77 million or 24.1% to RM9.10 million compared to RM7.33 million in Q3 FY2026, while PAT rose by RM0.67 million or 12.4% to RM6.08 million from RM5.41 million in Q3FY2026. The improved profitability was mainly attributable to higher project margins achieved during the quarter under review despite lower overall revenue contribution.
On a cumulative basis, Kee Ming recorded revenue of RM151.49 million in FY2026, representing an increase of RM89.08 million or 142.7% compared to RM62.41 million recorded in the preceding financial year ended 31 March 2025 (“FY2025”). The increase in revenue was mainly attributable to higher project execution activities from the M&E engineering services segment, particularly from customers in the industrial and commercial sectors which contributed 81.1% of the Group’s total revenue from M&E engineering services for FY2026.
GP increased by RM20.76 million or 136.2% to RM36.00 million in FY2026 from RM15.24 million in FY2025. Meanwhile, PBT increased by RM12.32 million or 112.6% to RM23.25 million in FY2026 from RM10.94 million in FY2025, while PAT rose by RM8.09 million or 99.0% to RM16.27 million from RM8.17 million in FY2025. The increase in profitability was mainly in tandem with higher revenue contribution during the financial year under review.
Ir. Liew Kar Hoe, Managing Director of Kee Ming Group Berhad, said, “We are encouraged by our strong financial and operational performance in FY2026, which reflects our growing project execution capabilities and increasing participation in larger-scale industrial and infrastructure-related projects. Despite lower revenue contribution in Q4 FY2026 compared to the preceding quarter, we successfully improved profitability through better project mix, disciplined cost management and stronger contribution from higher-margin industrial projects.”
He added, “Looking ahead, we remain optimistic on the outlook of the M&E engineering services market in Malaysia, supported by industrial expansion, infrastructure developments, increasing investments in data centres and the accelerating renewable energy transition. Following our successful listing, we are now in a stronger financial position to pursue larger and more technically demanding projects while continuing to strengthen our operational capabilities and market presence.”
As at 31 March 2026, Kee Ming’s total outstanding order book stood at RM151.9 million, providing earnings visibility as the Group enters FY2027. The Group continues to actively participate in tenders across industrial, commercial, infrastructure and interconnection facilities projects to replenish and expand its order book moving forward.
