KUALA LUMPUR: Malaysia Marine and Heavy Engineering Holdings Bhd
(MMHE) expects the operating environment in FY26 to remain volatile, weighed by ongoing geopolitical tensions and tariff uncertainties.
“In addition, the delays in the energy transition agenda may influence energy and marine activities, while robust floaters demand is anticipated to present potential opportunities for the group,” MMHE said in the notes accompanying its financial results.
Against this backdrop, MMHE said the Heavy Engineering segment will prioritise disciplined execution with a stronger focus on safety and delivery, while selectively pursuing conventional and new energy projects locally and abroad, maintaining a balanced portfolio and managing operational risks.
It noted that the marine segment, backed by its established market position and proven delivery track record, is expected to deliver stable performance and continue contributing positively to the group despite a competitive and uncertain environment.
“Ongoing regional demand for repair, maintenance, and conversion activities is expected to support activity levels, underpinned by strong project management capabilities and enhanced operational efficiency.
“Continued enhancements in project delivery, collaboration and client engagement will further strengthen the segment’s competitive position and support long-term growth,” MMHE added.
In the fourth quarter ended Dec 31, Malaysia Marine and Heavy Engineering Holdings Bhd more than doubled its net profit to RM52.3mil, or earnings per share of 3.30 sen, from RM21.4mil, or 1.30 sen, a year earlier.
Quarterly revenue, however, fell 28.8% to RM581.7mil from RM817.6mil previously.
For the full financial year ended Dec 31, the group posted a net profit of RM102.8mil, down 15% from RM121mil, while revenue declined to RM1.98bil compared with RM3.6bil a year ago.
